Reference Thermometer Market Size, Share & Trends Analysis Report By Device Type (Handheld, Desktop), By Application (Industrial, Medical, R&D), By Region, And Segment Forecasts, 2018 - 2025

Published: Oct, 2018 | Pages: 63 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global reference thermometer market size is expected to reach USD 12.91 million by 2025 at a 5.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc.Increasing manufacturing activities in developing and developed nations such as China and India are expected to bolster market growth over the forecast period.

A reference thermometer can be used as a temperature sensor as its resistance value changes with variations in temperature. These thermometers have been in use for a long period and find application in a host of industrial and laboratory temperature measurement processes such as petroleum lab, pharmaceutical lab, test facility, calibration lab, and pipeline flowmeter calibration. They are able to efficiently meet the need for accuracy, stability, repeatability, and reliability of measurement. Owing to the aforementioned features, the reference thermometer market is expected to witness high growth over the forecast period.

By device type, the handheld segment is expected to register the fastest growth owing to benefits such as portability. Furthermore, these devices are less expensive as compared to desktop devices, which are primarily used in the field of scientific research and development due to their enhanced accuracy.

Further key findings from the report suggest:

• The global reference thermometer market was valued at USD 8.59 million in 2017 and is expected to reach USD 12.91 million by 2025, expanding at a CAGR of 5.4% over the forecast period

• Increasing manufacturing activities in developing and developed nations is a prominent factor anticipated to drive the market through 2025

• By device, the desk-top segment is anticipated to witness considerable growth, registering a CAGR of more than 4.5% over the forecast period. This growth can be attributed to their precise calibration capability and provision of detailed analytical reports, which is a primary requirement in research processes

• The handheld segment is driven by the feature of portability offered by these high-tech devices. This is anticipated to boost demand for the same over the forecast period

• On the basis of application, the industrial segment generated the highest revenue in 2017 and is expected to register a CAGR of over 6.0% over the forecast period. Rise in manufacturing activities due to increased foreign investments in this sector, especially in Asia Pacific, has primarily fueled this segment

• North America accounted for over 35.0% of the market in 2017 and is expected to register a CAGR of over 5.0% over the forecast period. This is owing to extensive manufacturing, power generation, and construction projects in the region and anticipated penetration of reference thermometers in these applications

• Key players such as Wika Instruments Ltd., Fluke Corporation, and Dostmann Electronic GmbH dominated the market in 2017 owing to their emphasis on expanding their market presence through mergers and acquisitions.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumptions
                    1.3. List of Data Sources
Chapter 2. Executive Summary
                    2.1. Reference Thermometer Regional Marketplace: Key Takeaways
Chapter 3. Reference Thermometer Industry Outlook
                    3.1. Market Segmentation
                    3.2. Market Size and Growth Prospects, 2014 - 2025
                    3.3. Value Chain Analysis
                    3.4. Market Dynamics
                         3.4.1. Market driver analysis
                              3.4.1.1. Growing preference for RTDs in several applications
                              3.4.1.2. Advances in technology
                         3.4.2. Market restraint/challenge analysis
                              3.4.2.1. Potential failure at extreme temperatures and risk of contamination
                              3.4.2.2. Complex manufacturing process and higher cost
                         3.4.3. Market opportunity analysis
                              3.4.3.1. Continued initiatives to reduce the use of mercury-based thermometers
                    3.5. Penetration & Growth Prospect Mapping
                    3.6. Industry Analysis-Porter's
                    3.7. PEST Analysis
Chapter 4. Reference Thermometer Market: Device Type Outlook
                    4.1. Reference Thermometer Market Share by Device Type, 2017 & 2025 (USD Thousand)
                    4.2. Handheld
                         4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Thousand) 
                         4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Thousand) 
                    4.3. Desktop
                         4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Thousand) 
                         4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Thousand) 
Chapter 5. Reference Thermometer Market: Application Outlook
                    5.1. Reference Thermometer Market Share by Application, 2017 & 2025 (USD Thousand) 
                    5.2. Industrial
                         5.2.1. Market estimates and forecast, 2014 - 2025 (USD Thousand)
                         5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Thousand) 
                    5.3. Medical
                         5.3.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Thousand)
                    5.4. R&D
                         5.4.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         5.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Thousand) 
                    5.5. Others
                         5.5.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         5.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Thousand) 
Chapter 6. Reference thermometer Market: Regional Outlook
                    6.1. Reference Thermometer Market Share by Region, 2017 & 2025 (USD Thousand) 
                    6.2. North America 
                         6.2.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         6.2.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                         6.2.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.2.4. U.S.
                              6.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.2.4.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.2.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.2.5. Canada
                              6.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.2.5.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.2.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                    6.3. Europe 
                         6.3.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         6.3.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                         6.3.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.3.4. U.K.
                              6.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.3.4.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.3.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.3.5. Germany
                              6.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.3.5.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.3.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.3.6. France
                              6.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.3.6.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.3.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                    6.4. Asia Pacific 
                         6.4.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         6.4.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                         6.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.4.4. China 
                              6.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.4.4.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.4.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.4.5. India
                              6.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.4.5.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.4.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.4.6. Japan
                              6.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.4.6.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.4.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                    6.5. Latin America 
                         6.5.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         6.5.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                         6.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.5.4. Brazil
                              6.5.4.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.5.4.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.5.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                         6.5.5. Mexico
                              6.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                              6.5.5.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                              6.5.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
                    6.6. Middle East & Africa 
                         6.6.1. Market estimates and forecast, 2014 - 2025 (USD Thousand) 
                         6.6.2. Market estimates and forecast by device type, 2014 - 2025 (USD Thousand) 
                         6.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Thousand) 
Chapter 7. Competitive Landscape
                    7.1. AccuMac Corporation
                         7.1.1. Company Overview
                         7.1.2. Financial Performance
                         7.1.3. Product Benchmarking
                         7.1.4. Strategic Initiatives
                    7.2. Dostmann Electronic GmbH
                         7.2.1. Company overview
                         7.2.2. Financial performance
                         7.2.3. Product benchmarking
                         7.2.4. Strategic initiatives
                    7.3. Fluke Corporation
                         7.3.1. Company overview
                         7.3.2. Financial performance
                         7.3.3. Product benchmarking
                         7.3.4. Strategic initiatives
                    7.4. ISOTECH
                         7.4.1. Company overview
                         7.4.2. Financial performance
                         7.4.3. Product benchmarking
                         7.4.4. Strategic initiatives
                    7.5. Thermco Products, Inc.
                         7.5.1. Company overview
                         7.5.2. Financial performance
                         7.5.3. Product benchmarking
                         7.5.4. Strategic initiatives
                    7.6. Thermoprobe, Inc.
                         7.6.1. Company overview
                         7.6.2. Financial performance
                         7.6.3. Product benchmarking
                         7.6.4. Strategic initiatives
                    7.7. Wika Instruments Ltd.
                         7.7.1. Company overview
                         7.7.2. Financial performance
                         7.7.3. Product benchmarking
                         7.7.4. Strategic initiatives

