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.
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.
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.
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.
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 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 |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
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.
Explore Similar Insights
Barometer Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
