Industrial Multipoint Thermometers Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 9.2% from 2026 to 2033.
In 2022, the global Industrial Multipoint Thermometers market was valued at USD 1.5 billion and is projected to reach USD 2.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. Regionally, North America led the market in 2023, accounting for 35% of the revenue, followed by Asia Pacific at 30%, Europe at 25%, and both Latin America and the Middle East & Africa at 5% each. Asia Pacific is identified as the fastest growing region, driven by increasing industrial activities.The markets growth is propelled by the rising demand for precise temperature measurement across various industries, including food and beverage, pharmaceuticals, and manufacturing. The "With Thermowell" segment held the largest share at 60%, while the "Without Thermowell" segment is the fastest growing due to its cost efficiency and ease of installation. In terms of applications, the Food & Beverage sector led with 40% of the revenue, followed by Oil & Gas at 25%, Chemicals at 15%, Pharmaceuticals at 10%, and Others at 10%. The Oil & Gas industry is projected to grow at the fastest rate during the forecast period, fueled by the increasing demand for precise temperature measurements in energy production.
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Endress+Hauser Group
Emerson
ABB
Thermo-Electra
WIKA
Thermal Detection
Peak Sensors
Lapp Automaatio
Reotemp
Watlow Electric Company
Aircom
Pyromation
Zesta
NND
JMS
Pyro Electric
JOYO M&C
Hebei Zhufeng Instrument & Meter
Hebei Guangke Measurement andControl Equipment
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Multipoint Thermometers Market
Digital Multipoint Thermometers
Analog Multipoint Thermometers
Wireless Multipoint Thermometers
Infrared Multipoint Thermometers
Food and Beverage Industry
Pharmaceutical Industry
Chemical Processing
HVAC Systems
Laboratories and Research Facilities
Thermocouple Technology
Resistance Temperature Detectors (RTD)
Thermistors
Infrared Measurement Technology
Manufacturing Sector
Food Processing Plants
Healthcare and Pharmaceutical
Research Institutions
Agriculture and Livestock
Multi-channel Measurement Capability
Real-time Data Logging
Wireless Connectivity and Remote Monitoring
Temperature Calibration Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Multipoint Thermometers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Multipoint Thermometers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Multipoint Thermometers Market, By Type
6. Global Industrial Multipoint Thermometers Market, By Application
7. Global Industrial Multipoint Thermometers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Multipoint Thermometers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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