Thermo Hygrometer Market - Global opportunity analysis and industry forecast
Thermo hygrometer are the measuring instruments that is used to measure the humidity and temperature of the air. The thermo hygrometer is used to calculate the dew point and measure the relative humidity and wet bulb temperature. The thermo hygrometer measures and stores the data & information within the device itself, which can further be transferred into the computer for further evaluation. The thermo hygrometer are also used by weather forecasting professionals, HVAC professionals, and others to determine the moisture content and temperature of the air. The thermo hygrometer is used in various industries such as pharmaceutical, chemical, bio-technical and other such industries.
COVID-19 scenario analysis:
- The demand for the thermo hygrometer is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from various industries and weather forecasting organizations.
- COVID-19 pandemic has shut-down the production of various products in the thermo hygrometer, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the thermo hygrometer market significantly form last few months, as is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed form giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The increasing warehouses for storing of food products and maintaining the quality of food & beverage products by controlling the temperature and humidity has created a positive impact in the growth of thermo hygrometers market. The thermo hygrometers are used to protect the food from getting damaged due to high temperature and humidity in the air. Further, the increasing demand for the thermo hygrometers in the hospitals for maintaining the humidity level and temperature according to the patient condition is expected to fuel the thermo hygrometers market. The increasing demand for the thermo hygrometers in weather forecasting organization for monitoring the water vapor level in air, indoor climate and environmental conditions is expected to fuel the thermo hygrometers market. The increasing demand from various materials processing industries such as wood, concrete, bricks and plaster is further expected to boost the growth of thermo hygrometers market. North America is accounted to hold the largest market share in thermo hygrometers market. Moreover, the fluctuation in climate and occurrence of various natural disasters in Asia-Pacific region has further created the demand for thermo hygrometers in weather forecasting organizations. This in turn is expected to boost the thermo hygrometer market growth. The new technological advancements in analogue thermo hygrometer provide new opportunities to the thermo hygrometer market as most of the customers are interested in analogue thermo hygrometer in comparison to digital thermo hygrometer.
The global thermo hygrometer market trends are:
New product launches to flourish the market
On December 2019, one of the global leader in moisture measurement products Amphenol Advanced Sensors has launched a new thermo hygrometer Protimeter Hyrgromaster L. The Hygromaster L features a smart digital interface that displays temperature, relative humidity level, specific humidity and dew point. The product also has a fast responding humidity sensor that can be used with Hygromaster L to determine the humidity level in the concrete and plasters.
High demand from applications:
The thermo hygrometers are employed for the various humidity & temperature measurement. The thermo hygrometer applications includes clean rooms, textile, building commission, climatic conditions, HVAC(Heating, ventilation and air conditioning), environmental research, breweries & fermentation, pharmaceutical incubators, pharmaceutical tablet coating, food ripening & storage and plant growth chambers. Further in residential & nonresidential buildings, the thermo hygrometer is used to measure the humidity level in concrete, bricks, wood and plaster. The thermo hygrometers are also used in care of wooden musical instruments such as guitars, pianos, violins and others that can be damaged due to improper humid conditions. The thermo hygrometers are installed in the food storage warehouses where it is used to control the temperature and humidity level in the air in order to prevent the food from damage. The thermo hygrometer is also used in the coating industry due to the application of paint coatings that are sensitive to humidity and dew point.
Key benefits of the report:
- This study presents the analytical depiction of the thermo hygrometer market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the thermo hygrometer market share.
- The current market is quantitatively analyzed to highlight the thermo hygrometer market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years.
Thermo Hygrometer Market Report Highlights
By Industry Vertical
Key Market Players
Parco Scientific Co., Universal Electronics Inc., PCE Instruments, La Crosse Technology Ltd., REED-Direct, Dwyer Instruments, Inc., Terra Universal, Inc., OMEGA Engineering, Inc., RS Components Ltd., Honeywell Analytics, Inc., Itronics Co., Ltd., Fluke Corporation, Ambient Weather, LLC, Inspector Tools.