Global Pyrometer Market estimated to surge at a CAGR of 5.20% to reach a value of US$742.707 million by 2025 from US$547.843 million in 2019

Global Pyrometer Market estimated to surge at a CAGR of 5.20% to reach a value of US$742.707 million by 2025 from US$547.843 million in 2019

By Knowledge Sourcing Intelligence Press Releases

A pyrometer is a device that measures the temperature of the surface of an object. It is a remote-sensing device and is contactless to facilitate the measurement of those areas which are inconvenient to reach. The device is inexpensive and guarantees the efficacy of production equipment and machinery. 

According to the report, the Global Pyrometer Market is projected to increase at a CAGR of 5.20% over the forecast period 2019-2025. The market is poised to surge at a noteworthy CAGR throughout the forecast period primarily on the account of the growing demand for industrial automation worldwide. Rising expansion of industries such as ceramic, glass, and metal processing is significantly bolstering the market growth of the global pyrometer market. Since metal processing industry caters to a wide variety of sectors such as agriculture, automotive, industrial equipment, and construction, the growth of these sectors is further fueling the demand for pyrometers, thus positively impacting the global market growth.

By type, the global pyrometer market has been segmented based on fixed and handheld. By technology, the market is has been segmented as optical and infrared. By end-use industry, the global pyrometer market has been segmented as ceramic industry, glass industry, and metal processing industry. Glass industry accounted for a substantial market share in 2019 owing to the growing beverage and pharmaceutical sectors. Increasing demand for premium alcoholic beverages and beer is leading to a surge in the demand for glass bottles which, in turn, is driving the market for pyrometer in the glass industry. The glass processing industry is also growing due to the rising production of ampoules and vials to keep medicines. As such, the sale of these medicines is further contributing to the market growth of pyrometer across the glass industry.    

Geographically, the global pyrometer market has been classified into North America, South America, Middle East and Africa, and Asia Pacific. North America and Europe hold decent shares in the global pyrometer market. Growing metal processing and ceramic industries, supported by the presence of major market players in these regions is propelling the market growth across these regions. However, APAC is projected to witness the significant CAGR during the forecast period owing to the booming sectors including construction, agriculture, and pharmaceuticals in countries like China and India. Supportive government policies and initiatives to ramp up the growth of these industries is also driving the market growth of pyrometer in APAC region.

Some of the key players covered as part of the report Accurate Sensors Technologies Ltd., Calex Electronics Limited, Optris GmbH, DIAS Infrared GmbH, and PCE Deutschland GmbH among others.

View a sample of the report or purchase a complete study at https://www.knowledge-sourcing.com/report/global-pyrometer-market

This report segmented the Global Pyrometer market on the basis following terms:

  • By Type
    • Fixed
    • Handheld
  • By Technology
    • Optical
    • Infrared
  • By End-Use Industry
    • Ceramic Industry
    • Glass Industry
    • Metal Processing Industry
  • By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Others
  • MiddleEast and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Others