The global manometers market is estimated to exhibit growth at a CAGR of around 15% to 16% during the forecast period 2022-2032. Growing demand for pressure measuring instruments across diverse industries and increasing emphasis on the development and introduction of novel portable measuring devices is expected to augment the sales of manometers in the global market.
| Report Attribute | Details |
| Manometers Market Projected Growth Rate (2022-2032) | 15% to 16% CAGR |
Manometers are devices used for measuring and determining the pressure at single as well as at multiple points. A traditional simple manometer consists of a U-shaped tube made of plastic or glass with some gas or liquid in it. These devices are finding a wide range of applications across multiple industries such as healthcare, manufacturing, construction, and others.
Demand for manometers is increasing at a rapid pace across heating, ventilation, and air conditioning (HVAC), as well as pneumatic and low-pressure gas systems. Manometers are extensively used to measure air pressure using U-shaped tube container which is opened at one or both ends depending upon the application. Hence, ongoing expansion of the HVAC industry and growing adoption of air pressure measuring instruments are projected to facilitate the growth in the market.
In addition to this, key players in the market are emphasizing on investing in development of novel application-specific and easy-to-use measuring devices, and incorporating innovative features to cater to the surging demand.
For instance, Dwyer Instruments, Inc., an American manufacturer of precision pressure measuring instruments announced introducing a novel handheld battery-operated device, LDPM Digital Differential Pressure Manometer capable of measuring up to 55.4 w.c. and 11 common metric pressure units. A multiplicity of such new products development and launches are projected to favor the growth in the manometer market over the forthcoming years.
With surging trend of industrialization and increasing sales of automotive vehicles, a substantial rise in demand for petroleum derivatives such as gasoline, diesel, compressed natural gas (CNG), and others is being witnessed across the world.
Hence, governments in numerous countries are increasingly focusing on launching novel oil & gas exploration activities and undertaking several initiatives for expanding the production of petroleum products. For instance, the Indian Government announced investing around US$ 2,860 Million in the upstream oil & gas sector to drill more than 120 oil exploration well and double the production of natural gas by the end of 2022, according to a report by the India Brand Equity Foundation.
Manometers play a significant role in the oil & gas industry for processes including downstream processing and upstream oil & gas extraction to measure and determine air and liquid pressure. Thus, growing number of such initiatives and new oil productivity expansion projects across the countries such as the U.S., China., Saudi Arabia, and others are estimated to create lucrative opportunities for growth in the global market.
Although there are several advantages associated with the use of manometers, poor dynamic response, large and bulky size, frequent need for leveling, smaller operating range, and high chances of error due to condensation are some of the factors hindering the sales in the market.
In addition to this, introduction of novel digital air pressure measuring instruments and shift in customer preference towards miniaturized devices are hampering the demand for conventional analog and U-Tube manometers in the global market.
As per Future Market Insights, North America is estimated to account for the lion’s share in the global manometers market between 2022 and 2032.
Initially, manometers were only used in the healthcare sector. But, increasing technological advancement and growing multi-purpose functionality of novel manometers have made them highly popular across industries such as oil & gas, HVAC, and chemical. This has resulted in creating strong revenue generation opportunities for the market players.
Hence, leading manufacturers in the market are focusing on introducing novel products with advanced features and technologies to capitalize on the existing opportunities.
For instance, KELLER AMERICA INC., a U.S.-based measurement instrument manufacturer announced unveiling its novel digital manometer with innovative features such as a max/min display, a selectable unit for determining water pressure, oil pressure, and fuel pressure, and a 6 kHz scan rate for data recording & transient capture. Such new product launches are anticipated to bolster the sales in the North America market.
FMI states that Asia Pacific excluding Japan is expected to project rapid growth in the global manometers market during the forecast period 2022-2032.
A swift rise in burden of lifestyles diseases such as obesity, high blood pressure, and others is being witnessed across Asia Pacific, due to increasing fast-paced lifestyles and changing eating habits, fueling the demand for blood pressure diagnosis equipments.
According to the National Family Health Survey, high blood pressure is emerging as one of the leading causes of death in India. As per the survey, nearly one in eight people or around 207 million Indians are suffering from high blood pressure issues across the country. As manometers are extensively used across the healthcare industry for measuring blood pressure in patients, growing burden of high blood pressure is projected to propel the demand in the Asia Pacific excluding Japan market.
Some of the leading players in the manometers market are Yokogawa Test & Measurement Corporation, Setra Systems, Inc., Flowtech Measuring Instruments Private Limited, Dwyer Instruments, Inc., OMEGA Engineering, Inc., Universal Enterprises, Inc., General Tools & Instruments LLC., PCE Deutschland GmbH, Fieldpiece Instruments, Inc., Keller America Inc., and RadonAway Inc.
Key players in the global market are focusing at launching high performance products with innovative features to gain edge in the highly competitive market
| Report Attribute | Details |
| Growth Rate | CAGR of 15% to 16% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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FMI projects the demand for manometers market to expand at around 15% to 16% value CAGR over the forecast period 2022-2032
The manometers market is dominated by North America, and this trend is projected to continue for the assessment period.
Yokogawa Test & Measurement Corporation, Setra Systems, Inc., Flowtech Measuring Instruments Private Limited, Dwyer Instruments, Inc., OMEGA Engineering, Inc., Universal Enterprises, Inc., General Tools & Instruments LLC., PCE Deutschland GmbH, Fieldpiece Instruments, Inc., Keller America Inc., and RadonAway Inc. and others are some prominent manometers manufacturer.
Manometers Market
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