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Barometer Market

Market Insights on Barometer covering sales outlook, demand forecast & up-to-date key trends

Barometer Market by Product Type, Technology, End Use Industry & Region - Forecast 2022 - 2032

Barometer Market Snapshot (2022-2032)

Global barometer demand is anticipated to be valued at US$ 1.24 Billion in 2022, forecast to grow at a CAGR of 3% to be valued at US$ 1.66 Billion from 2022 to 2032. By the start of the 20th century, these aneroid barometer devices had gained wide popularity and were available for professionals and as well as personal use.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 1.20 Billion

Expected Market Value (2022)

US$ 1.24 Billion

Anticipated Forecast Value (2032)

US$ 1.66 Billion

Projected Growth Rate (2022-2032)

3% CAGR

The modern age of the late 20th century and early 21st century has witnessed the emergence of barometer devices that are based on pressure sensing devices and find use in many applications other than meteorology.

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Which are Some Prominent Drivers Spearheading Barometer Market Growth? 

A barometer is used to measure atmospheric pressure, as well as changes in atmospheric pressure at a location compared to the standard atmospheric pressure at mean sea level. Since changes in atmospheric pressure are a reliable indicator of existing and impending weather conditions, barometer devices find extensive usage in the field of metrology.

Data from barometer based atmospheric pressure measurements, along with many other parameters such as temperature, humidity etc. are processed in metrological stations across the world to come up with local and regional weather forecasts and bulletins.

Since atmospheric pressure changes can also be used to reliably measure altitude, barometer devices also find application in altimeters in aircrafts. Barometer devices are also used on marine vessels to keep a track of changes in the weather and take appropriate precautions if required.

Ships fitted with barometer devices and other measurement instruments also form a fleet of observation vessels, who record, measure and relay weather data from the seas to land based stations which monitor marine weather. Thus the market for barometer devices is projected to be driven by the need for accurate meteorological monitoring and forecasting.

Region-wise Insights

Why is the Asia Pacific Region Emerging as an Opportunistic Barometer Market?

Barometer market is projected to witness stable growth in the next five to ten years with demand primarily originating from the metrology, aviation and marine industries. Asia Pacific is a key regional market for Barometer devices, with a fast growing aviation industry and some of the world’s busiest marine traffic networks.

With increasing incidences of extreme weather conditions in the wake of climate change effects, there has been increased focus on improving meteorological monitoring and forecasts, particularly in regions that routinely face typhoons, cyclones and storms.

How are North America and Europe Contributing to Growth of the Barometer Market?

According to Future Market Insights, North America and Europe are significant markets for barometer devices, with a well-developed weather monitoring and forecasting infrastructure, which is constantly updated.

Also, in the region of Europe such as Germany, technological advancement is at a high level. That’s why meteorological equipment consumption is high in this region. So, bound to all the above factors, barometer consumption is high in this region.

Nikhil Kaitwade
Principal Consultant
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Market Competition

Currently, the market is considerably competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the barometer market are Feingerätebau K. Fischer GmbH, Murata Manufacturing Co., Ltd., Bosch Sensortec, HOPERF, Maximum Inc, Abbeon Cal Inc., Russell Scientific Instruments Ltd, TE Connectivity, Apogee Instruments and Scientific Sales, Inc.

Attributed to the presence of such a high number of participants, the market is highly competitive. A barometer market report also contains projections using a suitable set of assumptions and methodologies. Global barometer research report provides analysis and information according to market segments such as geographies, application, and industry. Globally, the barometer market is expected to be fragmented in nature owing to the presence of a large number of players in the local as well as global market.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 3% from 2022 to 2032

Market Value for 2022

US$ 1.24 Billion

Market Value for 2032

US$ 1.66 Billion

Base Year for Estimation

2021

Historical Data

2015-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product
  • Technology
  • End UseIndustry
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Peru
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • South Korea
  • GCC
  • South Africa
  • Turkey
  • Iran
  • Israel

Key Companies Profiled

  • Feingerätebau K. Fischer GmbH
  • Murata Manufacturing Co., Ltd.
  • Bosch Sensortec
  • HOPERF
  • Maximum Inc.
  • Abbeon Cal Inc.
  • Russell Scientific Instruments Ltd
  • TE Connectivity
  • Apogee Instruments
  • Scientific Sales, Inc.

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Key Segments Profiled in the Barometer Industry Survey

Barometer Market by Product Type:

  • Mercury Based Barometer
  • Aneroid Barometer
  • Sensor Based Barometer

Barometer Market by Technology:

  • Analog Barometers
  • Digital Barometers

Barometer Market by End Use Industry:

  • Barometers for Metrology & Weather
  • Barometers for Laboratory & Research
  • Barometers for Aerospace
  • Barometers for Marine
  • Barometers for Personal Use
  • Barometers for Other Industrial Applications

Barometer Market by Region:

  • North America Barometer Market
  • Latin America Barometer Market
  • Western Europe Barometer Market
  • CIS & Russia Barometer Market
  • APEJ Barometer Market
  • Japan Barometer Market
  • Middle East and Africa Barometer Market

Frequently Asked Questions

FMI projects the global barometer market to expand at a 3% value CAGR by 2032

Asia Pacific is expected to be the most opportunistic barometer market.

K Feingerätebau K. Fischer GmbH, Murata Manufacturing Co., Ltd. and Bosch Sensortec, are some prominent barometer manufacturers.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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