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The sequence of events recorder market is projected to reach USD 31 million by 2026 from an estimated USD 25 million in 2021, at a CAGR of 4.7% during the forecast period.
Growing focus on the effective use of power resources worldwide and increasing emphasis on reducing industrial downtime and the global energy costs are factors driving the growth of the sequence of events recorder market. Moreover, growing investments in data center infrastructures and ongoing replacement of aging power infrastructures with technologically advanced power equipment are factors expected to offer lucrative opportunities for the growth of the market from 2021 to 2026. However, the easy availability of substitutes of sequence of events recorders hinders the growth of the market.
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The global infrared thermometer market is projected to reach USD 3.6 billion by 2025 from USD 2.3 billion in 2020. It is expected to grow at a CAGR of 9.2% from 2020 to 2025.
The major factors driving the market s growth include the increasing number of COVID-19 patients and the rising adoption of infrared thermometers across the manufacturing sector and construction applications. However, accuracy issues in infrared thermometers is restraining market growth.
Based on type, portable to be the fastest-growing segment between 2020 and 2025
The infrared thermometer market has been broadly categorized into 2 types - fixed and portable. By type, the portable segment is expected to dominate the infrared thermometer market. One factor for the high adoption of portable infrared thermometers is their use in industrial and commercial end uses. Handheld infrared thermometers are non-contact, inexpensive, easy to use
Infrared Thermometer Market worth $3 6 billion by 2025 sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Infrared Thermometer Market worth $3.6 billion by 2025 - Exclusive Report by MarketsandMarkets
CHICAGO, Jan. 27, 2021 /PRNewswire/ According to a research report Infrared Thermometer Market by Type (Fixed, Portable), Component (Optical, Display & Interface Units), Application (Medical, Non-Medical), End-Use (Residential, Commercial, Industrial), and Geography - Global Forecast to 2025 , published by MarketsandMarkets, the Infrared Thermometer Market is projected to reach USD 3.6 billion by 2025 from USD 2.3 billion in 2020; it is expected to grow at a CAGR of 9.2% from 2020 to 2025.
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The major factors driving the market s growth include the increasing number of COVID-19 patients and the rising adoption of infrared thermometers across the manufacturing sector and construction applications drive the growth of the infrared thermometer market. Opportunities for 2nd generation of infrared thermo
Global Panel Mount Recorders Market 2020 Regional Markets, Subcomponent Manufacturers, Business Standards and Forecast to 2025 marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.