The Global Pyrometer Market is projected to grow at a CAGR of 7.5% in the forecast period of 2021-26, reveals MarkNtel Advisors in their recent research report. The market is driven primarily by the increasing prevalence of Industry 4.0, i.e., increasing the inclination of different end-user industries toward digitalization & automation. Moreover, the need for constant temperature monitoring across sectors like food & beverage, thermoforming, & steel industries, among others, is also driving the global market.
Additionally, non-contact temperature measurements gaining swift momentum, especially after the advent of the Covid-19 pandemic, are also surging the application of pyrometers and fueling the overall market growth, states the research report, “Global Pyrometer Market Analysis, 2021.”
Mounting Demand for Multi Wavelength Pyrometers across Metal Industries to Drive the Market
Multi-Wavelength pyrometers are anticipated to dominate the Global Pyrometer Market with the largest share during the forecast period. It owes principally to their capabilities to determine high temperatures for all low-emissivity materials in real-time.
Besides, they provide accurate results while simultaneously measuring single, dual, or multi-wavelength values, etc. As a result, the demand for these pyrometers across metal processing industries like aluminum extrusion, galvanized/gal annealed steel, quench, and strip, among others, is significantly increasing worldwide.
China & India to Contribute Majorly to the Fastest Market Growth in Asia-Pacific through 2026
Of all regions globally, Asia-Pacific is anticipated to display the fastest market growth during 2021-26. It owes principally to the rapidly expanding metal industry across the region, i.e., displaying a mounting demand for steel in several complex applications. Across Asia-Pacific, countries like China & India are the largest steel manufacturers, which shall positively influence the regional pyrometer market in the coming years.
It attributes to massive investments in glass manufacturing by governments & prominent companies, primarily due to the increasing demand for replacing brick & granite building exteriors with laminated flat glass, coupled with the growing popularity of application-specific pyrometers across the region. It, in turn, is likely to generate remunerative growth opportunities for the regional market over the forecast years, reveals MarkNtel Advisors in their research report, "Global Pyrometer Market Analysis, 2021."
According to MarkNtel Advisors, the leading players in the Global Pyrometer Market are Fluke Process Instruments, Proxitron Gmbh., Williamson Corporation, Bartec Group, Aoip, Calex Electronics Ltd., Pyrometer Instrument Company, Micro-Epsilon, K-Space Associates, Inc., Process Sensors Corp., Palmer Wahl Instruments, Inc., Tempsens Instruments Pvt. Ltd., Manyyear Technology, Keller Hcw, Germany, and Cress Manufacturing Company Inc.
Key Questions Answered in the Study