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Pressure Gauges Market

The market for Pressure Gauges was estimated at $921 million in 2024; it is anticipated to increase to $1.41 billion by 2030, with projections indicating growth to around $2.02 billion by 2035.

Report ID:DS1404025
Author:Swarup Sahu - Senior Consultant
Published Date:
Datatree
Industrial Tools & Machinery
Test & Measurement Instruments
Pressure Gauges
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Report Summary
Market Data
Methodology
Table of Contents

Global Pressure Gauges Market Outlook

Revenue, 2024

$921M

Forecast, 2034

$1.88B

CAGR, 2025 - 2034

7.4%

The Pressure Gauges industry revenue is expected to be around $989.2 million in 2025 and expected to showcase growth with 7.4% CAGR between 2025 and 2034. The significant growth is mainly influenced by factors like the increasing focus on automating processes and using energy production methods that heavily rely on Pressure Gauges technology's advancements in various industries such as petrochemicals and food and beverage sectors underline their ongoing importance in different domains of safety regulations and cost saving measures. Highlight the need for pressure monitoring and control instruments, in today's market environment. This enhances the market dynamics of Pressure Gauges.

Pressure Gauges are elements in today's workflows and are primarily utilized for overseeing and controlling pressure levels across various uses. From power generation to managing equipment in the oil and gas industry; they are indispensable for operational supervision. Digital pressure gauges are particularly gaining momentum due to their accuracy and broad range of applications. This rising popularity is driven by the integration of technology with changes, in applications and the growing emphasis placed upon real time data and predictive analysis. Moreover notable developments, like the IOT and Industry 4.0 are influencing the industry trends significantly.

Pressure Gauges market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Pressure Gauges Market Outlook

Market Key Insights

  • The Pressure Gauges market is projected to grow from $921.0 million in 2024 to $1.88 billion in 2034. This represents a CAGR of 7.4%, reflecting rising demand across Oil & Gas, Chemical & Petrochemical, and Power Generation.

  • Ashcroft Inc., Emerson Electric Co., Enerpac Tool Group are among the leading players in this market, shaping its competitive landscape.

  • U.S. and Germany are the top markets within the Pressure Gauges market and are expected to observe the growth CAGR of 4.8% to 7.1% between 2024 and 2030.

  • Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 8.5% to 10.2%.

  • Transition like Digital Transformation is expected to add $51 million to the Pressure Gauges market growth by 2030.

  • The Pressure Gauges market is set to add $960 million between 2024 and 2034, with manufacturer targeting Chemical & Petrochemical & Power Generation Application projected to gain a larger market share.

  • With

    industrial growth, and

    Technological Advancements, Pressure Gauges market to expand 104% between 2024 and 2034.

pressure gauges market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Pressure Gauges - Country Share Analysis

Opportunities in the Pressure Gauges

In developed nations where the Pressure Gauge market has reached maturity stages there are also still market segments in regions like Asia, Africa and South America in the process of evolving their infrastructure, industries and technologies. The rising demand for Pressure Gauges, in these areas suggests promising growth prospects.

Growth Opportunities in North America and Europe

In North America today pressure gauges are becoming increasingly essential across industries like manufacturing and oil and gas sectors for ensuring operational safety and monitoring pressured systems effectively Evidence shows a growing trend in the use of pressure gauges in these sectors due to North America's strong presence in advanced technologies and well established petroleum industry making it a key market, for such equipment. The challenges stem from the competition between companies and the need for affordable and eco friendly products in the market today. The main factors driving this industry include advancements in technology policies ensuring safety and an increase, in large scale manufacturing ventures.
The European pressure gauge market is significantly influenced by the demand trends within the sector which presents various uses for pressure gauges such as measuring engine oil pressure and balancing brake system pressure and maintaining tire pressure levels owing to the growing automotive industry, in Europe that prioritizes safety and efficiency. In the market landscape of the European region for gauges that guarantee precision and reliability in performance efficiency is intense with numerous companies vying to excel in region's such as innovation and sustainability compliance with safety standards and growth, within the automotive industry sector.

