The Global Pyrometer Market is anticipated to develop in a considerable way during the outlook period. It is estimated that the target market will develop up to USD 839.71 Million in 2026 from USD 608.32 Million in 2021, garnering a CAGR of about 7.28% over the period of 2021 to 2026.
Pyrometers are a type of thermometer that is remote-sensing, which is used for measuring the temperature of a distant object. There are numerous forms of these pyrometers are existed, historically. In recent days, pyrometers are majorly employed to identify the temperature of a surface, from a distance, with the amount of the thermal radiation it emits. The determination of the temperature by the process is known as the pyrometry or sometimes the radiometry.
The major factor that was influencing the Global Pyrometer Market is the rapid adoption of these meters by numerous end-use industries like the glass industry, ceramics industry, and metal processing among others. These pyrometers play a crucial role in obtaining a high level of accuracy in the automation sensing technologies. Thus, the rising prioritization of automation in various manufacturing industries is stimulating the demand for pyrometer, all around the world.
Drivers and Restraints of Pyrometer Market
The major factors that are driving the growth of the Global Pyrometer Market are the growing usage of these pyrometers to measure the heat and their wide range of applications in the processes of heavy industries.
Moreover, rising trend of automation in the processes and manufacturing industries, at a rapid pace around the world, owing to the achievements of sensing technologies the high level of accuracy with the utilization of pyrometers are further pushing the growth of the target market, globally. And the market is likely to expand at a stable rate during the forecast period owing to the growing penetration of the Pyrometer market across the globe is another key factor that was fuelling the growth of the market's revenue.
However, factors such as the high operational costs and the expensive investment are the restraints that are hampering the growth of the global pyrometer market during the forecast period.
Nonetheless, the ever-growing trend towards the automation of industries in various manufacturing industries is expected to create growth opportunities for the expansion among the players in the Global Pyrometer Market.
Impact of COVID-19 on the Pyrometer Market
The breakout of the novel coronavirus has affected the Global Pyrometer Market in a harsh way as the manufacturing sites are closed down and workers are been sent home. Moreover, the supply chain of the market is also got disrupted amid lockdowns in various economies. And the supply of these meters in various key regions is also slowed down, which is impacting the growth of the market trade & business negatively. However, the need for examination of temperature is fuelling the demand for pyrometers, globally. But, the limited supply of them is raising the pressure on the manufacturers of these meters in the forecast period, to increase the costs.
Market Segmentation of Pyrometer Market
Based on the type of device, the global Pyrometer market is segmented into Fixed and Handheld.
And based on the Industrial Outlook, the global Pyrometer market is segmented into Glass, Ceramics, and Metal Processing. Of these, the Glass segment is sub-segmented into Melting Process, Float, Tin Bath, Cooling, and Others. And the Metal Processing segment is sub-segmented into Forging and Others.
In the technological outlook, the global Pyrometer market is segmented as Infrared and Optical.
Pyrometer Market Region wise analysis
In the regional analysis of the Global Pyrometer Market, Asia Pacific's regional market accounted for the major share of the target market, in the revenue aspect. The growth in the demand for the temperature sensing technologies from numerous end-use industries and the rapid increase in the industrialization & urbanization, in the countries of this Asia-Pacific area are the major factors that are driving the growth of the Pyrometer Market in the area. Among the Asia-Pacific region, China and India's pyrometer markets are the major contributors to the major revenue of the Asia-Pacific regional pyrometer market. The growth of the target market in these countries is attributed to the rising demand for robust temperature measurement devices and the growing automation trend in the industrial sector. Further, the increasing demand for these pyrometers in industrial automation is another key factor that was fuelling the growth of the target market in this region.
Moreover, countries such as the U.S, China, India, Germany, France, and Japan are among the major markets for the pyrometers because of the significant economic growth in these countries. And Europe's regional pyrometer market is accounted for the second largest market share.
Key Players of Pyrometer Market
The key players of the Global Pyrometer Market includes the Land Instruments International (UK), Advanced Energy Industries (US), Accurate Sensor Technologies (Israel), Proxitron (Germany), PCE Instruments (Germany), LumaSense Technologies (US), Optris (Germany), AOIP (France), Optron (Germany), BARTEC (Germany), CHINO CORPORATION (Japan) Calex Electronics (UK), Micro-Epsilon (Germany), B+B Thermo-Technik (Germany), OPTEX CO. (Japan), OMEGA Engineering (UK), and Fluke Process Instruments (US).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Pyrometer Market, By Type
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Pyrometer Market, By Technology
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Pyrometer Market, By Industry
6.3.3 Metal Processing
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Technology
7.2.4 By Industry
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Type
7.3.3 By Technology
7.3.4 By Industry
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Technology
7.4.4 By Industry
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Type
7.5.3 By Technology
7.5.4 By Industry
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Type
7.6.3 By Technology
7.6.4 By Industry
8. Key Player Analysis
8.1 Land Instruments International
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Advanced Energy Industries
8.3 Accurate Sensor Technologies
8.5 PCE Instruments
8.6 LumaSense Technologies
8.10 Calex Electronics
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures