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Market Overview
A pyrometer is a temperature measuring device used in various industries, such as metallurgy, boilers, gas turbines, electronic fabrication to detect temperature or radiation from an object. According to the MarkNtel Advisors’ research report, “Global Pyrometer Market Analysis, 2021,” the market is expected to grow at a CAGR of around 7.5% during 2021-26.
The burgeoning demand for pyrometers among end-user industries for non-contact temperature management and surging technological advancements in automation sensing are the factors propelling the market growth.
Moreover, the rapid surge in automation due to industrial modernization has boosted the need for pyrometers. Hence, they are strongly contributing to the market growth in the forecast period.
| Report Coverage | Details |
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
Impact of COVID-19
The COVID-19 outburst has a negative influence on the growth of the Global Pyrometer market. The temporary halt in manufacturing and disruption in the supply chains due to government restrictions like nationwide lockdowns has affected the overall pyrometer demand. However, the increased industrial digitalization & modernization is likely to propel its need in the forecast period.
Market Segmentation
Infrared/Radiation Pyrometer is Expected to Acquire Highest Market Share
Based on Technology, the Infrared/Radiation Pyrometer is likely to acquire the highest market share in the Global Pyrometer market over the forecast period. The infrared pyrometer finds its usage primarily for industrial applications, such as electronic fabrication, heating, air conditioning, glass manufacturing, etc.
The radiation pyrometer measures temperature on thin plastic films and flames from a distance, without the need for contact with the object. Thus, the device comes into use under conditions where thermocouples or other probe-type sensors can't be used, says MarkNtel Advisors in their research report, “Global Pyrometer Market Analysis, 2021.”
Multi-wavelength Attain Highest CAGR during forecast period
Based on Wavelength, Multi-wavelength is likely to attain the highest CAGR in the Global Pyrometer market in the forecast period during 2021-26. The multi-wavelength pyrometer measures the temperature of non-grey body materials such as aluminum, copper, specialty steel.
The snowballing demand due to its rising application of multi-wavelength pyrometers among industrial applications such as in metal processing for aluminum extrusion, quench, and trip as the device provides real-time temperature measurement.
Regional Landscape
Asia-Pacific Witnessing Robust Growth
Asia-Pacific is prone to witness robust growth in the Global Pyrometer market over the projected timeline. India & China accounts for the majority market share in the Asia-Pacific region.
This region's growth is primarily due to snowballing investments by the government toward glass manufacturing due to the increasing replacement of brick and granite building exteriors with laminated flat glass.
Besides, a significant rise in demand for metals and the popularity of application-specific pyrometers are the factors that further impose a lucrative opportunity for market growth.
Market Driver
Increasing Demand Among End-User Industries
The demand for pyrometer is likely to propel in the future due to a boost in public & private investments in various end-user industries, such as glass manufacturing, metallurgy, gas turbine, etc.
Moreover, the rising trend of automation in the industries has infused the need for continuous temperature measurement devices coupled with surging technological advancements that are likely to promulgate the market growth in the forecast period.
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:
Q. What is the historical year, base year, and forecast year considered in the research report on Global Pyrometer Market?
A. The historical data has been provided since 2016, while the base year is 2020, and the forecast data is up to 2026.
Q. What are the units or denomination for measuring market volume in the report?
A. The market size/industry size or the market value is measured in terms of thousand units.
Q. What would be the growth rate/CAGR of the Global Pyrometer Market during (2021-26)?
A. The Global Pyrometer Market is forecast to grow at a CAGR of 7.5% during 2021-26.
Q. Who are the key competitors or players operating in Global Pyrometer Market?
A. 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. are few of the leading players in the Global Pyrometer Market.
Q. Which segment type would emerge as an area of opportunity for key players in the Global Pyrometer Market?
A. Infrared/Radiation Pyrometer is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Pyrometer Market?
A. Asia-Pacific continues to grow at the highest CAGR, offering immense opportunities for key market leaders of the Global Pyrometer Market.
