China Thermometer Market - Global Trends and China Industry Analysis

China currently is the largest manufacturer of the mercury-based thermometer devices, manufacturing over 150 million thermometers per year, for both exports and domestic consumption. Most of the mercury thermometer demand in the country is cater through the domestic production. However, growing awareness about mercury pollution and global initiative for lowering the consumption of mercury has spur the demand for digital and other type mercury-free thermometer devices in the country, which is currently being catered through domestic production and imports.

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Growing healthcare infrastructure and mercury-pollution prevention initiative are the principal growth drivers of the China thermometer industry. Other key growth drivers for Chinese thermometer market include growing use of digital temperature monitors into home appliances and laboratory applications.

For the purpose of the study, the study segments the China thermometer market by category and products. In terms of product categories, the market is classified as Mercury-based and Mercury free. On the basis of product type, the TMR study classifies China thermometer market into Mercury-free, LCD thermometer, Infrared thermometer, and others. Further mercury-free thermometers market is sub-segmented into resistance temperature detectors, digital thermometer, and thermocouples.As per the study findings, China is the largest manufacturer of mercury-based thermometers having production of over 150 million devices per year both for domestic and export purpose. As such, China thermometer market is predominantly held by mercury-based thermometers by volume. Further, TMR study finds out, mercury-based thermometers held 54.8% of the market in 2011, accounting for revenue of US$38.26 million.

However, growing awareness for mercury catalyzed pollution and global initiatives to reduce consumption of mercury have stimulated the demand for mercury-free and other digital devices in China thermometer market. As such, mercury-based thermometers market is anticipated to witness negative growth for the forecast period. According to the publication, mercury-free temperature measurement devices will account for 68.8% revenue of the China thermometer market in 2016. The mercury-free thermometer devices market is anticipated to be at US$ 76.78 million in 2016 growing at CAGR of 19.5% between 2011 and 2016.Moreover with regards to volume, the market for mercury-free thermometer devices in China is projected to grow at 21.3% between 2011 and 2016, as per the study. Owing to the demand of mercury-free thermometer devices, the mercury-based thermometer devices are anticipated to register decelerated growth at CAGR of 1.9% and 2.0% in terms of revenue and volume.

Scope and Overview

The objective of the study on “China Thermometer Market - Temperature Measurement And Monitoring Devices Market: China Industry Analysis, Size (Volume-Value), Trend and Forecast (2010 – 2016)” is to gain detailed market insights forkey thermometer product segments that includemercury thermometer, digital thermometer, infrared thermometer and LCD thermometer. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue share.The report also covers the strategies followed by “China Thermometer Market” players.

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