Pyrometer Market
PUBLISHED: 2024 ID: SMRC26153
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Pyrometer Market

Pyrometer Market Forecasts to 2030 - Global Analysis By Type (Fixed Pyrometers, Portable Pyrometers and Other Types), Wavelength Range (Short-Wave Pyrometers, Medium-Wave Pyrometers and Long-Wave Pyrometers), Technology, Application, End User and By Geography

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4.5 (63 reviews)
Published: 2024 ID: SMRC26153

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Pyrometer Market is accounted for $388.61 million in 2023 and is expected to reach $724.19 million by 2030 growing at a CAGR of 9.3% during the forecast period. A pyrometer is an instrument used to measure high temperatures without direct contact with the object being measured. It works based on the principle of radiation emitted by hot objects. By detecting and analyzing this radiation, pyrometers determine the object's temperature accurately. Pyrometers come in different types, each suited for specific temperature ranges and environmental conditions, offering flexibility and accuracy in temperature monitoring.

According to the International Energy Agency (IEA), With the U.S. Department of the Interior planning to allow offshore exploratory drilling in about 90% of the Outer Continental Shelf (OCS) acreage under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024.

Market Dynamics: 

Driver: 

Rapid industrialization in emerging economies

As industries expand and modernize, there is a heightened need for accurate temperature measurement to ensure product quality, safety, and process efficiency. Pyrometers offer non-contact temperature sensing capabilities suitable for diverse industrial applications, making them indispensable in environments where traditional methods may be impractical or insufficient. Consequently, the growing industrial activities in emerging economies fuel the expansion of the pyrometer market as they seek to optimize their production processes.

Restraint:

Limited accuracy in certain environments

The limitation of accuracy in specific environments, such as those containing smoke, dust, or adverse atmospheric conditions, poses a significant challenge to the pyrometer market. In such settings, the performance of pyrometers may be compromised, leading to inaccuracies in temperature measurements. Industries operating in challenging environments may hesitate to invest in pyrometers due to concerns about measurement accuracy and reliability. Therefore, this aspect hampers the market growth.

Opportunity:

Growing demand in non-contact temperature measurement

Pyrometers, leveraging infrared technology, offer precise non-contact temperature measurement solutions across various industries such as automotive, aerospace, and manufacturing. Their ability to provide accurate temperature readings without physically touching the object being measured ensures efficiency and safety in industrial processes. This demand surge fuels the adoption of pyrometers, contributing to market expansion and innovation in temperature monitoring technologies.

Threat:

Challenges in calibration and maintenance

Pyrometers require regular calibration to maintain accurate temperature measurements, along with ongoing maintenance to ensure optimal performance. The associated costs, time, and expertise needed for calibration and maintenance may deter potential users, particularly small and medium-sized enterprises (SMEs) with limited resources. Additionally, complexities in calibration procedures and the need for specialized equipment or personnel can increase the overall cost of ownership, hindering the widespread adoption of pyrometers across industries and impeding market growth.

Covid-19 Impact

The covid-19 pandemic has impacted the pyrometer market by disrupting global supply chains, industrial operations, and investment activities. Lockdown measures and economic uncertainties have led to project delays and budget constraints, affecting the demand for pyrometers in various industries. Despite increased awareness of temperature monitoring for health and safety purposes during the pandemic, overall market growth has been tempered by these disruptions, resulting in a temporary slowdown in demand and investment in the pyrometer market.

The portable pyrometers segment is expected to be the largest during the forecast period

The portable pyrometers segment is estimated to have a lucrative growth. Portable pyrometers offer flexibility and convenience for temperature measurement in diverse applications and environments. Utilizing infrared technology, these handheld devices provide non-contact temperature readings quickly and accurately. Their compact size and battery-powered operation make them ideal for on-the-go measurements in industrial settings. Their versatility and ease of use make them essential tools for professionals across various industries, enabling efficient temperature monitoring and troubleshooting tasks wherever they are needed. 

