Pyrometer market was valued at USD 542.4 million in 2017 and is expected to reach USD 815.9 million by 2023, at a CAGR of 7.0% between 2017 and 2023. The increasing demand for robust temperature measurement devices in critical industries and increasing automation in the industrial sector are the major drivers for the pyrometer market growth, while varying emissivity of the object or surface restrains the growth of the pyrometer market.
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- Component manufacturers and distributors
- Pyrometer providers
- Pyrometer distributors
- Pyrometer manufacturers
- End users (Glass, Ceramics, Metal Process, and other industries)
- Analysts and strategic business planners
- Research organizations
- Associations, organizations, and alliances related to pyrometers
The pyrometer market in Europe is expected to grow at the highest CAGR between 2017 and 2023. Europe is expected to witness rapid growth in the pyrometer market in the near future owing to technological advancement and growing automation in the industrial sector.
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Moreover, the presence of significant number of steel producers helps the market to grow in the region.
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Increasing automation in the metal processing industry driving the growth of the pyrometer market in this industry. Pyrometers are used in the metal processing industry to measure temperatures at different stages of various processes such as forging, rolling, extrusion, and die forming.
Moreover, the increasing use of pyrometers for reducing machinery damages and downtime expected to create significant opportunities for the pyrometer providers.
Market for IR pyrometers expected to grow at the highest CAGR during the forecast period
The infrared (IR) pyrometer measures temperature of the object or surface from the radiation emitted by the object or surface. The sensitivity of IR pyrometer is high, which makes it suitable for end-user industries to detect high temperature with more accuracy; these pyrometers can be used in hazardous environmental conditions in various industries such as metal processing, glass, ceramics, food, and paper.
Moreover, technological advancement in industrial sector helping pyrometer market to grow significantly.
2 Market Synergy
2.1 New product launch/development
2.3 Partnerships, and Collaborations
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The report defines, describes, and forecasts the pyrometer market based on technology, type, industry, and geography. It provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the pyrometer market.
It also analyzes the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by the key players to grow in the market.
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