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Thermocouples & High End Optical Pyrometers Market: Market Leadership
The Thermocouple and Optical Pyrometers market has witnessed significant developments since past decades. The companies in North America have shown an extensive growth and have a major market share in the Thermocouple and Optical Pyrometers ecosystem. North America followed by Europe isgiving fierce competition, by mainly concentrating on the upgrading of the existing Thermocouples and innovative developments for Optical Pyrometers. TheThermocouple and Optical Pyrometers market is endorsing a rampage of new product developments, expansions and acquisitions, and other activities in the research and development field.
In the modern context, Honeywell International Inc. (U.S.) is the crown holder in the Thermocouple and Optical Pyrometers ecosystem. Honeywell is involved in the manufacturing of various types of temperature sensors including Thermocouples and Optical Pyrometers. Thermocouples and Optical Pyrometers are the part of semiconductor materials and services segment of the performance materials and technologies domain of the company. Geographically, the divisionís revenue is skewed toward matured markets of the U.S. and Europe. The company has taken a number of margin improvement initiatives for broadening its product portfolio by continued investments in new products and solutions and targeting long-term growth. The company also continuously monitors its product portfolio and dissociates those products that do not fit within its long-term strategic plan.
The major competitors of Honeywell International Inc. inthe U.S. are Omega Engineering Inc. (U.S.), Raytek Corp. (U.S.), and LumaSense Technologies Inc. (U.S.). The other major competitors who competes the company on a global level are ABB Ltd. (Switzerland), Land Instruments Inc. (U.K.), and BASF SE (Germany).
Thermocouples and High End Optical Pyrometer Market by product Types, Applications (Automotive, Petrochemical, Consumer Utility, Glass, and Aerospace & Defense) and Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2010 - 2020
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