Infrared Thermometer Market 2021 Business Scenario – Thermo Fisher Scientific Inc., Omega Engineering Inc., PCE Deutschland GmbH

The Infrared Thermometer market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Infrared Thermometer market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Infrared Thermometer from 2021 till 2026.

The Infrared Thermometer Market is expected to grow at a CAGR of 11.7% over the forecast period 2020 to 2025. The capacity of these thermometers to take the non-contact measurement of objects is one of the critical determinants that encourage the demand for infrared thermometers worldwide. Besides, the simple handling and smooth operation of infrared thermometers have increased their popularity worldwide.

- In recent years, accelerated growth in the global food industry and the regular use of infrared thermometers in the food industry are among factors that are significantly boosting the infrared thermometer market. Infrared thermometers are also used to detect insulation heat loss, breakdown, and duct leakage of air conditioning systems.

Top leading Manufacturers Profiled in Infrared Thermometer Market Report are: Thermo Fisher Scientific Inc., Omega Engineering Inc., PCE Deutschland GmbH, HORIBA, Ltd., Weiss Instruments LLC, Mediaid, Inc., Fluke Corporation, and Optris GmbH

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Regional Analysis for Infrared Thermometer Market:

For a comprehensive understanding of market dynamics, the global Infrared Thermometer market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

North America Holds Major Share of the Market

- North America holds a prominent share of the global market. The US plays a crucial role in increasing the demand from the region compared to Canada. Over the forecast period, the country is expected to dominate the global market, owing to its developed infrastructure that can house advanced solutions across various sectors._

- Several key players in the market, such as Excelitas Technologies, Texas Instruments, Honeywell International, Fluke Corporation, and FLIR Systems, have their presence in this region, which further augment the market growth in the area._ Increasing expenditure on the food and electronics industries in countries like Canada and the US boosts the demand for infrared thermometers.

- Smartphones that constitute a significant part of consumer electronics utilize IR sensors (also called proximity sensors according to the user) to detect the distance of an object. The United States is one of the world's largest smartphone markets, with one of the highest smartphone penetration rates worldwide. According to Consumer Technology Association, the value of smartphone sales in the country has increased to USD 77.5 billion in 2019 from USD 33.7 billion in 2012._

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- July 2019 - Fluke Corporation has acquired Ismaning, Germany-based PRFTECHNIK, a market leader in precision laser shaft alignment, condition monitoring, and non-destructive testing. Flukes acquisition of PRUFTECHNIK reflects the growing importance its customers place on reliability systems to keep their equipment in optimum operating condition._

What is the Impact of Covid-19 Outbreak on the Infrared Thermometer?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Infrared Thermometer.
- Infrared Thermometer Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Infrared Thermometer market:

- What are the recent developments and government policies?
- What are the top trends in the Infrared Thermometer market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Infrared Thermometer market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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