Dial Thermometer MarketSize and Trends

Increasing demand of advanced thermometer is one of the major factors driving the growth of the market.

Increasing demand for advanced thermometer is one of the factors for driving the growth of the market. At present scenario, the global as well as local manufacturers are focusing on delivering a wide range of advanced thermometers, which are highly portable, maintenance free, easy to use, and offer accurate results. A wide range of laboratory thermometers are used in different processes in a research lab or an industry. For instance, dial thermometer are mainly used for monitoring the temperature of asphalt, concrete, soil, and other materials that are tested in the laboratory. Therefore, increasing demanding of advanced thermometer in order to generate accurate results will help in boosting growth of the market.

Increasing Utilisation of dial thermometer in the oil and refineries industries is one of major factors driving growth of the market.

Increasing utilization of dial thermometer in the oil and refineries industries is one of the major driving factors for growth of the market. Increasing consumption of oil by consumers is expected to aid in growth of the number of plants of oil and refineries for manufacturing. For instance, according to the International Energy Association (IEA) analysis, demand for oil in 2015 was 95.67 mb/d (megabarrelperday) and it increased to 96.83 mb/d (megabarrelper day) in 2016, globally. These thermometers are used in plants for managing the temperature of oil while filling the oils in to containers. This is due to the fact that high temperature oil damages the container. Therefore, in order to manage and control the temperature oil during the filling, demand for these thermometers is increasing in the oil and refineries plants. This factor is expected to propel growth of the market.

High cost of dial thermometers is the one of the major restraining factor for the growth of this market.

The high cost of dial thermometer is one of the major restraining factors for hampering the growth of the market. The cost of dial thermometer depends upon the substance filled in the thermometer. Hence, the industries are avoiding to utilise such thermometers as the cost of filling is very high which in turn increases the maintenance cost for the industries. Hence, this factors will directly hamper the growth of the market. Moreover, lack of awareness is also envisioned to hamper the growth of the dial thermometer market across the globe.

Market Trends

Increasing consumption of oil by consumers and the advancement of technology in various industries contribute to the constant upward trajectory of the dial thermometer market. The growing need for accurate temperature measurements in laboratories and the oil industry continues to drive this market. The demand for portable, maintenance-free, and precise thermometers sees no signs of diminishing.