Transparency Market Research has published a report in "China Thermometer Market - Temperature Measurement And Monitoring Devices Market: China Industry Analysis, Size (Volume-Value), Trend and Forecast (2010 - 2016)" that states that the China’s market for thermometer is anticipated to reach USD 111.6 million in the next foru years at 9.8% CAGR rate for the period 2011-2016.
The business for thermometers based on mercury will be less when compared to the growth of mercury-free thermometers.
China is one of the largest producers of mercury-based thermometers for export and domestic purposes. The country produces around 150 million thermometers in a year. The demand for mercury based thermometer in the country is met by domestic production. Due to the increasing awareness of pollution by mercury and initiatives taken for reducing mercury usage, the demand for digital and other mercury-free thermometers has increased which is managed by both import and domestic production.
The temperature monitor device market of China is highly influenced by mercury-based thermometers, which have yielded USD 38.26 million accounting 54.8% of China’s temperature monitor devices income in 2011.
The report states that this scenario will change within two years. In 2016,the mercury-free thermometer market is anticipated to hike up to USD 76.78 million, which will be about 68.8% of China’s temperature monitor devices income with a 19.5% CAGR rate for value and 21.3% for volume between 2011 and 2016.
A decline in the mercury based thermometer market will be observed during the same tenure. A negative CAGR of about 1.9% for value and 2% for volume is expected during 2011-2016.
Source: http://www.transparencymarketresearch.com/