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Pyrometer Market (Type - Fixed, and Handheld; Technology - Optical, and Infrared; Wavelength - Single Wavelength, and Multiwavelength; End-user Industry - Ceramics, Glass, and Metal Processing): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : May, 2021

  • Rep Id : IA00112

  • Category : Industry Automation

  • Status : Published

A recent report published by Infinium Global Research on the pyrometer market provides in-depth analysis of segments and sub-segments in the global as well as regional pyrometer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pyrometer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global pyrometer market. According to the report, the global market for pyrometers is over USD 300 million in 2020 and is expected to reach over USD 500 Million by 2026 growing with a CAGR of 6.6% over 2020-2026.

 

Market Insight

Advanced innovations and modern digital electronics have revolutionized infrared pyrometers in recent years. The steel industry has directly benefitted from the introduction of application-specific infrared pyrometers to produce reliable temperature readings under demanding mill conditions. Steel facilities need the right tools to ensure proper optimize of energy usage across their facilities. Thus, the pyrometer introduced offers the industry’s broadest selection with features designed specifically for high-temperature steel processing.

 

The growing importance of contactless temperature measurement is driving the growth of the pyrometer market. A pyrometer measures the temperature of the object without any contact with the object. Furthermore, an industry 4.0 contributing to the growth of the market. A highly configurable digital architecture and ability to interface with a variety of customer protocols deliver on the Industry 4.0 promise of real-time data analysis, remote data collection, and process control. The manufacturers providing customers with an innovative pyrometer architecture that is flexible, easy to install and maintain. The pyrometers provide accurate temperature measurements for a wide variety of process control applications.  These pyrometers conform to Industry 4.0 standards, combine innovative digital technology and standard two-wire installation for all setups. However, the high cost of pyrometers is affecting the growth of the market. Moreover, technological advancement provides a significant growth opportunity for the pyrometer market. The Ceramics, Glass, and Metal Processing industry is heavily impacted during the COVID outbreak. The situation in the steel industry was influenced by the situation of steel-consuming sectors. Automotive manufacturing, one of the largest consumers of steel, and has been affected in an effort to the spread of COVID-19; while falling energy prices have led to much lower demand from sectors like oil and gas. Large automotive manufacturers such as Toyota, VW, Volvo, and  Nissan, have reduced production since the COVID pandemic. This drop-in consumption of steel and other largely affected ends use industries eventually affected the sale of the pyrometer in short term.

 

The Asia Pacific holds the largest market share in the pyrometer market. An increasing temperature sensing demand among various end-use industries and rising industrialization in different parts of Asia Pacific driving the growth of the market.  furthermore, the growing demand for industrial automation is also driving the pyrometers market. China, India, the U.S, Germany, France, and Japan among others are major markets for pyrometers due to significant economic growth.


Pyrometer Market

 

Segment Covered

The report on global pyrometer market covers segments such as type, technology, wavelength, and end-user industry. On the basis of type, the sub-markets include fixed, and handheld. On the basis of technology, the sub-markets include optical, and infrared. On the basis of wavelength, the sub-markets include single wavelength, and multiwavelength. On the basis of end-user industry, the sub-markets include ceramics, glass, and metal processing.

 

Companies Profiled:

The report provides profiles of the companies in the market such as CHINO Corporation, AMETEK Land, Fluke Corporation, OMEGA Engineering, Optris GmbH, Williamson Corporation, Sensortherm GmbH, PCE Instruments, DIAS Infrared GmbH, and Micro-Epsilon.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pyrometer market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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