Thermal imaging of the manufacturing industry in the area of market research in the USA: now available IBISWorld
Los Angeles, CA (PRWeb) February 2, 2012
Tags thermal imaging equipment manufacturing industry is experiencing strong growth over five years to 2012, due to new products and improved demand from commercial and industrial markets. From 2007 to 2012, industry revenues estimated to grow at an average annual rate of 6.4% to $ 4.5 billion This increase includes an increase in projected revenues by 7.4% during 2012. Traditionally, the major industrial users, including soldiers, policemen and firemen who use thermal imaging for viewing purposes. However, because the price of thermal imaging equipment decreased, other markets have increased their use. These customers are commercial and industrial markets such as utility companies, building inspectors, automotive and boat manufacturers and other factories. Businesses use infrared technology to determine the temperature change and improve visibility for cars and boats. According to industry analysts IBISWorld Moldvay Caitlin, a broad market introduction of new business and industrial applications has resulted in strong growth sectors.
Tags about 70 companies operating in the field. During the five years since 2012, the number of industrial businesses declined on average by 1.4% annually. According Moldvay, while companies continue to enter the industry, increased mergers and acquisitions led to consolidation in the industry overall. Due to this increase in consolidation, the average company in the field of typical profit margins of 12.2%. Improving economic conditions will have a positive impact on revenue for five years until 2017, because it would allow the growth of commercial customers and industrial markets. However, the federal defense is expected to alleviate some of the reduction of this revenue increase, with the requirements of this traditional market expected to fall period.
Tags This industry has a low concentration in the market. FLIR Systems is the top company, and Fluke Corporation, U.S. Test and Sierra Pacific Innovations compete in the industry. Thermal imaging market is highly competitive, with major players and cold running under the constant innovation of products. During the last five years, industry has experienced a high level of acquisition activity of companies trying to increase market share. The industry is characterized by a relatively stable number of players and most of them are outsourcing production to countries with low costs. IBISWorld industry consolidation projects will be increased to five years in 2017.
Tags: For more information, visit IBISWorlds thermal imaging at the U.S. production industry
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Tags: This industry manufactures devices that can detect infrared radiation in the range and produce an electronic signal which is then displayed on the screen. These tools are used to improve visibility and detect temperature differences.
Tags IBISWorld Industry Report Topics
branch
Summary
Drivers foreign key
current performance
Industry Outlook
the life cycle
products and markets
Supply Chain
Products and Services
major markets
Globalization and Trade
business locations
The competitive environment
Market Share Concentration
Key Success Factors
cost structure
standards
barriers to market entry
large companies
operating conditions
Capital intensity
Key statistics
Industry Data
Annual change
headline news
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known as the nations most trusted source of independent industry and market research, IBISWorld offers a comprehensive database of unique information and analysis in each industry in the U.S.. With an extensive online portfolio, valued for its depth and scope, the company provides clients with the knowledge necessary to make the best decisions the company. Based in Los Angeles, IBISWorld offers a range of business services to government and professional organizations with more than 10 countries worldwide. For more information visit or call 1-800-330-3772 http://www.ibisworld.com.
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