Market Definition
The Pyrometer is a thermometer designed primarily to measure temperatures without contacting the subject and gather accurate & reliable temperature measurements. This information is generated upon the radiation intensity emitted from the subject.
The use of pyrometers is primarily on subjects with very high-temperature levels, which can't be measured physically. Globally, industries like automotive, steel, glass manufacturing, food & beverage, etc., are the most prominent end-users of these devices, which, in turn, is helping pyrometer manufacturers to expand their business operations across different regions worldwide.
Market Insights
The Global Pyrometer Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2021-26. The market is driven primarily by the rising support from governments of different countries worldwide toward bringing digitalization & adoption of technologically advanced devices to bring efficiency in various business operations.
In addition, with various government initiatives & massive investments in developing & bringing technological advancements in pyrometers, they shall yield greater productivity, promote energy conservation, and enhance operational efficiency. It, in turn, is expanding the application of pyrometers across different end-user verticals and driving the global market.
Besides, the advent of Industry 4.0 is further encouraging different industrial verticals to adopt & upgrade devices with modern equipment for applications like electronic fabrication, air conditioning, heating, glass manufacturing, etc., i.e., instigating the demand for pyrometers in processing applications to monitor the temperature & enable high-quality production.
Moreover, industries like metal, thermoforming, food & beverages are among the largest consumers of pyrometers & making a positive influence on the global market. Furthermore, an increasing inclination toward non-contact temperature monitoring, especially at areas impossible or impractical to reach, shall further augment the overall market growth in the coming years.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR | 7.5% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy and Others | |
| Asia-Pacific: China, India, Japan, South Korea, Rest of Asia Pacific | |
| South America: Brazil, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, Qatar, Rest of Middle East | |
| Key Companies Profiled | 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, Cress Manufacturing Company Inc., etc. |
| Unit Denominations | USD Million/Billion |
Impact of Covid-19 on the Global Pyrometer Market
The Covid-19 pandemic in 2020 had a decelerating effect on most industries globally. However, the Global Pyrometer Market witnessed a positive influence. Governments of different countries worldwide imposed stringent movement restrictions & lockdowns to curb the spread of this dreadful disease & introduced social distancing policies among people.
Consequently, leading players in the market observed difficulties, like disruption in the supply chain of raw materials, distribution of finished goods, slow-paced manufacturing, unavailability of labor, & shut down of production houses, among others. However, the demand for pyrometers rose dramatically amidst the crisis, bringing a temporary hike to the market. It was principally to check the Covid-19 symptoms by measuring the body temperature.
Although, since 2021, the world has witnessed a gradual decline in the number of Covid-19 cases & governments have uplifted the limitations, allowing the usual recommencement of business operations, the disease is likely to remain prevalent in the coming years. Hence, the market shall witness a continued demand for pyrometers & generate growth opportunities for the leading players during the forecast period.
