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.
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.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|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.