For Immediate Release
Contacts:
Jesse Yoder, Flow Research: 781-224-7550 (jesse@flowresearch.com)
Nick Limb, Ducker Worldwide: 800-929-0086 (nickl@ducker.com)
New Temperature Study Predicts Fast Growth for Infrared Thermometers and
Thin-Wire RTDs
Wakefield, Massachusetts, January 10, 2000 - Growth in infrared thermometers
and thin-wire RTDs will outpace all other temperature sensors with average
annual increases of 11.8% and 11.5% respectively in the United States through
2004, according to a new market research study from Flow Research and Ducker
Worldwide. The study, which was released on January 4, 2000, is entitled The
Market for Temperature Sensors and Transmitters in the Americas. It is the
result of a year of cooperative work by Flow Research (Wakefield, Massachusetts)
and Ducker Worldwide (Bloomfield Hills, Michigan), and analyzes the market for
both temperature sensors and temperature transmitters in the United States, Canada
and Latin America.
Within sensors, thermocouples, RTDs (resistance temperature detectors),
thermistors, infrared thermometers and thermowells are included in the study.
Total market size for temperature sensors in the Americas in 1999, including
thermowells, is $540 million. Thermocouples, which are still the most widely used
type of temperature sensor, account for the largest percentage of this total.
RTDs have been making inroads into thermocouple sales, however, and this trend
is expected to continue. One important trend within RTDs is that growth in
thin-film RTDs is outpacing growth of wirewound RTDs. Improvements in thin-film
technology and lower selling prices have combined to make thin-film RTDs the
second-fastest growing segment of the temperature sensor market.
While infrared technology has been around for many years, increased education
among users is leading to wider use of infrared products. Infrared thermometers
are used when the use of contact temperature sensors is not practical. Examples
include measuring the temperature of objects in motion, and high temperature
applications. Infrared thermometers are also used for ³spot checking²
temperatures in remote locations. Just as wireless technology is becoming more
popular in other areas such as telecommunications, the use of infrared
thermometers for determining temperatures at a distance will become more
widespread as users become more familiar with them.
In addition to temperature sensors, the study includes temperature transmitters.
Types of temperature transmitters include high-tier, smart, programmable,
analog and low cost. Of these five types, high-tier transmitters are expected
to show the fastest growth over the next five years. Unit shipments of
high-tier temperature transmitters are projected to increase at an average
annual rate of 9.6 percent over the next five years. High-tier temperature
transmitters are more accurate than smart transmitters, and many of them accept
more than one type of sensor input. Foundation Fieldbus and Profibus
temperature transmitters are included in the group of high-tier products. Shipments
of analog transmitters are projected to decline.
As part of the temperature study, Flow Research and Ducker Worldwide contacted
over 450 temperature companies and conducted more than 250 interviews with
temperature sensor and transmitter suppliers. A comprehensive end-user survey
was also conducted, based on interviews with 132 end-users and OEMs (original
equipment manufacturers) in the process and non-process industries. In addition
to the results of the end user survey, the report includes analysis of temperature
products and technologies, market size and forecasts, supplier market shares,
and company profiles for 54 leading suppliers.
Flow Research is a market research company devoted to researching temperature
and flowmeter markets. Ducker Worldwide
has 35 years experience researching industrial and business markets, and has
offices throughout the world. Flow Research and Ducker Worldwide have formed a
business alliance to produce a series of market research studies focusing on
temperature and flow. For more information on the study, access the Flow
Research website at http://www.flowresearch.com.
For more information on Flow Research, click on the following link: http://www.internetwire.com/technews/tn/tn982584.dsl