Desktop reference thermometers are indispensable tools for precise temperature measurement and calibration in various industries. They find applications in pharmaceuticals, petrochemicals, food processing, and laboratories. Key features of desktop reference thermometers include high accuracy, stability, and user-friendly interfaces. These thermometers are used for verifying and calibrating other temperature sensor and instruments, ensuring reliable temperature readings. They play a crucial role in maintaining quality control, process efficiency, and compliance with regulations, making them essential devices in industries where accurate temperature measurement is critical for optimal performance and product integrity.
According to Data Bridge Market Research, the Global Desktop Reference Thermometer Market accounted for USD 9.87 million by 2021 and is expected to reach USD 16.33 million by 2029. The market is expected to grow with a CAGR of 6.50% in the forecast period of 2022 to 2029.
“High accuracy provided by desktop reference thermometers boosts the market’s growth”
The high accuracy provided by desktop reference thermometers is a significant driver for the market's growth. These thermometers offer precise and reliable temperature measurements, making them ideal for calibration and verification purposes in various industries, including pharmaceuticals, aerospace, and food processing. The demand for accurate temperature monitoring and calibration tools has increased due to stringent quality control requirements and regulations. As a result, the desktop reference thermometer market is experiencing growth as industries prioritize accurate temperature measurements for improved product quality and process efficiency.
What restraints the growth of the global desktop reference thermometer market?
“High market threats of substitutes restraints the market’s growth”
The desktop reference thermometer market faces restraints due to high market threats of substitutes. With the advancement in technology, alternative temperature measurement devices such as digital thermometers and infrared thermometer are gaining popularity. These substitutes offer convenience, portability, and cost-effectiveness, which can deter potential customers from investing in traditional desktop reference thermometers.
Segmentation: Global Desktop Reference Thermometer Market
The global desktop reference thermometer market is segmented on the basis of type and application.
- On the basis of type, the desktop reference thermometer market is segmented into handled, others.
- On the basis of application, the desktop reference thermometer market is segmented into industrial, medical, and others.
Regional Insights: North America dominates the Global Desktop Reference Thermometer Market
North America dominated the market and is anticipated to continue to do so over the forecast period due to the recent discovery of shale oil reserves has led to a surge in the petroleum sector, driving regional growth. Despite rapid expansion in developing countries such as China, the United States remains a global leader in the pharmaceutical industry, and this dominance is expected to persist. Reference thermometers are extensively used for measuring temperature-sensitive compounds in the petroleum and petrochemical sectors. As the petroleum/petrochemical industry continues to grow during the projection period, the adoption of reference thermometers in North America is expected to increase.
Asia-Pacific is set to register highest growth rate in the global market due to substantial foreign investments in countries such as China, India, and Japan are driving the development of diverse industries. With rapid urbanization and development in China and India, the adoption of reference thermometers is expected to witness significant growth. Moreover, Japan's extensive investment in research and development across various sectors offers ample opportunities for the expansion of the reference thermometer industry.
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The Prominent Key Players Operating in the Global Desktop Reference Thermometer Market Include:
- WIKA Instruments India Pvt. Ltd.(India)
- Fluke Corporation (U.S.)
- Dostmann Electronic GmbH (Germany)
- Isothermal Technology Limited. (U.K.)
- Thermco Products Inc. (U.S.)
- ThermoProbe, Inc. (U.S.)
- AccuMac Technology Inc. (U.S.)
- CHINO Corporation India Pvt. Ltd. (India)
- Eurolec Instrumentation Ltd. (Ireland)
- Gometrics SL (Spain)
- IndoSurgicals Private Limited. (India)
- Sperry West. (U.S.)
- KwikTemp Medical (U.S.)
- Welch Allyn (U.S.)
- Exergen Corporation(US)
- Geratherm Medical AG (Germany)
- Microlife Corporation. (Switzerland)
- BPL Medical Technologies (India)
- CONTEC MEDICAL SYSTEMS CO.,LTD (China)
- Cardinal Health. (U.S.)
- OMRON Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global desktop reference thermometer market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Desktop Reference Thermometer Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
