Handheld Pyrometer Market: Growth, Trends by 2024

The global handheld pyrometer market size was valued at USD 130.6 million in 2021. The market is projected to grow from USD 135.4 million in 2022 to USD 202.8 million by 2029, exhibiting a CAGR of 5.9 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with handheld pyrometer experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a growth rate of 2.3% in 2020 as compared to 2019.

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Handheld Pyrometer Market Share, Size & COVID-19 Impact Analysis, By Type (Infrared, Optical), By Application (Glass, Ceramics, Metal Processing, Others (Gas Turbine Engines, Steam Boilers), and Regional Forecast Between, 2022-2029

Top Companies of handheld pyrometer market:

• AMETEK Land (U.K.)
• Advanced Energy Industries Inc. (U.S.)
• Proxitron GmbH (Germany)
• Fluke Process Instruments (U.S.)
• PCE Instruments (Germany)
• Optris GmbH (Germany)
• AOIP (France)
• Optron GmbH (Germany)
• CHINO Corporation (Japan)
• Calex Electronics Limited (U.K.)
• Micro-Epsilon Measurement Technology (Germany)
• Omega Engineering Inc. (U.S.)

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Handheld Pyrometer Market Drivers and restrains:

• Drivers:
  • Increasing Industrial Applications: The growing use of handheld pyrometers in industries such as manufacturing, metal processing, and automotive for temperature measurement drives market demand.
  • Technological Advancements: Innovations in infrared technology and enhanced accuracy in handheld pyrometers improve performance and appeal, driving adoption across various sectors.
  • Need for Preventive Maintenance: The emphasis on preventive maintenance and quality control in industrial processes boosts the demand for handheld pyrometers to monitor and manage equipment temperatures effectively.
  • Growth in HVAC and Energy Sector: The expanding HVAC and energy sectors require precise temperature measurements for system efficiency and safety, contributing to the demand for handheld pyrometers.
  • Ease of Use and Portability: The convenience, portability, and ease of use of handheld pyrometers make them popular for fieldwork and on-the-go temperature measurement, increasing market appeal.
• Restraints:
  • High Cost of Advanced Models: The high cost associated with advanced handheld pyrometers with superior features can be a barrier for small businesses and budget-conscious buyers.
  • Limited Temperature Range: Some handheld pyrometers may have limitations in temperature range and accuracy, which can restrict their applicability in certain high-temperature environments.
  • Maintenance and Calibration Needs: Regular maintenance and calibration requirements can add to the total cost of ownership and affect operational efficiency if not properly managed.
  • Interference from External Factors: The accuracy of handheld pyrometers can be affected by environmental factors such as dust, smoke, and reflective surfaces, potentially impacting measurement reliability.
  • Market Competition: Intense competition from various manufacturers offering a wide range of pyrometers can lead to price pressure and affect profitability for companies in the market.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the handheld pyrometer market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the handheld pyrometer market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (By Type, By Application)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Type, By Application)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe
• Asia Pacific (By Type, By Application)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific
• Middle East & Africa (By Type, By Application)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa
• Latin America (By Type, By Application)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of handheld pyrometer market:

• AMETEK Land added two new models to its popular SPOT AL EQS pyrometers range for forming & forging applications.
• Micro-Epsilon launched a new infrared pyrometer enabled with precise and non-contact temperature measurements in the range from 0°C to 500°C.
• Arcline Investment Management announced the acquisition of Omega Engineering Inc for USD 525 million.
• Advanced Energy acquired Versatile Power Inc. This acquisition has added RF and programmable power supplies for medical and industrial application to the company’s product portfolio which further expands their presence in market.

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