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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Pyrometer Market projected to be 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. 

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The pyrometer market has been segmented, on the basis of type, into fixed and handheld. The fixed type led the pyrometer market in 2016. These pyrometers are used in temperature monitoring processes in critical industries, such as glass, forging, and ceramics.

On the basis of industry, the pyrometer market has been segmented into glass, metal processing, and ceramics. The pyrometer market for the metal processing industry is expected to grow at the highest CAGR between 2017 and 2023 owing to the advancement in the forging industry. Moreover, forging companies prefer robust, accurate, and standalone temperature measurement device including pyrometer.

The global pyrometer market is broadly classified on the basis of technology into infrared pyrometers and optical pyrometers. IR pyrometers expected to hold a major share of 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.

Europe led the overall pyrometer market and accounted for the largest market share, followed by APAC. The pyrometer market in Europe is expected to grow rapidly during the forecast period. The key drivers for the growth of this market in Europe include the increasing demand for robust temperature measurement devices and increasing automation in the industrial sector. Moreover, the increasing use of pyrometers in metal processing, glass, and ceramics industries further drives the pyrometer market in Europe.

Varying emissivity of the object or surface is restraining the growth of the pyrometer market. All the radiating objects or surfaces have a specific emissivity behavior resulting into a complex designing of the pyrometer. However, surface properties of the material change during the manufacturing process leading to change in the emissivity of the object or surface. It is difficult to design a pyrometer that can accurately measure the temperatures of the objects having different emissivity levels; hence, varying emissivity is considered a restraining factor for the growth of the pyrometer market.

Major players in this market include 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).

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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.

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Pyrometer Market | Revenue Intelligence Study

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.


The Pyrometer Market is expected 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.

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

The pyrometer market has been segmented on the basis of geography into North America, Europe, APAC, and RoW. The market in the Europe is expected to grow at the highest CAGR between 2017 and 2023. The higher growth rate in the region is mainly attributed to technological advancements in temperature monitoring devices and the presence of a large number of steel producers in the region.


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.


The market for IR pyrometers is expected to grow at the highest CAGR during the forecast period. This dominance of the IR pyrometer is mainly attributed to its high sensitivity in high temperature applications, which make it suitable for end-use industries to detect high temperature with more accuracy.


Contactless temperature measurement is a very complex process. However, it is necessary to use contactless temperature measurement devices because of the high temperature and harsh environmental conditions in some industries such as metal processing and glass manufacturing.

In these industries, introduction of new methods, sensors, and integration of multiple sensors and electronics into a single device may resolve many issues, which cannot be resolved by the traditional pyrometers.


Therefore, prominent pyrometer manufacturers can leverage the opportunity to increase their market share by ramping up research and development (R&D) activities and introducing new and advanced pyrometers in the market.


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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.

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

Pyrometer Market expected to be 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. 

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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.

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