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.
Market Segmentation
Based on the Type:
Of them all, Fixed pyrometers are expected to witness the fastest growing demand during the forecast period. It owes principally to the increasing utilization of these pyrometers to measure a single point on high-temperature surfaces, often in large furnaces and for Smart Space Management Systems. These devices measure temperature from the thermal radiation emitted, also known as radiometry. Fixed pyrometers are witnessing an increasing demand from industries like metal, glass & paper due to benefits like high accuracy, efficient measurement of high temperatures, etc., and, in turn, driving the market.
Besides, the increasing investments in the construction of malls, office spaces, & residential properties with high-performance glasses are augmenting glass production & making a positive impact on the demand for fixed pyrometers. Additionally, since fixed pyrometers are robust devices, their adoption is rapidly increasing across difficult-to-reach areas with harsh environmental conditions. Moreover, the market for fixed pyrometers is also expanding across industries like metal, food & beverages, etc., which require accurate & precise temperature measurements.
Based on the Wavelength:
Of them all, Multi-Wavelength pyrometers are projected to dominate the market with the largest share during the forecast period. It owes principally to the capabilities of these pyrometers to provide consistent, accurate & real-time measurements with non-greybody materials like aluminum, magnesium, stainless steel, brass, bronze, copper, & zinc, among others, under different operating conditions without adjustments.
Moreover, multi-wavelength pyrometers enhance the extrusion speed, along with reducing scrap production & energy efficiency. The surging automation & digitalization in various industries has resulted in an ever-increasing demand for temperature measurement devices. Hence, it is another crucial aspect propelling the need for multi-wavelength pyrometers in industries like metal processing, aluminum extrusion, & Energy Efficient Glass manufacturing, etc., and benefitting the overall market growth.
Regional Landscape
On the geographical front, the Global Pyrometer Market expands across the following regions:
Of all regions globally, Asia-Pacific is anticipated to display the fastest market growth during the forecast period, mainly due to the increasing construction activities & swiftly expanding automotive industry, especially across countries like China & India, propelling the production of metal & steel. It, in turn, is making a positive influence on the demand for pyrometers for temperature monitoring.
Besides, rapidly increasing investments in the expansion of the glass manufacturing sector to replace brick & granite building exteriors with laminated smart glasses is another crucial aspect projected to augment the demand for pyrometers across Asia-Pacific in the coming years. Moreover, mounting support from the China government for steel production is making the country the largest market for pyrometers & generating growth opportunities for the leading players in the regional market.
Recent Developments by Leading Companies
Market Dynamics:
Key Driver: Rising Adoption of Pyrometers across Different Industrial verticals
The growing emphasis of several end-user industries like metal, ceramic, metal oxides, glass, etc., on using pyrometers is anticipated to drive the Global Pyrometer Market during 2021-26. It is due to a constant need for closely monitoring the temperature of substances to ensure the quality of product & safety at workplaces. Besides, enhanced productivity, better process monitoring, etc., achieved through pyrometers are other crucial aspects projected to augment the overall market growth over the forecast years.
Possible Restraint: Optical Interference Fluctuating the Accuracy of Pyrometers
Since fixed pyrometers must be installed in a specific manner to attain & deliver accurate results, the possibilities of optical interference are likely to deflect the device to obtain actual temperature measurements. Hence, it is crucial to ensure that the pyrometer has a clear view of the subject for attaining accurate results. Failure in doing so might affect their demand and hinder the growth of the Global Pyrometer Market during the forecast period.
Growth Opportunity: Various Technological Advancements in Pyrometers
With increasing investments & support by the government of different countries worldwide in bringing innovations in pyrometers, the Global Pyrometer Market is very likely to generate lucrative growth opportunities for the leading market players during the forecast period.
The increasing demand for accurate & reliable measurements are among the key areas seeking development and shall expand the application of pyrometers across different verticals by directly impacting their production quality. Additionally, the metal industry shall continue its prevalence in the global market by increasingly utilizing pyrometers in processing activities.
Competitive Landscape
According to MarkNtel Advisors, the major 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, Cress Manufacturing Company Inc., etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The Global Pyrometer Market is projected to grow at a CAGR of around 7.5% during 2021-26.
A. Fixed Pyrometer is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Pyrometer Market during 2021-26.
A. Technological advancements in Pyrometers to expand their application and the mounting adoption of these devices across industrial verticals are the prime aspects projected to generate lucrative growth opportunities for the leading players in the Global Pyrometer Market over the forecast years.
A. Since the demand for pyrometers dramatically surged in 2020 to identify Covid-19 symptoms by measuring body temperature, the Global Pyrometer Market is likely to expand significantly in the coming years, with leading players introducing various innovative products & upgrading the existing ones.
