Pyrometer market expected to grow at a CAGR of 7.0% between 2017 and 2023
The pyrometer market was valued at USD 542.4 million in 2017 and is expected to reach USD 815.9 million by 2023, at a CAGR of 7.0% between 2017 and 2023. The increasing demand for robust temperature measurement devices in critical industries and increasing automation in the industrial sector are the major drivers for the pyrometer market growth, while varying emissivity of the object or surface restrains the growth of the pyrometer market.
Pyrometer market for metal processing industry expected to grow at the highest CAGR during the forecast period
Increasing automation in the metal processing industry driving the growth of the pyrometer market in this industry. Pyrometers are used in the metal processing industry to measure temperatures at different stages of various processes such as forging, rolling, extrusion, and die forming. Moreover, the increasing use of pyrometers for reducing machinery damages and downtime expected to create significant opportunities for the pyrometer providers.
Market for IR pyrometers expected to grow at the highest CAGR during the forecast period
The infrared (IR) pyrometer measures temperature of the object or surface from the radiation emitted by the object or surface. The sensitivity of IR pyrometer is high, which makes it suitable for end-user industries to detect high temperature with more accuracy; these pyrometers can be used in hazardous environmental conditions in various industries such as metal processing, glass, ceramics, food, and paper. Moreover, technological advancement in industrial sector helping pyrometer market to grow significantly.
Pyrometer market in Europe expected to grow at highest CAGR during forecast period
The pyrometer market in Europe is expected to grow at the highest CAGR between 2017 and 2023. Europe is expected to witness rapid growth in the pyrometer market in the near future owing to technological advancement and growing automation in the industrial sector. Moreover, the presence of significant number of steel producers helps the market to grow in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profiles of primary participants has been given below:
By Company Type: Tier 1—20%, Tier 2—55%, and Tier 3—25%
By Designation: C-Level Executives—50%, Directors—25%, and Others—25%
By Region: North America—35%, Europe—40%, APAC—20%, and RoW—5%
Major players in the pyrometer market are Land Instruments International (UK), Advanced Energy Industries (US), Accurate Sensors Technologies (Israel), Proxitron (Germany), PCE Instruments (Germany), LumaSense Technologies (US), Optris (Germany), AOIP (France), Optron (Germany), BARTEC (Germany), CHINO CORPORATION (Japan) Calex Electronics (UK), Micro-Epsilon (Germany), B+B Thermo-Technik (Germany), OPTEX CO. (Japan), OMEGA Engineering (UK), and Fluke Process Instruments (US).
The report defines, describes, and forecasts the pyrometer market based on technology, type, industry, and geography. It provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the pyrometer market. It also analyzes the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by the key players to grow in the market.
Reasons to Buy the Report:
Illustrative segmentation, analysis, and forecast pertaining to the pyrometer market based on technology, type, industry, and geography have been conducted to provide an overall view of the pyrometer market.
Major drivers, restraints, opportunities, and challenges affecting the pyrometer market growth have been detailed in this report.
A detailed competitive landscape of the key players in the market, along with their revenues, has been included.
What is the estimated value of the Pyrometer Market?
What is the growth rate of the Pyrometer Market?
What is the forecasted size of the Pyrometer Market?
Who are the key companies in the Pyrometer Market?
|No. of Pages||119|
|Forecast Period||2017 - 2023|
|Estimated Market Value ( USD ) in 2017||$ 542.4 million|
|Forecasted Market Value ( USD ) by 2023||$ 815.9 million|
|Compound Annual Growth Rate||7.0%|
1.2. Market Definition and Scope of the Study
1.3. Markets Covered
2.2. Secondary Data
2.3. Primary Data
2.3.1. Primary Sources
2.3.2. Key Industry Insights
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Assumptions for the Study
188.8.131.52. Increasing Demand for Robust Temperature Measuring Devices in Critical Industries
184.108.40.206. Increasing Automation in the Industrial Sector
220.127.116.11. Varying Emissivity of the Object or Surface
18.104.22.168. Growing Forge Industry in Developing Economies
22.214.171.124. Technological Advancement
126.96.36.199. Accurate Temperature Measurement in Varying Industrial Conditions
4.2. Value Chain Analysis
4.3. Players Benchmarking
4.4. Pricing Forecast
5.3. Vendor Analysis By Pyrometer Type
7.2. Comparative Analysis
7.3. Glass Industry
7.4. Ceramics Industry
7.5. Metal Processing
8.3.4. South Korea
8.4.1. Middle East
8.4.2. South America
9.2. Market Synergy
9.2.1. New Product Launch/Development
9.2.3. Partnerships, and Collaborations
10.1. Accurate Sensors Technologies Ltd.
10.2. Proxitron GmbH
10.3. PCE Instruments
10.4. Lumasense Technologies, Inc.
10.5. Optris GmbH
10.6. AOIP SAS
10.7. Optron GmbH
10.8. BARTEC GmbH
10.9. CHINO CORPORATION
10.10. Calex Electronics Limited
10.11. Advanced Energy Industries, Inc.
10.12. Land Instruments International
10.14. B+B Thermo-Technik GmbH
10.15. OPTEX CO., Ltd.
10.16. OMEGA Engineering
10.17. Fluke Process Instruments
*Details On Business Overview, Key Financials, Products Offered, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.
