Global Pyrometer Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fixed, Handheld), By Technology (Optical, Infrared), By End-Use Industry (Ceramic Industry, Glass Industry, Metal Processing Industry, Others), And By Geography - Forecasts From 2021 To 2026

Published:  May 2021 Report Code: KSI061610002 Pages: 129

The global pyrometer market is expected to grow at a compound annual growth rate of 5.04% over the forecast period to reach a market size of US$772.928 million in 2026, from US$547.843 million in 2019.

Introduction

 A pyrometer is a remote sensing device that finds its application in the measurement of the temperature of the surface of an object. It is contactless to facilitate the measurement of those areas which are too inconvenient to reach or at times to be near. Pyrometers help to monitor and optimize process-intensive applications to ensure that the quality of the end product is along the lines of the market standards that the consumers seek. Pyrometers are the most suitable solutions to guarantee the efficacy of production equipment and machinery. Further, in comparison to other measurement and monitoring tools, they are inexpensive and as well as provide results in a swift manner that is a necessity in processes that involves rapid thermal changes.

Market Trend

Pyrometers are widely used across various industries including glass, ceramics, metal processing, etc. With the increase in investments and government aid in these sectors, the demand for pyrometers is expected to increase in the projected period. Besides that, with the increasing adoption of automation in industries, the market for pyrometers is expected to take a positive route in the coming years. 

Some of the major restraints for this market include the need for skilled labor to install, operate and monitor the equipment which might become a challenge to this market especially in the underdeveloped regions that lack this factor. Besides that, lack of awareness in this field can also act as a major restraint to the market growth.

Growth Factors

  • Growing Industrial Automation:

One of the key factors that are expected to drive the pyrometer market in the coming years is its ability to measure temperatures in a precise manner and the ability to operate in a harsh environment. For instance, in metal processing industries, pyrometers are used in various stages including die forming, extrusion, forging as well as rolling for the measurement of temperatures at different stages. The increasing automation has enabled the use of pyrometers to act as a preventive measure to reduce the downtime of machinery and equipment that creates more economic opportunities for businesses. The metal processing industry caters to a wide variety of industries like aerospace and defense, automotive, construction, electronics/electrical components, agriculture, general consumer markets, industrial equipment, mining and oil, and gas, etc. and with the projected growth in these industries, the market for pyrometers stand at an opportunistic platform. For instance, India Brand Equity Foundation serves as a source to the National Steel Policy 2017 estimates of envisaging around 300 million tonnes of steel production capacity by 2030-31 with the help of government objective of increasing rural consumption of steel from the current 19.6 kg/per capita to 38 kg/per capita by 2030-31. To achieve this, the demand for temperature measuring equipment like pyrometers can increase in the future.

  • Growing glass industry:

The glass industry is witnessing a meteoric rise across the globe that is creating a demand for pyrometers that in turn is driving the market for pyrometers globally. Temperature measurement is imperative to the glass industry as it enhances efficiency by decreasing the amount of scrap from the glass plant and preserving the homogenous quality.  Temperature measurement actions are taken throughout multiple stages of production, including manufacturing of various glass such as float glass, fiberglass, and technical glass.

For instance, governments across the economies are promoting Industry 4.0 incentives across certain manufacturing hubs which are expected to provide significant aid to the manufacturing and export sections of glass goods to both established and emerging economies. Italy being at the forefront of glass manufacturing and export has witnessed stable growth in the glass sector that is estimated to boost the growth of the pyrometer market across the European region. Besides that, the growth of the packaging industry, specific to glass container packaging is growing with the increasing demand for beverages including traditional alcoholic beverages as well as craft beer production across the globe, particularly in the emerging economies. This aspect too would drive the demand for pyrometers across the world.

Glass processing units are not limited to beverage industries but also extend to the pharmaceutical and personal care sector that is witnessing a great surge due to its respective demand. Due to steady research and development in the pharmaceutical industry, there is an increase in the production of ampoules and vials that are essential for keeping medicines and their subsequent sales, and in the personal care segment, glass packaging is an extremely important component.

  • Driving ceramic industry:

The applications of pyrometers in the ceramic sector are another area that would drive the growth of the pyrometer market. Heat control is an essential part of manufacturing ceramic products because the temperature measurements help to monitor the stability and quality of the product. Controlled heating creates significant changes in the microstructure of the product and usually involves certain properties that require devices like pyrometers to be put into application.

Because of the above, it should be noted that governments of the APAC region are keen on establishing smart cities and joining the cohort of environmentally friendly endeavors that have been exemplified by the European nations. This would necessitate an increase in the demand for products like sanitary ware, bathroom fittings, and tiles in which ceramic is an integral part. This development is bound to drive the growth of the market for pyrometers in the projected period.

