According to a market report by Lucintel, the future of the digital pressure gauge market looks promising with opportunities in the aviation and defense, automotive, healthcare, and energy markets. The global digital pressure gauge market is expected to reach an estimated $719.7 million by 2028 with a CAGR of 3% from 2023 to 2028. The major drivers for this market are increasing extensive uses of these pressure gauges in commercial as well as residential applications.
In this market, piezoresistive pressure gauge, capacitive pressure gauge, electromagnetic pressure gauge, resonant solid state pressure gauge, and optical pressure gauge are the major segments of digital pressure gauge market by technology. Lucintel forecasts that piezoresistive pressure gauge will remain the largest segment over the forecast period due to increasing usage of these gauges in a variety of applications owing to their simplicity and robustness.
Within this market, automotive is expected to remain the largest segment due growing automotive production and increasing usage of gauges in the engine optimization, emission control, and safety enhancement applications.
APAC will remain the largest region due to rapid industrialization in countries, like China, Japan, India, and South Korea, and growing demand for electric cars and other new energy vehicles in the region.
HongyI Precision Industries, Digitron Italia, BD Sensors, GE Digital Energy, Automation Product Group, Esders GmbH, BHV sensory and Gauging System are the major suppliers in the global digital pressure gauge market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global digital pressure gauge market by technology, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Digital Pressure Gauge Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global digital pressure gauge market by technology, application, and region, as follows:
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Digital Pressure Gauge Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
Piezoresistive Pressure Gauge
Capacitive Pressure Gauge
Electromagnetic Pressure Gauge
Resonant Solid State Pressure Gauge
Optical Pressure Gauge
Digital Pressure Gauge Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Automotive
Consumer Electronics
Healthcare
Oil & Gas
Power
Industrials
Digital Pressure Gauge Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the digital pressure gauge market by technology (piezoresistive pressure gauge, capacitive pressure gauge, electromagnetic pressure gauge, resonant solid state pressure gauge, and optical pressure gauge), application (automotive, consumer electronics, healthcare, oil & gas, power, and industrials), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?