The global demand for Thermocouples Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Thermocouples (TCs) are electrically powered devices used for measuring temperature. It is a sensor for quantifying temperature. The thermocouple is also known as a thermoelectric thermometer, thermal or thermal junction. It comprises two different electrical conductors that are welded to create an electrical junction and connected with an instrument that can receive input from the thermocouples and measure the reading. The two electrical conductors are made from two different types of metal, and the temperature is measured at this junction. It is capable of measuring wide temperature ranges and suits almost every application. Thermocouples help measure temperature in various industrial processes, such as diesel engines, kilns, and gas turbine exhausts. It is also used in home appliances, food & beverage processing, electricity generation, automotive sensors, rocket, spacecraft, satellites, among others.
The key factors driving the market are the growing application of thermocouples in furnaces, boilers, temperature-controlled rooms, and the expanding use of electric vehicles (EVs). Growing emphasis on safety, security, quality, and standard of production in manufacturing industries augment the demand for thermocouples. Besides, the increasing use of thermocouples in the automotive sector and portable healthcare equipment has been expected to bring new growth opportunities. The government making the use of temperature sensors mandatory and strict emission norms for vehicles will fuel thermocouples demand. In addition, technological advancements in sensors and the growing trend of digitization in the industries will accelerate the need for thermocouples. However, lack of technical awareness, heating issues in extremely high temperatures, and availability of alternatives will hamper the growth of the thermocouples market to some extent during the forecast period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of thermocouples. The growth and trends of thermocouples industry provide a holistic approach to this study.
This section of the thermocouples market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Nickel-alloy Thermocouples
- Tungsten/Rhenium-alloy Thermocouples
- Chromel–gold/Iron-alloy Thermocouples
- Steel Industry
- Oil & Gas
- Electrical & Electronics
This section covers the regional outlook, which accentuates current and future demand for the Thermocouples market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Thermocouples Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the thermocouples market include OMEGA Engineering inc., Fluke Corporation, Thermometrics Corporation, Minco Products, Inc., Cooper-Atkins Corporation, Watlow, Smiths Interconnect., SKF Group, LINE SEIKI CO., LTD., WIKA Instruments India Pvt. Ltd., JUMO Instrument Co. Ltd, Conax Technologies. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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