Thermocouples Market worth $1.42 Billion & High End Optical Pyrometers Market worth $ 238.17 Million by 2020, According to a New Study on ASDReports

Friday 29 August 2014, Amsterdam

According to a new market research report, now available on ASDReports, of “Thermocouples and High End Optical Pyrometer Market by product Types, Applications (Automotive, Petrochemical, Consumer Utility, Glass, and Aerospace & Defense) and Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2010 - 2020”, the Thermocouples market is estimated to grow to $1.42 Billion by 2020 at a CAGR of 3.70% and the Optical Pyrometers market is estimated to grow to $ 238.17 Million by 2020 at a CAGR of 13.81% from 2014 to 2020.

The Thermocouples & High End Optical Pyrometers Market entails a great potential across many application segments. The Thermocouple market is a stable market; however, the potential for Optical Pyrometers is very high in the current situation, due to the continuous automation of the processes in the industries. Due to the increase in the importance of safety, security, and quality issues laid on the manufacturing and other sectors of industry, the Thermocouples and Optical Pyrometers market is also growing at a very fast pace. The Thermocouples and Optical Pyrometers market is the one that will be the captivating essentials for new entrants as well as winning opportunities for the established players. The report also includes an in-depth analysis of product type, application, and geography.

This report describes the market trends, drivers, and challenges with respect to the Thermocouples and Optical Pyrometers market and forecasts the market to 2020. This global report gives a detailed view of the market across geographies – North America, Europe, APAC, and RoW. North America and Europe are the largest geography in terms of the Thermocouples and Optical Pyrometers market value. APAC has been identified as the fastest growing region, while the ROW also impetus to the growth. The report profiles 25 promising players in the Thermocouples and Optical Pyrometers market ecosystem.

The competitive landscape of the market presents a very interesting picture, where new product development has become the key growth strategy by the big players of the market. The market is witnessing a large scale collaboration and partnership across the value chain with a number of tier-one players around the globe. Major players in this Thermocouples and Optical Pyrometers market include Honeywell International Inc. (U.S.), Omega Engineering Inc. (U.S.), Raytek Corp. (U.S.), LumaSense Technologies Inc. (U.S.), ABB Ltd. (Switzerland), Land Instruments Inc. (U.K.), and so on.