HOME Press Releases Pyrometer Market worth USD 815.9 million by 2023

Pyrometer Market worth USD 815.9 million by 2023

The report "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 is estimated to grow from USD 542.4 Million in 2017 to USD 815.9 Million by 2023, at a CAGR of 7.0% between 2017 and 2023.

                                         Request Sample                    Request Sample

Browse  57 Figures spread through 119 Pages and in-depth TOC on "Pyrometer Market - Global forecast to 2023"
Early buyers will receive 10% customization on reports.

Increasing automation in the industrial sector and increasing demand for robust temperature–measuring devices in industries, such as glass, forging, and ceramics, are some of the driving factors for the growth of the pyrometer market. In the aforementioned industries, the devices used must be efficient and robust to perform precise operations even in harsh environments, and pyrometer is one such device. 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.

IR pyrometers expected to hold major share of pyrometer market during forecast period

The infrared (IR) pyrometer measures temperature of an object or surface from the radiation emitted by the object or surface. IR pyrometer is expected to be the dominant technology in the pyrometer 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.

Market for fixed pyrometers to hold a major share of the pyrometer market between 2017 and 2023

Fixed mount pyrometers are usually installed at one location for continuously monitoring the temperature of a target or surface. Fixed pyrometers are used for the temperature measurement in critical processes such as glass manufacturing, forging, rolling, and die casting because these pyrometers can be used in hazardous environmental conditions. Moreover, these pyrometers help in continuous temperature monitoring, which is one of the main requirements of the industries.

Metal processing industry expected to hold a major share of the pyrometer market between 2017 and 2023

In the metal processing industry, pyrometers are used to measure temperatures at different stages of various process including forging, rolling, extrusion, and die forming. Forging companies prefer robust, accurate, and standalone temperature measurement devices such as pyrometers and thermal imagers over thermocouples. This trend is expected to continue throughout the forecast period, thereby providing significant opportunities to pyrometer providers.

Europe is expected to dominate the pyrometer market between 2017 and 2023

This dominance is mainly attributed to the increasing automation in the industrial sector and the increasing demand for pyrometers for non-contact temperature measurement, which would create significant opportunities for pyrometer providers in this region. The higher growth rate is mainly attributed to the technological advancement in the temperature monitoring processes and the increasing use of remote temperature measurement devices for ensuring safety in high-temperature applications such as forging, glass, and ceramics. Europe is the second-largest steel producer in the world; hence, it is expected that there would be a significant demand for pyrometers in this region in the near future.

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) are the major players in the pyrometer market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports