Black Body Radiation Thermometer Market
Black-Body Radiation Thermometer Market Forecasts to 2030 - Global Analysis By Type (Thermal Imaging Thermometer, Spot Measuring Device and Other Types), Application (Industry , Aerospace, Medical, Architectureand Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $6.5 BN |
|
Projected Year Value (2030) |
US $11.4 BN |
|
CAGR (2023 - 2030) |
8.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Black-Body Radiation Thermometer Market is accounted for $6.5 billion in 2023 and is expected to reach $11.4 billion by 2030 growing at a CAGR of 8.4% during the forecast period. A black-body radiation thermometer is a type of thermometer that uses a portion of the thermal radiation, also known as black-body radiation that the object being measured emits to determine its temperature. The radiation emitted from an object is used by black-body radiation thermometers to determine temperature. The temperature range that black-body radiation thermometers can measure is from a few hundred to several thousand degrees Celsius. Their adaptability renders them appropriate for an array of uses, including scientific investigation, glass production, and metalworking.
Market Dynamics:
Driver:
Precision and accuracy
While measuring temperature, black-body radiation thermometers provide excellent precision and accuracy. They are appropriate for a variety of applications where precise temperature management is crucial since they can provide extremely dependable temperature measurements. Additionally, for the purpose of process optimization and quality control, industries including manufacturing, aerospace, and scientific research depend on accurate temperature monitoring. These factors propel market demand.
Restraint:
High cost
In comparison to other temperature-measuring instruments like contact thermocouples or infrared thermometers, black-body radiation thermometers can be a little costly. Black-body radiation thermometers can be more expensive to buy than other temperature-measuring instruments like non-contact infrared thermometers or contact thermocouples. However, some businesses, particularly small and medium-sized enterprises (SMEs), may be discouraged from purchasing these instruments due to their high cost. Therefore, high costs are a significant barrier to market expansion.
Opportunity:
Rising need in research and laboratory
The need for precise temperature measurement in scientific research and laboratory settings is rising. Black-body radiation thermometers are useful instruments for scientists and researchers in fields including chemistry, physics, and material science. Black-body radiation thermometers can have their measurement range expanded to include both lower and higher temperatures through research and development. These factors enhance market growth.
Threat:
Safety concerns
In manufacturing facilities, industrial furnaces, and metal processing, among other places, extremely high temperatures are frequently measured using black-body radiation thermometers. However, if not appropriately controlled, the high temperatures could endanger the safety of both operators and equipment. Workers who are exposed to hot conditions face the risk of getting burns or developing health problems from the heat. These factors hinder the market growth.
Covid-19 Impact
Accurate temperature monitoring in healthcare settings has become increasingly vital as a result of the COVID-19 epidemic. Black-body radiation thermometers were frequently employed for fever screening at airports, public places, and healthcare facilities because they provide accurate non-contact temperature readings. Black-body radiation thermometers were essential for monitoring and guaranteeing the quality and safety of goods and procedures in sectors that were vital to the pandemic response, including pharmaceuticals, food processing, and the manufacture of medical equipment. The pandemic brought to light the importance of precise temperature regulation, which increased the use of these thermometers.
The medical segment is expected to be the largest during the forecast period
The medical segment is estimated to hold the largest share. BBRTs are used to measure the body temperature of patients. They are frequently used for precise, non-contact temperature monitoring, particularly in situations where it's critical to reduce the possibility of cross-contamination, like in airport or healthcare facility fever screening. BBRTs are utilized in labs and medical studies to guarantee accurate temperature readings. Additionally, they could be employed in pharmaceutical and medical device manufacturing processes for quality control, calibrations, and tests.
The spot measuring device segment is expected to have the highest CAGR during the forecast period
The spot measuring device segment is anticipated to have lucrative growth during the forecast period. Spot measurement devices are intended to measure the temperature at a single spot or point on the surface of an object. These gadgets are frequently employed in many different fields and applications where accurate temperature readings at certain sites are essential. Spot measurement devices are designed to measure the temperature at a single place or point on the surface of an object. They offer extremely localized temperature data, which is helpful in applications requiring precise monitoring of temperature variations across a surface.
