Qatar Pressure Gauge Market Outlook
According to a new report by Expert Market Research titled “Qatar Pressure Gauge Market Size, Share, Analysis, Growth, Demand, Forecast 2023-2028″, the Qatar pressure gauge market is expected to grow at a CAGR of 4.20% between 2023 and 2028. Aided by the escalating demand from various industries such as oil and gas, construction, and manufacturing and the creation of corrosion-resistant pressure gauges, the market is expected to grow significantly by 2028.
Pressure gauges, instruments used for measuring the pressure of liquids and gases, are an essential component in various industrial applications. They contribute to maintaining optimal operational conditions and ensuring safety standards in different sectors, including oil and gas, water treatment, manufacturing, and HVAC, among others. Pressure gauges are employed in drilling operations, processing plants, and transportation, where they are used for monitoring pressure levels and preventing potential leaks or failures.
The Qatar pressure gauge market growth trajectory is deeply intertwined with the flourishing oil and gas industry in the country. Qatar, being one of the top global LNG (Liquefied Natural Gas) exporters, witnesses substantial demand for pressure gauges in its oil and gas sector. The continuous expansion and modernisation of the oil and gas sector, therefore, are expected to provide a significant boost to the pressure gauge market in Qatar.
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Further, the burgeoning construction industry in Qatar is another significant contributor to the Qatar pressure gauge market expansion. Pressure gauges are used in several construction-related applications, including plumbing and HVAC systems, to ensure the correct pressure levels are maintained. With the rapid infrastructural development taking place in preparation for major international events like the FIFA World Cup 2022, the demand for pressure gauges has seen a substantial upturn.
Moreover, the increasing awareness regarding the importance of water management and conservation has accelerated the use of pressure gauges in the water treatment sector. They are extensively utilised to regulate pressure in filtration systems, pumping stations, and distribution systems, thus propelling the Qatar pressure gauge market demand. As Qatar is among the countries with the highest per capita water consumption and faces water scarcity challenges, efficient water management is critical. Thus, the demand for pressure gauges in this sector is poised for considerable growth.
Simultaneously, the industrial manufacturing sector also offers substantial market potential. Pressure gauges are widely used in manufacturing processes, ranging from food and beverage production to automobile manufacturing, for monitoring and controlling operational pressure levels. As the Qatari government focuses on diversifying the economy and bolstering the manufacturing sector, the Qatar pressure gauge market is set to benefit.
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Qatar Pressure Gauge Market Segmentation
The market can be divided based on output type, product type, pressure range, and application.
Market Breakup by Output Type
Market Breakup by Product Type
- ABS Case
- Aluminium Front Flange Case
- Stainless Steel Capsule Type
Market Breakup by Pressure Range
Market Breakup by Application
- Oil and Gas
- Chemical and Petrochemicals
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Qatar pressure gauge companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc.
- Emerson Electric Co.
- AMETEK Inc.
- Kleev Middle East
- Ningbao Jansen
- Crane Co.
- PI Controls Middle East
- Advance Measuring Industrial Instruments Company
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