Reference Thermometer Market To Reach $16.6 Million By 2030

Reference Thermometer Market Growth & Trends 

The global reference thermometer market size is expected to reach USD 16.6 million in 2030 and projected to grow at CAGR 5.4% from 2024 to 2030. 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.

By device type, the handheld segment is expected to register the fastest growth owing to benefits such as portability. Furthermore, these devices are less expensive as compared to desktop devices, which are primarily used in the field of scientific research and development due to their enhanced accuracy.

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Reference Thermometer Market Report Highlights

• By device, the desk-top segment is anticipated to witness considerable growth, registering the fastest CAGR during the forecast period. This growth can be attributed to their precise calibration capability and provision of detailed analytical reports, which is a primary requirement in research processes

• The handheld segment is driven by the feature of portability offered by these high-tech devices. This is anticipated to boost demand for the same over the forecast period

• On the basis of application, the industrial segment accounted for the largest market revenue share in 2023 over the forecast period. Rise in manufacturing activities due to increased foreign investments in this sector, especially in Asia Pacific, has primarily fueled this segment

• North America reference thermometer held the 34.72% largest share in 2023. This is owing to extensive manufacturing, power generation, and construction projects in the region and anticipated penetration of reference thermometers in these applications

Reference Thermometer Market Segmentation

Grand View Research has segmented the global reference thermometer market report based on device, application, and region:

Reference Thermometer Device Type Outlook (Revenue, USD Million, 2018 - 2030)

• Handheld

• Desktop

Reference Thermometer Application Outlook (Revenue, USD Million, 2018 - 2030)

• Industrial

• Medical

• R&D

• Others

Reference Thermometer Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

List of Key Players in the Reference Thermometer Market

• AccuMac Corporation

• Dostmann Electronic GmbH

• Fluke Corporation

• Isothermal Technology Limited

• Thermco Products, Inc.

• ThermoProbe, Inc.

• WIKA Instruments India Pvt. Ltd.