Published Date: 23-Mar-2021
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According to a new report Global Infrared Thermometer Market, published by KBV research, The Global Infrared Thermometer Market size is expected to reach $3.8 billion by 2026, rising at a market growth of 7.9% CAGR during the forecast period.
On the basis of components, the optical components segment would exhibit a promising growth rate in the infrared thermometer market. Various optical elements such as detectors are utilized to monitor the reflected infrared energy, concentrate the radiation energy onto the IR detector, & filter out radiation more than the required wavelength frequency.
The non-medical application segment would acquire a major revenue share. The infrared thermometers are deployed for the non-medical application majorly utilizes a mica or germanium lens & hence are costlier. Both infrared radiation & the emissivity value of a surface can be measured with the help of an infrared thermometer. In the non-medical application, infrared thermometers are utilized to calculate surface temperatures over a broad temperature range to fulfill the requirements of various industrial applications.
North America is one of the major regions of the global infrared thermometers market. The regional market growth is dependent on the existence of various infrared thermometer product makers in the US & the high usage of infrared thermometers in the commercial & industrial end-use segment. Due to the rapidly growing awareness, the North America region would witness considerable growth. The region is growing in terms of infectious diseases which would increase the level of awareness about the infrared thermometer. A surge in rates of infectious diseases as there is a high possibility of transmission of disease from contact thermometer & the fact that kids are incapable of holding the contact thermometer is supporting the demand for Infrared Thermometers.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Accell Group, Mahindra & Mahindra Limited (Mahindra Group), Yamaha Motor Co., Ltd., Giant Manufacturing Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Derby Cycle AG (Pon Holdings B.V.), Fuji-ta Bicycle Co., Ltd., Trek Bicycle Corporation, Tianjin Golden Wheel Group Co., Ltd., and Wuxi Truckrun Motor Co., Ltd.
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