Digital Pressure Controllers Market Report
Digital Pressure Controllers Market Trends, Dynamics & Market Insights See less
Digital Pressure Controllers Market Trends, Dynamics & Market Insights
Digital Pressure Controllers Market, By Type (Primary Standard Pressure Controllers, Precision Pressure Controllers, General Purpose Pressure Controllers, Pressure Switch/ Regulators, Pump Pressure Controllers), Application (Hi-end Calibration Lab, General Processing, Field Calibration, Production Line, NMI), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Digital Pressure Controllers market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
Digital Pressure Controllers Market, By Type (Primary Standard Pressure Controllers, Precision Pressure Controllers, General Purpose Pressure Controllers, Pressure Switch/ Regulators, Pump Pressure Controllers), Application (Hi-end Calibration Lab, General Processing, Field Calibration, Production Line, NMI), and Region ...
The Digital Pressure Controllers market is projected to grow from USD 1.6 billion in 2020 to USD 1.8 billion by 2026 at a CAGR of around 2.2% during the forecast period.
A pressure controller is defined as an electronic controller which provides pressure based on the supply pressure. Pressure controllers are used to regulating positive or negative pressure. Based on type, digital pressure controllers can be categorized as primary standard pressure controllers, precision pressure controllers, general-purpose pressure controllers, pressure switch/ regulators and pump pressure controllers.
Key players operating in the Digital Pressure Controllers market are-
The growth of the digital pressure controllers market is primarily driven by widespread product usage in calibration labs, and manufacturing & processing industries. Expanding industrialization in the developing regions is likely to drive the demand for digital pressure controllers substantially. In addition to this, rising demand for high-quality and advanced digital pressure controllers is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the digital pressure controllers market has been bifurcated into hi-end calibration lab, general processing, field calibration, production line, and NMI. Under these, the hi-end calibration lab segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing product use to calibrate pressure ranges and accuracy combinations in the most effective way in terms of time savings and equipment cost in the calibration process.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding industrialization in developing countries such as India and China. The market growth in the North American region is expected to be driven by increasing demand for advanced digital pressure controllers coupled with the presence of key market players such as Fluke (US) and Mensor LP (US).
The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the digital pressure controllers market negatively for a short period as the imposition of complete lockdown and restrictions on trade affected the product supply for a short period.
Here is the list of the group of customers that the digital pressure controllers market hopes to have the greatest opportunity to convert-
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at firstname.lastname@example.org.
The digital pressure controllers market is expected to witness an impressive growth of 2.2% CAGR in the coming years.
Fluke (US), Mensor LP (US), General Electric Company (US), Additel Corporation (US), MKS In-struments, Inc. (US), Insatech A/S (Denmark), Dwyer Instruments Inc (US), Beijing Spake Tech-nology Co., Ltd. (China) and Adarsh Industries (India) are among the key players in the digital pressure controllers market.
The digital pressure controllers market size is expected to reach USD 1.8 billion in the foreseeable future.
The hi-end calibration lab segment is expected to register the significant growth in the digital pressure controllers market in the coming years.
Asia-pacific accounted for the largest share in the digital pressure controllers market in 2020.
Digital pressure controllers distributors, Digital pressure controllers suppliers, Digital pressure controllers manufacturers, Logistics organizations, Government bodies are the target audience in the digital pressure controllers market.