The handheld reference thermometer market offers a range of advanced features. These thermometers are known for their portability, high accuracy, and quick response times. The dominating segment in this market is the digital handheld reference thermometer, featuring easy-to-read displays, precise calibration capabilities, and compatibility with various temperature probes. These devices find widespread application in industries requiring precise temperature measurements, including pharmaceuticals, food processing, and HVAC. Their ability to ensure accuracy and reliability has solidified their position as the leading segment in the handheld reference thermometer market.
According to Data Bridge Market Research, the Global Handheld Reference Thermometer Market was growing at a value of 16.33 million in 2021 and is expected to reach the value of USD 28.06 million by 2029, at a CAGR of 7.00% during the forecast period of 2022-2029.
“High penetration of manufacturing activities boost the market’s growth”
The high penetration of manufacturing activities is a significant driver in the handheld reference thermometer market. Manufacturing processes often demand precise temperature control and monitoring. Handheld reference thermometers offer an efficient solution, ensuring accuracy and compliance with industry standards. With manufacturing activities on the rise, the demand for these thermometers is growing to maintain product quality, safety, and operational efficiency, thereby propelling the growth of the handheld reference thermometer market.
What restraints the growth of the global handheld reference thermometer market?
“Substitutes such as mercury thermometer restraints the market’s growth”
Substitutes such as mercury thermometers pose a restraint in the handheld reference thermometer market. Traditional mercury thermometers, while less accurate and slower in response, are still present in some applications due to their low cost. The transition from these older alternatives to advanced handheld reference thermometers can be hindered by cost-consciousness and resistance to change, potentially slowing the adoption rate of superior and more reliable temperature measurement devices.
Segmentation: Global Handheld Reference Thermometer Market
The global handheld reference thermometer market is segmented on the basis of application and end users.
- On the basis of application, the global handheld reference thermometer market is segmented into calibration, loop checking, plant startup, troubleshooting, maintenance, and repair.
- On the basis of end users, the global handheld reference thermometer market is segmented into industrial, medical, research and development, and others.
Regional Insights: North America dominates the Global Handheld Reference Thermometer Market
North America maintains its dominance in the handheld reference thermometer market, with an expected continuation in the foreseeable future. The growth in the petroleum sector, mainly driven by the discovery of U.S. shale oil reserves, plays a pivotal role in the region's market expansion. The demand for precise temperature measurements in oil and gas operations has solidified North America's leading position in this market.
The Asia-Pacific region is poised for the highest growth rate in the global market. This is attributed to substantial foreign investments in various industries, particularly in countries such as China and India, where rapid urbanization and development drive increased adoption of reference thermometers. Additionally, nations such as Japan heavily invest in research and development, creating multiple opportunities for the industry to expand across diverse sectors.
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The Prominent Key Players Operating in the Global Handheld 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(U.S.)
- 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 handheld reference thermometer market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Handheld 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.
