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The growth in the global market for thermocouple can be attributed to its use as temperature sensors across industry verticals owing to its accuracy in measurements. Temperature sensors are fitted in injection molding machines, which are used in plastic processing applications. Hence, the extensive production of plastic products for different applications is propelling the growth of the market. Because of the high temperatures involved, type K and J base thermocouple materials are popularly used as temperature monitors. This is providing impetus to the market. Apart from this, thermocouples find extensive applications in the snack food packaging industry where packaging machineries are equipped with temperature sensing probes and heaters. This allows for an accurate temperature analysis, thereby resulting in precise packaging of the food material. The rising availability of packed food products such as biscuits, frozen foods, and snacks, among others, are contributing to the growth of the market.
Integrated Device Technology, Inc., a subsidiary of Renesas Electronics Corporation (TSE: 6723), launched its new ZSSC4175 sensor signal conditioner for dual thermocouples in June 2019. Designed for automotive exhaust system applications, it provides highly accurate amplification and sensor-specific correction of thermocouple signals to ensure precise measurement of exhaust gas temperatures. The ZSSC4175 sensor signal conditioner has dual inputs for thermocouple signals and uses a 16-bit RISC microcontroller to digitally compensate for offset, sensitivity, temperature drift and nonlinearity. Thermocouples are extensively used to measure exhaust gas temperatures; the data is then used by engine management systems to reduce harmful emissions and improve fuel economy. Thus, such developments by leading market players are stimulating the growth of the market.
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The major players in the global thermocouple market are ABB Ltd., Honeywell International Inc., Maxim Integrated Products, Inc., Temperature Specialists, Inc., Yamari Industries, Limited, Tempsens Instrument Pvt. Ltd., and S.R.I Electronics, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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