Digital Vacuum Gauge Market | Contrive Datum Insights

Market Overview:

The Global Digital Vacuum Gauge Market Was Valued At USD 3.31 Billion In 2022 And USD 4.97 Billion By 2030 With CAGR Of 5.2% During The Forecast Period From 2022 To 2030.\
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A vacuum gauge is a pressure-measuring tool that can be found in vacuum lines or directly attached to a vacuum chamber. It measures the pressure in a vacuum. It is made to measure pressures that are less than the pressure of the air. There are many different kinds of vacuum gauges, and each one is made to do a certain job over a certain range of vacuum pressure.

Vacuum gauges are divided into different types based on the vacuum range they are used to measure. They are mostly used in science and process application engineering. Mechanical gauges, Absolute pressure gauges, Thermocouples or Pirani gauges, and Ionization gauges (hot and cold cathode) are all types of gauges that can measure pressure from 10-3 torr to 10-9 torr.

Market Dynamics:

Market Trends:

• Increasing Adoption of IoT and Connectivity

Digital vacuum gauges are getting more and more Internet of Things (IoT) features that let them connect to networks and send data. This lets vacuum systems be remotely monitored, their data analyzed in real time, and their control improved. Integration of the Internet of Things (IoT) gives valuable information about system performance, predictive maintenance, and optimization, which leads to more efficient operations.

• Advanced Features and Functionality

Digital vacuum gauges are getting better and better, with more features and better ways to use them. Manufacturers are adding features like data logging, trend analysis, alarm systems, and settings that can be changed to meet the needs of different applications. Some digital gauges also have built-in diagnostics and self-calibration tools that make them easier to use and more accurate.

Driving Factors:

• Growing Demand in the Automotive Industry

Pressure sensors are becoming more popular, and this trend is expected to continue during the projection period. This boosts the market share and growth of car companies. Pressure sensors are the main parts that cut down on fuel use and emissions to clean up the air. Pressure sensors are also used in cars, such as in tire pressure monitoring systems (TPMS), advanced driver assistance systems (ADAS), and manifold absolute pressure sensors (MAPS), which all help keep passengers safe in different ways. They also help with airbag deployment, throttle position, weight, and figuring out how many people are in the car.

• High Use of Pressure Sensors in Consumer Electronics

High-frequency RF-MEMS pressure sensors are used in consumer electronics like tablets, wearable tech, and smartphones to make sure they work accurately. The consumer electronics industry expects more people to use smartphones. Pressure sensors can be built into consumer devices in different ways to make them more convenient, help with navigation, and make the interface easier to use. The growth of the market for smartphones and tablets is one of the main things that drives the MEMS pressure sensor industry. Another important application that is picking up speed is the growth of wearable gadgets, which is happening because they are getting a bigger share of the market.

• Stringent Regulations for Automotive

Government rules have a big impact on the growth of the market for pressure sensors, especially in the auto industry. The Transportation Recall Enhancement, Accountability, and Documentation Act (TREAD) in the US requires that all vehicles have a tire pressure monitoring system (TPMS). TPMS sensors check the air pressure and temperature of the tires and let the driver know within 20 minutes if the tires are too low on air. The US government also requires that all commercial vehicles have pressure sensors built into the passenger airbags and side airbags. This is what is driving the market.

In the same way, European Union rules say that all new passenger car models (M1) must have a TPMS. So, growing worries about the safety of people and vehicles on the road should help the market grow. The European Union passed a law on zero-emissions vehicles to reduce the amount of CO2 in the air. According to the law, passenger vehicles and freight vehicles that weigh less than 3.5 tons must release less than 50 g of CO2 per km. This is making it easier for people in the Americas, Europe, and the Asia-Pacific (APAC) to buy electric cars, which is good for the automotive pressure sensor market. EV-Volumes says that in the first two quarters of 2021, a total of 2.65 million electric cars were bought (Q1 and Q2 2021). Compared to the first half of 2020, the number of purchases went up by about 168%. Growth rates for EV sales are three to eight times higher than growth rates for the total light vehicle market. The growth of the pressure sensor market should be helped by the rise in production and sales of electric vehicles.

