DUBLIN--(BUSINESS WIRE)--The "Global Infrared Thermometer Market By Type, By Component, By Application, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Infrared Thermometer Market size is expected to reach $3.8 billion by 2026, rising at a market growth of 7.9% CAGR during the forecast period.
An infrared thermometer refers to a thermometer that takes the help of thermal radiation with the aim to display temperature. Thermal radiation is sometimes also known as black-body radiation released by the measuring object. In order to take non-contact measurements of objects that have current, objects in motion, and at high temperatures, an infrared thermometer is considered as an effective device. Infrared thermometers are effective to monitor the temperature in those applications where conventional sensors cannot be used.
One of the major factors that support the global demand for infrared thermometers is the ability of these thermometers to take the non-contact measurement of objects. Also, infrared thermometers have gained immense popularity as they provide features such as easy handling & smooth operation. Infrared (IR) Technology finds potential application in several electronic devices like sensors, cameras, remote-controlled devices, and others, therefore the technology has a high adoption rate for temperature measurement in several industries. For example, new factories are encouraged to deploy Infrared based temperature measuring devices as there is a need to maintain the right temperature of raw material & end-product during the production of any food & beverage item.
The major reason for the spread of the COVID-19 is close contact from person to person, including between people who are close to each other physically (range of 6 feet). Infected people without any symptoms can also increase the transmission of the virus to others. Instances of reinfection with COVID-19 have also been witnessed, but such instances are not very frequent. Infrared thermometers are capable of measuring thermal radiation (infrared) that is emitted from the forehead & ear to estimate body temperature.
Type Outlook
Based on Type, the market is segmented into Fixed Infrared Thermometer and Portable Infrared Thermometer. The Portable Infrared Thermometer market dominated the Global Infrared Thermometer Market by Type 2019, growing at a CAGR of 6.8 % during the forecast period. The Fixed Infrared Thermometer market is expected to witness a CAGR of 9.7% during (2020 - 2026).
Component Outlook
Based on Component, the market is segmented into Display & Control Units, Electronics, Optical Components and Others. The display & interface unit segment is expected to procure the highest revenue share during the forecast period. A display contains a backlight & a screen, which can be either an LED display or an LCD. A few of the infrared thermometers have a 0-20 mA or 4-20 mA current loop or while others generate voltage output thermocouple output. The Display and Control Units differ based on the kind of infrared thermometer.
Application Outlook
Based on Application, the market is segmented into Non-medical and Medical. The medical application segment is expected to showcase a prominent growth rate with respect to value during the forecast period. The reduced cost, superior accuracy & the increasing adoption of infrared thermometers for temperature monitoring due to the COVID-19 are some of the aspects that align with the growth of the medical application.
End User Outlook
Based on End User, the market is segmented into Industrial, Commercial and Residential. On the basis of end-use, the industrial segment is expected to obtain the highest share, while the commercial segment is expected to display a substantial growth rate. The high adoption rate of infrared thermometers in industrial processing, industrial manufacturing, and other such industrial categories are responsible for the growth of the industrial segment.
Scope of the Study
Market Segmentation:
By Type
- Fixed Infrared Thermometer
- Portable Infrared Thermometer
By Component
- Display & Control Units
- Electronics
- Optical Components
- Others
By Application
- Non-medical
- Medical
By End User
- Industrial
- Commercial
- Residential
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Fortive Corporation (Fluke Corporation)
- Spectris PLC (Omega Engineering)
- Omron Corporation
- Hill-Rom Holdings, Inc.
- Robert Bosch GmbH
- Horiba Ltd.
- Emerson Electric Co.
- Chino Corporation
- Microlife Corporation (Midas Company Limited)
- Optris GmbH
For more information about this report visit https://www.researchandmarkets.com/r/6mky17