Global Pyrometers Market 2017-2021

The infographic below contains key findings from our analysis of the pyrometers market   

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Overview of the global pyrometers market

Market research analysts at Technavio predict that the global pyrometers market will grow steadily over the next four years and post a CAGR of almost 6% by 2021. This market research analysis identifies the increased incorporation of automation in industrial facilities as one of the key growth factors of the global pyrometers market. The recent years witnessed an exponential growth of the manufacturing sector, especially in the developing economies in APAC. With government initiatives to promote infrastructure, the manufacturing sector is witnessing the adoption of automation. Also, owing to the robust benefits associated with the inclusion of automation such as agility and feasibility, the manufacturers are promoting the use of automation to gain a competitive edge over other players. Since pyrometers are an integral part of industrial operations, this growing inclination toward automation will subsequently fuel the growth of the pyrometers market over the next few years.

With the need to deliver greater accuracy in temperature measurement, major manufacturers will start integrating pyrometers with thermal imaging solutions. The use of thermal imaging solutions will enable the precise measurement of temperature during melting processes and also help evaluate the strength of radiation in various environmental conditions. As a result, more manufacturers will focus on integrating their pyrometers with thermal imaging solutions and this will be one of the major trends gaining traction in the pyrometers market in the coming years.

Competitive landscape and key vendors

The pyrometers market is moderately concentrated with the presence of well-established players. To retain their existing market shares, the vendors are focusing toward innovation to deliver diverse product offerings. The small and unorganized players in the market will find it difficult to maintain vast product features and quality due to their low-cost models. Additionally, the end-users mainly prefer established players since they provide high-quality and premium pyrometers, which again makes it difficult for the small players to compete with the reputed vendors.

The leading vendors in the market are –

• Accurate Sensors Technologies
• Fluke Process Instruments
• KELLER HCW
• LumaSense Technologies
• Optris

The other prominent vendors in the market are Pyrometer Instrument Company, Optron, Calex, Fae, and AMETEK Land (Land Instruments International).

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Market segmentation by end-user and analysis of the pyrometers market

• Metal industry
• Glass industry
• Plastic industry

During 2016, the metal industry dominated the global pyrometers market and this is mainly due to the presence of a considerable number of steel manufacturers. Additionally, the demand for different pyrometers for specific applications and the growing concern for safety among the workers, also fuels the growth of the pyrometers market in this end-user segment.

Market segmentation by geography and analysis of the pyrometers market

• Americas
• APAC
• EMEA

EMEA accounted for the major share of the pyrometers market during 2016 and the region will continue to be the major revenue contributor throughout the next four years as well. The presence of large glass manufacturers in the countries such as France, Italy, and the UK will fuel the growth of the market. Moreover, the market will also witness a sturdy growth with a radical demand from the replacement market.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global pyrometers market?
• What are the key market trends impacting the growth of the global pyrometers market?
• What are the challenges to market growth?
• Who are the key vendors in the global pyrometers market?
• What are the market opportunities and threats faced by the vendors in the global pyrometers market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global pyrometers market?

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