Market Dynamics and Supply Chain

01

Driver: Expansion of industrial automation and stringent safety compliance standards driving pressure gauge demand

Two related growth factors are also propelling the pressure gauges market. First, the rapid expansion of industrial automation across oil and gas, chemical, power generation, and manufacturing sectors is also increasing the need for precise, real-time pressure measurement. Automated systems depend on accurate instrumentation to optimize process control, enhance efficiency, and reduce downtime. Pressure gauges integrated with digital monitoring and control systems enable predictive maintenance and data analytics, supporting smart operations. Second, increasingly stringent safety compliance standards require reliable pressure monitoring to prevent overpressure incidents, leaks, and equipment failures. Regulatory frameworks such as OSHA, API, and IEC standards mandate regular pressure measurement and calibration across critical systems. This has also heightened focus on certified, high-precision gauges that meet industry-specific codes. Together, automation growth and compliance pressures are also strengthening market demand for advanced pressure gauges with higher accuracy, durability, and connectivity features.
The adoption of digital and smart pressure gauge technologies is also a key standalone driver for the market. Digital gauges, wireless transmitters, and IoT-enabled pressure sensors offer enhanced accuracy, remote monitoring, and seamless integration with industrial control systems. These systems support real-time diagnostics, automated alerts, and historical data logging, enabling operators to optimize performance and maintenance schedules. In sectors such as oil refining and power generation, smart gauges improve safety by detecting anomalies early and enabling rapid corrective action. As industries pursue digital transformation, demand for intelligent pressure measurement solutions continues to grow, replacing traditional analog devices in critical applications.
02

Restraint: Increasing preference for multifunctional sensors reducing demand for standalone pressure gauges

A growing restraint in the pressure gauges market is the shift toward multifunctional sensors and integrated instrumentation systems that combine pressure measurement with temperature, flow, and level sensing. End users increasingly adopt compact digital sensor modules that feed data into centralized automation platforms, reducing reliance on standalone pressure gauges. For example, smart process control systems in chemical plants often use integrated transmitters instead of separate analog gauges. This trend compresses sales of traditional gauges, particularly in new installations, and pressures manufacturers to innovate or risk market share erosion, ultimately slowing overall market revenue growth for conventional pressure gauge offerings.
03

Opportunity: Strategic Partnerships for Innovation and Emerging Role in Health and Safety Regulations

In the era following the rise of digital technology advancement collaborations between Pressure Gauge companies and tech firms have the potential to spark innovation and lead to the development of intelligent and effective Pressure Gauges. These partnerships offer advantages not only in boosting sales for manufacturing companies but also in improving customer satisfaction levels thus presenting a notable opportunity, in the market.
The advancements in technology have led to Pressure Gauges becoming instruments in a wide range of industries for maintaining health and safety standards effectively. The increased reliance of businesses on Pressure Gauges is aimed at securing their operations and minimizing risks while conformng, to industry regulations. This expanding use has significantly driven the market growth.
04

Challenge: High calibration and maintenance requirements increase total lifecycle costs for buyers

Pressure gauges often require regular calibration and maintenance to ensure accuracy and compliance, which can be costly and time-consuming for industrial users. In sectors like power generation and oil and gas, strict calibration schedules and traceability requirements increase operational expenses, leading some facilities to delay upgrades or opt for alternative measurement solutions. For instance, frequent on-site calibration services and downtime during maintenance reduce equipment availability and elevate total lifecycle costs. These factors can dampen demand, especially among cost-sensitive buyers, and influence purchasing decisions toward lower-maintenance or integrated digital alternatives.