The chemical processing segment is expected to have the highest CAGR during the forecast period

The chemical processing segment is anticipated to witness the highest CAGR growth during the forecast period. In chemical processing applications, pyrometers play a critical role in ensuring precise temperature control and monitoring throughout various stages of production. They enable real-time measurement of high temperatures in reactors, furnaces, and kilns, essential for maintaining optimal conditions for chemical reactions and product quality. Overall, pyrometers enhance efficiency, productivity, and safety in chemical processing applications.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period driven by rapid industrialization, infrastructure development, and technological advancements across various industries. Countries like China, India, Japan, and South Korea are witnessing increased adoption of pyrometers in sectors such as automotive, metal processing, ceramics, and electronics manufacturing. The region's expanding manufacturing base, coupled with a focus on enhancing operational efficiency and product quality, continues to fuel the growth of the pyrometer market in the Asia-Pacific region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the region's advanced manufacturing sector, stringent quality standards, and emphasis on workplace safety. The United States and Canada are major contributors to market demand. Technological advancements, such as the integration of infrared pyrometers with automation and data analytics, are driving market expansion. Additionally, increasing investments in research and development further stimulate innovation and adoption of pyrometers, contributing to the market's growth in the North American region.

Key players in the market

Some of the key players profiled in the Pyrometer Market include FLIR Systems Inc., LumaSense Technologies Inc., Ametek Land, Optris GmbH, Williamson Corporation, PCE Instruments, Omega Engineering Inc., Accurate Sensors Technologies Limited, Advanced Energy Industries Inc., Pyromation Inc., Fluke Corporation and Keller HCW GmbH.

Key Developments:

In August 2023, Ametek Land has launched its market-leading SPOT pyrometer range with enhanced features and benefits for a wide range of industrial applications. The new SPOT+ family offers a wide range of temperature measurements from 50 to 3500 °C (122 to 6332 °F) and a choice of different wavelengths for applications including metals, glass, cement and lime kilns and foundries.

In October 2021, Optris GmbH launched the new high-speed pyrometer CT 4M for tasks that require fast temperature measurement. The CT 4M measures within the spectral range of 2.2-6.0 µm, making it ideal for low-temperature measurements (from 0-500 °C) on metals, metal oxides, ceramics, or for materials with an unknown or changing emissivity.

Types Covered:
• Fixed Pyrometers
• Portable Pyrometers
• Other Types

Wavelength Ranges Covered:
• Short-Wave Pyrometers
• Medium-Wave Pyrometers
• Long-Wave Pyrometers

Technologies Covered:
• Optical Pyrometers
• Infrared Pyrometers
• Fiber Optic Pyrometers
• Two-colour Pyrometers
• Ratio Pyrometers
• Multi-wavelength Pyrometers
• Other Technologies

Applications Covered:
• Temperature Measurement
• Thermal Imaging
• Food Processing
• Chemical Processing
• Power Generation
• Other Applications

End Users Covered:
• Metals Industry
• Ceramics Industry
• Automotive Industry
• Electronics Industry
• Aerospace Industry
• Other End Users

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 Technology Analysis 
 3.7 Application Analysis 
 3.8 End User Analysis  
 3.9 Emerging Markets  
 3.10 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 Pyrometer Market, By Type 
 5.1 Introduction  
 5.2 Fixed Pyrometers  
 5.3 Portable Pyrometers 
 5.4 Other Types  
     
6 Global Pyrometer Market, By Wavelength Range
 6.1 Introduction  
 6.2 Short-Wave Pyrometers 
 6.3 Medium-Wave Pyrometers 
 6.4 Long-Wave Pyrometers 
     
7 Global Pyrometer Market, By Technology
 7.1 Introduction  
 7.2 Optical Pyrometers  
 7.3 Infrared Pyrometers 
 7.4 Fiber Optic Pyrometers 
 7.5 Two-colour Pyrometers 
 7.6 Ratio Pyrometers  
 7.7 Multi-wavelength Pyrometers 
 7.8 Other Technologies  
     
8 Global Pyrometer Market, By Application
 8.1 Introduction  
 8.2 Temperature Measurement 
 8.3 Thermal Imaging  
 8.4 Food Processing  
 8.5 Chemical Processing 
 8.6 Power Generation  
 8.7 Other Applications  
     
9 Global Pyrometer Market, By End User 
 9.1 Introduction  
 9.2 Metals Industry  
 9.3 Ceramics Industry  
 9.4 Automotive Industry 
 9.5 Electronics Industry  
 9.6 Aerospace Industry  
 9.7 Other End Users  
     