List of Tables

Table 1 List of abbreviation
Table 2 Reference thermometer market - Industry snapshot & key buying criteria, 2014 - 2025
Table 3 Reference thermometer market, 2014 - 2025 (USD Thousand)
Table 4 Reference thermometer market, by region, 2014 - 2025 (USD Thousand)
Table 5 Reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 6 Reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 7 Handheld reference thermometer market, 2014 - 2025 (USD Thousand)
Table 8 Handheld reference thermometer market, by region, 2014 - 2025 (USD Thousand)
Table 9 Desktop reference thermometer market, 2014 - 2025 (USD Thousand)
Table 10 Desktop reference thermometer market, by region, 2014 - 2025 (USD Thousand)
Table 11 Industrial market, 2014 - 2025 (USD Thousand)
Table 12 Industrial market, by region, 2014 - 2025 (USD Thousand)
Table 13 Medical market, 2014 - 2025 (USD Thousand)
Table 14 Medical market, by region, 2014 - 2025 (USD Thousand)
Table 15 R&D market, 2014 - 2025(USD Thousand)
Table 16 R&D market, by region, 2014 - 2025 (USD Thousand)
Table 17 Others market, 2014 - 2025 (USD Thousand)
Table 18 Others market, by region, 2014 - 2025 (USD Thousand)
Table 19 North America reference thermometer market, 2014 - 2025 (USD Thousand)
Table 20 North America reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 21 North America reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 22 U.S. reference thermometer market, 2014 - 2025 (USD Thousand)
Table 23 U.S. reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 24 U.S. reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 25 Canada reference thermometer market, 2014 - 2025 (USD Thousand)
Table 26 Canada reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 27 Canada reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 28 Europe reference thermometer market, 2014 - 2025 (USD Thousand)
Table 29 Europe reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 30 Europe reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 31 U.K. reference thermometer market, 2014 - 2025 (USD Thousand)
Table 32 U.K. reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 33 U.K. reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 34 Germany reference thermometer market, 2014 - 2025 (USD Thousand)
Table 35 Germany reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 36 Germany reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 37 France reference thermometer market, 2014 - 2025 (USD Thousand)
Table 38 France reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 39 France reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 40 Asia Pacific reference thermometer market, 2014 - 2025 (USD Thousand)
Table 41 Asia Pacific reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 42 Asia Pacific reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 43 China reference thermometer market, 2014 - 2025 (USD Thousand)
Table 44 China reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 45 China reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 46 India reference thermometer market, 2014 - 2025 (USD Thousand)
Table 47 India reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 48 India reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 49 Japan reference thermometer market, 2014 - 2025 (USD Thousand)
Table 50 Japan reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 51 Japan reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 52 Latin America reference thermometer market, 2014 - 2025 (USD Thousand)
Table 53 Latin America reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 54 Latin America reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 55 Brazil reference thermometer market, 2014 - 2025 (USD Thousand)
Table 56 Brazil reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 57 Brazil reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 58 Mexico reference thermometer market, 2014 - 2025 (USD Thousand)
Table 59 Mexico reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 60 Mexico reference thermometer market, by application, 2014 - 2025 (USD Thousand)
Table 61 MEA reference thermometer market, 2014 - 2025 (USD Thousand)
Table 62 MEA reference thermometer market, by device type, 2014 - 2025 (USD Thousand)
Table 63 MEA reference thermometer market, by application, 2014 - 2025 (USD Thousand)

List of Figures

Fig.1 Reference thermometer market, by 2016 (USD Thousand)
Fig.2 Reference thermometer market segmentation
Fig.3 Reference thermometer market, 2014 - 2025 (USD Thousand)
Fig.4 Value chain analysis
Fig.5 Reference thermometer market driver impact
Fig.6 Reference thermometer market challenge impact
Fig.7 Reference thermometer penetration & growth prospects mapping
Fig.8 Reference thermometer market - PESTLE analysis
Fig.9 Reference thermometer market, by device type, 2017 & 2025 (USD Thousand)
Fig.10 Reference thermometer market, by application, 2017 & 2025 (USD Thousand)
Fig.11 Reference thermometer market, by region, 2017 & 2025 (USD Thousand)