Global digital barometer demand is anticipated to be valued at USD 1.03 Billion in 2022, forecast to grow at a CAGR of 3.5% to be valued at USD 1.46 Billion from 2022 to 2032.
Although barometers had been invented centuries back, advanced digital barometers have witnessed a plethora of modifications with additional features, accuracy, and compactness.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 1 Billion |
| Expected Market Value (2022) | USD 1.03 Billion |
| Anticipated Forecast Value (2032) | USD 1.46 Billion |
| Projected Growth Rate (2022 to 2032) | 3.5% CAGR |
Advancements in the technology of digital barometers significantly spur the market of digital barometers. On the basis of modality, hand-held digital barometers are expected to account for the largest revenue share owing to maximum adoption by research laboratories and meteorological departments. However, wall-mounted digital barometers are expected to grow with the highest CAGR over the forecast period due to the incorporation of various advanced features.
On the basis of end-user, meteorological departments, and research laboratories are estimated to account for the largest market share in terms of revenue owing to the increasing number of research laboratories and higher adoption by them in the forecast period.
Maintenance of specific atmospheric conditions is very important in research laboratories and pharmaceutical manufacturing as well as research and laboratory sites. Increasing demand for biotechnology and drug designing propel the growth of research institutes and pharmaceutical companies.
This is considered an important driver of the digital barometer market. The advancements in technologies fuel the growth of digital barometers in the market to develop new innovative product types with additional features and greater sensitivity in a compact size with affordability. Today’s digital barometers are popular for a variety of reasons ranging from contemporary styling, advanced features, greater precision, long life, and low-on-pocket nature. These characteristics make digital barometers a great choice for numerous applications in pharmaceutical industries, research laboratories, academic research institutes, and many more.
Apart from laboratories, digital barometers find applications in meteorological departments for weather forecasts. Digital barometers can efficiently tell the short-term expected changes in the climate. Modern-day digital barometers are wall-mounted tablets from digital barometers that come with multi-specialties such as temperature, future forecast, time, etc. Digital barometer display enables easy interpretation of measurements and allows computer storage of the analysis. The electronic format of digital barometers allows multiple scales for precision and sensitivity. Moreover, digital barometers track the atmospheric pressure for every minute.
The challenges associated with the growth of the global digital barometer market are variations in regulatory standards for different regions or countries. In addition, the cheaper cost of normal barometers with the same functionality makes end users not opt for digital barometers creating a restraint in the global expansion of the digital barometer market. However, digital barometer manufacturers are continuously focused on manufacturing digital barometers based on regional standards and are expected to overcome this challenge by the end of the forecast period.
According to Future Market Insights, North America is the most dominating market and holds the largest revenue share, due to the higher presence of research and academic laboratories. Increasing expenditure and funding on biotechnology and research and developmental programs are also a contributor to the domination of North America in the digital barometer market.
As per the FMI analysis, Europe accounts for the second large revenue share in the global digital barometer market, owing to the increasing adoption of digital barometers by end users and higher expenditure on research and development. Moreover, rapid growth is expected in the digital barometer market, due to advances in technology and the establishment of science research groups and laboratories.
Some of the key participants present in the global digital barometer market include Thermo Fisher Scientific, Traceable Products, Meteorologische Instrumente KG, Fotronic Corporation, Shenzhen Handsome Technology Co., Ltd., NovaLynx Corporation, WIKA Alexander Wiegand SE & Co. KG, Ahlborn Mess- und Regelungstechnik GmbH, Aquatech Scientific Instruments LLC and Omegadyne, Inc., and others. Attributed to the presence of such a high number of participants, the market is highly competitive.
