Digital Temperature Gauge Market: Introduction

Digital temperature gauges are temperature-measuring devices used in industries and residential places in applications such as food preparation, manufacturing, and medical and scientific testing and procedures. However, liquid thermometers are widely used as temperature sensing devices to measure body temperature, and in other heating & cooling systems. Digital temperature gauges include various features such as low response time, on-line measurement, and dedicated input, and can be head mounted on pipes or inside the systems with very high or low temperature. Some of the objects, devices, and liquids being prepared in chemical and other industries require these temperature gauges to monitor real-time temperature. Digital temperature gauges are powered by batteries and do not require mains charging. However, batteries of some gauges cannot be replaced. A numerical reading is provided on a digital temperature gauge, usually to one decimal place, making them more precise than liquid temperature gauges.

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Global Digital Temperature Gauge Market: Competition Landscape

AMETEK, Inc.                                

AMETEK, Inc. is a global manufacturer and marketer of precision instruments for aerospace, trucking, petroleum refining, and food processing industries, as well as a major small motor producer for business machines, computers, copiers, and floor care machines. The company's U.S. gauge division is the world's largest manufacturer of gauges, while the Microfoam segment is the only producer in the world of recyclable polypropylene, which is a plastic foam sheeting. Furthermore, the company is rapidly growing as a national leader in water filtration systems and products.

Omron Corporation

Omron Corporation was established in 1948 and is involved in the business of automation and healthcare. The company manufactures and sells sensing and control products. Its segments include Industrial Automation Business (IAB), Electronic and Mechanical Components Business (EMC), Automotive Electronic Components Business (AEC), Social Systems, Solutions and Service Business (SSB), Healthcare Business (HCB), and other businesses. The company manufactures digital temperature gauges under the Electronic and Mechanical Components Business (EMC) segment.

B. Braun Melsungen

B. Braun Melsungen supplies healthcare products and services. The company offers products for intensive care units, anesthesia, emergency care, extra corporeal blood treatments, and surgical core procedures. B. Braun Melsungen caters to different medical fields such as hospital, surgery, and private practice. The company also manufactures medical devices and instruments, and has both, online and offline distributers.

OMEGA Engineering

OMEGA Engineering specializes in design, manufacture, and distribution of sensors and instrumentation for process measurement and control. The company is headquartered in Norwalk, Connecticut, the U.S. The company offers products for measurement and control of temperature, humidity, pressure, strain, force, flow, level, and conductivity. Digital temperature gauges are manufactured under its measurement and control of temperature division.

Anderson-Negele

Anderson-Negele manufactures hygienic sensor solutions and application expertise intended to provide best hygienic instrumentation solutions that include digital temperature gauges. It offers temperature, level, pressure, turbidity, and conductivity sensors, flow meters, retort and pasteurization controls, and modular platforms for food & beverages, dairy, brewery, and life sciences industries.

Some of the key players operating in the global digital temperature gauge market with significant developments are Ametek, Omron, B. Braun Melsungen  , OMEGA Engineering, Brannan, Anderson-Negele, Ashcroft, WIKA, Davtron Inc, Fluke Calibration, Acez Instruments, REOTEMP Instruments, Thermco Products, Winters Instruments, and Dwyer Instruments.

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Global Digital Temperature Gauge Market: Dynamics

Benefits Offered by Digital Temperature Gauges to Drive Global Market

There are several products used in industries, such as boilers and other heating equipment. These instruments require temperature gauges for measuring temperature inside the pipes and boilers. It is possible for the user to measure the temperature inside these. Moreover, digital temperature gauges are faster than the normal thermometers in calculating readings. They are multifunctional and can be coupled with timers or alarms for different uses. They are also similarly priced as mercury thermometers. These benefits offered by digital temperature gauges are propelling the global market growth.

Demand for Accurate Measuring Devices in Aerospace Applications to Fuel Market Growth

There has been an evident rise in the demand for digital temperature gauges in space applications, where accuracy is of utmost importance. As a result, the effectiveness of these devices has managed to appeal to the stakeholders of the space industry and thus, the digital temperature gauge market is anticipated to grow during the forecast period. Digital temperature gauges provide exact temperature. This factors is expected to expand the global digital temperature gauge market. Furthermore, there is also a requirement for accurate and precise real-time temperature monitoring for preparation of medicines in pharmaceutical and chemical industries.

Global Digital Temperature Gauge Market: Segmentation

The global digital temperature gauge market can be segmented based on:

  • Type
  • End-use Industry

Global Digital Temperature Gauge Market, by Type

In terms of type, the global digital temperature gauge market can be divided into:

  • Bimetal Temperature Gauge
  • Expansion Temperature Gauge
  • Gas-actuated Temperature Gauge
  • Machine Glass Temperature Gauge

Global Digital Temperature Gauge Market, by Application                                  

Based on application, the global digital temperature gauge market can be segregated into:

  • Home Use
  • Industrial
  • Medical

The report on the global digital temperature gauge market 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 report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

Regional analysis of the global digital temperature gauge market includes:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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