Pyrometer Market – Size, Outlook, Trends and Forecast (2024

Pyrometer Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A pyrometer is a device which is used to measure the temperature at high levels by a process called pyrometry. Pyrometer consists of a small dial that shows the measured temperature of a hot object. Pyrometers are the category in thermometers which are used to measure the heat and heat discharged by any object. Raise in automatic heat-sensing technology among different manufacturing industries is increasing the growth of the market. Some of the restrain facing the pyrometer market is accuracy is easily affected by air, smoke and high price of equipment are the factors which lag the market growth.

Pyrometer Market Size & Growth:

Pyrometer Market size is projected to reach approximately $816.9 million by the end of 2024 with a CAGR of close to 7.1% from $457.7 million in 2017 during the forecast timeline 2018-2024. The factors that propel the growth of the market are Increase in demand for temperature measuring devices in Industrial sector and Raise in Industrial automation among various manufacturing Industries are the factors tend to the market growth. The market is expected to raise at a stable rate during the forecast period due to Increase in the market growth across the globe.

Pyrometer Market Segments Share:

Pyrometer market is segmented based on type which consists of Fixed type pyrometer and Hand-Held type pyrometer. Fixed type pyrometers are the old type which is fixed and cannot be moved. Hand Held type pyrometers or portable type pyrometers which can be taken to any place for measuring heat. It has a great importance when the body or

Pyrometer Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

object which must be measured is unable to take to the fixed installation type pyrometer. Hand Held Pyrometers are also having importance to measure the heat of the machine parts which are inside. Portable or Hand-Held Pyrometers are widely used in Ceramics, glass and metal industries. Based on technology Pyrometer market is segmented as Optical and Infrared or radiation pyrometer. Optical Pyrometers are used to measure the thermal radiation in the visible spectrum. Infrared pyrometers are used to record the temperature of the body from the emitted radiation of the body. Infrared pyrometers are high in sensitivity and are used in end-user industries such as glass, ceramics food and other. IR pyrometers are also used in Hazardous conditions to detect the heat. These are the factors which tend the Infrared pyrometers to hold a huge share during the forecast period. Based on the operation type the Pyrometer is segmented as Automated and Manual temperature detection. Automated temperature detection pyrometer holds the huge share of the market because it measures the heat of and body or objects automatically without any manual operation. It also reduces the human errors like jerks, shakes and other. On the basis of End-user industry, the Pyrometry market is segmented into Automotive, Aerospace and Défense, Industrial, petrochemicals, Metallurgy and other. Based on Geography, Asia Pacific is having the largest market share and is expected to have the same in future due to Increase in demand for temperature measuring devices in Industrial sector, Raise in Industrial automation among various manufacturing Industries in

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Pyrometer Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

different parts of Asia Pacific are the factors. On the other hand, Europe also holds a considerable share due to increase in automated industrialization.

Pyrometer Market Trends:

Accurate Sensors Technologies Ltd launches latest pyrometer AL45 which is used to measure the flames and combustion gases.
Proxitron launches a new type of Infrared loop scanner, type VSB 4306 that captures hot material and measures its position.
For measuring online moisture, PCE Instruments released New device PCE-MWM 240.

Pyrometer Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Pyrometer Market are:

Accurate Sensors Technologies Ltd.
Proxitron GmbH
PCE Instruments
Lumasense Technologies, Inc.
Optris GmbH

Along with these companies, there were many other companies considered/cited in the report while analysing the Pyrometer Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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