Region with largest share:
North America commanded the largest market share during the extrapolated period. North America is dedicated to a wide range of industries, including manufacturing, aerospace, automotive, healthcare, and pharmaceuticals. Since many of these sectors need very precise temperature monitoring and calibration, BBRTs are an essential tool for process optimization and quality control. North America also boasts strong pharmaceutical and healthcare sectors. BBRTs are utilized in life sciences research labs, pharmaceutical manufacturing, and medical equipment calibration for temperature monitoring and quality control.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period. Asia-Pacific is a center of the world's manufacturing, especially in China. Temperature monitoring and control are essential in many industries and manufacturing facilities to guarantee process effectiveness and product quality. Significant investments are being made in research and development in this region. For scientific testing, research, and experiments in disciplines such as environmental sciences, chemistry, and materials science, BBRTs are essential.
Key players in the market
Some of the key players in the Black-Body Radiation Thermometer Market include Bosch, LumaSense, Omron, Fluke, IFM Efector, Chino Works America, Siemens, Microlife , OMEGA Engineering, Exergen, Pyrometer Instrument, American Diagnostic, Keyence, Kane International, Honeywell, Trumeter and Optris.
Key Developments:
In September 2023, Bosch and Novulis enter a close strategic global partnership to enable technology-driven business transformations. Bosch Software and Digital Solutions (SDS) is the global software powerhouse for the Bosch Group helping enterprises across diverse industries in their digital transformation journeys in creating new digital business models, enabling resilient long-term business operations and accelerate sustainability initiatives.
In November 2022, Bosch and IBM today announced that they are partnering on a strategic quantum computing engagement. As part of this engagement, Bosch will also join the IBM Quantum Network. Experts from both companies will work jointly to investigate and further develop potential applications of quantum computing in the field of material science.
Types Covered:
• Thermal Imaging Thermometer
• Spot Measuring Device
• Other Types
Applications Covered:
• Industry
• Aerospace
• Medical
• Architecture
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Black-Body Radiation Thermometer Market, By Type
5.1 Introduction
5.2 Thermal Imaging Thermometer
5.3 Spot Measuring Device
5.4 Other Types
6 Global Black-Body Radiation Thermometer Market, By Application
6.1 Introduction
6.2 Industry
6.3 Aerospace
6.4 Medical
6.5 Architecture
6.6 Other Applications
7 Global Black-Body Radiation Thermometer Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Bosch
9.2 LumaSense
9.3 Omron
9.4 Fluke
9.5 IFM Efector
9.6 Chino Works America
9.7 Siemens
9.8 Microlife
9.9 OMEGA Engineering
9.10 Exergen
9.11 Pyrometer Instrument
9.12 American Diagnostic
9.13 Keyence
9.14 Kane International
9.15 Honeywell
9.16 Trumeter
9.17 Optris
List of Tables
1 Global Black-Body Radiation Thermometer Market Outlook, By Region (2021-2030) ($MN)
2 Global Black-Body Radiation Thermometer Market Outlook, By Type (2021-2030) ($MN)
3 Global Black-Body Radiation Thermometer Market Outlook, By Thermal Imaging Thermometer (2021-2030) ($MN)
4 Global Black-Body Radiation Thermometer Market Outlook, By Spot Measuring Device (2021-2030) ($MN)
5 Global Black-Body Radiation Thermometer Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Black-Body Radiation Thermometer Market Outlook, By Application (2021-2030) ($MN)
7 Global Black-Body Radiation Thermometer Market Outlook, By Industry (2021-2030) ($MN)
8 Global Black-Body Radiation Thermometer Market Outlook, By Aerospace (2021-2030) ($MN)
9 Global Black-Body Radiation Thermometer Market Outlook, By Medical (2021-2030) ($MN)
10 Global Black-Body Radiation Thermometer Market Outlook, By Architecture (2021-2030) ($MN)
11 Global Black-Body Radiation Thermometer Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Black-Body Radiation Thermometer Market Outlook, By Country (2021-2030) ($MN)
13 North America Black-Body Radiation Thermometer Market Outlook, By Type (2021-2030) ($MN)
14 North America Black-Body Radiation Thermometer Market Outlook, By Thermal Imaging Thermometer (2021-2030) ($MN)
