Digital Pressure Controllers Marketby 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 (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
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 global 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.
Drivers
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.
Segment Analysis
Application Trends
"The high-end calibration lab segment accounted for the largest market share."
The digital pressure controllers market has been bifurcated into high-end calibration labs, general processing, field calibration, production lines, and NMIs. Under these, the high-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 Insights
"Asia-Pacific accounted for the largest market share."
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).
Note: The above list does not necessarily include all the top players of the market.
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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.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Digital Pressure Controllers Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s digital pressure controllers market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
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 1000 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.
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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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.