Pyrometer Market by Type (Fixed Type, Handheld Type), Technology (Optical, Infrared), End-use Vertical (Glass Industry, Ceramic Industry, Metal Processing Industry), and Geography (North America, Europe, Asia Pacific, RoW) - Global forecast to 2023
The pyrometer market 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 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 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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Table of Contents
1. Introduction
1.1. Objective of the Study
1.2. Market Definition and Scope of the Study
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Data
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
3. Executive Summary
4. Market Overview
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Increasing Demand for Robust Temperature Measuring Devices in Critical Industries
4.1.1.2. Increasing Automation in the Industrial Sector
4.1.2. Restraints
4.1.2.1. Varying Emissivity of the Object or Surface
4.1.3. Opportunities
4.1.3.1. Growing Forge Industry in Developing Economies
4.1.3.2. Technological Advancement
4.1.4. Challenges
4.1.4.1. Accurate Temperature Measurement in Varying Industrial Conditions
4.2. Value Chain Analysis
4.3. Players Benchmarking
4.4. Pricing Forecast
5. Global Pyrometer Market By Type
5.1. Fixed
5.2. Handheld
5.3. Vendor Analysis By Pyrometer Type
6. Global Pyrometer Market By Technology
6.1. Comparative Analysis
6.2. Optical
6.3. Infrared
7. Global Pyrometer Market By End-Use Industry
7.1. Introduction
7.2. Comparative Analysis
7.3. Glass Industry
7.4. Ceramics Industry
7.5. Metal Processing
8. Global Pyrometer Market By Region
8.1. North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
8.2. Europe
8.2.1. Germany
8.2.2. UK
8.2.3. France
8.2.4. Others
8.3. APAC
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. South Korea
8.3.5. Others
8.4. RoW
8.4.1. Middle East
8.4.2. South America
8.4.3. Africa
9. Competitive Landscape
9.1. Overview
9.2. Market Synergy
9.2.1. New Product Launch/Development
9.2.2. Expansions
9.2.3. Partnerships, and Collaborations
10. Company Profile
(Business Overview, Key Financials, Products Offered, and Recent Developments)*
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
10.13. Micro-Epsilon
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.
11. Appendix
11.1. Knowledge Store: Marketsandmarkets’ Subscription Portal
11.2. Marketsandmarkets Knowledge Store: Snapshot
11.3. Related Reports
11.4. Author Details
List of Figures (57 Figures)
Figure 1 Scope of the Study
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 Market, By Industry (2017)
Figure 7 Global Market, By Industry (2023)
Figure 8 Global Market, By Type (2017)
Figure 9 Global Market, By Type (2023)
Figure 10 Global Market, By Technology
Figure 11 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 Market for Fixed Pyrometer
Figure 17 Global Market for Handheld Pyrometer
Figure 18 Vendor Analysis By Pyrometers Type
Figure 19 Global 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 Market, By Industry
Figure 25 Application of Pyrometers in Glass Manufacturing Process
Figure 26 Refurbishment Cycle of Pyrometer and Its Component
Figure 27 Global Market Size for Glass Industry (2015–2023)
Figure 28 Global Market Size, By Glass Industry
Figure 29 Global Market for Glass Industry, By Type
Figure 30 Global Market for Glass Industry, By Technology
Figure 31 Global Market for Ceramics Industry, 2017 & 2023
Figure 32 Global Market for Ceramics Industry, By Type
Figure 33 Global 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 Market for Metal Processing Industry, By Type
Figure 37 Global Market for Metal Processing Industry, By Technology
Figure 38 Global Market, By Region
Figure 39 Global Market in North America, By Country
Figure 40 Global Market in North America, By Technology
Figure 41 Global Market in North America, By Industry
Figure 42 Global Market in North America, By Type
Figure 43 Global Market in Europe, By Country
Figure 44 Global Market in Europe, By Technology
Figure 45 Global Market in Europe, By Industry
Figure 46 Global Market in Europe, By Type
Figure 47 Global Market in APAC, By Country
Figure 48 Global Market in APAC, By Technology
Figure 49 Global Market in APAC, By Industry
Figure 50 Global Market in APAC, By Type
Figure 51 Global Market in RoW, By Region
Figure 52 Global Market in RoW, By Technology
Figure 53 Global Market in RoW, By Industry
Figure 54 Global Market Size in RoW, By Type
Figure 55 Competitive Landscape
Figure 56 New Product Launches/Developments
Figure 57 Expansion
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Growth opportunities and latent adjacency in Pyrometer Market