Restraints/Challenges:

• Significant Pricing Pressure

Even though pressure sensors are used a lot in automated intelligent controls and wearable electronics, which leads to more of them being shipped, price erosion slows down sales growth by a lot. This is partly because there is a lot of competition among the growing number of companies that make pressure sensors. This makes it easy for new portable, consumer, and Internet of Things (IoT) applications to be made quickly. Several companies are focusing their research and development on making low-cost pressure sensors like MEMS-based pressure sensors, IO-link compatible sensors, and wireless sensors. Manufacturers have to lower the prices of pressure sensors because high-volume applications put price pressure on them. This price drop not only makes it harder for the market for pressure sensors, which is very competitive, to bring in more money, but it also hurts suppliers' profit margins.

Because of improvements in Information and Communication Technologies (ICT), pressure transmitters are now used in most places where pressure transducers used to be. Also, the price difference between transmitters and transducers has been getting smaller, which makes it more appealing to choose transmitters over transducers.

• Decline in Demand from the Oil & Gas Industry due to the COVID-19 Pandemic

During this pandemic, the oil and gas industry has lost money. The crisis has had a big effect on the services part of the global economy, which is where this industry is found. Most oil and gas activities depend on how materials are managed, how the supply chain works, how workers are managed, and other economic factors. So, problems with the logistics of the supply chain, fewer workers, and a lack of materials slowed the growth of the oil and gas sector. Because of the pandemic, both ongoing projects and new ones had to be put on hold. Since 2019, crude oil prices have dropped a lot because there is less demand for fossil fuel products around the world. During this time, the number of people went down by about 60%. This drop in oil prices has also caused a drop of one-third in the price of natural gas since 2019. The International Energy Agency predicted that the income of the most important oil and gas producers would drop by 50–85% from 2019 to 2020.

In the oil and gas business, pressure sensors are used to measure pressure. They are also used to measure the flow of liquids and gases, to control HVAC systems, and to control power. For safe and efficient operation, gas pressure sensors are needed to measure and report the pressure of the gas in the gas pipeline. During the pandemic, both the production of oil and gas and the demand for it went down. This meant that there was less need for pressure sensors. Because of this, sales of pressure sensors went down during the pandemic. For example, Honeywell International Inc. has a lot of clients in the oil and gas industry. The drop in international travel led to an oversupply of oil and gas, which hurt their market. So, the company's income was less in 2020 than it was in 2019. But the market is expected to get better in 2021 and 2022, and demand for pressure sensors is expected to rise during that time.

Opportunities:

• Incorporation of the Internet of Things (IoT)

In today's IT-driven world, people are drawn to services and solutions that use automation. IoT-based gadgets get more attention because they can do new and interesting things. IoT is a technology that makes it possible for almost all applications, like those in cars, buildings, microwaves, refrigerators, and smartphones, to connect to the internet or work together over the internet. Using electronic software, sensors, and actuators, it links all of these parts to a single network. It also has a number of sensors for touch, distance, pressure, and temperature.

IoT-based devices make it easier for machines to talk to each other and for people to talk to computers. Users can also use these tools to help collect and send electronic data. Smart sensors are put on bridges in the infrastructure sector to tell about cracks, tension, and warping. Also, these sensors tell the car coming up behind them what the weather is like and send information over the Internet. In the electronics industry, these smart sensors are used in power networks to track how much electricity is being used.

• Growing Demand for High-precision Measurements

Many industries, like making semiconductors, aerospace, and pharmaceuticals, need to measure vacuums very accurately and precisely. As the need for quality control and process optimization grows, digital vacuum gauge manufacturers have more chances to make and sell gauges that are even more accurate and precise.

Strategic Development:

