Infrared Thermometers Market
Report ID: SQMIG35A2713
Report ID:
SQMIG35A2713 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
116
|Figures:
77
Infrared Thermometers Market size was valued at USD 900 Million in 2023 and is poised to grow from USD 984.6 Million in 2024 to USD 1848.86 Million by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
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 is segmented by type, component, application, end use and region. Based on type, the market is segmented into fixed infrared thermometer and portable infrared thermometer. Based on component, the market is segmented into optical components, electronics, display and control units and others. Based on application, the market is segmented into non-medical and medical. Based on end use, the market is segmented into residential, commercial and industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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
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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.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 777.7 million |
Market size value in 2031 | USD 1731.38 million |
Growth Rate | 9.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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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 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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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Report ID: SQMIG35A2713
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