Global Digital Barometer Market

Global Digital Barometer Market Size

Global Digital Barometer Market size was USD 1 billion in 2021 and projected to grow from USD 1.1 billion in 2023 to USD 1.5 billion by 2032, exhibiting a CAGR of 3.6% during the forecast period.

Digital barometer is device which is used to calculate the atmospheric pressure and it usually contains portable, small, battery-operated sensor connected to digital display.  The capability to produce real-time data related to weather conditions is the main objective of digital barometers which can aid people in preparing in certain hazardous conditions. Certain features like modern styling, long life, good precision and availability at low cost are making digital barometers popular.

Market Highlights

Global Digital Barometer Market is expected to project a CAGR of 3.6% during the forecast period, 2022-2032

Global Digital Barometer Market is expected to reach USD 1.5 billion, growing at a CAGR of 3.6% during forecast period owing to the advancements in digital barometer technologies which is expected to drive the demand for digital barometer market. Increasing research activities in laboratories and meteorological departments utilizing the hand-held digital barometers may drive market growth. Wall-mounted digital barometers include several advanced features which aid in monitoring the atmospheric pressure.

Global Digital Barometer Market Segmentation

Pharmaceutical Companies segment is expected to grow during forecast period

Global Digital Barometer Market is classified based on the End User into Pharmaceutical Companies, Research Laboratories, Meteorological Departments, Academic Institutes, Oil & Gas Industries, Winery and Breweries, Aviation, Transportation, Others. Meteorological Departments segment dominated the market on 2021 due to the necessity of measuring atmospheric pressure by the department which resulted in market growth. Pharmaceutical Companies segment is anticipated to dominate the market over the forecast period owing to the improvisation of manufacturing processes by including automation technology like robotics which may drive market growth.

Hand-held segment is expected to grow with high CAGR during the forecast period

Global Digital Barometer Market is classified based on the Modality into Hand-held, Wall-mounted, Table-top. Wall-mounted segment dominated the market in 2021 due to the advantage of these barometers which can be mounted on walls or windows and making them convenient for measuring the atmospheric pressure values. Hand-held segment is expected to dominate the market in the forecast period owing to the presence of several benefits like portability, ability to present real-time readings and budget friendly nature which are anticipated to drive the growth of segment in the market.

Market Dynamics

Growth Drivers

Growing Demand for Predicting Weather is Expected to Boost the Market Growth

The demand for weather forecasting is increasing from several industries like transportation, aviation, agriculture etc. and this is resulting in the increased demand for digital barometers. Growing requirement for precise and timely weather information is expected to create demand for the growth of digital barometers, which are crucial for calculating the atmospheric pressure and forecasting the weather patterns. Advancements in technology related to sensors have resulted in evolution of exact and dependable digital barometers and had led to developments in miniaturization, resolution and sensitivity of sensors, thereby improving the performance of digital barometer.

Increasing Requirement for Electronics is Expected to Boost the Market Growth

The demand and necessity for consumer electronics including weather monitoring features is growing. Digital barometers are being combined to smart home systems and Internet of Things devices which permit the users to observe and regulate atmospheric pressure by receiving real-time data on weather conditions via the devices connected, improving the ease and permitting the data-driven decision-making. Digital barometers are included into wearables, smartphones, and other devices to access information about atmospheric pressure and actual weather data.

Restraint

Lack of Awareness May Restrain the Growth of the Market

The minimal awareness on digital barometers and lack of understanding related to the advantages and applications associated with digital barometers is anticipated to restrain the growth of the market. Certain digital barometers have limitations in extreme environmental conditions which results in the performance of digital barometers and may hamper market growth.

Recent Developments

• Omega Engineering is into the development of digital barometers for scientific & industrial applications to assure the authenticity and accuracy of digital barometers.
• Ametek, Inc, the manufacturer of electromechanical devices and electronic instruments are introducing of digital barometers with improved measurement capabilities, compatibility with several industrial protocols and enhanced display interfaces.

Global Digital Barometer Market

Key Players Covered:

• Dwyer Instruments, Inc.
• Omega Engineering, Inc.
• Ametek, Inc.
• Met One Instruments, Inc.
• TSI Incorporated
• KIMO Instruments
• Fluke Corporation
• Setra Systems, Inc.
• Vaisala Corporation
• Testo SE & Co. KGaA
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Global Digital Barometer Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the market in 2021 and is expected to continue its dominance over the forecast period due to the presence of several research laboratories in this region. The growing funding and expenditure on research and development activities along with the biotechnology is anticipated to drive the demand for growth of digital barometer market in this region during the forecast period.

Impact of Covid-19 on Global Digital Barometer Market

The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed travel restrictions and lockdown measures to control the spread of virus. COVID-19 had resulted in increased curiosity in weather monitoring due to the people spending most of the time in outdoor activities nearby home which created demand for portable digital barometers. The focus on monitoring indoor air quality to prevent the spread of virus had increased. Covid-19 had a positive impact on the growth of the Global Digital Barometer market.

Global Digital Barometer Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

Global Digital Barometer Market Scope and Segments:

Frequently Asked Questions (FAQ):