Manual Pressure Calibration Equipment Market Forecast and CAGR
According to latest research study by Fact.MR, the Manual Pressure Calibration Equipment market is anticipated to witness a convenient growth rate of more than 6% during assessment period. The high demand from the chemical industries for pressure measurement and vessel safety is likely to drive the market in next couple of years.
In addition to this, the growing demand from other end use industries such as automotive, oil & gas and pharmaceutical is likely to provide an upward trend to the demand across the globe. The growing laboratories are attributed to providing a promising stance to the manufacturers in near future. Since the application such as industrial safety and maintenance is likely to give a positive impact to the utilization of pressure calibration devices.
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The versatility of the product is a foremost reason, which utilizes a convenient amount of Manual Pressure Calibration Equipment in various industries such as automotive, pharmaceutical, scientific laboratories, aerospace and oil & gas industries. Due to high utilization from these industries, the production volume is anticipated to surge by 2X during the forecast period. Additionally, the expanding automobile and aviation industries across the globe is attributed to generating noteworthy demand from the manufacturer’s end.
Due to rapid industrialization, the Asia Pacific region is likely to hold the noteworthy demand for pressure calibration devices, which will lead to provide a promising stance to investors. Moreover, intensifying online retail in countries such as India, China, Singapore and Australia is projected to create convenient demand in upcoming years.
Key Segments
-
By Pressure Measurement Range
- <10 Psi
- 10-100 Psi
- 100-200 Psi
- 200-500 Psi
- 500-1000 Psi
- >1000 Psi
-
By Operation
- Automatic
- Manual
- Others
-
By Application
- Turbines
- Wind Power
- Maintenance
- Compressor unit
- Industrial Safety
- Others
-
By End Use Industries
- Chemical Industry
- Pharmaceutical Industry
- Automotive Industry
- Aviation Industry
- Scientific Laboratories
- Oil & Gas Industry
- Others
-
By Distribution Channel
- Offline
- Specialty Stores
- Multi-brand Stores
- Retail Sales
- Distributor Sales
- Online
- E-commerce Websites
- Company-owned Websites
- Offline
-
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Europe
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Oceania
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
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Who are the Key Manufacturers and Suppliers of Manual Pressure Calibration Equipment?
Some of the leading manufacturers and suppliers of Manual Pressure Calibration Equipment include
- Additel
- Ametek
- Ashcroft
- Condec
- Crystal Engineering
- DH-Budenberg
- Druck
- Dwyer Instruments
- Fluke Calibration
- IKM Instrutek
- Keller
- Martel Electronics
- Mensor
- PIE Practical Instrument Electronics
- Setra
- Transmille
- WIKA
- Yokogawa
Leading manufacturers across the globe are highly focused on improving the versatility of the product, making it useful to other applications as well. Additionally, key manufacturers are spending a momentous amount on R&D for improving the accuracy of Manual Pressure Calibration Equipment.
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The rising interest in automatic machinery is anticipated to provide abundant aspects for developing a variety of product range for satisfying the consumers demand globally.
Segmental Analysis
Automatic Manual Pressure Calibration Equipment is anticipated to be a lucrative avenue from the consumer’s end since it does not require any human effort for pressure reading calibration. The optimistic trend towards automation is likely to give a positive impact on the utilization of automatic gadgets across the globe.
Moreover, the low-pressure range (>10 psi) equipment are likely to witness an optimistic growth rate from the industrial laborites whether high-pressure rating (500-1000 psi) calibration equipment is expected to be a lucrative avenue from the industrial applications.
North America Market Outlook
North America currently accounts for a majority of the demand. Since, increasing government investment in R&D and healthcare infrastructure is projected to give a positive outlook to the expansion of the laboratories, providing a promising stance for investors in this region. The demand for calibration equipment is anticipated to be surge from other end-use industries such as chemical, electrical and oil& gas industry during the period of forecast.
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