Market Share of Pressure Gauge Industry
The market of pressure gauges is highly fragmented, with the presence of several players holding significant shares in the market that support various industries, such as automotive, aerospace and defense, chemical, energy, and healthcare. Some of the major companies in the pressure gauge market are Honeywell International Inc., Emerson Electric Co., AMETEK Inc., Meggitt PLC, and Crane Company. The key original equipment manufacturers (OEMs) are highly investing in the development of new pressure sensors and gauge models to increase their presence across the world.
For instance, in January 2021, Honeywell International Inc. introduced the next generation of its cabin pressure control and monitoring system with applications in both commercial and military aircraft. The new version of the system is all-electric, lighter-weight, and used for business and regional aviation as well as tactical or military trainer-sized aircraft. Such investments are expected to bolster the company's growth across various regions in the coming years.
Pressure Gauge Market Leaders
-
Honeywell International Inc.
-
Emerson Electric Co.
-
AMETEK Inc.
-
Meggitt PLC
-
Crane Company
*Disclaimer: Major Players sorted in no particular order
