Global pyrometer market is projected to witness a CAGR of 6.09% during the forecast period to reach a total market size of US$693.730 million by 2023, increasing from US$486.568 million in 2017. A pyrometer is a device used to measure the temperature of the surface of an object. The growth in the market may be attributed to the rising quality check and industrial automation. Increasing adoption of the pyrometers to measure a very high temperature at physically inaccessible conditions such as near boilers or furnaces is boosting the global pyrometer market growth over the forecast period. Growing adoption of the contactless temperature monitoring devices across the industries will also augment the demand for these devices over the next five years.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global pyrometer value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the market.
Major industry players profiled as part of the report are PCE Instruments, PENTRONIC, Fluke Process Instruments, CHINO Corporation India Pvt. Ltd, OMEGA Engineering, and Proxitron GmbH among others.
By End-Use Industry
Middle East and Africa