The infrared thermometer market is projected to reach USD 3.6 billion by 2025 from USD 2.3 billion in 2020. It is expected to grow at a CAGR of 9.2% from 2020 to 2025. The major factors driving the market's growth include the increasing number of COVID-19 patients and the rising adoption of infrared thermometers across the manufacturing sector and construction applications
Fluke (US), FLIR (US), Testo (Germany), Omron (Japan), Microlife (Taiwan), Hill-Rom (US), Omega Engineering (US), PCE Instruments (UK), Chino Corporation (Japan), and AMETEK Land (UK)are some of the key players operating in the infrared thermometer market. These players have adopted various growth strategies such as product launches, acquisitions, expansions, collaborations, and partnerships to expand their presence in the market.
The strategy of product launches was the major strategy adopted by these key players from 2018 to 2020 to strengthen their product portfolios and broaden their customer bases.
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Fluke was ranked 1st in the infrared thermometer market. Fluke Corporation operates as a wholly owned subsidiary of Fortive Corporation. The company is involved in the manufacturing, distributing, and servicing of electronic test tools and software. It has more than 70 years of experience developing and manufacturing thermal imaging cameras and modules for various applications, including industrial/electronic service installation and maintenance, indoor air quality, calibration, and biomedical.
FLIR held the 2nd place in the infrared thermometer market. FLIR is a globally leading technology company focused on intelligent sensing solutions for defense, industrial, and commercial applications. The company designs, develops, markets, and distributes technologies used to enhance the user’s perception and awareness. It offers thermal imaging systems, threat detection systems, locator systems, and measurement and diagnostic systems to cater to the demand from its customers from verticals such as military & defense, energy & utilities, construction, transportation, and industrial manufacturing. The company has a geographic presence worldwide, including North and South (Latin) America, APAC, Europe, and RoW.
Infrared Thermometer Market by Type (Fixed, Portable), Component (Optical, Display & Interface Units), Application (Medical, Non-Medical), End-Use (Residential, Commercial, Industrial), and Geography - Global Forecast to 2025
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