Thermal Analyzer Market Report 2024 (Global Edition)

Global Thermal Analyzer Market Report 2024 Market Size Split by Type (Differential Scanning Calorimetry Analyzers, Thermogravimetric Analyzers, Differential Thermal Analyzers, Simultaneous Thermal Ana...

Thermal Analyzer Market Report Description

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Thermal Analyzer Market Insights Video

Competitive Landscape of the Thermal Analyzer Market

In the Thermal Analyzer Market's competitive landscape, numerous key competitors are driving innovation and growth. The market for thermal analysis includes a lot of competitors, and the industry's most ruthless players use tactics such product launches, collaborations, acquisitions, agreements, and expansion to strengthen their market positions. The majority of sector companies concentrate on expanding globally and establishing enduring alliances.

In June 2021, the TA Instruments Division of Waters Corporation (NYSE:WAT) has unveiled TRIOS AutoPilot software for its range of thermal analyzers. Laboratory employees who use TA's thermal analyzers can create routine and streamlined standard operating procedures (SOPs) up to 25% faster thanks to the software. They can also avoid transcription errors that can hinder productivity and result in inconsistent thermal analysis measurements, which are used to evaluate the performance of materials and the quality of products from batch to batch. (Source: https://ir.waters.com/newsroom/press-release-details/2021/TA-Instruments-Helps-Laboratories-Automate-Thermal-Analysis-Workflows-with-New-TRIOS-AutoPilot-Software/default.aspx) In October 2021, together, TSMC and Ansys (NASDAQ: ANSS) developed a complete thermal analysis solution for multi-die designs constructed using TSMC 3DFabricTM, the company's extensive line of advanced packaging and 3D silicon stacking technologies. (Source: https://www.ansys.com/en-in/news-center/press-releases/10-27-21-ansys-collaborates-with-tsmc-to-deliver-thermal-analysis-solution-for-3d-ic-designs)

Top Companies Market Share in Thermal Analyzer Industry: (In no particular order of Rank)

• TA Instruments (A Subsidiary of Waters)
• Netzsch
• Mettler-Toledo
• Perkinelmer
• Setaram Instrumentation
• Shimadzu
• Hitachi High-Technologies
• Rigaku
• Theta Industries
• Nanjing Dazhan Institute of Electromechanical Technology
• Instrument Specialists
• Shanghai and Sheng Instrument Technology
• Shanghai Innuo Precision Instruments
• Leco
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Thermal Analyzer Market

Which Region Dominates the Thermal Analyzer Market in 2024?

According to Cognitive Market Research, North America currently dominates the Thermal Analyzer market, and the region is expected to have significant growth during the projected period. This is due to the region's rising investments in industrial R&D projects and more money coming from the public and private sectors for efficient research.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Rapidly expanding sectors like materials and chemicals in developing nations like China, Japan, and India are some of the key reasons propelling the market's expansion in this area.

The current report Scope analyzes Thermal Analyzer Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Thermal Analyzer

According to Cognitive Market Research, the global Thermal Analyzer Market size was estimated at USD 675.9 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 270.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Thermal Analyzer Market with a market size of USD 213.31 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The U.S. market's Stringent governmental regulations against pollution.
• The Canada Thermal Analyzer Market had a market share of USD 32.44 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Thermal Analyzer Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 24.60 million in 2024.

Europe Thermal Analyzer

According to Cognitive Market Research, the global Thermal Analyzer Market size was estimated at USD 675.9 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 202.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Thermal Analyzer Market had a market share of USD 34.07 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Thermal Analyzer sales witness an upswing due to the increasing focus on food safety.
• The France Thermal Analyzer Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 18.65 million in 2024.
• According to Cognitive Market Research, the German Thermal Analyzer Market size was valued at USD 40.15 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Thermal Analyzer surged due to the Increased focus of the manufacturers and major market players.
• The Italy Thermal Analyzer Market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 17.44 million in 2024.
• The Russia Thermal Analyzer Market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 31.43 million in 2024.
• The Spain Thermal Analyzer Market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 16.63 million in 2024
• The Luxembourg Thermal Analyzer Market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 6.29 million in 2024.
• The Portugal Thermal Analyzer Market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 4.26 million in 2024.
• The Greece Thermal Analyzer Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 2.43 million in 2024.
• The Rest of Europe's Thermal Analyzer Market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 31.43 million in 2024.

