China Thermometers Market Analysis | Coherent Market Insights

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2. 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.

3. 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.

4. s • 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.

5. Figure 1: China Thermometers Market Share (%) Value, By Type, 2019

6. 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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8. China Thermometers Market: Opportunities   • R&D 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.

9. s 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.

10. Figure 2: China Thermometers Market Value (US$ Bn), 2016 – 2027

11. 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.

12. 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 Hua’An Medical & Health Instruments Co., Ltd., Sinnyuan Industrial Co., Ltd., Shenzhen Sekinno Equipment Co., Ltd., and Guangzhou JT Electronic Co., Ltd.

13. 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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