Bourdon Tube Pressure Gauges Market Size, Share, Growth, and Industry Analysis by Type (Analog Pressure Gauges and Digital Pressure Gauges), By Application (Chemical and Petrochemical, Power, Metallurgical, Machine and Plant Engineering, Medical Equipment & Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

Bourdon Tube Pressure Gauges Market REPORT OVERVIEW

The global bourdon tube pressure gauges market size was USD 12.41 billion in 2022. As per our research, the market is expected to reach USD 17.02 billion in 2028, exhibiting a CAGR of 5.4% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with bourdon tube pressure gauges experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A mechanical tool used to gauge the pressure of gases and liquids is known as a Bourdon tube pressure gauge. It is based on the idea that pressure causes a curved tube, or Bourdon tube, to change shape. The Bourdon tube is often coiled into a C-shape or helical form out of a metal alloy. The Bourdon tube straightens out as a result of internal pressure pushing against its walls as the fluid pressure being monitored rises.

This results in movement of the free end of the tube, which is mechanically connected to a pointer on a dial face. The dial has pressure marks that are calibrated, enabling the user to read the pressure in measures like psi (pounds per square inch) or kPa (kilopascals) immediately. They are frequently used for pressure monitoring and control in several systems in industrial, commercial, and residential applications. They are useful for a variety of conditions and pressures due to their relative simplicity and durability as instruments.

COVID-19 Impact: Industry Shutdown Causes Market Distortion Resulting in Declined Market Growth

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are the result of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, it has become obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The bourdon tube pressure gauges industry has been somewhat impacted by this.

LATEST TRENDS

"Digital Transformation to Boost the Market Growth"

Digital transformation in the bourdon tube pressure gauges industry is a key trend which refers to the integration of digital technologies and capabilities into traditional bourdon tube pressure gauge systems. This change intends to improve the monitoring, data collecting, sharing, and accuracy of pressure-related information. Digital displays are replacing or enhancing the mechanical points on conventional analogue bourdon tube gauges. Operators can read and interpret pressure measurements more easily because to these displays' exact quantitative numbers. Electronic output signals on digital pressure gauges allow for easy integration into automated control and monitoring systems. Digital pressure gauges with wireless or Internet of Things capabilities can be used to remotely monitor pressure conditions in real-time. The market is anticipated to grow as a result. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the digital transformation will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Bourdon Tube Pressure Gauges Market SEGMENTATION

• By Types 

Based on type, the market is classified into Analog Pressure Gauges and Digital Pressure Gauges.

• By Application

Based on the market is categorized into Chemical and Petrochemical, Power, Metallurgical, Machine and Plant Engineering, Medical Equipment & Others.

DRIVING FACTORS

"Industrial Growth Gives the Market Extra Boost"

Industrial expansion is the primary driver of market growth. Accurate pressure measurement is needed in many processes due to the industrial industry's ongoing growth, which is fueled by customer demand, technical advancements, and globalization. Bourdon tube pressure gauges are crucial equipment for ensuring effectiveness and quality. Additionally, the drilling, refinement, and transportation processes in the oil and gas industry primarily rely on pressure measurement. They are essential for measuring the pressure in pipelines, tanks, and machinery, which helps the industry grow. Accurate pressure measurement is required due to the necessity for precision in chemical processes and the rising demand for petrochemical products. In these dangerous situations, dependable devices include Bourdon tube pressure gauges. As a result, the growth, and the industrial growth will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall bourdon tube pressure gauges market growth.

"Technological Advancements to Encourage Market Expansion"

Technology innovation is another aspect boosting the bourdon tube pressure gauges industry's growth. Traditional Bourdon tubes are now available with electronic sensors and digital displays. This enables integration with digital control systems, remote monitoring, and more accurate readings. Modern Bourdon tubes have sensors incorporated in that can wirelessly communicate pressure data to monitoring systems, allowing for real-time data analysis and preventative maintenance. Pressure gauges built of corrosion-resistant materials have been developed as a result of advances in materials science, increasing their longevity and appropriateness for harsh environments. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Product Characteristics to Impede Market Expansion"

Limited product characteristics are the obstacle to the market. Without extra features like digital displays, data logging, or remote monitoring that some applications might need, Bourdon tube gauges typically just measure fundamental pressures. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Bourdon Tube Pressure Gauges Market REGIONAL INSIGHTS

"North America Dominating the Market Across the Globe"

The market for bourdon tube pressure gauges in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product use, machine and plant engineering & medical equipment is boosting the bourdon tube pressure gauges market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Financial players are set to play a pivotal role in propelling the expansion of the essential oils and floral waters market. Investors, venture capitalists, and private equity firms recognize the industry's growth potential fueled by rising consumer demand for natural and wellness-oriented products. Their investments provide essential capital to support research and development, innovation in product formulations, and the scaling of production capabilities. Additionally, financial backing facilitates market penetration through marketing and distribution efforts. The collaborative partnership between financial stakeholders and industry participants is poised to unlock new opportunities, foster innovation, and accelerate the market's evolution to cater to evolving consumer preferences.

List of Market Players Profiled

• Bourdon (U.S.)
• Emerson (U.S.)
• Wika (Germany)
• Ametek (U.S.)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of bourdon tube pressure gauges market. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.