Infrared Thermography Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled “Infrared Thermography Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023”. Infrared thermography (IT) is a technology used for producing an image of infrared light, which is invisible to naked eyes.

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Infrared Thermography Market: Overview

Various objects and applications emit infrared waves due to their thermal status. Specialized devices are used to capture images of infrared waves. These devices also help in measuring the temperature of any surface or object within the image for easy interpretation of thermal pattern. Image produced from the infrared devices is called thermograph or thermo gram.

Infrared Thermography Market: Drivers

Increasing demand from the infrastructure industry is the main driver of the infrared thermography market. It is used to test structures for defects. Thermal anomalies, for instance heating during the day and cooling during night are detected with the help of infrared thermography. Developed markets such as Europe and the North America have high demand for infrared thermography to construct energy efficient buildings.

Air leakage and heat loss is detected with the help of infrared thermography, which would save energy to maintain the temperature within the facility. Also, regulations related to safety and environment have forced construction companies to use infrared thermography, increasing its demand further.

Electrical panels and transformers are monitored with the help of infrared light to perform preventive maintenance. Electrical systems are checked for defects such as loose connections, imbalanced circuits and damaged switches to maintain the safety of the premises. However, the regulations related to safety and environment are not followed strictly in the emerging economies such as Asia Pacific and Latin America. These economies have large infrastructural requirements and due to the sluggish implementation of regulations, growth of the infrared thermography market could be thwarted.

Awareness about the benefits of infrared thermography is low in the emerging economies, nonetheless through effective marketing infrared thermography has growth opportunities in these regions. Also, the rapid growth of green building market provides ample opportunities for the infrared thermography market.

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Infrared Thermography Market: Segmentation

Infrared thermography market is segmented on the basis of component, building type and application. On the basis of component, infrared thermography market is segmented into hardware and software. Hardware segment is further divided into uncooled IR detectors, IR lens systems and other components. Key applications of infrared thermography include electrical and HVAC systems inspection, structural analysis, building performance, energy auditing and other applications. Furthermore, according to building type, infrared thermography market is segmented into commercial, institutional, residential and industrial. On the basis of geography, the global infrared thermography market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. North America is predicted to experience significant growth among all regional segments in the coming years, due to the strict rules and regulations related to environment and safety.

Infrared Thermography Market: Competitive Overview

The global infrared thermography market is highly competitive in nature and is marked with the presence of several international and domestic key players. Major players in the infrared thermography market include Flir Systems, Inc., Keysight Technologies, Inc., Jenoptik AG, SKF AB, Testo AG, Fluke Corporation, Raytek Corporation, Infratec GmbH Infrarotsensorik Und Messtechnik, R. Stahl Camera Systems, Opgal Optronic Industries Ltd., and Optris GmbH.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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