Global IR Windows Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global IR Windows Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An infrared window is a generic term used to describe an inspection point that is designed to allow infrared radiation to transmit to the outside environment. Simply put, an infrared (IR) window is a data collection point for a thermal camera. All IR windows must fulfill the strength, rigidity and environmental requirements of the type of equipment into which it is installed. It must also be compatible with the infrared equipment being used. Some IR windows are simply a housing with an open center, and a cover that secures the opening. Typically, the IR window housing will contain a grill or an optic.

Market Overview:

The latest research study on the global IR Windows market finds that the global IR Windows market reached a value of USD 228.65 million in 2022. It’s expected that the market will achieve USD 393.22 million by 2028, exhibiting a CAGR of 9.46% during the forecast period.

Epidemic risk

After the outbreak of novel coronavirus, countries around the world issued policies to prevent and control the epidemic according to the national deployment. The epidemic affected a wide range, and the production, operation and consumer markets of various industries were affected. Suppliers, customers and other stakeholders are also affected to varying degrees, which leads to delays in procurement, production and sales, which has a certain impact on the company's operations in the industry. If the novel coronavirus outbreak breaks out again or becomes normal, it will have a certain impact on the overall production and operation of the company and the industry.

According to the production situation of products in IR Windows industry, it is more difficult to produce. Mainly due to the shortage of upstream materials and enterprises' employment, the prices of raw materials for IR Windows products are also facing price increases. It can be seen that this epidemic is extremely unfavorable to the development of IR Windows industry.

Accurate temperature measurement infrared thermal imager is suitable for long-distance and non-contact rapid temperature measurement of large-scale mobile population, and it is one of the best products for the prevention and control of novel coronavirus epidemic. Therefore, in the early stage of the epidemic, due to the large demand of infrared thermal imager for temperature measurement, various accessories were in short supply, especially IR Windows. Therefore, the demand for infrared thermal imager for temperature measurement has driven the growth of infrared window market in this field to a certain extent.

Market Drivers

Switchgear is a cabinet in which switches (circuit breakers) are installed in a closed cabinet. Switchgear realizes the redistribution function of power, and plays the role of closing and breaking power lines. It is used to realize the transmission and rearrangement of power loads and the withdrawal of faulty equipment and line segments from the power system, thus ensuring the safe operation of the power system.
Switchgear consists of four chambers, with contacts, bus bars, insulation equipment, circuit boards, coils, semiconductors and other components on it. Switchgear in operation contains high voltage, high current and strong magnetic field. Workers can't open the switchgear at will when testing it. Opening it will cause electric arc, which is unsafe for the equipment and workers. Among them, the most prone to heat and accident detection is at the position of 6 contacts, and more than 90% of switchgear accidents are caused by contact heat. 99% of high-voltage arc is caused by the heating deformation of equipment under the action of high-voltage current. Therefore, IR Windows is installed on the switch cabinet to prevent the electric arc from harming the equipment and workers.

Price cost of raw materials

The cost of raw materials is relatively high. If the price of raw materials and commodities rises sharply, the production cost will obviously rise. Some industry customers have certain bargaining power, and IR Windows manufacturers may not be able to completely transfer the new costs to such customers, so this may have an adverse impact on gross profit margin.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The IR Windows industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

Geographically, North America held the largest market share – 39.6% in 2022.

Company Overview:

Teledyne FLIR is one of the major players operating in the IR Windows market, holding a share of 19.83% in 2021.

Teledyne FLIR

Teledyne FLIR designs, develops, manufactures, markets, and distributes technologies that enhance perception and awareness. Teledyne FLIR bring innovative sensing solutions into daily life through our thermal imaging, visible-light imaging, video analytics, measurement and diagnostic, and advanced threat detection systems.

Fluke Corporation

Fluke Corporation is the world leader in professional electronic test tools and software for measuring and condition monitoring. Fluke tools are known for portability, safety, ease-of-use, accuracy and rigid standards of quality.

Segmentation Overview:

Among different product types, Crystal Material segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Industrial Use, with a market share of 65.4% in 2022.

Key Companies in the global IR Windows market covered in Chapter 3:

Fluke Corporation
IRISS
Schneider Electric
Teledyne FLIR
Exiscan
Beijing Scitlion Technology Corp., Ltd
CorDEX Instruments
Grace Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the IR Windows market from 2018 to 2029 is primarily split into:

Crystal Material
Polymer Material

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the IR Windows market from 2018 to 2029 covers:

Industrial Use
Laboratory Use
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)