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A dial thermometer is a complete system thermometer, which can either take readings at the point of measurement or from a distant location with the help of the desired length of capillary tubing.

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.

Global Dial Thermometer Market: Regional Insights

On the basis of geography, the global dial thermometer market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Increasing consumption of oil in this particular region is one of the factor that has led to high number of plants for oil manufacturing. For instance, according to the U.S. Energy Information Association’s (EIA) analysis, the U.S. total consumption of oil in 2015 was 767 metric tons, which had grown to 771 metric tons in 2016. Therefore, as number of manufacturing plants of oil and refineries increases, it will proportionally increase demand for dial thermometer.

However, Asia Pacific is expected to be the most lucrative market for dial thermometers in the near future. Some of the key driving factors for growth of this market in the region include increasing number of research and development activities, and increase number of manufacturing industries in this particular  region. For instance, according to the UNESCO’s analysis, in 2017, China’s total spending on research and development activities increased by 70.9 % from 2012. Thus, increase in spending on research and development activities will proportionally increase demand for laboratory equipment. Hence, this factor will help in fuelling growth of the dial thermometer in this particular region.

Global Dial Thermometer Market: Competitive Landscape

Key players operating in the global dial thermometers market are Amarell GmbH & Co. KG, Brannan & Sons, Camlab, Carolina Biological Supply Company, OMEGA Engineering, Inc., PhysitempInstruments, Inc., Streck, Inc., Lab Depot, Inc. Thermo Fisher Scientific, Inc., and ThermoProbe, Inc.

Global Dial Thermometer Market: Taxonomy

On the basis of service type, the dial thermometers market is segmented into:

  • Liquid Actuated Dial Thermometers
  • Mercury Actuated Dial Thermometers
  • Vapour Actuated Dial Thermometers

On the basis of price range, the dial thermometers market is segmented into:

  • Premium
  • Mid
  • Low

On the basis of application type, the dial thermometers market is segmented into:

  • Medical
  • Industrials
  • Food
  • Laboratory
  • Others

On the basis of regions, the dial thermometers market is segmented into:

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

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users