LAMEA Infrared Thermometer Market By Type (Fixed Infrared Thermometer and Portable Infrared Thermometer), By Component (Display & Control Units, Electronics, Optical Components and Others), By Application (Non-medical and Medical), By End User (Industrial, Commercial and Residential), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Latin America, Middle East and Africa Infrared Thermometer Market would witness market growth of 8.5% CAGR during the forecast period (2020-2026). The significant factors that drive the infrared thermometer market include a spur in the rates of infectious diseases & other medical conditions, like malaria and dengue, and the increasing awareness about the significance of monitoring of body temperature.
Additionally, the growth of the market would witness bright growth prospects due to the rising applications of these devices in temperature monitoring for laboratory, industrial, imaging, and medical purposes. Moreover, the market growth is supported by an increment in various medical conditions like malaria, swine flu, and dengue, including precise body temperature readings to identify the kind of treatment.
Some parameters including the rising number of COVID-19 cases & the high adoption rate of infrared thermometers across the manufacturing unit & construction applications are expected to contribute to the growth of the infrared thermometers market during the forecast period. The infrared thermometer market would witness lucrative growth opportunities due to various factors such as emerging opportunities for 2nd generation of infrared thermometers, increasing R&D funding by companies & capital firms with an aim to create ultra-modern thermal scanning solutions & infrared thermometers, increasing adoption of infrared thermometers in HVAC and refrigeration applications.
The Brazil market dominated the LAMEA Commercial Infrared Thermometer Market by Country 2019, and would continue to be a dominant market till 2026. The Argentina market would witness a CAGR of 9.6% during (2020 - 2026). Additionally, The UAE market is exhibiting a CAGR of 8.8% during (2020 - 2026).
The Portable Infrared Thermometer market dominated the Saudi Arabia Infrared Thermometer Market by Type 2019, thereby, achieving a market value of $23.1 million by 2026. The Fixed Infrared Thermometer market is expected to witness a CAGR of 10.9% during (2020 - 2026).
Based on Type, the market is segmented into Fixed Infrared Thermometer and Portable Infrared Thermometer. Based on Component, the market is segmented into Display & Control Units, Electronics, Optical Components and Others. Based on Application, the market is segmented into Non-medical and Medical. Based on End User, the market is segmented into Industrial, Commercial and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fortive Corporation (Fluke Corporation), Spectris PLC (Omega Engineering), Omron Corporation, Hill-Rom Holdings, Inc., Robert Bosch GmbH, Horiba Ltd., Emerson Electric Co., Chino Corporation, Microlife Corporation (Midas Company Limited), and Optris GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Fixed Infrared Thermometer
- Portable Infrared Thermometer
- Display & Control Units
- Optical Components
By End User
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Fortive Corporation (Fluke Corporation)
- Spectris PLC (Omega Engineering)
- Omron Corporation
- Hill-Rom Holdings, Inc.
- Robert Bosch GmbH
- Horiba Ltd.
- Emerson Electric Co.
- Chino Corporation
- Microlife Corporation (Midas Company Limited)
- Optris GmbH
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