China Thermometers Market Analysis | Coherent Market Insights

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China Thermometers Market Analysis (2020-2027)

• A thermometer is a device that measures
  temperature or a temperature gradient. It has two
  important elements a temperature sensor and a
  visible scale or a digital readout. Thermometers
  find application in nanothermometry, cryometer,
  medical, food and food safety, environmental, and
  industrial sectors. 
• Statistics
• China thermometers market is estimated to account
  for US 484.7 Mn in terms of value by the end
  of 2027.

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China Thermometers Market Drivers

• Emergence of Covid-19 is expected to propel
  growth of China thermometers market over the
  forecast period. For instance, in China, from
  January 2020 to 2 July 2020, there have been
  85,263 confirmed cases of COVID-19 with 4,648
  deaths, as reported to the World Health
  Organization.
• Moreover, increasing adoption of digital
  thermometers is also expected to aid in growth of
  the market. Digital thermometers can record
  temperatures from the mouth, armpit or rectum in
  a minute or less and are suitable for newborns,
  infants, and children.

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• Favorable regulations that allow export of
  products is expected to propel growth of the
  market. For instance, in April 2020, the Ministry
  of Commerce, the General Administration of
  Customs and State Administration for Market
  Regulation, China, approved exports of products
  such as Covid-19 test kits, medical face masks,
  protective clothing, ventilators and infrared
  thermometers based on a list it is compiling of
  firms with foreign licenses and registrations and
  a declaration that their products meet local
  standards. Earlier Chinese firms were only given
  export licences for products if they had a
  license to sell the same products at home.
• Statistics
• Mercury Free thermometer held dominant position
  in China thermometers market in 2019, accounting
  for 79.9 share in terms of value.

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Figure 1 China Thermometers Market Share ()
Value, By Type, 2019
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China Thermometers Market Restraints

• Presence of mercury in traditional thermometers
  is expected to hinder growth of the market.
  Traditional thermometers with toxic mercury are
  harmful for human and wild life.
• Moreover, higher cost of digital thermometers
  compared to that of traditional thermometers is
  also expected to limit the market growth.

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China Thermometers Market Opportunities  

• RD in thermometers is expected to offer
  lucrative growth opportunities for players in
  China thermometers market. For instance, in May
  2020, researchers from University of California,
  San Diego, U.S. and National ChungHsing
  University, Taiwan, proposed a standard operating
  procedure to screen for fever by measuring
  forehead temperature using an infrared
  thermometer.
• Moreover, availability of water proof and
  approved thermometers is also expected to aid in
  growth of the market.

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• Statistics
• China thermometers market was valued at US 163.9
  Mn in 2019 and is forecast to reach a value of
  US 484.7 Mn by 2027 at a CAGR of 14.4 between
  2020 and 2027.

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Figure 2 China Thermometers Market Value (US
Bn), 2016 2027
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Market Trends/Key Takeaways

• Increasing demand for thermometers and other
  medical supplies for the management of Covid-19
  is expected to aid in growth of the market. For
  instance, in April 2020, Government of the
  People's Republic of China handed over 3000 PRC
  test units and 200 thermometers to Lebanon.
• The market is witnessing increasing adoption of
  smart thermometers. For instance, in February
  2020, China installed facial recognition
  thermometers in buses in an effort to detect
  symptoms of the coronavirus in passengers. The
  smart thermometers that are capable of measuring
  the temperatures of commuters within one second.
• The market is also witnessing initiatives to
  build smart thermometers. For instance, in March
  2020, DFRobot Maker Community, an online maker
  community in China, announced project to build
  non-contact infrared thermometers.

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China Thermometers Market Competitive Landscape

• Major players operating in China thermometers
  market include, B. Braun Medical Inc., Microlife
  Corporation, Radiant Innovation Inc., Guangzhou
  JinXinBao Electronic Co., Ltd., Easywell Bio,
  Shenzhen Dongdixin Technology Co., Ltd., AViTA,
  Shenzhen Brav Electronic Technologies Co., Ltd.,
  Shanghai Feilong Meters Electronics Co., Ltd.,
  Guangzhou Berrcom Medical Device Co., Ltd.,
  Hangzhou HuaAn Medical Health Instruments Co.,
  Ltd., Sinnyuan Industrial Co., Ltd., Shenzhen
  Sekinno Equipment Co., Ltd., and Guangzhou JT
  Electronic Co., Ltd.

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China Thermometers Market Key Developments

• March 2020 Coolpad, a global consumer
  electronics company, switched some of the
  manufacturing capacity at its China facilities
  from consumer electronic devices to producing
  civilian-grade masks and non-contact infrared
  thermometers.

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