Shortwave Infrared Lamps Market Projected to Exhibit Growth at 3.6% CAGR by 2031- TMR Study
The Shortwave Infrared Lamps Market, valued at US$ 293.0 Mn in 2022, is set to witness robust growth, projecting a Compound Annual Growth Rate (CAGR) of 3.6% from 2023 to 2031. Widely employed across diverse industries such as plastics, automotive, printing, food, electronics, and textiles, shortwave infrared lamps are integral to radiant heating applications, driving demand and market expansion.Market Overview
Shortwave infrared lamps, also known as shortwave infrared light bulbs or heat lamps, have become pivotal in radiant heating for industrial applications. The market's growth is attributed to advancements in infrared technology and its increasing adoption across various industrial sectors.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84148&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
Market Drivers
Industrial Sector Expansion: The rapid growth of the industrial sector, including plastics, automotive, food processing, textiles, and electronics, is a key driver for the Shortwave Infrared Lamps Market. These lamps find applications in crucial industrial operations, such as heating, drying, welding, and plastic preformation.
Advancements in Infrared Technology: The surge in popularity of various types of shortwave infrared lamps, including white, gold, and non-glare lamps, with varying power and lighted length, underscores positive market dynamics. Key suppliers are focusing on offering advanced infrared solutions to capture a larger market share.
Innovation in Infrared Solutions: Manufacturers are investing heavily in Research and Development (R&D) activities to launch innovative shortwave infrared-based products. These advancements cater to a broad spectrum of users in astronomy, life sciences, medical equipment, agriculture, defense, and mineral inspection, influencing market development positively.
Challenges and Limitations
Safety Concerns: The exposure of workers to shortwave infrared lamps poses risks related to eye and skin damage. Stringent safety regulations enacted by regional governing bodies are challenging the market growth. Users are opting for alternatives, such as medium or long-wave infrared lamps, to mitigate associated risks.
Regional Outlook
Asia Pacific is anticipated to dominate the global shortwave infrared lamps market, driven by the region's robust industrial sector growth and ongoing research and development activities. The plastic, semiconductor, packaging, automotive, and food processing sectors in Asia Pacific are experiencing significant expansion, propelling the demand for innovative infrared technologies.
Competitor Analysis
Major players in the Shortwave Infrared Lamps Market include Ushio Inc., Dr. Hรถnle Group, Heraeus Holding, Toshiba Corporation, DR. Fischer Group, and Fannon Products, LLC. These players are actively involved in expanding their product portfolios, engaging in mergers and acquisitions, and investing in R&D to introduce cutting-edge products.
Recent Developments
Ushio Inc. - January 2023: Announced the development of the HL40163MG series, featuring a 405nm wavelength, 175mW optical output single-mode laser diode. This innovation is set to meet the demands for high-power lasers with steady beam quality over a wider range of temperature conditions.
Dr. Hรถnle AG - January 2023: Presented a range of curing and drying solutions for inks, varnishes, adhesives, and silicones at the European Coatings Show 2023, emphasizing its commitment to offering diverse solutions for various applications.
DR. FISCHER GROUP - 2022: Invested significantly in expanding and manufacturing specific UV/UVC lamps at its largest production hub in Europe, DR. FISCHER Europe S.A.S., to address the growing market opportunities.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=84148<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Shortwave Infrared Lamps Market Projected to Exhibit Growth at 3.6% CAGR by 2031- TMR Study here
News-ID: 3420146 • Views: โฆ
More Releases from Transparency Market Research
Palletizer Market Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034
The Global Palletizer Market, valued at US$ 3.1 billion in 2023, is poised for significant growth, with an estimated compound annual growth rate (CAGR) of 5.2% from 2024 to 2034. By the end of this forecast period, the market is expected to reach a valuation of US$ 5.4 billion. This growth trajectory is driven by various factors, notably the increase in shipment volumes and the expansion of the e-commerce sector.
Theโฆ
The Future of the Outdoor Power Equipment Market: Growth, Trends, and Innovation โฆ
The Global Outdoor Power Equipment Market, valued at US$ 30.5 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 3.1%, reaching US$ 42.8 billion by 2034. This growth is driven by increased adoption of landscaping services and a rising demand for sustainable, battery-powered solutions that offer cleaner operation and reduced noise compared to traditional gas-powered equipment. Key market players are focusing on innovation, electrification,โฆ
Dental Apex Locator Market: Trends, Growth, and Future Outlook
The dental apex locator market, pivotal in modern endodontics, is witnessing substantial growth. Apex locators are electronic devices used to determine the position of the apical constriction and measure the working length of the root canal, ensuring precision in endodontic procedures. The market for these devices was valued at USD 73.9 million in 2021 and is projected to reach over USD 140.1 million by 2031, growing at a CAGR ofโฆ
Advancements and Market Trends in Visualization Instruments for Minimally Invasi โฆ
The global market for visualization instruments used in minimally invasive surgery (MIS) has witnessed significant growth and evolution, driven by technological advancements and increasing adoption of MIS procedures. According to the latest industry analysis, the market was valued at US$ 10.4 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.2%, reaching over US$ 21.0 billion by 2031.
Download sample PDF copy of report:โฆ
More Releases for Infrared
Infrared Imaging Market Size, Analysis | Infrared Imaging Industry Future Growth โฆ
Global Infrared Imaging Market Report provides a detailed industry overview along with the analysis of Cost Structure, Supply Chain, Development Techniques, Retailers Analysis, Financial Support, business Strategies, Marketing Channels. Global Infrared Imaging Market research report provides a point-by-pointIn-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations,โฆ
Infrared Welding Machines (Infrared Welder) Market global outlook and forecast 2 โฆ
The Global Infrared Welding Machines (Infrared Welder) Market research report is a careful examination of the worldwide industry which has been a region of enthusiasm for a Infrared Welding Machines (Infrared Welder) makers, organizations, authorities, chiefs, and likely speculators, and analysts. The report profoundly lights up noteworthy features in the business, including a contention situation, condition, portions, showcase size, share, gainfulness, development potential, andโฆ
Global Infrared Welding Machines (Infrared Welder) Market Analysis (2020-2025)
Global Info Research offers a latest published report on Infrared Welding Machines (Infrared Welder) Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Infrared Welding Machines (Infrared Welder) Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Click to view theโฆ
Infrared Imaging Market Report 2018: Segmentation by Technology (Cooled Infrared โฆ
Global Infrared Imaging market research report provides company profile for FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Axis Communications (Sweden), Xenics (Belgium), Sofradir (France) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018โฆ
Infrared Sensor Market: Rising Security Concerns to Fuel Uptake of Infrared Sens โฆ
The significant rise in security concerns among consumers and the growing demand for consumer electronics products is impacting the global market for infrared sensors greatly. The massive demand for security at commercial places, such as offices, hospitals, and hotels is likely to push the growth of this market upward in the next few years.
Apart from this, the decline in the retail prices of these sensors is also estimated to bolsterโฆ
Infrared Sensor Market: Rising Security Concerns to Fuel Uptake of Infrared Sens โฆ
The global market for infrared sensors exhibits a consolidated structure, finds a report by Transparency Market Research (TMR). The top four players in this market, namely Murata Manufacturing, FLIR Systems, Hamamatsu Photonics, and Excelitas Technologies, together accounted for more than 85% in this market in 2015.
As these players are aggressively focusing on innovation and advancements in the current offering to gain greater visibility, the competition within the market is likelyโฆ