• In May of 2021 - BD SENSORS GmbH released the DS5 electronic pressure switch. It was made for use in mobile hydraulics and helps keep machines like cranes, excavators, and harvesters safe to use.
• In June 2021 - The Finnish company UPM, which works in the forest industry, chose Emerson Electric Co. as the main instrumentation supplier for its new eucalyptus pulp mill being built in central Uruguay. Emerson Electric Co.'s advanced measuring instruments, gas analytical solutions, and high-pressure control valves will be used to monitor and control the production process. This will make the plant run more efficiently and reliably, improve safety and environmental sustainability, and cut down on operating costs.
• In September 2020 - Sensata Technologies, Inc. put out hermetic pressure sensors with mid- and high-pressure ranges for industrial use. The sensor is made with micro silicon strain gauge technology that is the best in the auto industry. The sensor has a number of unique qualities, such as high accuracy, burst strength, and shock and vibration performance. This makes it a reliable and strong solution for customers who need to measure things that are hard to measure.
• In March 2020 - ABB opened a distribution center in Arizona, US, to expand its presence in the western US. The center sells all of the electrical products that the company makes.
• In May of 2019 - Emerson Electric Co. released a new product from the Rosemount pressure transmitters series called "Pressure-Lock Valve design." The pressure at the transmitter is turned off or made the same by the manifolds. It also has the important mounting parts that many installations need. Rosemount's R305 Integral Manifolds and R306 In-line Manifolds are made to improve these basic functions in a big way for the user.
• In August 2022 - Positek released a new subsea pressure transmitter that can be used at sea, offshore, and underwater. Positek Limited has made a new pressure transmitter that can measure the pressure of gas and liquid in instruments and equipment used in maritime and offshore applications that are submerged.
• In August 2022 - NewTek Old displacement sensors are being replaced by modern LVDTs because they are sometimes too big for applications with limited space and have a lot of electrical requirements that waste energy and cause them to use a lot of power.

Key Vendors:

Top market players are

• Edwards

Edward D. Jones & Co., L.P., which does business as Edward Jones, helps people buy and sell stocks and gives investment advice. The company offers services like managing wealth, planning for retirement, giving financial advice, and analyzing a portfolio.

• Ilmvac

In the middle of Germany, in Ilmenau, is where ILMVAC makes things. The area has a long history of new ideas in scientific research and making tools, and ILMVAC has been a part of that for a long time.

• Pfeiffer vacuum

Pfeiffer Vacuum is one of the most important companies in the world when it comes to creating, making, and selling vacuum solutions. With the invention of the turbopump in 1956, the company changed vacuum technology forever. Since then, the name of the company has been a synonym for innovative vacuum technology.

• Thyracont vacuum instruments

Thyracont designs and makes vacuum gauges, which are then sold to some of the biggest companies that make vacuum pumps and vacuum process plants.

• Inficon

INFICON is a leading provider of innovative instrumentation, critical sensor technologies, and Smart Manufacturing/Industry 4.0 software solutions that improve the quality and productivity of tools, processes, and whole factories.

• Mks instruments

MKS Instruments Inc. (MKS) makes and sells subsystems, instruments, and solutions for controlling the flow of a process. The company's products and services include capacitance manometers, mass flow controllers and meters, vacuum gauges, heater jackets, process automation controllers, foreline process traps

• Nor-cal products

Nor-Cal Products Inc. makes parts for vacuum cleaners that are made of stainless steel. Some of the things that the company makes are flanges, fittings, valves, vacuum chambers, thermal products, and other parts.

• Oerlikon leybold vacuum

Leybold GmbH makes systems for making vacuums and getting process gases out. The company sells vacuum pumps, systems, gauges, instruments for finding leaks, flanges, greases, fittings, valves, and other parts that go with them.

• Vacuubrand

VACUUBRAND makes high-performance vacuum pumps for use in laboratories for teaching and research, in instrumentation, and in industrial settings. We are experts in whisper-quiet, oil-free diaphragm pumps and integrated pumping systems for both standard duty applications and the corrosive applications found in many chemistry and life-science laboratories.

Segmentation Analysis:

The market is segmented on the basis of type, technology, application and region.

By Type Outlook:

Based on the technology, the global market is divided into piezoresistive, electromagnetic, capacitive, deep solid state, optical, and other markets.

The piezoresistive segment has the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 7.60% during the forecast period. The piezoresistive strain gauge is one of the most common types of pressure sensors. This way of measuring pressure makes use of the fact that when a material is stretched, its electrical resistance changes. This sensor technology is good for many uses because it is easy to use and lasts for a long time. This technology is used to measure absolute, relative, and differential pressures in applications with high and low pressures. This technology is not good for systems that are portable or run on batteries. The market is growing because piezoresistive sensors are being used in more and more industries. The market share of the top manufacturers is growing because of applications in biomedicine, cars, and home appliances.

An electromagnetic pressure sensor is the most common type of pressure sensor made out of stainless steel. Low-temperature vapor deposition is used to make the diaphragm. Electromagnetic pressure sensors are being used more and more in industrial settings to improve the efficiency of machinery. Non-destructive evaluation methods, like electromagnetic sensors, are often used to check the health of infrastructure and find damage.