15 North America Black-Body Radiation Thermometer Market Outlook, By Spot Measuring Device (2021-2030) ($MN)
16 North America Black-Body Radiation Thermometer Market Outlook, By Other Types (2021-2030) ($MN)
17 North America Black-Body Radiation Thermometer Market Outlook, By Application (2021-2030) ($MN)
18 North America Black-Body Radiation Thermometer Market Outlook, By Industry (2021-2030) ($MN)
19 North America Black-Body Radiation Thermometer Market Outlook, By Aerospace (2021-2030) ($MN)
20 North America Black-Body Radiation Thermometer Market Outlook, By Medical (2021-2030) ($MN)
21 North America Black-Body Radiation Thermometer Market Outlook, By Architecture (2021-2030) ($MN)
22 North America Black-Body Radiation Thermometer Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Black-Body Radiation Thermometer Market Outlook, By Country (2021-2030) ($MN)
24 Europe Black-Body Radiation Thermometer Market Outlook, By Type (2021-2030) ($MN)
25 Europe Black-Body Radiation Thermometer Market Outlook, By Thermal Imaging Thermometer (2021-2030) ($MN)
26 Europe Black-Body Radiation Thermometer Market Outlook, By Spot Measuring Device (2021-2030) ($MN)
27 Europe Black-Body Radiation Thermometer Market Outlook, By Other Types (2021-2030) ($MN)
28 Europe Black-Body Radiation Thermometer Market Outlook, By Application (2021-2030) ($MN)
29 Europe Black-Body Radiation Thermometer Market Outlook, By Industry (2021-2030) ($MN)
30 Europe Black-Body Radiation Thermometer Market Outlook, By Aerospace (2021-2030) ($MN)
31 Europe Black-Body Radiation Thermometer Market Outlook, By Medical (2021-2030) ($MN)
32 Europe Black-Body Radiation Thermometer Market Outlook, By Architecture (2021-2030) ($MN)
33 Europe Black-Body Radiation Thermometer Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Thermal Imaging Thermometer (2021-2030) ($MN)
37 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Spot Measuring Device (2021-2030) ($MN)
38 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Other Types (2021-2030) ($MN)
39 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Application (2021-2030) ($MN)
40 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Industry (2021-2030) ($MN)
41 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Aerospace (2021-2030) ($MN)
42 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Medical (2021-2030) ($MN)
43 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Architecture (2021-2030) ($MN)
44 Asia Pacific Black-Body Radiation Thermometer Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Black-Body Radiation Thermometer Market Outlook, By Country (2021-2030) ($MN)
46 South America Black-Body Radiation Thermometer Market Outlook, By Type (2021-2030) ($MN)
47 South America Black-Body Radiation Thermometer Market Outlook, By Thermal Imaging Thermometer (2021-2030) ($MN)
48 South America Black-Body Radiation Thermometer Market Outlook, By Spot Measuring Device (2021-2030) ($MN)
49 South America Black-Body Radiation Thermometer Market Outlook, By Other Types (2021-2030) ($MN)
50 South America Black-Body Radiation Thermometer Market Outlook, By Application (2021-2030) ($MN)
51 South America Black-Body Radiation Thermometer Market Outlook, By Industry (2021-2030) ($MN)
52 South America Black-Body Radiation Thermometer Market Outlook, By Aerospace (2021-2030) ($MN)
53 South America Black-Body Radiation Thermometer Market Outlook, By Medical (2021-2030) ($MN)
54 South America Black-Body Radiation Thermometer Market Outlook, By Architecture (2021-2030) ($MN)
55 South America Black-Body Radiation Thermometer Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Thermal Imaging Thermometer (2021-2030) ($MN)
59 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Spot Measuring Device (2021-2030) ($MN)
60 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Other Types (2021-2030) ($MN)
61 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Application (2021-2030) ($MN)
62 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Industry (2021-2030) ($MN)
63 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Aerospace (2021-2030) ($MN)
64 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Medical (2021-2030) ($MN)
65 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Architecture (2021-2030) ($MN)
66 Middle East & Africa Black-Body Radiation Thermometer Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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