What Is the Projected Growth of the Handheld Pyrometer Market?
The Handheld Pyrometer Market Growth has been experiencing substantial momentum in recent years. The global handheld pyrometer market was valued at USD 141.5 million in 2023 and is projected to grow from USD 149.3 million in 2024 and reach USD 243.6 million by 2032, exhibiting a CAGR of 6.3% during the forecast period. North America dominated the global market with a share of 16.96% in 2023. This report explores key market trends, major growth drivers, and detailed market segmentation by [key segment categories].
The handheld pyrometer market is expanding due to increasing demand for accurate temperature measurement across industries. Infrared and laser-based pyrometers equipped with AI-powered data analytics are enhancing precision. As industries prioritize quality control and safety, demand for handheld pyrometers continues to rise.
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Which Companies Are Leading in the Handheld Pyrometer Market?
Major companies operating in the semiconductor machinery market include AMETEK Land (U.K.), Advanced Energy Industries Inc. (U.S.), Proxitron GmbH (Germany), Fluke Process Instruments (U.S.), PCE Instruments (Germany), Optris GmbH (Germany), AOIP (France), Optron GmbH (Germany), CHINO Corporation (Japan), Calex Electronics Limited (U.K.), Micro-Epsilon Measurement Technology (Germany), Omega Engineering Inc. (U.S.)
Key highlights of the Report:
• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
What comprehensive insights does the research report on Handheld Pyrometer provide, and which regions are analyzed in detail?
The research report on Handheld Pyrometer provides a comprehensive assessment of the market, offering strategic insights into future trends, growth drivers, supplier and demand landscapes, year-over-year (Y-o-Y) growth, compound annual growth rate (CAGR), and pricing dynamics. It also incorporates key business analytical frameworks such as Porter’s Five Forces, PESTLE Analysis, Value Chain Analysis, 4 Ps (Product, Price, Place, Promotion), Market Attractiveness Index, BPS (Basis Point Share) Analysis, and Ecosystem Mapping. Additionally, the report provides an in-depth regional analysis across major geographical markets, including:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
- South America (Brazil, Argentina, Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)
- These insights empower stakeholders to understand market dynamics, identify growth opportunities, and make strategic decisions across regions.
What Are the Recent Industry Developments in the Handheld Pyrometer Market?
- AMETEK Land added two new models to its popular SPOT AL EQS pyrometers range for forming & forging applications.
- Micro-Epsilon launched a new infrared pyrometer enabled with precise and non-contact temperature measurements in the range from 0°C to 500°C.
- Arcline Investment Management announced the acquisition of Omega Engineering Inc for USD 525 million.
- Advanced Energy acquired Versatile Power Inc. This acquisition has added RF and programmable power supplies for medical and industrial application to the company’s product portfolio which further expands their presence in market.
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