Market Overview:
The global bimetallic thermometer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial and energy applications, and the growing awareness about energy conservation. Based on type, the global bimetallic thermometer market can be segmented into angle type, straight type, and adjustable angle type. The angle type segment is expected to account for the largest share of the global bimetallic thermometer market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high accuracy and reliability in measuring temperature changes across different angles. Based on application, the global bimetallic thermometer market can be divided into oil & gas, energy, chemical industry, iron & steel industry, and others segments. The oil & gas segment is estimated to account for a major share of this market in 2018 owingto its growing demand from various end-use industries such as petrochemicals refiningand upstream operations such as explorationand production activities .
Product Definition:
A bimetallic thermometer is an instrument used to measure temperature. It consists of two strips of metal, one made of a heat-sensitive alloy and the other of a non-heat-sensitive alloy, that are joined together. When the temperature changes, the metal strips expand by different amounts and this causes the strip to bend. The amount of bending can be measured and used to calculate the temperature.
Angle Type:
Angle type bimetallic thermometer is a combination of two thermometers, one for the liquid and other for the gas. It’s an effective device to measure temperature in liquids and gases at same time. The working principle of this instrument is based on infrared radiation which passes through the sample body and reflects back by infrared receiver located inside it.
Straight Type:
The straight type bimetallic thermometer is a combination of two thermometers, one for the liquid and other for the gas. It has an advantage over traditional mercury-in-glass thermometers as it can measure temperature in both directions (up & down). This makes it ideal to be used in refrigerators and freezers where food is stored.
Straight type bimetallic thermometer consists of two separate probes made from different materials that are inserted into the same unit.
Application Insights:
The energy segment dominated the global market in terms of revenue in 2017. The growth can be attributed to increasing use of bimetallic thermometers for measuring temperature of oil & gas wells, natural gas processing plants, power generation facilities and other such energy-related applications.
Chemical is another prominent application sector where these devices are used for industrial purposes such as process control and quality assessment. They are also used in laboratories for testing various chemical compounds including acids, bases, solutions & suspensions and polymers at desired temperatures. Other than these two major application sectors the global market has a few others that cater to specific needs or requirements of end users which include iron & steel industry (for ferroalloy production), food processing (for frozen products) and pharmaceuticals (for compound vaccines).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for temperature measurement instruments from various end-use industries, such as oil and gas, energy, and chemical.
The growing manufacturing sector in developing economies of Asia Pacific is also anticipated to propel product demand over the forecast period. Furthermore, rising investments by multinational companies for expanding their operations in this region are likely to boost industry growth during the forecast years. For instance: In January 2018, Sysmex Corporation announced about its plan of expanding its production capacity at its plant located at Shiga Prefecture Japan with an investment worth USD X million by 2020 – which will increase employment opportunities for bimetallic thermometers in Japan over the coming years.
North America accounted for a significant share of global revenue due to high usage rates of bimetallic thermometers among commercial establishments such as hotels.
Growth Factors:
- Increasing demand from the end-use industries such as automotive, aerospace, and others
- Growing awareness about the benefits of using bimetallic thermometers
- Rising demand for miniaturized and portable devices
- Technological advancements in the manufacturing process of bimetallic thermometers
- Growing popularity of smart sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Bimetallic Thermometer Market Research Report
By Type
Angle Type, Straight Type, Adjustable Angle Type
By Application
Oil & Gas, Energy, Chemical, Iron & Steel, Others
By Companies
Hongqi, COOPER-ATKINS Raytek, TES, Fluke, SHUNDA, Hongqi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Bimetallic Thermometer Market Report Segments:
The global Bimetallic Thermometer market is segmented on the basis of:
Types
Angle Type, Straight Type, Adjustable Angle Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Energy, Chemical, Iron & Steel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hongqi
- COOPER-ATKINS Raytek
- TES
- Fluke
- SHUNDA
- Hongqi
Highlights of The Bimetallic Thermometer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Angle Type
- Straight Type
- Adjustable Angle Type
- By Application:
- Oil & Gas
- Energy
- Chemical
- Iron & Steel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bimetallic Thermometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bimetallic thermometer is a type of thermometer that uses two different metals to create an accurate temperature reading. The two metals are typically made of different elements and have different thermal properties, which allows the thermometer to detect small changes in temperature.
Some of the major players in the bimetallic thermometer market are Hongqi, COOPER-ATKINS Raytek, TES, Fluke, SHUNDA, Hongqi.
The bimetallic thermometer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bimetallic Thermometer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bimetallic Thermometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bimetallic Thermometer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bimetallic Thermometer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bimetallic Thermometer Market Size & Forecast, 2018-2028
4.5.1 Bimetallic Thermometer Market Size and Y-o-Y Growth
4.5.2 Bimetallic Thermometer Market Absolute $ Opportunity
Chapter 5 Global Bimetallic Thermometer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bimetallic Thermometer Market Size Forecast by Type
5.2.1 Angle Type
5.2.2 Straight Type
5.2.3 Adjustable Angle Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bimetallic Thermometer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bimetallic Thermometer Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Energy
6.2.3 Chemical
6.2.4 Iron & Steel
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bimetallic Thermometer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bimetallic Thermometer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bimetallic Thermometer Analysis and Forecast
9.1 Introduction
9.2 North America Bimetallic Thermometer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bimetallic Thermometer Market Size Forecast by Type
9.6.1 Angle Type
9.6.2 Straight Type
9.6.3 Adjustable Angle Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bimetallic Thermometer Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Energy
9.10.3 Chemical
9.10.4 Iron & Steel
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bimetallic Thermometer Analysis and Forecast
10.1 Introduction
10.2 Europe Bimetallic Thermometer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bimetallic Thermometer Market Size Forecast by Type
10.6.1 Angle Type
10.6.2 Straight Type
10.6.3 Adjustable Angle Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bimetallic Thermometer Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Energy
10.10.3 Chemical
10.10.4 Iron & Steel
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bimetallic Thermometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bimetallic Thermometer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bimetallic Thermometer Market Size Forecast by Type
11.6.1 Angle Type
11.6.2 Straight Type
11.6.3 Adjustable Angle Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bimetallic Thermometer Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Energy
11.10.3 Chemical
11.10.4 Iron & Steel
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bimetallic Thermometer Analysis and Forecast
12.1 Introduction
12.2 Latin America Bimetallic Thermometer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bimetallic Thermometer Market Size Forecast by Type
12.6.1 Angle Type
12.6.2 Straight Type
12.6.3 Adjustable Angle Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bimetallic Thermometer Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Energy
12.10.3 Chemical
12.10.4 Iron & Steel
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bimetallic Thermometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bimetallic Thermometer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bimetallic Thermometer Market Size Forecast by Type
13.6.1 Angle Type
13.6.2 Straight Type
13.6.3 Adjustable Angle Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bimetallic Thermometer Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Energy
13.10.3 Chemical
13.10.4 Iron & Steel
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bimetallic Thermometer Market: Competitive Dashboard
14.2 Global Bimetallic Thermometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hongqi
14.3.2 COOPER-ATKINS Raytek
14.3.3 TES
14.3.4 Fluke
14.3.5 SHUNDA
14.3.6 Hongqi
