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The global handheld pyrometer market was valued at USD 141.5 million in 2023. The market is projected to grow from USD 149.3 million in 2024 and reach USD 243.6 million by 2032, exhibiting a CAGR of 6.3% during the forecast period.
A pyrometer is a radiation thermometer that measures the type of heat emitted by a surface, also known as an infrared thermometer. The market is primarily driven by the increasing demand for high-temperature sensor measurement devices in heavy industries due to increased industrial automation and advancements in automation sensing.
The rising demand for automated, easy-to-use, and portable temperature sensing technology is significantly driving the global market. The use of surface temperature sensors in large factories and industrial facilities is providing rapid impetus to market growth. Mining, metals, and mineral processing industries require advanced pyrometers to detect hot surfaces and high temperatures to protect workers and personnel.
There are many different types of pyrometers in the market and choosing the right pyrometer for the most accurate temperature measurements requires several important factors:
The optimal selection necessitates determining the detector's wavelength for a certain temperature range and application. For example, these pyrometers require frequent and traceable calibration tests to maintain accuracy when measuring temperature. Therefore, the industries demand complete knowledge of pyrometer usage, installation, maintenance, and operation, among other things.
The outbreak of COVID-19 had a notable influence on the market for pyrometers. Additionally, considering the input from various industry experts from various stages of the pyrometer value chain (including OEMs, suppliers, end-users, and distributors), as well as financial releases from various companies in the pyrometer ecosystem for the following year, the pyrometer market was estimated to shrink by 4% to 6% during the pandemic.
Surging Industrial Automation & Utilization of Handheld Pyrometer to Bolster the Market
The industrial use of the product is expected to witness growth over the forecast period due to increase in the adoption of smart factory systems. Additionally, Industry 4.0 is the newest ongoing industrial revolution. This new uprising has enhanced the development of innovations & technologies that empowered industries to utilize handheld pyrometer to increase efficiency, simplify processes, and obliterate errors.
The reliable temperature measurement equipment, along with temperature sensors with sophisticated features, is high in demand in key sectors and automation is also becoming more prevalent in the industrial sector. Therefore, all these features are further driving the utilization of infrared pyrometers in the metal processing, glass, and overall furnaces industry.
The increased need for better temperature sensing across temperature sensing devices is driving the market growth. Furthermore, the market is likely to be driven by the rapid rise of industrial automation and the use of these devices in large factories and industrial plants throughout the forecast period. The capacity to precisely measure temperatures and the ability to thrive in a hostile environment are two significant characteristics likely to contribute to the handheld pyrometer market growth in the next few years.
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Increasing Product Demand in Glass Industry to Propel the Market Growth
The glass sector is undergoing significant expansion, necessitating the use of portable handheld pyrometer for temperature monitoring, thereby propelling the global market. Furthermore, temperature monitoring is crucial in the glass sector since it enhances efficiency by minimizing scrap in glass production while also ensuring consistent quality. Furthermore, multiple steps of production, including the manufacture of various glass types, such as float glass, fiberglass, and technical glass, require temperature measuring activities.
In addition, Italy has been at the forefront of glass manufacture and export; the glass sector has seen balanced development, which is expected to enhance the market of handheld pyrometer across Europe. Also, governments throughout the world are pushing Industry 4.0 incentives in particular manufacturing centers, which are projected to help the manufacture and export of glass items to developing nations.
The glass industry is experiencing a huge demand; therefore, due to this increase, the utilization of these pyrometers is anticipated to exhibit substantial growth.
Lack of Awareness and Trained Personnel Along with Initial High Investment to Impede the Market
The market's expansion is hampered by high manufacturing costs and a scarcity of raw materials. The great sensitivity of these kinds of pyrometers to smoke, dust, and thermal background energy may impact early results, limiting market output. Also, the optical pyrometer is also ineffective for detecting the temperature of gases that are clean-burning and do not emit visual energy. The pyrometer market's expansion is being stifled by these constraints.
There is a high investment and operational cost involved that is required for accessories & maintenance of these pyrometers, which some SMEs may not be able to afford.
Hence, the market growth is getting hampered by lack of awareness and trained individuals in this area, particularly in undeveloped countries where accurate understanding and technical know-how to operate such apps and devices are missing.
Infrared Pyrometer to Hold a Significant Market Share Owing to Multiple Applications
In terms of type, the market is classified into infrared and optical.
Infrared pyrometer is likely to hold a major share in the market. It is attributed to some of the uses for infrared pyrometers, which have extraordinarily quick data collecting rates, including glass temperature measurement, readings on thin plastic sheets, and measurements through flames.
Furthermore, optical pyrometer is expected to have steady growth during the forecast period. Due to its capacity to measure non-contact high-temperature readings, the red scales in the optical sensor can be used to adjust the emissivity of objects with an emissivity of 0.4. This is beneficial for the temperature measurement of molten steel & iron.
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Glass Application to Witness Major Growth During the Forecast Period
Based on application, the market is divided into glass, ceramics, metal processing, and others (gas turbine engines, steam boilers).
The glass industry is increasing at a quicker rate, and it is likely to hold a significant share during the forecast period. It is owing to the growing relevance of security, quality, and standards, thereby attracting more manufacturers, aiding the expansion of the market. Additionally, glass processing machines are not only for the beverage industry but also serve the pharmaceutical and personal care sectors, which are anticipated to experience a significant increase in demand.