Restraints

  • Lack of awareness and trained personnel:

Industries have to analyze several options before selecting a specific pyrometer. For instance, there are several different types of pyrometers in the market that require several key deciders to choose a suitable pyrometer for the most accurate temperature measurement. The correct selection requires deciding the correct wavelength of the detector to be used for a given temperature range and application. Furthermore, the industries require full awareness about product usage, installation, maintenance, operation, etc. related to the pyrometers. For example, Pyrometers require regular and traceable calibration checks to ensure accuracy while temperature measurement.  Although the industries have built stable detectors, many detectors drift with time due to running in higher than laboratory ambient conditions, dirt, dust, vibration, EMC, and physical impacts or shocks (from dropping portable instruments). Therefore, regular calibration becomes an essential step to reference back to a known temperature. The lack of awareness and trained personnel in this segment may hamper the growth of the market especially in underdeveloped regions that lack accurate awareness and technical know-how to use such applications and devices.

Impact of COVID-19 Pandemic on the Global Pyrometer Market:

The outburst of the covid pandemic around the globe severely hampered the growth of the pyrometer market. The temporary shutting down of industries, lockdowns, curfews, etc. due to covid led to the low demand for industrial devices like pyrometers due to which the market took some hit in the given period.

Global Pyrometer Market Scope:

Report Metric Details
 Market size value in 2019  US$547.843 million
 Market size value in 2026  US$772.928 million
 Growth Rate  CAGR of 5.04% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Technology, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Fluke Process Instruments, Advanced Energy Industries Inc., Optris GmbH, PCE Instruments, DIAS Infrared GmbH, Calex Electronics Limited, AMETEK Land Instruments International, Sensortherm GmbH, Williamson Corporation, Proxitron GmbH
 Customization scope  Free report customization with purchase

 

 Segmentation:

  • By Type
    • Fixed
    • Handheld
  • By Technology
    • Optical
    • Infrared
  • By End-Use Industry
    • Ceramic Industry
    • Glass Industry
    • Metal Processing Industry
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • México
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • U.K.
      • Germany
      • France
      • Others
    • Middle East and Africa
      •  UAE
      • South Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • Taiwan
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the pyrometer market size by 2026?
A1. The global pyrometer market is expected to reach a total market size of US$772.928 million in 2026.


Q2. What are the growth prospects for the pyrometer market?
A2. The pyrometer market is expected to grow at a CAGR of 5.04% during the forecast period.


Q3. What is the size of the global pyrometer market?
A3. Pyrometer Market was valued at US$547.843 million in 2019.


Q4. What factors are anticipated to drive the pyrometer market growth?
A4. One of the key factors that are expected to drive the pyrometer market is its ability to measure temperatures in a precise manner and the ability to operate in a harsh environment.


Q5. How is the global pyrometer market segmented?
A5. The pyrometer market has been segmented by type, technology, end-user industry, and geography.

 
1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. GLOBAL PYROMETER MARKET ANALYSIS, BY TYPE
5.1. Introduction
5.2. Fixed
5.3. Handheld

6. GLOBAL PYROMETER MARKET ANALYSIS, BY TECHNOLOGY 
6.1. Introduction
6.2. Optical
6.3. Infrared

7. GLOBAL PYROMETER MARKET ANALYSIS, BY END-USE INDUSTRY
7.1. Introduction
7.2. Ceramic Industry
7.3. Glass Industry
7.4. Metal Processing Industry
7.5. Others

8. GLOBAL PYROMETER MARKET ANALYSIS, BY GEOGRAPHY 
8.1.  Introduction
8.2.  North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1.  U.K.
8.4.2. Germany
8.4.3. France
8.4.4. Others
8.5.  Middle East and Africa
8.5.1. UAE
8.5.2. South Africa
8.5.3. Israel
8.5.4. Saudi Arabia
8.5.5. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. Australia
8.6.5. Taiwan
8.6.6. South Korea
8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. Fluke Process Instruments
10.2. Advanced Energy Industries Inc.
10.3. Optris GmbH
10.4. PCE Instruments
10.5. DIAS Infrared GmbH
10.6. Calex Electronics Limited
10.7. AMETEK Land Instruments International
10.8. Sensortherm GmbH 
10.9. Williamson Corporation
10.10. Proxitron GmbH

Fluke Process Instruments

Advanced Energy Industries Inc.

Optris GmbH

PCE Instruments

DIAS Infrared GmbH

Calex Electronics Limited

AMETEK Land Instruments International

Sensortherm GmbH 

Williamson Corporation

Proxitron GmbH

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