Figure 2 Research Methodology
Figure 3 Market Size Estimation Top-Down Approach
Figure 4 Market Size Estimation Bottom-Up Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Global Pyrometer Market, By Industry (2017)
Figure 7 Global Pyrometer Market, By Industry (2023)
Figure 8 Global Pyrometer Market, By Type (2017)
Figure 9 Global Pyrometer Market, By Type (2023)
Figure 10 Global Pyrometer Market, By Technology
Figure 11 Pyrometer Market-Drivers, Restraints, Opportunities, Challenges
Figure 12 Impact Analysis of Drivers & Restraints
Figure 13 Value Chain Analysis and Various Components of Pyrometer Ecosystem
Figure 14 Pyrometer Price Structure Analysis
Figure 15 Global Pyrometer Market Size, By Type
Figure 16 Global Pyrometer Market for Fixed Pyrometer
Figure 17 Global Pyrometer Market for Handheld Pyrometer
Figure 18 Vendor Analysis By Pyrometers Type
Figure 19 Global Pyrometer Market, By Technology
Figure 20 Market for Optical Pyrometer, By Wavelength
Figure 21 Market for Optical Pyrometer, By Industry
Figure 22 Market for IR Pyrometer, By Industry
Figure 23 Market for IR Pyrometer, By Wavelength
Figure 24 Global Pyrometer Market, By Industry
Figure 25 Application of Pyrometers in Glass Manufacturing Process
Figure 26 Refurbishment Cycle of Pyrometer and Its Component
Figure 27 Global Pyrometer Market Size for Glass Industry (2015–2023)
Figure 28 Global Pyrometer Market Size, By Glass Industry
Figure 29 Global Pyrometer Market for Glass Industry, By Type
Figure 30 Global Pyrometer Market for Glass Industry, By Technology
Figure 31 Global Pyrometer Market for Ceramics Industry, 2017 & 2023
Figure 32 Global Pyrometer Market for Ceramics Industry, By Type
Figure 33 Global Pyrometer Market for Ceramics Industry, By Technology
Figure 34 Pyrometers Market in Metal Processing (2017 & 2023)
Figure 35 Application of Pyrometers in Metal Processing (2017–2023)
Figure 36 Global Pyrometer Market for Metal Processing Industry, By Type
Figure 37 Global Pyrometer Market for Metal Processing Industry, By Technology
Figure 38 Global Pyrometer Market, By Region
Figure 39 Global Pyrometer Market in North America, By Country
Figure 40 Global Pyrometer Market in North America, By Technology
Figure 41 Global Pyrometer Market in North America, By Industry
Figure 42 Global Pyrometer Market in North America, By Type
Figure 43 Global Pyrometer Market in Europe, By Country
Figure 44 Global Pyrometer Market in Europe, By Technology
Figure 45 Global Pyrometer Market in Europe, By Industry
Figure 46 Global Pyrometer Market in Europe, By Type
Figure 47 Global Pyrometer Market in APAC, By Country
Figure 48 Global Pyrometer Market in APAC, By Technology
Figure 49 Global Pyrometer Market in APAC, By Industry
Figure 50 Global Pyrometer Market in APAC, By Type
Figure 51 Global Pyrometer Market in RoW, By Region
Figure 52 Global Pyrometer Market in RoW, By Technology
Figure 53 Global Pyrometer Market in RoW, By Industry
Figure 54 Global Pyrometer Market Size in RoW, By Type
Figure 55 Competitive Landscape
Figure 56 New Product Launches/Developments
Figure 57 Expansion
- AOIP SAS
- Accurate Sensors Technologies Ltd.
- Advanced Energy Industries, Inc.
- B+B Thermo-Technik GmbH
- BARTEC GmbH
- CHINO CORPORATION
- Calex Electronics Limited
- Fluke Process Instruments
- Land Instruments International
- Lumasense Technologies, Inc.
- OMEGA Engineering
- OPTEX CO., Ltd.
- Optris GmbH
- Optron GmbH
- PCE Instruments
- Proxitron GmbH