Numerous industries are adopting cutting-edge technologies that simplify their processes, which would otherwise require supervision, as automation becomes an essential step to keep up with the pace of industry 4.0.
As automation becomes a necessary step in keeping up with the pace of Industry 4.0, many industries are adopting novel technologies that simplify processes that would otherwise require supervision. One such innovation is the industrial gauge, which precisely measures the standard pressure or temperature required by the process.
The need to measure gaseous or liquid media in order to ensure the efficient operation of manufacturing systems has accelerated the adoption of industrial gauges. Government regulations aimed at ensuring worker safety in a variety of industries, including but not limited to the dairy, power, chemical, refining, and food industries, have increased the use of industrial gauges.
The development of digital industrial gauges is gaining more attention from manufacturers because accuracy is crucial when measuring a media’s pressure or temperature.
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Industrial Gauges Market – Notable Developments
The leading players of the industrial gauges market are striving to increase their market share by investing in research and development activities to innovate the industrial gauges landscape. Furthermore, market participants use merger and acquisition activities to expand their presence in other geographies. Some of the key players operating in the industrial gauges market include Granville – Phillips Company, Grainger, Inc., Baumer Holding AG, KOBOLD Messring GmbH, ENFM USA. Inc., and H.O. Trerice Co.
Pyrosales Pty Ltd
Founded in 1976, Pyrosales Pty Ltd is headquartered in Australia. The company specializes in the development of industrial instruments as well as measuring, displaying, and transmitting products. It has operational facilities in Brisbane, Melbourne, Sydney, South America, China, and the U.S. The company enjoys its reputation as one of the largest manufacturers of calibration devices, sensors and instrumentation, level and flow measurement gauges, and precision temperatures.
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WIKA Instrument, LP
Established in 1946, WIKA Instrument, LP is based in the U.S. It operates as a subsidiary of WIKA Alexander Wiegand GmbH & Co. KG. The company boosts its competence in manufacturing pressure gauges, pressure transmitters, diaphragm seals, and thermometers. The broad product portfolio of the company includes meters and displays, level measurement products, pressure gauge mechanical and electrical temperature products, high precision and calibration test products, and similar accessories.
Winters Instruments Limited
Found in 1953, Winters Instruments Limited is based in Toronto, Canada. The company focuses on the manufacturing of industrial instrumentation products for temperature and pressure measurement. It has an excellent global reach with its distribution partners being in over 90 countries.
North America to Remain a Lucrative Industrial Gauges Market
The North American industrial gauges market remains benefitted by the demand ascending from numerous manufacturing plants of end-use industries such as paper and pulp, chemical, dairy, and food and beverages, among others. However, Asia Pacific is anticipated to witness a significant surge in the demand for industrial gauges, as a large number of companies have been shifting their manufacturing facilities in the region to leverage the emerging opportunities. The Middle East and Africa also contribute to the growing adoption of industrial gauges as numerous petrochemical industries remain at the forefront of the demand for pressure and temperature gauges.
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Industrial Gauges Market – Dynamics
‘Digital’ to Remain a Key USP of Industrial Gauges
With automation fuelling industrial advancements, end-use industries have been seeking instruments that optimize process efficiency and reduce overhead costs. As the perception of ‘digital’ being synonymous with ‘time-efficient’ penetrates deeper, industrialists are moving past their analog industrial gauges to adopt digital industrial gauges. In addition, digital industrial gauges can minimize the workforce required to interpret the readings, owing to their precision even during high vibration, which helps manufacturers control their operational costs. Driven by accuracy, the adoption of digital industrial gauges is likely to remain high in the upcoming years.
By segmentation:
The industrial gauges market has been bifurcated based on:
Industrial Gauges Market Segmentation – By Gauge Type
Industrial Gauges Market Segmentation – By Application
Industrial Gauges Market Segmentation – By End-use Industry
Industrial Gauges Market Segmentation – By Region
Report Highlights:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Industrial Gauges Market Share , Industrial Gauges Market Size , Industrial Gauges Market Analysis
Mar 15, 2023