Market Overview:
The global industrial 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 thermometers from various end-use industries, such as oil & gas, chemical, iron & steel, and others. In addition, the growing awareness about energy conservation is also propelling the demand for industrial thermometers across different regions. Based on type, the global industrial thermometer market can be segmented into bimetallic thermometer and glass rod thermometer. The bimetallic thermo meter segment is expected to account for a larger share of the global market in terms of revenue during the forecast period owing to its high accuracy and reliability.
Product Definition:
An industrial thermometer is a type of thermometer that is specifically designed for use in industrial environments. They are typically more rugged and durable than traditional thermometers, and can be used to measure a variety of different parameters including temperature, pressure, and flow rate. Industrial thermometers are important for ensuring the safety and efficiency of industrial processes.
Bimetallic Thermometer:
Bimetallic thermometers are two-temperature indicators that contain a fixed beryllium copper arm and a temperature-sensitive alloy of nickel, aluminum or other metals. These types of thermometers can be used in both high & low temperatures and have the ability to read up to 300°C (570 °F). The working fluid used in these types of thermometer is usually mercury.
Glass Rod Thermometer:
Glass rod thermometer is a device used to measure temperature of liquid or gas by passing heat from one end of the instrument to the other. It is an inexpensive, easy-to-use and highly reliable tool that can be used in industrial as well as household applications. The most commonly used materials for manufacturing glass rod thermometers are mercury and stainless steel; however, copper & aluminum are also utilized on rare occasions.
Application Insights:
The chemical industries segment dominated the global industry thermometer market in terms of revenue share in 2017. The growth can be attributed to the rising demand for chemical products across various end-use industries such as automotive, construction, and packaging. In addition, factors such as increasing investments by companies for R&D activities pertaining to new and advanced chemicals are also contributing towards segment growth.
The oil & gas industries are anticipated to witness significant growth over the forecast period owing to ongoing projects across various countries including Saudi Arabia Russia China India Australia South Korea Brazil Algeria Mexico Thailand Nigeria UAE etcetera which is likely to propel product demand from 2018-2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are among the largest consumers of industrial equipment owing to their rapidly expanding manufacturing sector. Moreover, these nations have a strong presence of oil & gas industries that require high-precision temperature measurement for wellhead management and process control purposes. This factor is anticipated to drive regional growth during the forecast period.
Growth Factors:
- Increasing demand from the end-user industries for accurate and reliable temperature measurements
- Growing awareness about the benefits of using industrial thermometers for various process control applications
- Technological advancements in industrial thermometer design and manufacturing that improve accuracy, reliability, and performance
- Rising demand for thermal imaging cameras as a complementary technology to industrial thermometers
- Growing popularity of smart sensors and wireless connectivity in industrial thermometers
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Thermometer Market Research Report
By Type
Bimetallic Thermometer, Glass Rod Thermometer
By Application
Oil & Gas Industries, Chemical Industries, Iron & Steel Industries, Others
By Companies
Tel-Tru, Trerice, REOTEMP Instruments Corp., Ametek, Amarell GmbH & Co. KG, Thermocouple Technology, Endress+Hauser Management, Fortive
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Thermometer Market Report Segments:
The global Industrial Thermometer market is segmented on the basis of:
Types
Bimetallic Thermometer, Glass Rod Thermometer
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 Industries, Chemical Industries, Iron & Steel Industries, 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:
- Tel-Tru
- Trerice
- REOTEMP Instruments Corp.
- Ametek
- Amarell GmbH & Co. KG
- Thermocouple Technology
- Endress+Hauser Management
- Fortive
Highlights of The Industrial 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:
- Bimetallic Thermometer
- Glass Rod Thermometer
- By Application:
- Oil & Gas Industries
- Chemical Industries
- Iron & Steel Industries
- 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 Industrial 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.
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?
An industrial thermometer is a device used to measure the temperature of an object. It can be used in various industries, such as manufacturing, food processing, and scientific research.
Some of the key players operating in the industrial thermometer market are Tel-Tru, Trerice, REOTEMP Instruments Corp., Ametek, Amarell GmbH & Co. KG, Thermocouple Technology, Endress+Hauser Management, Fortive.
The industrial thermometer 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 Industrial 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 Industrial Thermometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial 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 Industrial 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 Industrial Thermometer Market Size & Forecast, 2020-2028
4.5.1 Industrial Thermometer Market Size and Y-o-Y Growth
4.5.2 Industrial Thermometer 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 Bimetallic Thermometer
5.2.2 Glass Rod Thermometer
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 Oil & Gas Industries
6.2.2 Chemical Industries
6.2.3 Iron & Steel Industries
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 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 Bimetallic Thermometer
9.6.2 Glass Rod Thermometer
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 Oil & Gas Industries
9.10.2 Chemical Industries
9.10.3 Iron & Steel Industries
9.10.4 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 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 Bimetallic Thermometer
10.6.2 Glass Rod Thermometer
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 Oil & Gas Industries
10.10.2 Chemical Industries
10.10.3 Iron & Steel Industries
10.10.4 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 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 Bimetallic Thermometer
11.6.2 Glass Rod Thermometer
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 Oil & Gas Industries
11.10.2 Chemical Industries
11.10.3 Iron & Steel Industries
11.10.4 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 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 Bimetallic Thermometer
12.6.2 Glass Rod Thermometer
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 Oil & Gas Industries
12.10.2 Chemical Industries
12.10.3 Iron & Steel Industries
12.10.4 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) 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 Bimetallic Thermometer
13.6.2 Glass Rod Thermometer
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 Oil & Gas Industries
13.10.2 Chemical Industries
13.10.3 Iron & Steel Industries
13.10.4 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 Industrial Thermometer Market: Competitive Dashboard
14.2 Global Industrial Thermometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tel-Tru
14.3.2 Trerice
14.3.3 REOTEMP Instruments Corp.
14.3.4 Ametek
14.3.5 Amarell GmbH & Co. KG
14.3.6 Thermocouple Technology
14.3.7 Endress+Hauser Management
14.3.8 Fortive
