Europe expected to dominate the pyrometer market by 2023

The pyrometer market 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.

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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.

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