Reference Thermometer Market Size, Share & Trends Analysis Report By Device (Handheld, Desktop), By Application (Industrial, Medical, R&D, Others), By Region, And Segment Forecasts, 2024 - 2030

Report Overview

The global reference thermometer market was valued at USD 11.4 million in 2023 and projected to grow at compound annual growth rate (CAGR) 5.4% from 2024 to 2030. Technological advancements in mechanical engineering led to improvements in temperature measurement accuracy, supporting the market's growth. Other factors driving the market are increasing demand for RTD sensors and better government regulations across the globe to reduce mercury consumption in thermometers.

Strict regulatory standards and quality requirements in industries such as food processing, aerospace, and automotive drive thermometer adoption accurate temperature control and compliance atoms. The RTD analysis characteristic perfectly meets the needs of thermometer engineers, including accuracy and portability. These versatile, high-performance devices also display preset temperature values, and data are recorded and analyzed.

Growing demand for highly efficient thermal devices, including digital thermometers, is a crucial driver for market growth. The accuracy of temperature measurement and control is an essential factor that can affect the efficiency of a thermometer. A liquid thermometer records temperature on a printed scale in a glass tube, and mercury can contract or expand to indicate temperature changes. Growing temperature demand in industries such as pharmaceuticals, health research, and scientific research requires precise temperature control to maintain products, ensure patient safety, and support experimental results accurately. Reference thermometers provide critical and reliable temperature measurements.

Device Insights

The handheld segment dominated the market and accounted for a share of 64.3% in 2023. Growing demand for proprietary handheld reference thermometers for industrial, medical, R&D, and other applications across the globe is driving the device segment growth. Furthermore, these devices are less expensive than desktop devices, primarily used in scientific research due to their high accuracy; engineers prefer handheld devices due to their practicality and spatial accuracy of measurement due to inaccessibility. Technicians prefer handheld devices for their ability to use and measure accurately in inaccessible environments. Desktop devices, although expensive, are used to measure thermal sensors to achieve more accurate measurements.

The desktop segment is expected to register the fastest CAGR during the forecast period. Technological innovations in sensor technology, measurement techniques, and communication materials are driving the development of advanced desktop reference thermometers that can meet end users' evolving needs and place greater emphasis on quality control, compliance with regulatory standards, and tracking operational excellence, driving the segment growth.

Application Insights

The industrial segment accounted for the largest market revenue share in 2023. Portability is the main driver of industrial demand. These devices are used on-site or in proximity to the entity subject to be measured. The RTD probe-type sensor communicates with the entity, senses temperature, and provides an output value (temperature) for display. The ability of these devices to measure temperature in hazardous environments is expected to increase their demand for industrial applications further.

The medical segment is anticipated to register the fastest CAGR over the forecast period due to increased investment in medical technology. The rise in investment is due to the requirement for advanced diagnostic technologies to detect complex diseases that are improving daily. Increased emphasis on patient safety and the need for accurate diagnostic tools in hospitals and clinics leads to high-reference thermometers. Technological advances in thermometers and digitalization, the addition of materials to the accuracy and ease of use of thermometers, contribute to the market's growth. In addition, rising health spending in emerging economies and initiatives to improve health care are anticipated to drive market growth.

Regional Insights & Trends

North America reference thermometer held the largest share in 2023 due to advanced healthcare infrastructure in Canada and the U.S. Reference thermometers are also widely used to measure temperature sensitive chemicals including petrochemicals/petroleum. Consequently, growth in this industry in North America is expected to drive production uptake in the coming years.

U.S. Reference Thermometer Market Trends

The reference thermometer market in the U.S. accounted for the largest market revenue share in 2023 due to factors such as high prevalence of infectious diseases in the region, increasing R&D activities, technological advancement, growing concern of individuals for personal healthcare. The U.S. is leading the way in technology innovation, which has led to advances in sensor technology, digital thermometers and IoT integration to improve the accuracy and reliability of reference thermometers. Innovations in sensor technology, calibration methods, and data logging capabilities are enhancing the performance and efficiency of reference thermometers. Features such as wireless connectivity and cloud integration are becoming more prevalent, allowing for real-time monitoring and remote access.

Europe Reference Thermometer Market Trends

The Europe reference thermometer market is anticipated to register the fastest CAGR over the forecast period. Europe is another key market for reference thermometers due to sector’s strong emphasis on quality control and compliance with regulatory standards Countries such as Germany, France and the UK contribute majorly to the growth of the market in Europe.

Asia Pacific Reference Thermometer Market Trends

The rapid industrialization sweeping across countries in the Asia Pacific, notably China, India, and Southeast Asian nations, has spurred a significant demand for precise temperature measurement devices. In manufacturing sectors, these instruments are crucial in ensuring stringent quality control measures and optimizing production processes. They are essential for monitoring and maintaining precise temperature conditions during various stages of manufacturing, thereby enhancing product quality and consistency. In the automotive industry, reference thermometers are instrumental in testing and validating the thermal performance of components and systems, which is crucial for improving vehicle reliability and efficiency.

Key Company & Market Share

Some key players in this market include AccuMac Corporation, Dostmann Electronic GmbH, Fluke Corporation, Isothermal Technology Limited and others.

• Dostmann electronic GmbH specializes in precision thermometers. It offers a wide range of products including thermometers, hygrometers and data loggers.

Reference Thermometers Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the reference thermometer market report based on device, application, and region.

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

  • Handheld

  • Desktop

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Industrial

  • Medical

  • R&D

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan