Global Digital Barometer Market demand is expected to be valued at US$ 1.03 billion in 2022, rising at a 3.5% CAGR to US$ 1.46 billion from 2022 to 2032. Digital barometers measure barometric pressure, or atmospheric pressure, and display the results in electronic format. Although barometers have been around for centuries, advanced digital barometers have seen a slew of improvements in terms of features, accuracy, and compactness.
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Today’s digital barometers are popular for a variety of reasons, including modern styling, advanced features, greater precision, long life, and low cost. These features make digital barometers an excellent choice for a wide range of applications including pharmaceutical industries, research laboratories, academic research institutes, and many more.
Aside from laboratories, digital barometers are used in meteorological departments for weather forecasting. Digital barometers are effective at forecasting short-term climate changes. Modern digital barometers are wall-mounted tablet-style digital barometers with multiple functions such as temperature, forecast, time, and so on.
The display of digital barometers allows for easy interpretation of measurements and computer storage of the analysis. The electronic format of digital barometers allows for multiple precision and sensitivity scales. Furthermore, the digital barometers record the atmospheric pressure every minute.
Digital Barometer Market: Market Dynamics
The preservation of specific atmospheric conditions is critical in research laboratories, pharmaceutical manufacturing, and research and laboratory sites. The growing demand for biotechnology and drug development drives the expansion of research institutes and pharmaceutical companies.
This is regarded as a significant driver of the digital barometer market. Technological advancements fuel the market growth of digital barometers to develop new innovative product types with additional features and greater sensitivity in a compact size with affordability. However, the lower cost of standard barometers with the same functionality causes end users to avoid digital barometers, limiting the global expansion of the digital barometer market.
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Digital Barometer Market: Overview
Advances in digital barometer technology have significantly boosted the digital barometer market. The digital barometer market is segmented by modality into hand-held digital barometers, table-top digital barometers, and wall-mounted digital barometers.
Because of their widespread use in research laboratories and meteorological departments, hand-held digital barometers are expected to generate the most revenue. However, due to the incorporation of various advanced features, wall-mounted digital barometers are expected to grow at the fastest CAGR during the forecast period.
The digital barometer market is classified by end user into pharmaceutical companies, research laboratories, academic research institutes, winery and breweries, oil and gas industries, CMOs, and meteorological departments.
Meteorological departments and research laboratories are expected to account for the largest market share in terms of revenue during the forecast period, owing to an increase in the number of research laboratories and higher adoption by them.
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Digital Barometer Market: Region-wise Outlook
Geographically, the digital barometer market is divided into seven regions: North America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan (APEJ), Japan, the Middle East and Africa, and Latin America.
Because of the greater presence of research and academic laboratories, North America is the most dominant market and holds the largest revenue share. Increased spending and funding on biotechnology and research and development programmes also contribute to North America’s dominance in the digital barometer market.
Europe has the second largest revenue share in the global digital barometer market, owing to increased end-user adoption of digital barometers and increased R&D spending. Due to technological advancements and the establishment of science research groups and laboratories, Asia Pacific is expected to experience rapid growth in the digital barometer market.
Because of the presence of several local manufacturers, China is expected to grow significantly. Due to low end-user demand, the digital barometer market in Latin America and the Middle East and Africa is expected to grow slowly over the forecast years.
Key Segments Profiled in the Digital Barometer Industry Survey
Digital Barometer Market by Modality:
- Hand-held Digital Barometer
- Table-top Digital Barometer
- Wall-mounted Digital Barometer
Digital Barometer Market by End Users:
- Digital Barometers for Pharmaceutical Companies
- Digital Barometers for Research Laboratories
- Digital Barometers for Academic Research Institutes
- Digital Barometers for Winery and Breweries
- Digital Barometers for Oil & Gas Industries
- Digital Barometers for CMOs
- Digital Barometers for Meteorological Departments
Digital Barometer Market by Region:
- North America Digital Barometer Market
- Latin America Digital Barometer Market
- Europe Digital Barometer Market
- East Asia Digital Barometer Market
- South Asia and Pacific Digital Barometer Market
- Middle East and Africa Digital Barometer Market
