The Pyrometer Market Size is valued at 378.09 Million in 2023 and is predicted to reach 674.22 Million by the year 2031 at a 7.64% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Increasing demand for temperature measurement devices in industrial processes is driving the pyrometer market.
- The development of fibre optic pyrometers, which offer improved accuracy and reliability, is contributing to market growth.
- Asia Pacific dominated the overall market and accounted for a global revenue share in 2023.
- The high costs associated with the purchase & installation as well as maintenance of pyrometers are a challenge for the market.
Pyrometers are ultraviolet or radioactivity temperatures that are used to gauge the kind of heat emitted from a substance. The main factor driving the pyrometer market is the requirement for devices to monitor high-temperature sensors in heavy industry verticals. The global market for pyrometers is significantly driven by the rising need for automated, user-friendly, and portable temperature sensing technologies. Surface temperature sensors are being used in large industries and industrial facilities, which is accelerating the industry's growth rate. For workers' protection and employee safety, the mining, metal, and mineral processing sectors need sophisticated pyrometers to identify hot surfaces and high temperatures. The main issue is the expected reduction in product commercialization and lack of awareness of items in emerging countries.
Competitive Landscape
Some Major Key Players In The Pyrometer Market:
- AMETEK Land
- Fluke Corporation
- Stenotherm Gumby
- Advanced Energy Industries, Inc.
- PCE Deutschland GmbH
- OMEGA Engineering Inc.
- DIAS Infrared GmbH
- CI Systems
- Opteron GmbH
- Calex Electronics Limited
Market Segmentation:
The pyrometer market is segmented based on type, technology, wavelength, and end-user industry. Based on type, the pyrometer market is segmented into fixed and handheld. Based on technology, the market is segmented into infrared and optical. Based on wavelength, the pyrometer market is segmented into single wavelength and multiwavelength. Based on end-user industry the market is segmented into glass, ceramics, and metal processing. Based on glass manufacturing, market is segmented into tin bath, melt tank, forehearth, lehr and others.
Based On End Users, The Metal Processing Segment Is Accounted As A Major Contributor To The Pyrometer Market.
The metal processing category is expected to hold a major share of the global pyrometer market. Pyrometers can be used at several phases of the metal processing process, including forging, going to roll, extruding, and other methods. Additionally, due to their reliable, precise, and independent temperature measuring capabilities, metal firms look for pyrometer equipment more often than other temperature measurement options like thermocouples.
The Multiwavelength Segment Witnessed Growth At A Rapid Rate.
The multiwavelength segment is projected to grow at a rapid rate in the global pyrometer market. The multiwavelength market is anticipated to grow quickly. These give valuable thermometers and are appropriate for high-temperature measurements on materials with less heat radiation. Additionally, they can simultaneously measure temperatures at one, two, or several wavelengths. Numerous metal processing facilities, such as those that quench and galvanize steel and quench and anneal stainless steels, use millimeter-wave pyrometers.
In The Region, The Asia Pacific Pyrometer Market Holds A Significant Revenue Share.
The Asia Pacific pyrometer market is expected to register the largest share in the market soon. Advancements are strengthening the demands of R&D for innovation in temperature sensors in industrial infrastructure. New HVAC applications have become possible due to price reductions and technological breakthroughs. In addition, North America is projected to grow at a rapid rate in the global pyrometer market due to the growing awareness of temperature control capabilities in manufacturing, handling, and storage across healthcare.
Recent Developments:
- In August 2023, AMETEK Land has reintroduced its highly successful SPOT pyrometer line, now equipped with improved features and advantages that cater to a diverse array of industrial applications.
Pyrometer Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 378.09 Million |
|
Revenue Forecast In 2031 |
USD 674.22 Million |
|
Growth Rate CAGR |
CAGR of 7.64% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million, volume (units) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Type, Glass Manufacturing Type, Technology, Wavelength, End-Use |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
AMETEK Land, Fluke Corporation, Stenotherm Gumby, Advanced Energy Industries, Inc., PCE Deutschland GmbH, OMEGA Engineering Inc., DIAS Infrared GmbH, CI Systems, Opteron GmbH, and Calex Electronics Limited. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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