Digital Pressure Controllers Market Report

Market Insights

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.

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 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.

COVID-19 Impact

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.

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What is a pressure controller?

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

Key players operating in the Digital Pressure Controllers market are-

• Fluke (US)
• Mensor LP (US)
• General Electric Company (US)
• Additel Corporation (US)
• MKS Instruments, Inc. (US)
• Insatech A/S (Denmark)
• Dwyer Instruments Inc (US)
• Beijing Spake Technology Co., Ltd. (China)
• Adarsh Industries (India).

Segment Analysis

Application Trends

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.

Regional Analysis

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).

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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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 to sales@stratviewresearch.com.