The global reference thermometer market size is expected to be worth around US$ 20.60 million by 2030, according to a new report by Vision Research Reports.
The global reference thermometer market size was valued at US$ 10.59 million in 2020 and is anticipated to grow at a CAGR of 7.4% during forecast period 2021 to 2030.
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|Market Size||US$ 20.60 million by 2030|
|Growth Rate||CAGR of 7.4% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Component, Solution, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Ford Motor Company; Continental AG; General Motors Company; TomTom Telematics BV; Hyundai Motor Company; Toyota Motor Corporation; MiX Telematics International Ltd.; INFINITI Motor Company Ltd.; BMW Group; and Verizon Connect|
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.
Wika Instruments Ltd., Fluke Corporation, and Dostmann Electronic GmbH.
- By Device Type
- By Application
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- Middle East & Africa
- North America
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