Asia Pacific Thermal Analyzer

According to Cognitive Market Research, the global Thermal Analyzer Market size was estimated at USD 675.9 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 155.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Thermal Analyzer Market size was valued at USD 69.96 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Thermal Analyzer surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Thermal Analyzer Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 21.45 million in 2024.
• The India Thermal Analyzer Market had a market share of USD 18.65 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's rising awareness among the populations .
• The South Korean Thermal Analyzer Market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 15.55 million in 2024.
• The Australian Thermal Analyzer Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 8.08 million in 2024.
• The South East Asia Thermal Analyzer Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 10.73 million in 2024.
• The Rest of Asia Pacific Thermal Analyzer Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 11.04 million in 2024.

South America Thermal Analyzer

According to Cognitive Market Research, the global Thermal Analyzer Market size was estimated at USD 675.9 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 33.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Thermal Analyzer Market size was valued at USD 14.46 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Thermal Analyzer flourished in Brazil due to rising R&D expenditures in a number of industries.
• Argentina's Thermal Analyzer Market had a market share of USD 5.68 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's rising personal disposable income .
• Colombia Thermal Analyzer Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 3.01 million in 2024.
• Peru Thermal Analyzer Market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 2.77 million in 2024.
• Chile Thermal Analyzer Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 2.43 million in 2024.
• The Rest of Latin America's Thermal Analyzer Market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 5.44 million in 2024.

Middle East and Africa Thermal Analyzer

According to Cognitive Market Research, the global Thermal Analyzer Market size was estimated at USD 675.9 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 13.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Thermal Analyzer Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 5.79 million in 2024. Thermal Analyzer sales flourish due to the presence of major market players.
• The Egypt Thermal Analyzer Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1.42 million in 2024.
• The South Africa Thermal Analyzer Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 2.14 million in 2024. Thermal Analyzer sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Thermal Analyzer Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 1.16 million in 2024.
• The Nigeria Thermal Analyzer Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 1.42 million in 2024.
• The Rest of the MEA Thermal Analyzer Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1.60 million in 2024.

Thermal Analyzer Market Analysis

Thermal Analyzer Market Type Segment Analysis

According to Cognitive Market Research, Differential Scanning Calorimetry Analyzers are likely to dominate the Thermal Analyzer Market over the forecast period. The increasing use of DSC in the food industry, technological developments, the products' speed and ease of use, and their important applications in molecular biology, nanoscience, drug discovery, microfluidics, and pharmaceuticals are all responsible for the considerable portion of the differential scanning calorimetry analyzers market.

The Thermogravimetric Analyzers is the fastest-growing segment in the Thermal Analyzer Market. As the temperature of a sample changes, a thermogravimetric analyzer continuously measures mass. Mass, temperature, and time are considered base measurements in thermogravimetric analysis, from which many other measures can be obtained.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Thermal Analyzer Industry. Request a Free Sample PDF!

Thermal Analyzer Market Functionality Segment Analysis

According to Cognitive Market Research, single-functionality analyzers segment holds the largest share of the market, driven by number of factors, including the expansion of the industrial base, the expiration of patents on biomolecules and blockbuster pharmaceuticals, stricter laws regarding food and product safety, and an increase in research and development efforts among major end users in emerging economies.

In the Thermal Analyzer Market, the Simultaneous-Functionality Analyzers has been expanding at a rapid pace, features instruments capable of conducting multiple analyses, such as thermogravimetric analysis (TGA) and differential scanning calorimetry (DSC) simultaneously. This versatility enhances efficiency, providing comprehensive data on materials' thermal properties in a single run.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Thermal Analyzer End-user Segment Analysis

Thermal Analyzer Market End-user Segment Analysis

According to Cognitive Market Research, the chemical and material manufacturers segment dominates the market. The primary driver of the need for thermal analysis products in this end-user segment for the next term is chemicals, polymers, and materials (such as automotive, construction, electronics, healthcare, textiles, and FMCG), which will cause this market to dominate for the company period.

Food and beverage is projected to be the fastest-growing segment in the Thermal Analyzer Market. The market's expansion is ascribed to the food manufacturing industry's growing use of thermal analyzer devices to characterize raw ingredients and final products. Growing public health concerns and the introduction of various national or international guidelines to ensure the quality of food products.

• Chemical & Material Manufacturers
• Pharmaceutical & Biotechnology Companies
• Food & Beverage Industry
• Petrochemical Industry
• Research & Academia
• Other End Users

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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