Global Thermal Anemometer Market: Market Overview
A thermal anemometer is being utilized around the globe to measure air velocity, volume flow, and temperature. There are various types of thermal anemometer surfaced in the market with different functionalities some include portable or non-portable. The global thermal anemometer market is estimated to experience staggering growth on the back of rising HVAC inspections and testing. Nowadays, the market actors are installing MEMS sensors in the modern thermal anemometer to measure velocity & temperature with full accuracy. Thus, this factor rapidly proliferates the adoption of thermal anemometer compared to other devices in various applications. Moreover, the growing trend for thermal anemometer in the aircraft and wind turbines estimates to mushrooming the demand over the forecast period.
Globally, the demand for advanced instruments for quality monitoring, and air pressure is foreseen to witness driving growth for thermal anemometer market. As air pollution is increasing globally, the use of quality air monitoring is recommended by the Wind Energy Association. Due to growing concerns about air pollution, there is an increase in government investment in air purification, which is driving the thermal anemometer market. Also, the end-users are rapidly adopting portable devices as it is easy to handle, reliable, and ideal for measurements in ducts. Meanwhile, the manufacturing cost of thermal anemometer is higher than the substitutes so as its pricing. So, this factor hinders the thermal anemometer market growth in the near future.
Global Thermal Anemometer Market- Key Segments
The global thermal anemometer market can be segmented on the basis of application, end use, and modularity
According to application, the thermal anemometer market can be segmented as:
According to end use, the thermal anemometer market can be segmented as:
- Weather Station
- Wind Generation Station
- Oil & Gas Industries
- Construction Field
According to modularity, the thermal anemometer market can be segmented as:
COVID-19’s Impact on the Global Thermal Anemometer Market
The COVID-19 pandemic continues to rage aggressively, causing a significant downturn in the global thermal anemometer market during the short term forecast. Globally, various industries such as the oil & gas, construction and aerospace are closed down due to nationwide lockdowns. Thus, thermal anemometer undergoes muted sales in these verticals and will remain at a standstill in the next few months. Also, governments work closely together with stakeholders to achieve the consequences of the resumption of the manufacturing and construction sector, which will further strengthen the demand for thermal anemometers market in the near future.
Thermal Anemometer Market Dominates in the Asia Pacific Region
The exponential growth in the adoption of air measuring devices in the energy, chemical, and oil & gas sectors across the Asian countries will positively impact the development of the global thermal anemometer market. According to Fact.MR study of the thermal anemometer market will grow at a significant rate in East Asia and South Asia followed by North America and Europe. The U.S and Canada have more demand for thermal anemometer due to the increasing use of a renewable resource such as windmills. While, Europe is also likely to gain traction in the thermal anemometer market due to air pollution awareness. Increasing manufacturing firms in East Asian and South Asian countries also lead to a rise in affinity towards the thermal anemometer market.
Renowned Players are Investing Two-Fold in MEMS Technology
Manufacturers of air measuring devices are actively engaged in accommodating a surge in the demand for end use. The renowned players are doing Greenfield and brownfield investments to adopt MEMS technologies in their modern devices to proliferate the sales of thermal anemometer. The market is highly concentrated as quantify number of players are evolve in offering thermal anemometers. Some of the key players includes- Siemens AG, Kusam - Meco, Fortive Corporation, OMEGA Engineering, Thermo Fisher Scientific Inc., CEM Corporation, Teledyne Technologies Inc., Horiba Ltd., Servomex, PCE Holding GmbH, and others.
The research report presents a comprehensive assessment of the thermal anemometer Market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Thermal Anemometer market data. It also contains projections using a suitable set of assumptions and methodologies. The thermal anemometer market report provides analysis and information according to market segments such as by application, end use, and by modularity.
The Thermal Anemometer Market Report Covers Exhaustive Analysis On:
- Market Segments in the Thermal Anemometer Market
- Thermal Anemometer Market Dynamics
- Thermal Anemometer Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Thermal Anemometer Market
- Value Chain of the Thermal Anemometer Market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of LatAm)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Thermal Anemometer market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The Thermal Anemometer market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The Thermal Anemometer market report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of the parent market
- Changing Thermal Anemometer market dynamics in the industry
- In-depth Thermal Anemometer market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Fact.MR offers custom research services that help clients to get specific research solutions