Pyrometer Market | Revenue Intelligence Study


Posted February 6, 2018 by poojapatange

Pyrometer Market by Type (Fixed Type, Handheld Type), Technology (Optical, Infrared), End-use Vertical (Glass Industry, Ceramic Industry, Metal Processing Industry), and Geography (North America, Europe, Asia Pacific, RoW) - Global forecast to 2023

 
Increasing automation in the industrial sector and increasing demand for robust temperature–measuring devices in industries, such as glass, forging, and ceramics, are some of the driving factors for the growth of the pyrometer market.

The Pyrometer Market is expected to grow from USD 542.4 million in 2017 to USD 815.9 million by 2023, at a CAGR of 7.0% between 2017 and 2023.

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Europe is expected to dominate the pyrometer market between 2017 and 2023

The pyrometer market has been segmented on the basis of geography into North America, Europe, APAC, and RoW. The market in the Europe is expected to grow at the highest CAGR between 2017 and 2023. The higher growth rate in the region is mainly attributed to technological advancements in temperature monitoring devices and the presence of a large number of steel producers in the region.

Land Instruments International (UK), Advanced Energy Industries (US), Accurate Sensors Technologies (Israel), Proxitron (Germany), PCE Instruments (Germany), LumaSense Technologies (US), Optris (Germany), AOIP (France), Optron (Germany), BARTEC (Germany), CHINO CORPORATION (Japan) Calex Electronics (UK), Micro-Epsilon (Germany), B+B Thermo-Technik (Germany), OPTEX CO. (Japan), OMEGA Engineering (UK), and Fluke Process Instruments (US) are the major players in the pyrometer market.

The market for IR pyrometers is expected to grow at the highest CAGR during the forecast period. This dominance of the IR pyrometer is mainly attributed to its high sensitivity in high temperature applications, which make it suitable for end-use industries to detect high temperature with more accuracy.

Contactless temperature measurement is a very complex process. However, it is necessary to use contactless temperature measurement devices because of the high temperature and harsh environmental conditions in some industries such as metal processing and glass manufacturing.

In these industries, introduction of new methods, sensors, and integration of multiple sensors and electronics into a single device may resolve many issues, which cannot be resolved by the traditional pyrometers.

Therefore, prominent pyrometer manufacturers can leverage the opportunity to increase their market share by ramping up research and development (R&D) activities and introducing new and advanced pyrometers in the market.

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Issued By Pooja
Country United States
Categories Electronics , Semiconductors , Technology
Tags infrared , pyrometer market , thermometer
Last Updated February 6, 2018