Blog

Jul 15, 2023

Infrared Thermography Market worth $606 million by 2028

News provided by 31 Aug, 2023, 10:15 ET Share this article CHICAGO , Aug. 31, 2023 /PRNewswire/ -- The infrared thermography market for building inspection is expected to reach USD 606 million by 2028

News provided by

31 Aug, 2023, 10:15 ET

Share this article

CHICAGO , Aug. 31, 2023 /PRNewswire/ -- The infrared thermography market for building inspection is expected to reach USD 606 million by 2028 from USD 445 million in 2023, at a CAGR of 6.4% during the 2023–2028 period according to a new report by MarketsandMarkets™. The major factor driving the market growth of the infrared thermography market for building inspection is increasing emphasis on energy efficiency and sustainability that enable to be used in harsh environments and rise in non-destructive testing methods for various applications.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194389420

Browse in-depth TOC on "Infrared Thermography Market"

120 – Tables 60 – Figures220 – Pages

Infrared Thermography Market Report Scope:

Report Coverage

Details

Market Revenue in 2023

$ 445 million

Estimated Value by 2028

$ 606 million

Growth Rate

Poised to grow at a CAGR of 6.4%

Market Size Available for

2019–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Million) and Volume (Thousand Units)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Product, Solution, Platform, Building Type and Region

Geographies Covered

Asia Pacific, Europe, North America and Rest of World

Key Market Challenge

Data analysis and reporting complexity

Key Market Opportunities

Growing demand for smart buildings

Key Market Drivers

Increasing emphasis on energy efficiency and sustainability

Electrical & HVAC systems segment to witness highest CAGR of the infrared thermography market for building inspection during the forecast period.

Infrared imaging is employed to inspect electrical systems and HVAC (Heating, Ventilation, and Air Conditioning) systems within buildings. It can identify overheating components, loose connections, and other potential issues before they lead to system failures or fires. Regular inspections using infrared cameras help prevent costly downtime and enhance the safety of the building's occupants. The growth of this segment is fueled by the critical importance of maintaining safe and reliable building infrastructure.

By product type, thermal cameras is anticipated to capture largest market share in infrared thermography market for building inspection

In the field of building inspection, thermal cameras have established themselves as vital instruments. Their capacity to unveil concealed problems through the identification of temperature fluctuations assists in promptly recognizing challenges such as insulation deficiencies, water ingress, and electrical irregularities. These cameras provide expedited and non-intrusive evaluations, thereby facilitating proactive maintenance strategies and economically viable remediations.

Handheld Devices by Solution Type hold the highest market share in infrared thermography market for building inspection.

The growth of handheld thermal cameras is driven by their portability, adaptability across industries, and ease of use. Industries ranging from construction and facility management to energy audits benefit from their ability to swiftly assess structural integrity, insulation quality, electrical systems, and more, leading to improved maintenance practices and efficient problem-solving.

Commercial vertical is expected to register the highest CAGR during the forecast period in infrared thermography market for building inspection.

Commercial buildings utilize thermal cameras for comprehensive building inspections to enhance maintenance, energy efficiency, and safety. These cameras are employed to identify issues like moisture intrusion, insulation deficiencies, electrical anomalies, and structural irregularities. By pinpointing temperature variations, thermal cameras aid in detecting hidden problems, optimizing energy usage, preventing electrical failures, maintaining HVAC systems, and ensuring safe working environments. Regular inspections with thermal cameras help identify and address issues before they escalate, reducing downtime and expenses.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=194389420

Asia Pacific is expected to register the highest CAGR during the forecast period in the infrared thermography market for building inspection.

Asia Pacific is expected to record the highest CAGR in the infrared imaging industry during the forecast period. China, Japan, and India are among the major countries driving the growth of the infrared thermography market for building inspection in Asia Pacific. The emerging economies of China and India are supporting the growth of thermographic inspections as the respective governments are encouraging investments from foreign players in this market.

The report profiles key players in infrared imaging companies such as Teledyne FLIR LLC (US); Fluke Corporation (US); Axis Communications AB (Sweden); Xenics nv. (Belgium); Zhejiang Dali Technology Co., Ltd. (China) and OPGAL Optronics Industries Ltd. (Israel).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=194389420

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Infrared Imaging Market by Technology (Cooled & Uncooled Infrared Imaging), Wavelength (Near, Shortwave, Mid-wave, & Long-wave Infrared), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical - Global Forecast to 2028

Thermal Imaging Market Size, Share & Industry Growth Analysis Report by Product Type (Modules, Cameras, Scopes), Type (Handheld and Standstill), Technology (Cooled, Uncooled), Application, Wavelength (SWIR, MWIR, LWIR), Vertical, and Region - Global Growth Driver and Industry Forecast to 2026

Machine Condition Monitoring Market by Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission), Monitoring Process (Online, Portable), Deployment, Offering - Global Forecast to 2027

Infrared Detector Market by Type (Mercury Cadmium Telluride, INGaas, Pyroelectric, Thermopile, Microbolometer), Technology (Cooled and Uncooled), Wavelength (NIR & SWIR, MWIR, LWIR), Application, Vertical and Region - Global Forecast to 2028

Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Technology, Vertical, Offering and Region (2021-2027)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra MarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected]Visit Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/thermography-building-inspection-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/thermography-building-inspection.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets