Market Overview:
The global digital temperature gauge 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 digital temperature gauges in various applications, such as industrial, residential, and healthcare applications. In addition, the growing awareness about energy conservation is also propelling the growth of this market.
Product Definition:
A digital temperature gauge is a device used to measure the temperature of an object or environment. They are often used in industrial and scientific settings, but can also be found in consumer products like cars. Digital temperature gauges are important because they provide a precise measurement of temperature, which can be used to make critical decisions or adjustments.
Bimetal Temperature Gauge:
Bimetal temperature gauges are used in automotive and industrial applications. They consist of two metals, one of them is normally an alloy containing copper and zinc while the other is a thermopile which generates heat when exposed to high voltage electricity.
Gas-Actuated Temperature Gauge:
The gas-actuated temperature gauge is a device used to measure the temperature of an object with the help of a thermal reaction. It works on the basic principle that when gas is introduced into an insulated container, its temperature can be measured by using a thermometer. The most commonly used gases in this case are air and nitrogen.
Gas-actuated temperature gauges are widely used in industries such as petrochemical, pharmaceuticals, food processing.
Application Insights:
The industrial segment dominated the global demand for digital temperature gauge with a share of over 60.0% in 2017. The growing manufacturing sector across the globe is expected to boost product demand in industrial applications such as process control, fermentation monitoring, and food processing plants. In addition, stringent regulations on water and wastewater treatment are expected to propel market growth during the forecast period.
The residential segment is projected to witness significant growth over the forecast period owing to increasing investments in home automation projects across developed economies including Germany.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to rising industrialization and expansion of manufacturing facilities by various companies in the region. In addition, increasing adoption of temperature gauges for monitoring process variables such as oil & gas, food processing, pharmaceuticals and others is anticipated to propel industry growth over the coming years.
In terms of revenue share, Europe accounted for a major market share in 2017 owing to high demand from end-use industries such as automotive and healthcare. However, stringent government regulations regarding energy efficiency may hinder industry growth over the next eight years.
Growth Factors:
- Increasing demand for smart temperature gauges in automobiles
- Growing popularity of IoT-enabled devices
- Proliferation of wireless communication technologies
- Rising demand for precision temperature measurement solutions
- Growing awareness about the benefits of using digital temperature gauges
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Temperature Gauge Market Research Report
By Type
Bimetal Temperature Gauge, Gas-Actuated Temperature Gauge
By Application
Industrial, Residential, Healthcare
By Companies
Ashcroft (Nagano Keiki), Ametek, WIKA, Dwyer Instruments, Watts Water Technologies, OMEGA Engineering, Omron, Fluke Corporation, Tel-Tru, REOTEMP Instruments, Anderson-Negele, Winters Instruments, Brannan, Hangzhou Hangwen Instruments, Dpstar Group, Acez Instruments
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Digital Temperature Gauge Market Report Segments:
The global Digital Temperature Gauge market is segmented on the basis of:
Types
Bimetal Temperature Gauge, Gas-Actuated Temperature Gauge
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
Industrial, Residential, Healthcare
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:
- Ashcroft (Nagano Keiki)
- Ametek
- WIKA
- Dwyer Instruments
- Watts Water Technologies
- OMEGA Engineering
- Omron
- Fluke Corporation
- Tel-Tru
- REOTEMP Instruments
- Anderson-Negele
- Winters Instruments
- Brannan
- Hangzhou Hangwen Instruments
- Dpstar Group
- Acez Instruments
Highlights of The Digital Temperature Gauge 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:
- Bimetal Temperature Gauge
- Gas-Actuated Temperature Gauge
- By Application:
- Industrial
- Residential
- Healthcare
- 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 Digital Temperature Gauge 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 digital temperature gauge is a device that measures the temperature of an object. It typically consists of a sensor and an electronic display.
Some of the major players in the digital temperature gauge market are Ashcroft (Nagano Keiki), Ametek, WIKA, Dwyer Instruments, Watts Water Technologies, OMEGA Engineering, Omron, Fluke Corporation, Tel-Tru, REOTEMP Instruments, Anderson-Negele, Winters Instruments, Brannan, Hangzhou Hangwen Instruments, Dpstar Group, Acez Instruments.
The digital temperature gauge market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Temperature Gauge 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 Digital Temperature Gauge Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Temperature Gauge 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 Digital Temperature Gauge 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 Digital Temperature Gauge Market Size & Forecast, 2020-2028
4.5.1 Digital Temperature Gauge Market Size and Y-o-Y Growth
4.5.2 Digital Temperature Gauge Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Bimetal Temperature Gauge
5.2.2 Gas-Actuated Temperature Gauge
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential
6.2.3 Healthcare
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Temperature Gauge 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 Digital Temperature Gauge 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Bimetal Temperature Gauge
9.6.2 Gas-Actuated Temperature Gauge
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 Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential
9.10.3 Healthcare
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Bimetal Temperature Gauge
10.6.2 Gas-Actuated Temperature Gauge
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 Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential
10.10.3 Healthcare
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Bimetal Temperature Gauge
11.6.2 Gas-Actuated Temperature Gauge
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 Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential
11.10.3 Healthcare
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Bimetal Temperature Gauge
12.6.2 Gas-Actuated Temperature Gauge
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 Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential
12.10.3 Healthcare
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Bimetal Temperature Gauge
13.6.2 Gas-Actuated Temperature Gauge
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) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential
13.10.3 Healthcare
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 Digital Temperature Gauge Market: Competitive Dashboard
14.2 Global Digital Temperature Gauge Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ashcroft (Nagano Keiki)
14.3.2 Ametek
14.3.3 WIKA
14.3.4 Dwyer Instruments
14.3.5 Watts Water Technologies
14.3.6 OMEGA Engineering
14.3.7 Omron
14.3.8 Fluke Corporation
14.3.9 Tel-Tru
14.3.10 REOTEMP Instruments
14.3.11 Anderson-Negele
14.3.12 Winters Instruments
14.3.13 Brannan
14.3.14 Hangzhou Hangwen Instruments
14.3.15 Dpstar Group
14.3.16 Acez Instruments
