Product ID: SQMIG35A2713
Global Infrared Thermometers Market Size, Share, Growth Analysis, By Type(Fixed, Portable Thermometers), By Component(Optical, Display & Interface Units), By Application(Medical, Non-medical), By End-use(Residential, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2713 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
116 |
Figures:
77
Global Infrared Thermometers Market Insights
Infrared Thermometers Market size was valued at USD 823 million in 2019 and is poised to grow from USD 900 million in 2023 to USD 1690 million by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
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 2019 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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Global Infrared Thermometers Market Segmental Analysis
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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Global Infrared Thermometers Market Regional Insights
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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Global Infrared Thermometers Market Dynamics
Infrared Thermometers Market Driver
- Rising reception of infrared thermometers in food and medical services, mechanical advancements in infrared thermometers, and expanding government support are major aspects driving the development in infrared thermometer market.
- Development of medical care industry combined with continuous episode of infectious ailments has totally changed the tide for non-contact infrared thermometers that can possibly estimate temperatures from distance without connecting with the objects.
- Increasing acceptance of infrared thermometers in the electronic business for different purposes including observing the performance of boiler operations, cooling systems, motors, engines, detection of a hot spot and stem systems in electrical systems is supposed to additionally extend the size of infrared thermometer market in future.
Infrared Thermometers Market Restraint
- The poor penetration and expensive property of infrared thermometers across various underdeveloped and developing nations is the key restraining factor.
- The inaccuracy of these IR thermometers are also a key concern, as alterations in interpretations of temperature predominantly during extreme environments or conditions may limit their consumption.
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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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Global Infrared Thermometers Market Competitive Landscape
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
- Fluke Corporation
- Ametek Land
- Testo SE & Co. KGaA
- Omega Engineering Inc.
- CHINO Corporation
- Raytek Corporation
- Keysight Technologies, Inc.
- Emerson Electric Co.
- PCE Instruments
- Optris GmbH
- Micro-Epsilon Messtechnik GmbH & Co. KG
- Extech Instruments
- Hanna Instruments
- AZ Instrument Corp.
- Keller HCW GmbH
- Yokogawa Electric Corporation
- OMEGA Engineering Limited
- REED Instruments
- Hioki E.E. Corporation
- FLIR Systems, Inc.
Infrared Thermometers Market Recent Developments
- In July 2021, iGear, a renowned Indian brand for gadgets and smartphone accessories, announced the launch of its fully automated contactless infrared thermometer. The product - Thermo Check - can be mounted on a wall or on a tripod at the entrances of various institutions to monitor the temperatures of visitors completely autonomously.
- In Jun 2020, Cole-Parmer, a leading name in the healthcare industry, announced the launch of its new noncontact thermometer, which has an FDA clearance. The thermometer can log 32 internal readings and is capable of taking temperatures of various surfaces of objects.
- In May 2020, Neptune, a company specializing in health and wellness products, announced the launch of its new non-contact infrared thermometer. This launch of Neptune Air was aimed at increasing the supply of these thermometers amidst growing demand in North America, which was a result of coronavirus infections peaking in the region.
Global Infrared Thermometers Key Market Trends
- The main factors driving the market's development incorporate the rising number of coronavirus patients and the rising acceptance of infrared thermometers in curbing the spread.
- Handheld infrared thermometers are low-cost, noncontact and easy to use to gadgets that assist in fast temperature estimation.
- The infrared thermometers utilized for the non-medical application basically utilize a germanium lens or mica and hence are more costly.
- North America and Europe are developed business sectors for IR thermometers, and consumption across these regions is supposed to be driven by the presence of significant producers.
Global Infrared Thermometers Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 823 million |
| Market size value in 2031 | USD 1690 million |
| Growth Rate | 9.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Infrared Thermometers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Infrared Thermometers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Infrared Thermometers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Infrared Thermometers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Infrared Thermometers Market Report Snapshots
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