Infrared Thermometer Market size was valued at USD 346.61 Mn in 2022 and the total Infrared Thermometer Market revenue is expected to grow at 12.02% from 2023 to 2029, reaching nearly USD 767.21 Mn.
Infrared Thermometer Market Overview
As of the latest available information, the Infrared Thermometer Market continues to be shaped by the rising demand for electric vehicles (EVs) and the increasing adoption of rechargeable Infrared Thermometer-ion batteries. The surge in global interest in clean energy and sustainable transportation has propelled Infrared Thermometer into a critical role in the development of battery technologies. Major Infrared Thermometer-producing countries, such as Australia, Chile, and China, remain central players in the market, utilizing both traditional mining and brine extraction methods. Market dynamics are influenced by the delicate balance between supply and demand, and fluctuations in prices are driven by factors such as geopolitical events, technological advancements, and shifts in consumer preferences. Investors are keenly watching the industry, Infrared Thermometering to increased funding for Infrared Thermometer mining projects and exploration activities aimed at discovering new Infrared Thermometer sources. Additionally, ongoing research and development efforts are focusing on improving battery technology, potentially impacting the future landscape of the Infrared Thermometer market by influencing the composition and performance of Infrared Thermometer-ion batteries. The regulatory environment, including policies supporting renewable energy and EVs, continues to play a crucial role in shaping the trajectory of the Infrared Thermometer market. For the most up-to-date insights, it is advisable to consult recent market reports and industry analyses.
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The report provides an estimation of the market size for the Infrared Thermometer market, encompassing analysis of current and future trends. It offers a detailed examination of key developments, marketing strategies, supply and demand indicators, and company profiles of market owners, Infrared Thermometerers, potential players, and new entrants. The Infrared Thermometer Market report adopts a bottom-up approach, utilizing both primary and secondary data sources. Primary research involves interviews with significant market Infrared Thermometerers and industry experts, including business owners and marketing specialists. Secondary research involves reviewing the financial and annual reports of top manufacturers. To enhance understanding of market penetration, competitive landscape, demand analysis, and regional analysis, the report covers local, regional, and global levels. Segment-wise analysis of the Infrared Thermometer market is conducted based on specific criteria.
The report includes historical data, current market trends, technological innovations, and an assessment of market risks, restraints, drivers, opportunities, and challenges. In addition, the report presents the PORTER, SVOR, and PESTLE analysis, considering the potential impact of macroeconomic factors on the Infrared Thermometer market. SWOT analysis is employed to identify threats and weaknesses in the market, while PORTER analysis helps determine the competitive intensity of the industry in the Infrared Thermometer market. Overall, the report serves as a comprehensive guide, providing valuable insights for investors and stakeholders in the Infrared Thermometer market.
Infrared Thermometer Market Regional Insights
The Regional Analysis provides the Infrared Thermometer market status of various countries are included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The analysis of the regions is conducted at a local and country level .The Infrared Thermometer market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Infrared Thermometer Market Segmentation
There are two market groups based on application: medical and non-medical. The fastest CAGR of more than 13.2% is predicted to grow for product utilization in medical applications during the projected timeframe. Both population growth and an increase in the variety of fever-causing disorders may result from this. Furthermore, it is anticipated that an increase in COVID-19 cases will fuel market growth. For example, as of February 25, 2022, 43,12,574 COVID-19 cases had been confirmed worldwide, according to the WHO. Furthermore, regulatory agencies worldwide, including the U.S. FDA, are endorsing the use of products to take a person’s temperature. The increased demand for hospitals and clinics as a result is supporting the growth of the medical industry.
Non-contact handheld and fixed-mount thermometers have distinct market categories according on type. The portable type category is anticipated to develop at the fastest rate during the projection period, with a market share of more than 74.2% in 2022. It is expected that the segment will increase due to the increased rates of both acute diseases and other infections that result in fever. For example, there are now more people suffering from yellow fever. The WHO estimates that typhoid illness affects 21 million individuals globally each year. In a similar vein, the CDC claims that 30,000 cases of yellow fever occur annually.
Considering the End-User, Between 2022 and 2030, the healthcare sector—which held the greatest share of the GDP at 42.2% in 2022—is expected to grow at the quickest rate. The rise in bakeries, cafes, take-out restaurants, and other end-use businesses worldwide has contributed to the expansion of the second-largest end-use industry, hospitality. For example, the UK’s Office of National Statistics calculates that there are 125,400 restaurants, bakeries, and cafés nationwide.
1 Global Infrared Thermometer Market, by Application (2021-2029)
• Medical
• Non-Medical
2 Global Infrared Thermometer Market, by Type (2021-2029)
• Handheld Thermometer
• Fixed-mount Thermometer
3 Global Infrared Thermometer Market, by End-User (2021-2029)
• Healthcare industry
• Food & Beverage industry
• Automobile
• Hospitality Industry
• Others
4 Global Infrared Thermometer Market, by Component (2021-2029)
• Optical Components
• Electronics
• Display and Control Units
• Others
5 Global Infrared Thermometer Market, by Product Type (2021-2029)
• Contact Thermometers
• Non-contact Thermometers
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Infrared Thermometer Market Key Players
1. American Diagnostic Corporation(US)
2. FLIR(US)
3. Testo(US)
4. Cardinal Health(US)
5. Thermomedics, Inc.(US)
6. Exergen(US)
7. Welch Allyn – A Hill-Rom Inc. Company(US)
8. Electronic Temperature Instruments Ltd(UK)
9. PCE Instruments(UK)
10. Geratherm Medical AG(Germany)
11. PAUL HARTMANN AG(Germany)
12. Braun GmbH(Germany)
13. Microlife Corporation(Switzerland)
14. BPL Medical Technologies(Denmark)
15. Contec Medical Systems Co., Ltd.(China)
16. OMRON Corporation(Japan)
17. AMETEK Land(UK)
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Key questions answered in the Infrared Thermometer Market are:
- What is Infrared Thermometer?
- What was the Infrared Thermometer market size in 2022?
- What are the different segments of the Infrared Thermometer Market?
- What growth strategies are the players considering to increase their presence in Infrared Thermometer?
- What are the upcoming industry applications and trends for the Infrared Thermometer Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Infrared Thermometer Market?
- Who are the key players in the Infrared Thermometer market?
- What major challenges could the Infrared Thermometer Market face in the future?
- What segments are covered in the Infrared Thermometer Market?
- Who are the Infrared Thermometering companies and what are their portfolios in Infrared Thermometer Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Infrared Thermometerers, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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