Phenomenal Growth Led by China, Asia-Pacific Drives Pyrometers Global Market to Surpass $870 Million by 2027 – Market Research Report (2018-2027) by Industry Experts, Inc
Thursday 13 Jan 2022
Industry Experts, Inc. unveiled the market research report on Pyrometers. The report entitled "Pyrometers – A Global Market Overview" reveals that the Asia-Pacific is estimated the largest market in 2021 with US$228.9 million, forecast to be US$240.1 million in 2022, and the region is also expected to witness the fastest growth with a CAGR of 8.7% during the period 2021-2027.
The market for Pyrometers that are widely used for sensing and monitoring extremely high temperatures remotely, also underwent a decline between 2019 and 2020 due to lack of demand. The primary sectors where these devices are used include the Ceramics, Glass and Metal Processing industries, which slowed or closed operations in several regions. Apart from Asia-Pacific, all the other major regions posted declines during the pandemic period, with recovery being possible only towards the middle of 2021 as the effect of the virus was able to be controlled with newly developed vaccines.
Over the coming years, it is expected that the market for Pyrometers would continue to maintain a healthy growth in tune with growth in the industries where these devices are mainly used. Other innovative applications and product novelties would also play crucial roles in propelling demand for Pyrometers.
By application vertical, Metal Processing is projected to reach US$337.1 million by 2027 to be the largest end-use market while Glass sector is anticipated to record the fastest growth between 2021 and 2027. Overall market for Pyrometers in 2022 is expected to reach US$602.3 million.
Pyrometer product types analyzed in this study include Handheld Pyrometers and Stationary Pyrometers. The report further classifies Pyrometers into by technology used – Infrared/Radiation Pyrometers and Optical Pyrometers; wavelength – Multi-Wavelength Pyrometers and Single Wavelength Pyrometers. The global market for Pyrometers’ application sectors explored in this report includes Ceramics, Glass and Metal Processing.
The report reviews, analyzes and projects the Pyrometers market for global and the regional markets including the North America, Europe, Asia-Pacific and Rest of World for the period 2018-2027 in terms of value in USD. These regional markets further analyzed for 10 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy and The United Kingdom; and Asia-Pacific – China, India and Japan.
This 280 page Pyrometers global market research report includes 184 charts (includes a data table and graphical representation for each chart), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes business profiles of 19 key global players and 30 major players across the North America – 11; Europe – 13; Asia-Pacific – 4; and Rest of World – 2. The report also provides the listing of the companies engaged in research & development, supply and distribution of Pyrometers. The global list covers the addresses, contact numbers and the website addresses of 70 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/healthcare-and-pharma/global-pyrometers-market