The pressure gauge market is a huge industry. What this means is that there are a lot of technological advancements being made in the industry, with more than 100 companies globally getting involved in different technologies. Companies and specialists are integrating their respective sensors across a wide range of applications that vary in scale, ensuring possibly endangered companies remain afloat in this large global market. This report will state the major areas responsible for the demand for Miljoco pressure gauges and other growth-related stats.

Healthcare Segment Witnesses the Highest Growth

Digital pressure gauges belong to several industries but their demand in the healthcare segment seems to be the highest. Medical equipment like ventilators and oxygen cylinders need an analog or digital pressure gauge. They provide accurate readings when it comes to measuring pressure in situ, during various clinical conditions. When a patient is going through issues like heart failure, compartment syndrome, and even goes through brain surgery, doctors use Miljoco low-pressure gauges for the treatment. Pressure gauges are also used in the medical sector to measure the level and flow of oxygen that a patient needs. As we all are aware of the need for oxygen cylinders during COVID times, the need for pressure gauges seems inevitable.

Asia-Pacific Region Dominates The Market

The Asia-Pacific region contributes mainly to the market growth and is expected to witness the highest demand in the future as well. A huge number of manufacturing and industrial sectors in the countries belonging to this region is the main reason for it. China, India, Japan, and South Korea are the main counties that must be mentioned when it comes to the usage of pressure gauges. These countries not only have an umpteen number of healthcare facilities, next-generation information technology (IT) and telecommunications, and automotive industries as well.

The global pressure gauge market is segmented based on product, application, and region. The market is segmented in terms of point-of-sale (POS) and digital. The point of sale (POS) segment accounts for a major share of the global pressure gauge industry market. Demand for POS will register the highest CAGR over the forecast period, while demand for digital will register a high growth rate over the forecast period. The gas segment further accounted for a significant share in the global pressure gauge industry market revenue in 2014.

If you need to buy top-quality pressure gauges, you should consult an expert like DAS Services, Inc.Their three decades of experience as a leading provider of small factory automation and robotic components make them better than any other provider in the US. Their products include pressure gauges, vacuum accessories, air fitting, and other items manufactured by renowned brands like Miljoco USA.

Contact Details

DAS Services, Inc.

19751 Figueroa St. Carson, CA 90745-1004
United States

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https://www.dasservicesinc.com/