A pyrometer is a type of advanced remote-sensing thermometer which is extensively used in various industries to measure the temperature of distant objects without directly involved while testing. The latest pyrometers compare the brightness of the image produced by the temperature source and the current passing through the lamp becomes an expedient the temperature source when its calibrated. Besides, it acts as a photodetector because of the property of absorbing energy and measuring electromagnetic radiation wave intensity at any wavelength. There are two types of pyrometers optical and infrared, optical pyrometers are one of the widely adopted pyrometers which are used to detect thermal radiation of the visible spectrum. While the other type commonly known as infrared pyrometers are designed to detect the thermal radiation in the infrared region and is usually considered at a distance of nearly 2-14um.
Increasing Construction Activities
The construction activities in various parts of the world are growing primarily on account of steady job growth and increasing investment. According to the United States Census Bureau, the construction spending in the United States increased from $1,077,350 in 2008 to more than $1,330,654 in 2018. Simultaneously, the North American region is witnessing an increase in employment opportunities as well. According to Statistics Canada, the unemployment rate fell to 5.7% in December 2017, the lowest since January 1976. Similarly, the employment to population ratio in the United States improved from 57.4% in 2010 to 58.8% in 2017 as per the World Bank, indicating the rising disposable income of the individuals and their ability to spend. In fact, the residential construction spending in the United States grew at a CAGR of 6% between 2008 and 2017. Thus, the growing construction activities have led to increased utilization of ceramic materials which are used for installing tiles on walls or floors of a residential and commercial building as well. Moreover, the growth of the overall ceramic industry is expected to positively impact the pyrometer market trend over the forecast period.
Manufacturing Value Added, China, 2007 to 2017, in US$ Trillion
Source: The World Bank Group
Growing Automation in Various End-User Industries
Automation is a key trend being adopted across the globe. Industry 4.0 has instigated the adoption of automation solutions in multiple industries and has also provided an opportunity for the pyrometer market to grow. With automation, there has been a rise in the productivity and output levels in all industries, and thus the requirements for temperature monitoring solutions to cope with such a rise is also increasing. In addition to that, the industrialization is also on the rise in multiple budding economies which has impacted whole automation industry. There have been many policies and government initiatives that are increasing production in budding economies such as India and China. For example, India has shown exponential growth in the manufacturing sector due to the “Make in India” policy. This industrialization has also resulted in the adoption of pyrometers due to its above-mentioned benefits. However, due to the observed pattern slower adoption of newer technologies due to the high premium associated with the early adoption has led to a low market size of the pyrometers and thus provides growth potential for the market to grow during the next five years.
Expanding the Glass Industry
Today advance glasses are known for their heat resistance and physical durability properties which is useful in many applications that are involved with temperature changes due to which they find their application in aerospace where the exterior lamps on an aircraft use advance and innovative glass due to the clear optical properties and its ability to withstand the temperature differential experienced during high altitude flight. The established aerospace industry with the presence of major market players coupled with the growing defense budget in developed countries like the United States, Germany, and the United Kingdom is expected to drive the pyrometer market during the forecast period. For instance, United States aerospace sector is considered the largest in the world and is also the main supplier of both military and civil aerospace hardware to the rest of the world, the industry contributed nearly US$151 billion in export sales to the U.S. economy (Source: US Department of Commerce). Also, on February 10, 2020, the United States President Donald J. Trump proposed Fiscal Year (FY) 2021 budget request of more than US$700 billion for national security out of which nearly 90% is for the Department of Defence (DoD).
Therefore, the growth of the market is attributed to the increasing aircraft deliveries, lower corporate rates to encourage investments and rising defense spending. Furthermore, according to the European alliance of glass industries “Glass Alliance Europe” in 2018, global glass production was around 36.55 million tonnes showing a growth of nearly 1.05% since 2010. The stable growth in glass production coupled with the growing incorporation of factory automation solutions within glass manufacturing is further anticipated to boost the pyrometer market growth.
Besides, there is an increasing number of manufacturers that have incorporated smart factory solutions to further aid its overall productivity resulting in the development of advance and smart pyrometer. For instance, Micro-Epsilon recently expanded its offering of intelligent thermometer TIM 8 pyrometer that provides automatic hotspot detection and enables effective and reliable temperature control for various industrial applications. Also, in May 2018, Fluke Process Instruments launched its new product named “Thermalert 4.0” which is an infrared spot pyrometer for non-contact automatic measurement in a difficult, extreme, and harsh industrial environment.
ABOUT THE AUTHOR:
Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from healthcare to semiconductor, with a special knack for automation. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.