Furthermore, metal processing is exhibiting substantial growth as it serves a diverse range of industries, including aerospace and defense, automotive, construction, agriculture, and general consumer markets. Moreover, due to their strong, precise, and autonomous temperature measuring capabilities, metal industries are seeking more pyrometer equipment than other temperature measurement options such as thermocouples.
In addition, the ceramic industry is expected to have a significant rise in the coming years. Its ability to manage heat in ceramics is credited with this as the temperature readings taken during the firing step are used to check the end product's stability and quality. Also, controlled heating occurs after the ceramic process and results in major changes in the product's microstructure.
The market report's scope comprises five major regions, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
North America Handheld Pyrometer Market Size, 2023 (USD Million)
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North America is projected to show major growth owing to increase in demand for temperature measuring devices in the industrial sector. The increase in industrial automation among various manufacturing industries drives the market growth. Growing urbanization & industrialization in the region is further prompting important companies to spend more on temperature measuring equipment that is more reliable. Government laws mandating the use of temperature sensors to address overheating concerns are also opening the path for business expansion, further contributing toward the expansion of the global share.
Moreover, growing demand from industrial automation is also driving the pyrometer market. The U.S. and other regions are major markets for pyrometers due to significant economic growth.
The U.S. is projected to experience modest growth over the forecast period. Increasing production and export of flat glass from the U.S. is expected to emerge as the prominent driver for the regional market. The market faced an unprecedented downturn due to continuous reduction in demand for steel and other metals post-COVID-19 pandemic. According to the American Iron and Steel Institute, since April 2020, the U.S. registered a considerable downfall in subsequent months in Raw Steel Production and Capacity Utilization. The manufacturers are also working to develop a strong and interconnected supply chain to fortify their presence in the regional market. By establishing a stronger and better supply chain, the manufacturers are trying to elevate their direct customer reach and operate more effectively by tapping the opportunistic locations and regions within the local market.
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Asia Pacific is expected to dominate the market during the forecast period. The increased need for metals, such as steel for complicated industrial applications will drive this industry. The emergence of various manufacturers in Asia Pacific is a key driver in the region's market development. Increasing opportunities in mining and metal processing units in the Chinese market as well as a substantial network of manufacturing clusters for glassware and ceramic products in the developing countries of Asia Pacific are assisting in a significant growth of the market in the region. Growing investments in glass manufacturing and government backing for steel production are expected to propel the market in Asia Pacific to new heights.
Furthermore, Europe's continual technical advancements, along with an increase in the use of temperature monitoring equipment to assure safety, will surge the demand for handheld pyrometer in the subsequent years. The building, automotive, energy, engineering, and food services sectors drive the glass industry in Europe, which is one of the largest in the world. Besides, the temperature sensor market is expected to grow at the fastest rate in Europe. Germany, France, and the U.K., among others, are significant markets for pyrometers due to robust economic growth. Europe, on the other hand, is expected to be the most promising market, accounting for the second-largest proportion, behind the rest of the world.
Moreover, the Middle East & Africa's growing temperature sensors market is expected to encourage investments in handheld pyrometer. Also, the region is a hub for refineries and chemical & petrochemical processing facilities, and the metals and mining industry pyrometers are projected to be in high demand. Furthermore, advancements in industrial infrastructure are increasing R&D requirements for temperature sensor innovation.
Latin America is anticipated to witness a moderate growth. It is attributed to increased public sector investments, along government's measures to enhance output quantity, contributing to the expansion.
Prominent Players Focus on Innovative Application for Robotic Systems
The market is moderately fragmented as this is a relatively new market when compared to other markets in the power electronic solutions domain. The market is growing with increasing technological advancements, and there are many well-known brands in the market, along with some regional players to cater to the increasing demand.
The global handheld pyrometer market research report provides a detailed analysis of the types, applications, and industries. It provides information about leading companies and their business overview, types, and leading applications of the product. Besides, it offers insights into the competitive landscape, SWOT analysis, current market trends, and highlights key drivers and restraints. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the market's growth in recent years.
An Infographic Representation of Handheld Pyrometer Market
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 6.3% over 2024 to 2032 |
Unit | Value (USD million) |
Segmentation | By Type
By Application
By Region
|
Fortune Business Insights says that the market was valued at USD 141.5 million in 2023.
By 2032, the market is expected to be valued at USD 243.6 million.
The global market is estimated to exhibit a noteworthy CAGR of 6.3% during the forecast period.
North America is expected to hold a major market share in the market. The region stood at USD 24.0 million in 2023.
Within the type segment, infrared is expected to be the leading segment in the market during the forecast period.
Increasing demand from the glass industry is the key market driver.
AMETEK Land, Advanced Energy Industries Inc., Proxitron GmbH, Fluke Process Instruments, PCE Instruments, Optris GmbH, AOIP, Optron GmbH, CHINO Corporation Calex Electronics Limited, and others.
Glass industry applications are expected to drive the market.
The major players in the market constitute approximately 30%-35% of the market, which is majorly owed to their brand image and presence in multiple regions.
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