Global Reference Thermometer Market

Global Reference Thermometer Market was valued US$ 8.59 Bn in 2017 and is expected to reach US$ 13.38 Bn by 2026, at a CAGR of 5.7 % during a forecast period. The reference thermometer market is segmented into device type, application, and region. Further, global reference thermometer market based on device type includes handheld and desktop. In terms of application segment, global reference thermometer market is classified into industrial, medical, and R&D. Based on regions, the global reference thermometer market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa. In terms of device type, handheld devices are expected to emerge as the largest and fastest-growing segment in the reference thermometer market due to portability. Furthermore, handheld devices are less expensive compared to desktop devices, which are primarily used in the field of scientific research and development owing to their enhanced accuracy. Handheld devices are preferred by technicians due to their usefulness in inaccessible areas and precise measurements. Although desktop devices are expensive, they are used for calibrating temperature sensors for precise measurements.

Based on application, industrial application is expected to emerge as the fastest-growing segment in the market owing to the primary factor driving product demand in industrial applications is portability. These devices is used on-site or in proximity to the entity subject to be measured. The ability of these devices to measure temperature in hazardous areas is expected to further increase their demand in industrial applications.

The medical application segment is also expected to witness significant growth owing to increasing investments in medical technology. A rise in investments is attributed to the need for advanced diagnostic technologies in order to identify complex diseases evolving each day. The R&D segment is also anticipated to offer lucrative growth opportunities over the forecast period owing to extensive product development activities. Rise in manufacturing activities in developing and developed nations is a prominent factor estimated to drive market growth. Moreover, technological advancements in instrumentation engineering, leading to improvements in the accuracy of temperature measurement, is also boosting market growth. Other factors propelling the market are increasing preference for resistance temperature detectors sensors and favorable government regulations around the world to reduce the use of mercury in thermometers. In terms of region, North America captured the largest share and is expected to dominate the market during the forecast period due to reference thermometers are extensively used for measurement of temperature sensitive chemicals such as petroleum m& petrochemicals. Consequently, growth in the petroleum & petrochemical industry is anticipated to spur product adoption in North America over the forecast period. Some of the major players operating in the global reference thermometer market are Wika Instruments Ltd., Fluke Corporation, Dostmann Electronic GmbH, and ISOTECH.

The scope of Global Reference Thermometer Market:

Global Reference Thermometer Market, by Device Type:

• Handheld
• Desktop

Global Reference Thermometer Market, Application:

• Industrial
• Medical
• R&D
• Others

Global Reference Thermometer Market, by Region:

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America

Key players operated in Global Reference Thermometer Market:

• Wika Instruments Ltd.
• Fluke Corporation
• Dostmann Electronic GmbH
• ISOTECH
• Others.

For more information visit : https://www.maximizemarketresearch.com/market-report/global-reference-thermometer-market/20169/

This Report Is Submitted By Maximize Market Research

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: sales@maximizemarketresearch.com

Address: Maharashtra 411051, India.

Contact:+919607065656

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals,