Find a date range from rows with consecutive dates and identical column values
This is a 'Gaps and Islands' problem.   I took this example and tweaked it for your situation.

DECLARE @TestData TABLE (
    ID NUMERIC(18) NOT NULL
    ,[DATE] DATE NOT NULL
    ,[TYPE] VARCHAR(20) NOT NULL
    ,[VALUE] VARCHAR(20)
    )
INSERT INTO @TestData VALUES 
(17482, '2016-08-24', 'PRESSURE_EXCEPTION', 'Over'),
(17482, '2016-08-25', 'PRESSURE_EXCEPTION', 'Over'), 
(17482, '2016-08-26', 'PRESSURE_EXCEPTION', 'Over'), 
(17482, '2016-09-04', 'PRESSURE_EXCEPTION', 'Over'), 
(17482, '2016-09-05', 'PRESSURE_EXCEPTION', 'Over'), 
(17482, '2016-09-16', 'PRESSURE_EXCEPTION', 'Under'), 
(17482, '2016-09-17', 'PRESSURE_EXCEPTION', 'Under'), 
(17482, '2016-09-23', 'PRESSURE_EXCEPTION', 'Under'), 
(17482, '2016-09-24', 'PRESSURE_EXCEPTION', 'Under'), 
(17482, '2016-09-25', 'PRESSURE_EXCEPTION', 'Under'), 
(17482, '2016-09-27', 'VOLUME_EXCEPTION', 'Low'), 
(17482, '2016-09-28', 'VOLUME_EXCEPTION', 'Low')
;

WITH mycte
AS (
    SELECT *
        ,DATEADD(DAY, - ROW_NUMBER() OVER (
                PARTITION BY [Value] ORDER BY [Date]
                ), [Date]) AS grp
    FROM @TestData
    )
--select * from mycte       --Uncomment to see the data from mycte
SELECT min([Date]) AS [From]
    ,max([Date]) AS [To]
    ,[Type]
    ,[value]
FROM mycte
GROUP BY [Type]
    ,[value]
    ,grp
ORDER BY [From];




| From       | To         | Type               | value |
|------------|------------|--------------------|-------|
| 2016-08-24 | 2016-08-26 | PRESSURE_EXCEPTION | Over  |
| 2016-09-04 | 2016-09-05 | PRESSURE_EXCEPTION | Over  |
| 2016-09-16 | 2016-09-17 | PRESSURE_EXCEPTION | Under |
| 2016-09-23 | 2016-09-25 | PRESSURE_EXCEPTION | Under |
| 2016-09-27 | 2016-09-28 | VOLUME_EXCEPTION   | Low   |


The OVER/PARTITION logic is basically assigning each row to a 'group' so you can pick out the MIN and MAX from each group.  If you un-comment the 
select * from mycte (I added an order by date) and run the script from that part to the top, you'll see that each row gets assigned to a group.  

Look at the first group of rows assigned to '2016-08-23'.  The ROW_NUMBER for date '2016-08-24' is 1, so the DATEADD subtracts 1 from '2016-08-24' to put that row in group '2016-08-23'.  The ROW_NUMBER for date '2016-08-25' is 2, so the DATEADD subtracts 2 from '2016-08-25' to put it in the same group as row number 1 and so on.

| ID    | DATE       | TYPE               | VALUE | grp        |
|-------|------------|--------------------|-------|------------|
| 17482 | 2016-08-24 | PRESSURE_EXCEPTION | Over  | 2016-08-23 |
| 17482 | 2016-08-25 | PRESSURE_EXCEPTION | Over  | 2016-08-23 |
| 17482 | 2016-08-26 | PRESSURE_EXCEPTION | Over  | 2016-08-23 |
| 17482 | 2016-09-04 | PRESSURE_EXCEPTION | Over  | 2016-08-31 |
| 17482 | 2016-09-05 | PRESSURE_EXCEPTION | Over  | 2016-08-31 |
| 17482 | 2016-09-16 | PRESSURE_EXCEPTION | Under | 2016-09-15 |
| 17482 | 2016-09-17 | PRESSURE_EXCEPTION | Under | 2016-09-15 |
| 17482 | 2016-09-23 | PRESSURE_EXCEPTION | Under | 2016-09-20 |
| 17482 | 2016-09-24 | PRESSURE_EXCEPTION | Under | 2016-09-20 |
| 17482 | 2016-09-25 | PRESSURE_EXCEPTION | Under | 2016-09-20 |
| 17482 | 2016-09-27 | VOLUME_EXCEPTION   | Low   | 2016-09-26 |
| 17482 | 2016-09-28 | VOLUME_EXCEPTION   | Low   | 2016-09-26 |


Now, it's just a matter of pulling the MIN and MAX from each group.