Pyrometer Market

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

Report Code: SE 2540 Jan, 2018, by marketsandmarkets.com

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.

Pyrometer Market

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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.

Pyrometer Market

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
        FIGURE 1  SCOPE OF THE STUDY
    1.4 STAKEHOLDERS

2 RESEARCH METHODOLOGY
    2.1 RESEARCH DATA
        FIGURE 2  RESEARCH METHODOLOGY
    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
                 FIGURE 3 MARKET SIZE ESTIMATION TOP-DOWN APPROACH
           2.4.2 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION BOTTOM-UP APPROACH
    2.5 DATA TRIANGULATION
        FIGURE 5 MARKET BREAKDOWN & DATA TRIANGULATION
    2.6 ASSUMPTIONS FOR THE STUDY

3 EXECUTIVE SUMMARY
  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

4 MARKET OVERVIEW
    4.1 MARKET DYNAMICS
        FIGURE 11  PYROMETER MARKET-DRIVERS, RESTRAINTS, OPPORTUNITIES, CHALLENGES
           4.1.1 DRIVERS
                 FIGURE 12  IMPACT ANALYSIS OF DRIVERS & RESTRAINTS
                    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
        FIGURE 13  VALUE CHAIN ANALYSIS AND VARIOUS COMPONENTS OF PYROMETER ECOSYSTEM
    4.3 PLAYERS BENCHMARKING
    4.4 PRICING FORECAST
        FIGURE 14  PYROMETER PRICE STRUCTURE ANALYSIS

5 GLOBAL PYROMETER MARKET BY TYPE
  FIGURE 15 GLOBAL PYROMETER MARKET SIZE, BY TYPE
    5.1 FIXED 
        FIGURE 16 GLOBAL PYROMETER MARKET FOR FIXED PYROMETER
    5.2 HANDHELD 
        FIGURE 17 GLOBAL PYROMETER MARKET FOR HANDHELD PYROMETER
    5.3 VENDOR ANALYSIS BY PYROMETER TYPE
        FIGURE 18  VENDOR ANALYSIS BY PYROMETERS TYPE

6 GLOBAL PYROMETER MARKET BY TECHNOLOGY
    6.1 COMPARATIVE ANALYSIS
        FIGURE 19 GLOBAL PYROMETER MARKET, BY TECHNOLOGY
    6.2 OPTICAL 
        FIGURE 20 MARKET FOR OPTICAL PYROMETER, BY WAVELENGTH
        FIGURE 21 MARKET FOR OPTICAL PYROMETER, BY INDUSTRY
    6.3 INFRARED 
        FIGURE 22 MARKET FOR IR PYROMETER, BY INDUSTRY
        FIGURE 23 MARKET FOR IR PYROMETER, BY WAVELENGTH

7 GLOBAL PYROMETER MARKET BY END-USE INDUSTRY  
    7.1 INTRODUCTION
        FIGURE 24 GLOBAL PYROMETER MARKET, BY INDUSTRY
    7.2 COMPARATIVE ANALYSIS
        FIGURE 25  APPLICATION OF PYROMETERS IN GLASS MANUFACTURING PROCESS
        FIGURE 26  REFURBISHMENT CYCLE OF PYROMETER AND ITS COMPONENT
    7.3 GLASS INDUSTRY
        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
    7.4 CERAMICS INDUSTRY
        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
            7.5 METAL PROCESSING
        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

8 GLOBAL PYROMETER MARKET BY REGION 
  FIGURE 38 GLOBAL PYROMETER MARKET, BY REGION
    8.1 NORTH AMERICA
        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
           8.1.1 US
           8.1.2 CANADA
           8.1.3 MEXICO
    8.2 EUROPE
        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
           8.2.1 GERMANY
           8.2.2 UK
           8.2.3 FRANCE
           8.2.4 OTHERS
    8.3 APAC
        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
           8.3.1 JAPAN
           8.3.2 CHINA
           8.3.3 INDIA
           8.3.4 SOUTH KOREA
           8.3.5 OTHERS
    8.4 ROW
        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
           8.4.1 MIDDLE EAST
           8.4.2 SOUTH AMERICA
           8.4.3 AFRICA

9 COMPETITIVE LANDSCAPE
    9.1 OVERVIEW
        FIGURE 55 COMPETITIVE LANDSCAPE
    9.2 MARKET SYNERGY
           9.2.1 NEW PRODUCT LAUNCH/DEVELOPMENT
                 FIGURE 56  NEW PRODUCT LAUNCHES/DEVELOPMENTS
           9.2.2 EXPANSIONS
                 FIGURE 57  EXPANSION
           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


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