Global Reference Thermometers Market by Type (PRTs, Thermocouples, Precision thermistors), By Application (Laboratory, Industrial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Reference Thermometers Market size is projected to grow at a CAGR of 5.6% during 2021-2028, to reach USD X billion by 2028 end. The key drivers for the growth are increasing demand for precise temperature measurements in various industrial applications and growing application scope in developing regions such as the Asia Pacific due to increasing awareness among consumers about the accurate measurement of temperatures.

Reference thermometers are used to measure the physical properties of a substance or body. The main use is in scientific laboratories for accurate measurements and calibration purposes. Reference thermometers are used in various applications including industrial, commercial, and laboratories. They offer several benefits such as they can be calibrated to measured values which makes them ideal for measurement of temperature units with higher accuracy. Reference thermometer is also known by the name of the standard operating device (SOD) or primary standard which refers that these devices are very expensive thus certified reference materials must be stored inside its case requiring full access control.

On the basis of Type, the global reference thermometers market is segmented into PRTs, Thermocouples, and Precision thermistors.

PRTs:

PRTs are non-contact temperature sensors that sense the infrared energy emitted by an object. PRTs require no physical contact with the monitored surface, so they can be used in harsh environments where other types of thermometers may not survive. PRTs feature a sensor and an amplifier in one small package. The impedance of PRT’s is very high, typically from 100 MΩ to 1000 MΩ at 25°C which decreases with increasing temperature. In addition to the accuracy, other key features include: - Inexpensive sensors that can be easily calibrated over a wide range of temperatures without requiring special test equipment or training for use by service technicians; - High levels of stability across many years compared with Platinum RTDs while having better linearity & repeatability characteristics than resistance thermometers (RTD); - No need for frequent recalibration due to their calibration technique based on ratios between known reference resistors.

Thermocouples:

Thermocouples are the most commonly used reference thermometers. Thermocouples can measure extremely high temperatures, and they work by measuring changes in electric current caused when there is a temperature difference between the hot junction of two wires at one end and an electrical ground at the other. These devices typically have no electronics or circuitry inside them that could be damaged by heat as many PRTs do; therefore it's possible to use them for some types of measurements where you would not want to risk damage with another type of device. The Thermocouples type of reference thermometers is used in the applications such as electric power, chemical, and petroleum industry where reliable temperature measurements are required.

Precision Thermistors:

Precision thermistors (PTs) are one of the types and they measure temperature by means of a physical phenomenon, called rectification. PTs exhibit an electrical potential in response to a change in their own local temperature around the room or ambient conditions. The output voltage is proportional to absolute temperature at certain reference points that vary between instruments depending on manufacturer and model type.

Precision thermistors (PTs) type of reference thermometers is the most widely used and popularly preferred for their high accuracy, excellent stability, low drift rate, and long-term reliability. They can be made with a resistance value that is very close to the actual temperature at which they operate without any significant thermal effect on it. This allows PT-type devices to attain extreme accuracies in measuring temperatures within lab environments as well as industrial settings. The working principle of these sensors involves using semiconductors like silicon or germanium alloyed with other elements like carbon or boron. Therefore, this design ensures extremely accurate measurements even when tested under dynamic conditions due to its linear properties along with multiple ranges of sensing parameters over a wide operating range between -200 to 2000°C for PT-type devices.

On the basis of Application, the global reference thermometers market is segmented into Laboratory applications, Industrial applications, and Others.

Laboratory Applications:

Reference thermometers are used in laboratories for measuring the temperature of the air, water, and other substances. They can be calibrated to different standards like setpoint network or PT100/PT1000 sensors. It can be used to check the accuracy of other probes or instruments that measure temperature. Reference thermometers are most commonly used in laboratories for scientific applications. They are also used to calibrate other equipment, such as probes.

Industrial Applications:

Reference thermometers are widely used in industrial setups for process control. Reference Thermometer Calibration is a very important parameter of any quality management system to determine and ensure correct temperature measurements that lead to increased revenue, reducing losses due to faulty equipment, increasing productivity, or meeting safety standards.

Reference thermometers are used in industries across various sectors including automotive, aerospace and defense, food & beverage processing, pharmaceuticals, and healthcare. They can be employed to measure the temperatures of a product or for quality testing purposes. For instance, reference temperature devices (RTDs) track changes in fluid flow as well as the temperature during the filtration process; they ensure that contaminants do not enter into clean water systems such as those found at power plants.

On the basis of Region, the global reference thermometers market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America is expected to dominate the market throughout the forecast period. Furthermore, the European region is also estimated to expand at a considerable CAGR during 2016-2028 due to the rising demand for low-temperature reference thermometers in this region. Reference thermometers are widely used in Latin America, across various applications including industrial processes. The growing demand for medical devices is expected to lead the market growth over the forecast period. The market status of reference thermometers in the Asia Pacific is expected to be slightly attractive. The region is anticipated to grow at the highest CAGR during the forecast period. The market in this region has witnessed novel technological advancements and business acquisitions & mergers among leading players, which will further help the market growth over the next few years.

Growth Factors For The Global Reference Thermometers Market :

The major factors that drive growth in this market include increase demand from application fields such as laboratory applications and industrial applications due to their rapid developments across industries along with rising awareness towards health care facilities about maintaining patient safety by accurate medical diagnosis. Moreover, changing regulatory norms along with the growing disposable income of consumers in emerging economies is further expected to boost the industry growth during the forecast period. Additionally, a rise in demand for quality products with advanced features is expected to create opportunities for global reference thermometers market players across regions during the next eight years.

Up Market Research published a new report titled “Reference Thermometers Market research report which is segmented by Types (PRTs, Thermocouples, Precision thermistors), By Applications (Laboratory, Industrial, Others), By Players/Companies WIKA, Peak Sensors, Fluke Calibration, Electronic Temperature Instruments, Thermco Products, ThermoProbe, ThermoWorks, Dostmann Electronic”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Reference Thermometers Market Report Segments:

The market is segmented by Type PRTs, Thermocouples, Precision thermistors and By Application Laboratory, Industrial, Others.

Some of the companies that are profiled in this report are:

1. WIKA
2. Peak Sensors
3. Fluke Calibration
4. Electronic Temperature Instruments
5. Thermco Products
6. ThermoProbe
7. ThermoWorks
8. Dostmann Electronic

Reference Thermometers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Reference Thermometers Market

Overview of the regional outlook of the Reference Thermometers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Reference Thermometers Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Reference Thermometers Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. PRTs

                2. Thermocouples

                3. Precision thermistors

                1. Laboratory

                2. Industrial

                3. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Reference Thermometers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Reference Thermometers Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.