A comprehensive overview of the infrared thermometer market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the orthodontic supply market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The infrared thermometer market is likely to showcase a robust growth of around 10% during the forecast period (2021-2027).
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The infrared thermometer market is expected to witness a CAGR of around 10% during the forecast period. An infrared thermometer is a device that records the temperature of a subject from a distance by reading its thermal radiation levels. The device is beneficial in situations where it is difficult to reach the object to measure the temperature. Additionally, thermometers play a vital part in many industry verticals, but the most noticeable among them is the healthcare sector, which uses thermometers more than other industries. The growth of the infrared thermometer market during the forecast period is driven by some major factors such as a hike in covid-19 cases, infectious diseases, rising industry growth, and food manufacturing & processing units.
The infrared thermometer market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By product, the market is primarily bifurcated into:
· Fixed Infrared Thermometer
· Portable Infrared Thermometer
Based on product, the infrared thermometer market is segmented into fixed infrared thermometer and portable infrared thermometer. The portable infrared thermometers category is anticipated to witness a significant growth rate during the forecast period. This is mainly due to the growing demand for infrared thermometers in the medical sector, hospitality services, industries, and various commercial places because these thermometers are easy to use and portable. Moreover, the ability of a portable infrared thermometer to measure the temperature from distance is further contributing to the growth of this segment.
By application, the market is primarily bifurcated into:
· Non-Medical Thermometers
· Medical Thermometers
Based on application, the infrared thermometer market is segmented into non-medical and medical. The medical category is supposed to witness considerable growth during the forecast period because of an increase in its non-medical use globally. The non-medical portable infrared thermometers are utilized in different industries, like the fire department, hospitality, and manufacturing and new technological advancement is further driving the market growth of this category. For instance, IR thermometers are used by firefighters to recognize areas during any fire and can be utilized to screen industrial equipment, for example, boilers, and high-temperature pipes, which help laborers in determining the surface temperature without direct contact.
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Infrared Thermometer Market Geographical Segmentation Includes:
· North America Infrared Thermometer Market
o Rest of North America
· Europe Infrared Thermometer Market
o Rest of Europe
· Asia-Pacific Infrared Thermometer Market
o South Korea
o Rest of Asia-Pacific
· Rest of the world Infrared Thermometer Market
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. The rising growth of this factor in this region is mainly due to the presence of a large population, and the increasing requirement for portable infrared thermometers in some industries such as healthcare, food & beverage, and electronics to check the surface temperature of the product from the distance.
The major players targeting the market include:
· Fluke Corporation
· FLIR Systems
· Testo SE & Co. KGaA
· Omron Corporation
· Microlife Corporation
· Hill-Rom Holdings, Inc.
· OMEGA Engineering
· PCE Instruments
· Chino Corporation Pvt Ltd.
· Land Instruments International
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the infrared thermometer market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the infrared thermometer market?
· Which factors are influencing the infrared thermometer market over the forecast period?
· What are the global challenges, threats, and risks in the infrared thermometer market?
· Which factors are propelling and restraining the infrared thermometer market?
· What are the demanding global regions of the infrared thermometer market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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