10 Global Pyrometer Market, By Geography 
 10.1 Introduction  
 10.2 North America  
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe 
 10.4 Asia Pacific  
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand 
  10.4.6 South Korea 
  10.4.7 Rest of Asia Pacific 
 10.5 South America  
  10.5.1 Argentina 
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America
 10.6 Middle East & Africa 
  10.6.1 Saudi Arabia 
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa 
  10.6.5 Rest of Middle East & Africa
     
11 Key Developments   
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers 
 11.3 New Product Launch 
 11.4 Expansions  
 11.5 Other Key Strategies 
     
12 Company Profiling   
 12.1 FLIR Systems Inc.  
 12.2 LumaSense Technologies Inc. 
 12.3 Ametek Land  
 12.4 Optris GmbH  
 12.5 Williamson Corporation 
 12.6 PCE Instruments  
 12.7 Omega Engineering Inc. 
 12.8 Accurate Sensors Technologies Limited
 12.9 Advanced Energy Industries Inc.
 12.10 Pyromation Inc.  
 12.11 Fluke Corporation  
 12.12 Keller HCW GmbH  
     
List of Tables    
1 Global Pyrometer Market Outlook, By Region (2021-2030) ($MN)
2 Global Pyrometer Market Outlook, By Type (2021-2030) ($MN)
3 Global Pyrometer Market Outlook, By Fixed Pyrometers (2021-2030) ($MN)
4 Global Pyrometer Market Outlook, By Portable Pyrometers (2021-2030) ($MN)
5 Global Pyrometer Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Pyrometer Market Outlook, By Wavelength Range (2021-2030) ($MN)
7 Global Pyrometer Market Outlook, By Short-Wave Pyrometers (2021-2030) ($MN)
8 Global Pyrometer Market Outlook, By Medium-Wave Pyrometers (2021-2030) ($MN)
9 Global Pyrometer Market Outlook, By Long-Wave Pyrometers (2021-2030) ($MN)
10 Global Pyrometer Market Outlook, By Technology (2021-2030) ($MN)
11 Global Pyrometer Market Outlook, By Optical Pyrometers (2021-2030) ($MN)
12 Global Pyrometer Market Outlook, By Infrared Pyrometers (2021-2030) ($MN)
13 Global Pyrometer Market Outlook, By Fiber Optic Pyrometers (2021-2030) ($MN)
14 Global Pyrometer Market Outlook, By Two-colour Pyrometers (2021-2030) ($MN)
15 Global Pyrometer Market Outlook, By Ratio Pyrometers (2021-2030) ($MN)
16 Global Pyrometer Market Outlook, By Multi-wavelength Pyrometers (2021-2030) ($MN)
17 Global Pyrometer Market Outlook, By Other Technologies (2021-2030) ($MN)
18 Global Pyrometer Market Outlook, By Application (2021-2030) ($MN)
19 Global Pyrometer Market Outlook, By Temperature Measurement (2021-2030) ($MN)
20 Global Pyrometer Market Outlook, By Thermal Imaging (2021-2030) ($MN)
21 Global Pyrometer Market Outlook, By Food Processing (2021-2030) ($MN)
22 Global Pyrometer Market Outlook, By Chemical Processing (2021-2030) ($MN)
23 Global Pyrometer Market Outlook, By Power Generation (2021-2030) ($MN)
24 Global Pyrometer Market Outlook, By Other Applications (2021-2030) ($MN)
25 Global Pyrometer Market Outlook, By End User (2021-2030) ($MN)
26 Global Pyrometer Market Outlook, By Metals Industry (2021-2030) ($MN)
27 Global Pyrometer Market Outlook, By Ceramics Industry (2021-2030) ($MN)
28 Global Pyrometer Market Outlook, By Automotive Industry (2021-2030) ($MN)
29 Global Pyrometer Market Outlook, By Electronics Industry (2021-2030) ($MN)
30 Global Pyrometer Market Outlook, By Aerospace Industry (2021-2030) ($MN)
31 Global Pyrometer Market Outlook, By Other End Users (2021-2030) ($MN)
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


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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