Innovations & Growth Potential in the Thermometer Market - PowerPoint PPT Presentation

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Innovations & Growth Potential in the Thermometer Market

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The Global Thermometer Market is estimated to advance at a CAGR of 7.56% during the forecast period 2023-2030. Get more insights into the Thermometer market – PowerPoint PPT presentation

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Title: Innovations & Growth Potential in the Thermometer Market


1
Innovations Growth Potential in the Global
Thermometer Market
As human body temperature continues to be an
early sign of diagnosis, thermometers are found
in every clinic and household. Since the
inception of medical sciences, thermometers have
undergone several developments to bring more
accuracy. Tritons research states that the
Global Thermometer Market is estimated to advance
at a CAGR of 7.56 during the forecast period
2023-2030.
Due to the environmental toxicity of mercury, the
Environment Protection Agency (EPA) recommends
phasing out conventional mercury-based
thermometers. Thus, infrared radiation (IR)
thermometers, known for their speed and accuracy
in offering near-instantaneous temperatures, are
now widely used. In this regard, Telepower
Communication Co Ltd introduced a cost-effective,
high-performing infrared thermometer that
supports Bluetooth connectivity. Such
developments foster the need for more product
innovations. Innovations in Digital
Thermometers 1. Smart/Digital
Thermometers The temperature measurement process
has been revolutionized with technological
innovations. In this regard, traditional mercury
thermometers are making a new path for smart and
digital thermometers. These contactless, smart
heat sensors have the utmost precision in
temperature detection. Smart thermometers are
distinguished from the traditional ones with
their easy-to-read display and speedy detection
of temperature. According to a report by the
National Institute of Health (NIH), smart
thermometer readings are highly predictive of
surveillance data for a respective region and
2
  • season. The report also found that smart
    thermometers helped in improving predictions of
    influenza among the people in California.
  • Superconductor Thermometer
  • Researchers at the National Institute of
    Standards and Technology (NIST) invented a
    miniature thermometer in November 2020 with big
    potential applications. This thermometer is 2.5
    by 1.15 millimeters in size and is embedded in
    another cryogenic microwave device to measure
    temperature when placed on a chip. Compared to
    conventional ones, the NISTs superconducting
    thermometer is capable of measuring temperatures
    below 1 Kelvin in about 5 milliseconds.
  • Thus, being faster, smaller, and more convenient
    than conventional cryogenic thermometers, the new
    invention can be mass-produced for chip-scale
    devices. It can monitor the temperature of
    processor chips in superconductor-based quantum
    computers, which must stay cold to function
    efficiently.
  • Ultra-fine thermal sensor
  • Researchers in Japan have developed a micro-thin
    thermal sensor. This can be easily attached to
    the skin to monitor the health of infants.
    Embedded in a super-fine, thin film, with about ΒΌ
    the thickness of human hair, this thermometer
    measures temperatures between 25-30 degrees
    Celsius.
  • Additionally, the materials used to manufacture
    these thermal sensors are cheap and widely
    available which ensures a commercialized use of
    the device.
  • FeverPhone App
  • A team of researchers from Washington University
    developed an application to measure temperature
    by placing the smartphone on the forehead. Named
    FeverPhone, this app allows the touchscreen to
    gather data and predict temperature within 90
    seconds. It analyses interactions between the
    heat generated by the phones battery and the
    touch of fingers, accurately estimating body
    temperature without any extra hardware.
  • Notably, during a test conducted in an emergency
    department, the application showed impressive
    results in detecting core body temperatures
    compared to traditional ones. This eliminates the
    need to carry separate thermometers and rely on a
    smartphone for temperature monitoring.
  • Thermometers Market Growth Potential Beyond
    Health Sector
  • Increasing Utility in the Manufacturing Sector
  • A dominant manufacturing sector and the spillover
    effects lay the foundation for the growth of the
    thermometer market. Moreover, as per Tritons
    analysis, the Asia-Pacific thermometer market is
    expected to witness the fastest growth at a CAGR
    of 8.54 over the forecast period 2023-2030.

3
  • Rising Importance of Temperature Monitoring in
    the Food Industry
  • According to the World Health Organization (WHO),
    unsafe food causes 420,000 deaths and 600 million
    cases of food-borne diseases across the world.
    Thus, ensuring quality standards throughout the
    food cycle is important for a seamless process,
    starting from production to consumption.
  • Verifying correct temperatures is required during
    several stages like boiling, thawing, freezing,
    etc. Consistent temperatures help eliminate
    harmful bacteria, which minimizes the risk of
    food poisoning. Probe thermometers are,
    therefore, critical in food processing
    facilities, commercial kitchens, or retail
    settings. It ultimately determines the food
    safety standards throughout the supply chain.
  • Critical use of Thermometers in Research
    Laboratories
  • Temperature records are crucial while conducting
    deep research, experiments, and scientific
    investigations. It helps in deriving accurate,
    data-driven conclusions. Laboratories, research
    industries, scientists, and environmentalists are
    completely dependent on thermometers for
    authentic temperature readings. A slight
    inaccuracy or a false reading may cause a
    scientific experiment to fail. Thus,
    heat-measuring devices help to determine the
    stability of compounds, the rate of chemical
    reactions, and the extent of these reactions.
  • Evidently, the use of thermometers is not
    restricted to the medical sector. Along with the
    precision and reliability of products,
    temperature records play an important role in
    various other sectors like agriculture,
    climatology, industrial manufacturing, weather
    forecasting, and archaeology. This widens the
    growth potential of temperature-measuring
    devices, creating opportunities for contenders in
    the global thermometer market.
  • FAQs
  • Do battery thermometers have mercury?
  • A small amount of mercury is present in the
    button cell of battery thermometers.
  • How big is the thermometer market?
  • The global thermometer market generated a revenue
    of 1504.98 million in 2022 and is expected to
    achieve 2710.08 million in 2030.
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