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.

Figure: Digital Pressure Controllers Market Size, 2020-2026 (USD Billion)

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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).

Market Dynamics

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.

Segments' Analysis

Application Trends

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.

Regional Trends

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).

COVID-19 Impact on Digital Pressure Controllers Market

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.

Critical Questions Answered in the Report

• What are the key trends in the global Digital Pressure Controllers market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global Digital Pressure Controllers market?
• What are the key strategies adopted by the major vendors to lead in the global Digital Pressure Controllers market?
• What is the market share of the top vendors?

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Target Audience

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

• Digital pressure controllers distributors
• Digital pressure controllers suppliers
• Digital pressure controllers manufacturers
• Logistics organizations
• Government bodies

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