DALLAS, July 1, 2015 /PRNewswire/ --
According to the new market research report "Infrared Thermography Market in Building Inspection by Application (Energy Auditing, Building Performance, & Others), Building Type (Residential, Commercial, & Others), Platform (Hardware & Software), & Geography - Forecast to 2020", published by MarketsandMarkets, the Infrared Thermography Market in building inspection is expected to reach $53.2 Million by 2020, growing at a CAGR of 4.2% between 2015 and 2020.
Browse 65 market Tables and 72 Figures spread through 164 Pages and an in-depth TOC on "Infrared Thermography Market"
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Infrared thermography is a technology which has been designed to save energy by using infrared thermographic images. The demand to reduce energy consumption is increasing worldwide and the market for infrared thermography market in building inspection is also expected to grow proportionately, in order to support this growth. Thermographic inspections are used in analyzing the hot spots in the buildings by using infrared cameras. The infrared thermographic inspections have helped building owners to fulfill the objectives related to safety, and to use predictive maintenance. The developing countries such as China, Japan, and India are continuously attracting investments in infrastructure and expansions from the major companies, due to the favorable business environment in these economies. The growth of infrastructure in developing countries is acting as a leading market driver for infrared thermographic market in building inspection, as a result, the growing investment in these markets is creating an opportunity for the overall market.
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The Infrared Thermographic Market is expected to benefit from emerging market investments that are enhancing the infrastructure and facilities, while the developed markets are expected to continue to invest in more efficient energy control systems and procedures, which offer better and more efficient ways of managing energy consumption rate and using predictive maintenance. The growing pressure on building owners to control their energy consumption level has encouraged them to adopt the regular thermographic inspections.
This report details the segmentation of the infrared thermography market in building inspection, by application, building type, platform, and geography and it covers all the existing and emerging technologies in the infrared thermography market in building inspection. The report covers all the major applications of infrared thermography market, namely energy auditing, building performance, electric & HVAC inspection, and structural analysis with qualitative as well as quantitative industry insights.
One of the objectives of the report is to analyze the market trends for each of the infrared thermography market in building inspection market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses, such as Porter's Five Forces analysis, value chain with a detailed process flow diagram, and market dynamics, such as drivers, restraints, opportunities, and challenges for the infrared thermography market in building inspection.
The infrared thermography market in building inspection has been segmented based on geography- North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The North America is estimated to account for a major share of the infrared thermography market in building inspection, which is expected to be followed by Europe and Asia-Pacific. Moreover, the Asia-Pacific market is expected to grow at the highest rate.
The major players in this market are Fluke Corporation (U.S.), FLIR Systems, Inc. (U.S.), Nippon Avionics Co., Ltd. (Japan), Testo AG (Germany) among others.
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