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.
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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.
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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.
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