01-11-2019 06:32 PM CET - Advertising, Media Consulting, Marketing Research

Pyrometer Market Trends and Demand by 2023; Key Players - Fluke Corporation, KELLER, LumaSense Technologies, Inc., Optris, Micro-Epsilon and FLIR Systems

Press release from: P&S Intelligence

Global pyrometer market is expected to reach $816.6 million by 2023. One of the major growth drivers for the market is increasing automation in the industrial sector. In the industrial sector, contactless temperature monitoring devices are overshadowing traditionally used temperature measurement devices, such as thermocouples, thermometers and thermistors.

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On the basis of industry, the pyrometer market has been classified into metal processing, glass, ceramics, and others. Glass and metal processing are the two important end user industries for pyrometers. High growth of the market in the glass industry can be attributed to the increasing investments in this industry, especially in China and Germany. In the glass industry, pyrometers are used in a wide range of applications, such as glass production, quality assurance, research and development (R&D), and test and measurement.

Europe continues to generate the largest revenue in the pyrometer market. This is because of the increasing automation in the industrial sector and the presence of a large number of metal, glass, and ceramic producers in the region. Europe is the second-largest steel producing region in the world, due to which the demand for the temperature measuring device in the region is expected to increase manifold in the coming years. The companies operating in the region are increasingly investing in the development of these devices.

Players in the pyrometer market are aiming at process optimization and automation for smoother process flow. Some of the key players operating in the industry are KELLER HCW GmbH, Fluke Corporation, Optris GmbH, LumaSense Technologies Inc., B+B Thermo-Technik GmbH, Micro-Epsilon, FLIR Systems Inc., Proxitron GmbH, AOIP SAS, AMETEK Land, and Accurate Sensors Technologies Ltd.

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Pyrometer Market Segmentation -
Market Segmentation by Technology
• Optical
• Infrared
Market Segmentation by Type
• Stationary
• Portable
Market Segmentation by Industry
• Metal processing
• Glass
• Ceramics
• Others (plastics; medical; food; and heating, ventilation and air conditioning [HVAC])

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P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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