| Report Attribute | Details |
|---|---|
| Market Value in 2022 | USD 1.03 Billion |
| Market Value in 2032 | USD 1.46 Billion |
| Growth Rate | CAGR of 3.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Modality, End-Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia and the Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASIAN, Australia and New Zealand, GCC Countries, Turkey, South Africa |
| Key Companies Profiled | Thermo Fisher Scientific; Traceable Products; Shenzhen Handsome Technology Co. Ltd.; NovaLynx Corporation; WIKA Alexander Wiegand SE & Co. KG; Ahlborn Mess- und Regelungstechnik GmbH; Aquatech Scientific Instruments LLC; Omegadyne Inc. |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Modality, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Modality, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by End Users, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by End Users, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Modality, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Modality, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by End Users, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by End Users, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Modality, 2017 to 2032
Table 16: Latin America Market Volume (Units) Forecast by Modality, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by End Users, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by End Users, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Million) Forecast by Modality, 2017 to 2032
Table 22: Europe Market Volume (Units) Forecast by Modality, 2017 to 2032
Table 23: Europe Market Value (US$ Million) Forecast by End Users, 2017 to 2032
Table 24: Europe Market Volume (Units) Forecast by End Users, 2017 to 2032
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: East Asia Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: East Asia Market Value (US$ Million) Forecast by Modality, 2017 to 2032
Table 28: East Asia Market Volume (Units) Forecast by Modality, 2017 to 2032
Table 29: East Asia Market Value (US$ Million) Forecast by End Users, 2017 to 2032
Table 30: East Asia Market Volume (Units) Forecast by End Users, 2017 to 2032
Table 31: South Asia & Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: South Asia & Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 33: South Asia & Pacific Market Value (US$ Million) Forecast by Modality, 2017 to 2032
Table 34: South Asia & Pacific Market Volume (Units) Forecast by Modality, 2017 to 2032
Table 35: South Asia & Pacific Market Value (US$ Million) Forecast by End Users, 2017 to 2032
Table 36: South Asia & Pacific Market Volume (Units) Forecast by End Users, 2017 to 2032
Table 37: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 38: MEA Market Volume (Units) Forecast by Country, 2017 to 2032
Table 39: MEA Market Value (US$ Million) Forecast by Modality, 2017 to 2032
Table 40: MEA Market Volume (Units) Forecast by Modality, 2017 to 2032
Table 41: MEA Market Value (US$ Million) Forecast by End Users, 2017 to 2032
Table 42: MEA Market Volume (Units) Forecast by End Users, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Modality, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by End Users, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Modality, 2017 to 2032
Figure 9: Global Market Volume (Units) Analysis by Modality, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Modality, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Modality, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by End Users, 2017 to 2032
Figure 13: Global Market Volume (Units) Analysis by End Users, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by End Users, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Users, 2022 to 2032
Figure 16: Global Market Attractiveness by Modality, 2022 to 2032
Figure 17: Global Market Attractiveness by End Users, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by Modality, 2022 to 2032
Figure 20: North America Market Value (US$ Million) by End Users, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Million) Analysis by Modality, 2017 to 2032
Figure 27: North America Market Volume (Units) Analysis by Modality, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Modality, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Modality, 2022 to 2032
Figure 30: North America Market Value (US$ Million) Analysis by End Users, 2017 to 2032
Figure 31: North America Market Volume (Units) Analysis by End Users, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by End Users, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Users, 2022 to 2032
Figure 34: North America Market Attractiveness by Modality, 2022 to 2032
Figure 35: North America Market Attractiveness by End Users, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) by Modality, 2022 to 2032
Figure 38: Latin America Market Value (US$ Million) by End Users, 2022 to 2032
Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) Analysis by Modality, 2017 to 2032
Figure 45: Latin America Market Volume (Units) Analysis by Modality, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Modality, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Modality, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by End Users, 2017 to 2032