• Absolute Pressure Sensor
• Gauge Pressure Sensor
• Differential Pressure Sensor

By Technology:

Based on the technology, the global market is divided into piezoresistive Based on the technology, the global market is divided into piezoresistive, electromagnetic, capacitive, deep solid state, optical, and other markets.

The piezoresistive segment has the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 7.60% during the forecast period. The piezoresistive strain gauge is one of the most common types of pressure sensors. This way of measuring pressure makes use of the fact that when a material is stretched, its electrical resistance changes. This sensor technology is good for many uses because it is easy to use and lasts for a long time. This technology is used to measure absolute, relative, and differential pressures in applications with high and low pressures. This technology is not good for systems that are portable or run on batteries. The market is growing because piezoresistive sensors are being used in more and more industries. The market share of the top manufacturers is growing because of applications in biomedicine, cars, and home appliances.

An electromagnetic pressure sensor is the most common type of pressure sensor made out of stainless steel. Low-temperature vapor deposition is used to make the diaphragm. Electromagnetic pressure sensors are being used more and more in industrial settings to improve the efficiency of machinery. Infrastructure health monitoring and damage detection often use non-destructive evaluation technologies like electromagnetic sensors. Other non-destructive evaluation technologies include capacitive, deep solid state, optical, and others.

The piezoresistive segment has the largest market share and is expected to grow at a compound annual growth rate (CAGR) of 7.60% during the forecast period. The piezoresistive strain gauge is one of the most common types of pressure sensors. This way of measuring pressure makes use of the fact that when a material is stretched, its electrical resistance changes. This sensor technology is good for many uses because it is easy to use and lasts for a long time. This technology is used to measure absolute, relative, and differential pressures in applications with high and low pressures. This technology is not good for systems that are portable or run on batteries. The market is growing because piezoresistive sensors are being used in more and more industries. The market share of the top manufacturers is growing because of applications in biomedicine, cars, and home appliances.

An electromagnetic pressure sensor is the most common type of pressure sensor made out of stainless steel. Low-temperature vapor deposition is used to make the diaphragm. Electromagnetic pressure sensors are being used more and more in industrial settings to improve the efficiency of machinery. Non-destructive evaluation methods, like electromagnetic sensors, are often used to check the health of infrastructure and find damage.

• Piezoresistive
• Electromagnetic
• Capacitive
• Resonant Solid State
• Optical
• Others

By Application Outlook:

The global market is divided into automotive, oil and gas, consumer electronics, medical, industrial, and other applications.

The automotive segment is the market's biggest driver, and it is expected to grow at a CAGR of 10.80% over the next five years. Some of the sensors used in the auto industry are found in self-driving cars and other top-of-the-line luxury vehicles to make them easier to use and set up automatically. Audi, BMW, and Volkswagen all increase their R&D budgets every year to stay ahead of the competition. These companies that make cars are adding more sensors to their cars to make the workplaces more comfortable and to increase the amount of automation.

Electronics companies tend to add more sensors to their products to improve the user interface as a whole and stay competitive in a market that is very competitive. There are many electronic products, such as smartphones, laptops, digital cameras, and digital recorders. Pressure sensors are being used more and more in consumer electronics. This is because there is a lot of competition in the industry and companies are trying to improve things like digital recorders, smartphones, and laptops. The demand for pressure has grown a lot in the consumer electronics market. Pressure sensors like these are used in a wide range of consumer electronics, like smartphones, wearable tech, and tablets, to do different tasks accurately.

• Automotive
• Oil and Gas
• Consumer Electronics
• Medical
• Industrial
• Others

Regional Insights:

The global Digital Vacuum Gauge market has been looked at in different parts of the world, like North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be led by the global Digital Vacuum Gauge region.
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In 2019, North America is expected to have a huge 42% share of the market. This will be followed by Europe and Asia Pacific. Growth in these areas is mostly due to things like more research and development (R&D) and investments in new technologies, as well as more demand from end-use industries like coating and printing, space simulation, and vacuum drying/heat treatment.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The report also gives information about the latest industry, share, growth, trends, research, overview, and liquid ring vacuum pump market trends.
• It also looks at how technologies are being used around the world at a fast pace.
• It also talks about some of the things that help the market grow and things that slow it down.
• The report also has an overview and an analysis of the industry.