Pyrometer Market

The pyrometer market size was valued at USD 456.7 Million in 2016 and is expected to reach USD 815.9 Million by 2023, at a CAGR of 7.0% during the forecast period. The base year considered for the study is 2016, and the forecast period considered is 2017-2023. This report provides a detailed analysis of the market based on technology, type, industry, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their market rankings and core competencies, along with detailing the competitive landscape for the market leaders.

The research methodology used to estimate and forecast the pyrometer market begins with capturing the data on key vendor revenues through secondary research. Secondary sources referred for this research study include government sources, World Economic Outlook, trade websites, Hoovers, Bloomberg Businessweek, Factiva, OneSource, World Bank data, OPEC data, OICA data, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenues of key players in the market. After arriving at the overall market size, the overall market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents has been depicted in the below figure.

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Major players in the pyrometer market share include 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).

Key Target Audience:

• Component manufacturers and distributors
• Pyrometer providers
• Pyrometer distributors
• Pyrometer manufacturers
• End users (Glass, Ceramics, Metal Process, and other industries)
• Analysts and strategic business planners
• Research organizations
• Associations, organizations, and alliances related to pyrometers

“This study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report:

This research report categorizes the market on the basis of technology, type, industry, and region.

Pyrometer Market, by Technology:

• Infrared
• Optical

Pyrometer Market, by Type:

• Fixed
• Handheld

Pyrometer Market, by Industry:

• Glass
  • Melting Process
  • Float
  • Tin Bath
  • Cooling
  • Others
• Ceramics
• Metal Processing
  • Forging
  • Others

Pyrometer Market, by Region:

• North America
• Europe
• APAC
• RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to 5)

The pyrometer market is expected to be valued at USD 815.9 Million by 2023, growing at a CAGR of 7.0% between 2017 and 2023. The growth of this market can be attributed to the increasing automation in the industrial sector and increasing demand for robust temperature measurement devices in critical industries. Most processes and systems in the manufacturing industry are being automated, and accurate temperature measurement with pyrometer is one such process. This factor would increase the demand for pyrometers in the industrial sector.

The market has been segmented, on the basis of type, into fixed and handheld. The fixed type led the market in 2016. These pyrometers are used in temperature monitoring processes in critical industries, such as glass, forging, and ceramics.

On the basis of industry, the pyrometer market has been segmented into glass, metal processing, and ceramics. The market for the metal processing industry is expected to grow at the highest CAGR between 2017 and 2023 owing to the advancement in the forging industry. Moreover, forging companies prefer robust, accurate, and standalone temperature measurement device including pyrometer.

The global market is broadly classified on the basis of technology into infrared pyrometers and optical pyrometers. IR pyrometers expected to hold a major share of market during the forecast period. This dominance of the IR pyrometer is mainly attributed to its high sensitivity in high temperature, which makes it suitable for end-user industries to detect high temperature with more accuracy.

Europe led the overall pyrometer market and accounted for the largest market share, followed by APAC. The market in Europe is expected to grow rapidly during the forecast period. The key drivers for the growth of this market in Europe include the increasing demand for robust temperature measurement devices and increasing automation in the industrial sector. Moreover, the increasing use of pyrometers in metal processing, glass, and ceramics industries further drives the market in Europe.

Varying emissivity of the object or surface is restraining the growth of the pyrometer market. All the radiating objects or surfaces have a specific emissivity behavior resulting into a complex designing of the pyrometer. However, surface properties of the material change during the manufacturing process leading to change in the emissivity of the object or surface. It is difficult to design a pyrometer that can accurately measure the temperatures of the objects having different emissivity levels; hence, varying emissivity is considered a restraining factor for the growth of the market.

Major players in this market include 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).

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