Product ID: SQSG35A2068
Report ID: SQSG35A2068 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 116 | Figures: 77
Global Infrared Thermometers Market size was valued at USD 823 million in 2021 and is poised to grow from USD 900 million in 2022 to USD 1690 million by 2030, growing at a CAGR of 9.4% in the forecast period (2023-2030).
An infrared thermometer is the temperature-estimating gadget that identifies temperatures with the assistance of infrared sensor, which switches infrared sign over completely to electrical displays and signal the outcome in units of temperature. Infrared thermometers are intended for contact or non-contact reason. These assist with checking the surface temperature for modern industrial appliances. The foremost uses that has made the infrared thermometer, so popular in the market are its dependability, linearity, cost-viability and numerous others.
The companies involved in the manufacturing of Infrared Thermometers are now focusing on maximizing the accuracy, which will provide more accurate results. This development will help the Infrared Thermometer to penetrate more in the market. The Infrared Thermometer finds their applications in diverse sectors such as medical ,industrial, food & beverages, pharmaceutical and many others.
The main factors driving the market's development incorporate the rising number of coronavirus patients and the rising acceptance of infrared thermometers across the construction applications and manufacturing sector. The infrared thermometer market generated the highest ever revenue in 2020 during the pandemic, compared to the one assessed before the pandemic.
US Infrared Thermometers Market is poised to grow at a sustainable CAGR for the next forecast year.
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The Global Infrared Thermometers Market is segmented based on type, component, application, end-use and region. Based on Type Infrared Thermometers Market is categorized into Fixed and Portable Thermometers. The Component segment is bifurcated into Optical and Display & Interface Units. By Application, the Infrared Thermometers Market study is segmented into Medical and Non-medical. Based on End-use it is categorized into Residential, Commercial, Healthcare, Food & Beverage and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Infrared Thermometers Market Analysis by Type
By type, the portable segment is projected to rule the infrared thermometer market. The key factor for the high acceptance of compact infrared thermometers is their utilization in commercial and industrial applications. Handheld infrared thermometers are low-cost, noncontact and easy to use to gadgets that assist in fast temperature estimation. Owing to COVID-19, handheld infrared thermometers are being generally utilized for temperature screening at different commercial places, as high internal heat level is one of the side effects of coronavirus. Regulatory bodies in different nations have made it obligatory to utilize handheld infrared thermometers at public spots and workplaces to control the spread of coronavirus.
Infrared Thermometers Market Analysis by Component
The display & interface unit is predicted to hold the biggest market size during the estimated time frame. A display has a backdrop illumination and a screen, which can be either a LED display or LCD. A few infrared thermometers imitate a thermocouple output, although others have a 0–20 mA or 4–20 mA current loop or voltage output. Based upon the sort of infrared thermometer, the screen and control units differ.
Infrared Thermometers Market Analysis by Application
The medical application is likely to hold a bigger market share during the projected time frame. While the medical application is supposed to develop at a higher CAGR, in the coming years. The main reason for the development of the non-medical application are the lower cost, higher precision, and rising acceptance of infrared thermometers for temperature screening during COVID-19 pandemic. The infrared thermometers utilized for the non-medical application basically utilize a germanium lens or mica and hence are more costly. An infrared thermometer estimates both infrared radiation and the emissivity worth of a surface. In the non-medical application, infrared thermometers are utilized to quantify surface temperatures over a broad temperature range to suit a large number of industrial applications.
Infrared Thermometers Market Analysis by End-use
Based on end-users, the outbreak of COVID in 2020 surprised the world and forced us to reevaluate the present medical services foundations more than ever. The pandemic spurred gigantic interest for numerous vital sign checking gadgets as they were urgent in controlling the disease spread of corona virus. To check the spread of COVID diseases, interest for non-contact thermometers flooded, and this prompted a significant ascent in popularity for infrared thermometers, which was the most ideal kind of non-contact thermometers that anyone could hope to find at that point of time.
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The infrared thermometer market in the Asia Pacific region is projected to have a prevailing outlook and witness development at the fastest CAGR over the forecast period. Interest for infrared thermometers in the area is expected to be driven by high acceptance across different industry verticals and further technological progressions. Moreover, demand for infrared thermometers in Latin America is likewise expected to see an ascent as the healthcare infrastructure advances in the region.
North America and Europe are developed business sectors for IR thermometers, and consumption across these regions is supposed to be driven by huge utilization of medical thermometers and presence of significant producers. The North American market is projected to hold the most elevated market size in the near future.
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Infrared Thermometers Market Driver
Infrared Thermometers Market Restraint
It is difficult to take temperature measurements of reflective surfaces using IR thermometers. They also pick up both emitted and reflected energy unless they are adjusted to read emitted energy only. The emissivity of certain materials can be looked up in published tables and adjusted on some meters to help ensure accurate measurements. In addition, measuring an object through glass generally gives the surface temperature of the glass, unless the glass is made of a special IR transmitting material such as germanium.
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The Infrared Thermometers Market is competitive, with the existence of several number of major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are American Diagnostic Corporation, Contec Medical Systems, Electronic Temperature Instruments Ltd., Geratherm Medical AG, Omron Healthcare Co., Paul Hartmann AG, PCE Instruments, Thermomedics, Inc., Welch Allyn and Microlife Corporation among others who are driving the market.
Infrared Thermometers Market Top Player’s Company Profiles
Infrared Thermometers Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, escalating adoption of infrared thermometers in food and medical services is the major factor driving the infrared thermometer market. However, the inaccuracy of these IR thermometers are also a key concern barring the market.
|Market size value in 2021||USD 823 million|
|Market size value in 2030||USD 900 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Infrared Thermometers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Infrared Thermometers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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