Supply Chain Landscape

1

Raw Material Suppliers

PoscoArcelorMittal
2

Component Manufacturers

SwagelokWinters Instruments
3

Pressure Gauge Assemblers

WIKA InstrumentAshcroft Inc
4

Distribution & End Users

EnergyMarineHealthcare
Pressure Gauges - Supply Chain

Use Cases of Pressure Gauges in Oil & Gas & Chemical & Petrochemical

Oil & Gas : In the oil and gas sector, pressure gauges play a critical role in monitoring wellhead pressure, pipeline integrity, and drilling operations to ensure safety and optimal performance. Bourdon tube and diaphragm pressure gauges are most commonly used due to their reliability and ability to withstand extreme pressures and volatile environments. These instruments provide real-time feedback on upstream, midstream, and downstream systems, enabling operators to prevent leaks and manage process variables effectively. Their corrosion-resistant construction and high accuracy make them indispensable for maintenance, process control, and safety compliance in exploration, refining, and transportation activities across the oil and gas value chain.
Chemical & Petrochemical : The chemical and petrochemical industries depend on pressure gauges to maintain process stability and safety in reactors, distillation columns, and storage vessels. Compact digital and capsule pressure gauges are widely deployed because of their high precision, wide measurement range, and resistance to corrosive chemicals. These gauges help operators monitor reactive processes and prevent unsafe pressure fluctuations that could lead to equipment damage or hazardous releases. Their key advantage is accurate performance under high temperature and aggressive chemical exposure, supporting continuous production and compliance with industry regulations. Reliable pressure measurement enhances operational efficiency and reduces the risk of costly downtime.
Power Generation : Pressure gauges are essential in power generation facilities for monitoring boiler pressure, steam systems, and cooling circuits to ensure reliable and efficient energy production. Analog dial gauges, as well as advanced electronic pressure transmitters, are commonly used to measure critical pressure parameters in fossil fuel, nuclear, and renewable power plants. These instruments provide vital data to control systems, enabling operators to optimize thermal efficiency and maintain safe operating conditions. High accuracy and durability under high temperature and vibration make pressure gauges indispensable in turbines, feedwater systems, and auxiliary processes. Their use enhances preventive maintenance, operational stability, and regulatory compliance in power generation environments.

Recent Developments

Recent developments in the pressure gauges market highlight a shift toward digital and smart pressure sensors, IoT connectivity, and predictive maintenance solutions. Manufacturers are integrating wireless transmitters, diagnostic features, and real-time data analytics to support industrial automation, process control, and safety monitoring in sectors like oil and gas, power generation, and chemicals. A key trend is demand for environmentally sustainable instrumentation, including low-power, recyclable designs that support energy efficiency and regulatory compliance, strengthening adoption across modern industrial systems.

December 2024 : Crown Technologies introduced a line of digital pressure gauges with enhanced durability and precision, revolutionizing the pressure measurement industry
October 2024 : Toolmaster Corporation launched a pressure gauges series integrating smart technology for real-time pressure monitoring in various industrial applications
July 2024 : GaugeMark International unveiled a pressure gauges range incorporating advanced wireless technology for smooth remote operation.

Impact of Industry Transitions on the Pressure Gauges Market

As a core segment of the Test & Measurement Instruments industry, the Pressure Gauges market develops in line with broader industry shifts. Over recent years, transitions such as Digital Transformation and Increasing Sustainability have redefined priorities across the Test & Measurement Instruments sector, influencing how the Pressure Gauges market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Digital Transformation

In the few years various sectors have witnessed a notable move towards integrating digital advancements and the field of pressure gauges is no different. The shift from analog gauges to digital ones has transformed the method through which pressure readings are acquired and understood. Digital gauges provide accuracy user friendly displays and improved data organization features, empowering sectors, like oil and gas manufacturing and HVAC to elevate their productivity levels. The shift to technology has resulted in enhanced data precision by reducing errors and providing sustainable solutions, for managing pressure more effectively.
02

Increasing Sustainability

Increasing sustainability has become a notable industry transition shaping the pressure gauges market, driven by stricter environmental regulations and corporate decarbonization goals. Manufacturers are increasingly adopting eco-friendly materials, lead-free components, and energy-efficient manufacturing processes to reduce lifecycle emissions. This shift is also influencing product design, with longer service life and recyclable housings gaining priority. In renewable energy sectors such as solar and wind power, pressure gauges are widely used to monitor fluid pressure, cooling systems, and thermal performance, directly supporting efficient energy conversion and reduced energy losses. Similarly, in green hydrogen and wastewater treatment facilities, sustainable pressure gauges enable precise monitoring while aligning with environmental compliance standards. These applications reinforce demand from clean energy and sustainability-focused industries, reshaping product positioning and investment priorities across the pressure gauges value chain.