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| Report Code: A16575 | Pages: 280 | Jul 2022 | 1735 Views | ||
| Author(s) : Tanuj B, Ankit G , Vineet K | Tables: 178 | Charts: 65 |
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The global digital thermometer market was valued at $757.81 million in 2021, and is projected to reach $1.3 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
A digital thermometer is a temperature measuring device. A digital thermometer is used to verify a smart temperature transmitter under flowing conditions and a successful calibration of the smart temperature transmitter. Further, digital thermometers are used in industry and in home, in applications including food preparation, manufacturing, medical & scientific testing and procedures. In addition, increase in demand for mercury-free thermometers drives the growth of the market during the forecast period.
The outbreak of COVID-19 has significantly boosted the growth of the digital thermometer market, owing to constant checks on patients’ temperature in hospitals and contact-less temperature checks during travel. Considering the inputs of various industry experts globally, the third wave of the COIVID-19 pandemic significantly boosted the growth of the digital thermometer market across Europe and Asia-Pacific. However, the increase in demand for mercury-free thermometers globally is expected to drive the growth of the digital thermometer market during the forecast period.
Digital thermometers rely on the principle that the electrical resistance of metal changes with temperature. Moreover, the mounting adoption rate of digital infrastructure backed by technological development facilitates numerous digital thermometer market outlook during the forecast period.
The digital thermometer market is segmented into End Use Verticals, Product Type, Interface, and Sensor Type.
By end user verticals, the market is segmented into residential, commercial, industrial, healthcare, and others.
On the basis of product type, the market is fragmented into oral thermometer, digital ear thermometer, forehead thermometer, app-based thermometer, and others.
By interface, it is divided into contact and contact free.
By sensor type, the market is categorized into resistance temperature detector, thermocouple, and thermistor.
Region-wise, the digital thermometer market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific, specifically the Rest of Asia-Pacific, remains a significant participant in the digital thermometer industry. Major organizations and government institutions in the emerging countries are intensely putting resources into the technology.
TOP IMPACTING FACTORS
Significant factors that impact the digital thermometer market growth industry include an increase in demand for mercury-free thermometers and medical thermometers. Moreover, rise in number of initiatives from government and institutions associated with enhancing medical/healthcare infrastructure at regional and global level to provide boost to the market. However, lack of awareness for the use of digital thermometer in emerging nations is one of the prime factor restraining the market growth. On the contrary, proposed development of government campaigns will offer access in remote areas and emerging nations is expected to provide lucrative opportunities for the growth of the thermopro thermometer and digital room thermometer under digital thermometer market during the forecast period.
COMPETITION ANALYSIS
Competitive analysis and profiles of the major digital thermometer market players, such as A&D Medical (A&D Company, Limited), Actherm Inc. (FORTECHGRP CO., LTD.), AMETEK Land (Land Instruments International Ltd), EXTECH (Teledyne FLIR), Fairhaven Health, Omega Engineering Inc. (Spectris plc), OMRON Healthcare Inc., PCE Holding GmbH, RG Medical Diagnostics and Terumo Corporation are provided in this report.
Digital Thermometer Market Report Highlights
| Aspects | Details |
|---|---|
| By End Use Verticals |
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| By Product Type |
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| By Interface |
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| By Sensor Type |
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| By Region |
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| Key Market Players | a&d medical, omega engineering, Actherm Inc., AMETEK Land, OMRON Healthcare Inc., PCE Holding GmbH, RG Medical Diagnostics, terumo corporation, extech instruments, fairhaven health, llc |
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A simple digital thermometer is the combination of a thermocouple, a battery-powered, dual-slope digital voltmeter to measure the thermocouple output, and an electronic display. This provides a low-noise digital output that can resolve temperature differences as small as 0.1°C. Further, digital thermometers are used in industry and in the home, in applications including food preparation, manufacturing, medical & scientific testing and procedures. In addition, surge in demand for mercury-free thermometers drives the growth of the market during the forecast period.
The global digital thermometer market is highly competitive, owing to the strong presence of existing vendors. Digital thermometer vendors, who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Surge in demand for constant temperature assessment during COVID-19 globally augments the need to enhance digital thermometer solutions for contact less and mercury-free thermometers. Moreover, prime economics, such as the U.S., China, Germany, and Japan, plan to develop and deploy non-contact temperature measurement solutions across various sectors. For instance, in March 2021, AMETEK Land signed an agreement with SPECTRO Hispania to be its distribution partner for its non-contact temperature measurement products for the iron and aluminum foundry industry in Spain, which is anticipated to provide lucrative opportunities for the market growth.
Globally, various key players and government agencies have invested in digital thermometer to make them compatible with various industrial platforms. For instance, on May, 2022, AMETEK Land provided an innovation for cleaner and more efficient glass furnaces, such as Cyclops C100 L pyrometer, which provides accurate, calibrated, and traceable temperature readings of molten glass from different positions around the melt tank. Moreover, it can be supplemented by NIR-B-2K-Glass imaging camera, available for fixed installation or as a transportable version that adds significant advantages compared with visual imaging and point-temperature measurements. In addition, in January 2020, Extech introduced new Extech IRC130 Thermal Imager IR Thermometer, which can avoid electrical & mechanical failures, locate water damage sources, find missing insulation or leaky air ducts, and troubleshoot automotive repairs. The patented MSX technology provides full context of problem areas by embossing visual details onto thermal images, providing added perspective to identify the exact location of hot or cold spots. All these developments across digital thermometer showcase lucrative growth opportunities for the market growth.
The key players profiled in the report include A&D Medical (A&D Company, Limited), Actherm Inc. (FORTECHGRP CO., LTD.), AMETEK Land (Land Instruments International Ltd), EXTECH (Teledyne FLIR), Fairhaven Health, Omega Engineering Inc. (Spectris plc), OMRON Healthcare Inc., PCE Holding GmbH, RG Medical Diagnostics and Terumo Corporation.
A. Non-contact infrared thermometers and App-based thermometers are the upcoming trends of Digital Thermometer Market in the world.
A. Asia-Pacific is the largest regional market for Digital Thermometer.
A. The global digital thermometer market was valued at $757.8 million in 2021.
A. A&D Medical (A&D Company, Limited), Actherm Inc. (FORTECHGRP CO., LTD.), OMRON Healthcare Inc., PCE Holding GmbH, and RG Medical Diagnostics are the top companies to hold the market share in Digital Thermometer.
A. The global digital thermometer market research is segmented into product type, interface, sensor type, and end user verticals.
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