Figure 49: Latin America Market Volume (Units) Analysis by End Users, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Users, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Users, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Modality, 2022 to 2032
Figure 53: Latin America Market Attractiveness by End Users, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) by Modality, 2022 to 2032
Figure 56: Europe Market Value (US$ Million) by End Users, 2022 to 2032
Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) Analysis by Modality, 2017 to 2032
Figure 63: Europe Market Volume (Units) Analysis by Modality, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Modality, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Modality, 2022 to 2032
Figure 66: Europe Market Value (US$ Million) Analysis by End Users, 2017 to 2032
Figure 67: Europe Market Volume (Units) Analysis by End Users, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by End Users, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End Users, 2022 to 2032
Figure 70: Europe Market Attractiveness by Modality, 2022 to 2032
Figure 71: Europe Market Attractiveness by End Users, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: East Asia Market Value (US$ Million) by Modality, 2022 to 2032
Figure 74: East Asia Market Value (US$ Million) by End Users, 2022 to 2032
Figure 75: East Asia Market Value (US$ Million) by Country, 2022 to 2032
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 77: East Asia Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: East Asia Market Value (US$ Million) Analysis by Modality, 2017 to 2032
Figure 81: East Asia Market Volume (Units) Analysis by Modality, 2017 to 2032
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Modality, 2022 to 2032
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Modality, 2022 to 2032
Figure 84: East Asia Market Value (US$ Million) Analysis by End Users, 2017 to 2032
Figure 85: East Asia Market Volume (Units) Analysis by End Users, 2017 to 2032
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End Users, 2022 to 2032
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End Users, 2022 to 2032
Figure 88: East Asia Market Attractiveness by Modality, 2022 to 2032
Figure 89: East Asia Market Attractiveness by End Users, 2022 to 2032
Figure 90: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 91: South Asia & Pacific Market Value (US$ Million) by Modality, 2022 to 2032
Figure 92: South Asia & Pacific Market Value (US$ Million) by End Users, 2022 to 2032
Figure 93: South Asia & Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 94: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 95: South Asia & Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 96: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: South Asia & Pacific Market Value (US$ Million) Analysis by Modality, 2017 to 2032
Figure 99: South Asia & Pacific Market Volume (Units) Analysis by Modality, 2017 to 2032
Figure 100: South Asia & Pacific Market Value Share (%) and BPS Analysis by Modality, 2022 to 2032
Figure 101: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Modality, 2022 to 2032
Figure 102: South Asia & Pacific Market Value (US$ Million) Analysis by End Users, 2017 to 2032
Figure 103: South Asia & Pacific Market Volume (Units) Analysis by End Users, 2017 to 2032
Figure 104: South Asia & Pacific Market Value Share (%) and BPS Analysis by End Users, 2022 to 2032
Figure 105: South Asia & Pacific Market Y-o-Y Growth (%) Projections by End Users, 2022 to 2032
Figure 106: South Asia & Pacific Market Attractiveness by Modality, 2022 to 2032
Figure 107: South Asia & Pacific Market Attractiveness by End Users, 2022 to 2032
Figure 108: South Asia & Pacific Market Attractiveness by Country, 2022 to 2032
Figure 109: MEA Market Value (US$ Million) by Modality, 2022 to 2032
Figure 110: MEA Market Value (US$ Million) by End Users, 2022 to 2032
Figure 111: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 112: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 113: MEA Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 114: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 115: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 116: MEA Market Value (US$ Million) Analysis by Modality, 2017 to 2032
Figure 117: MEA Market Volume (Units) Analysis by Modality, 2017 to 2032
Figure 118: MEA Market Value Share (%) and BPS Analysis by Modality, 2022 to 2032
Figure 119: MEA Market Y-o-Y Growth (%) Projections by Modality, 2022 to 2032
Figure 120: MEA Market Value (US$ Million) Analysis by End Users, 2017 to 2032
Figure 121: MEA Market Volume (Units) Analysis by End Users, 2017 to 2032
Figure 122: MEA Market Value Share (%) and BPS Analysis by End Users, 2022 to 2032
Figure 123: MEA Market Y-o-Y Growth (%) Projections by End Users, 2022 to 2032
Figure 124: MEA Market Attractiveness by Modality, 2022 to 2032
Figure 125: MEA Market Attractiveness by End Users, 2022 to 2032
Figure 126: MEA Market Attractiveness by Country, 2022 to 2032
FMI projects the global digital barometer market to expand at a 3.5% value CAGR by 2032
North America is expected to be the most opportunistic digital barometer market.
Thermo Fisher Scientific, Traceable Products, and Meteorologische Instrumente KG are some prominent digital barometer manufacturers.
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Digital Barometer Market
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