Reports
India Thermocouple Market Size, Share, Growth, Trends: By Product Type: Type K, Type J, Type R, Others; By Raw Material: Nickel, Iron, Copper, Platinum, Others; By Sensor Type: Contact Type, Non-Contact Type; By Application: Power Generation, Energy, Chemical and Petrochemical, Automotive, Others; Competitive Landscape; 2024-2032
India Thermocouple Market Outlook
The India thermocouple market is being aided by the growth of the global thermocouple market, which reached USD 752 million in 2023. The global thermocouple market is projected to grow further in the coming years, growing at a CAGR of 3.5% between 2024 and 2032.
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The Asia Pacific is a significant market in the thermocouple industry. In the Asia Pacific, the industry is dominated by China and India. The substance finds a significant proportion of its application in the Asia Pacific in processing industries like steel, cement, and glass.
Growth of the Manufacturing Sector to Aid the Thermocouple Industry Growth in India
India is a leading market for thermocouple in the Asia Pacific region. The thermocouple market in India is being driven by the growing manufacturing sector in the country. The market is being aided by the various government schemes like ‘Make in India,’ encouraging the expansion of industries within India and attracting investment from local and global players. The industry is being driven by the robust demand from the steel industry. India is one of the largest steel producers globally. The growth in the end-use sectors of steel like infrastructure will also propel the thermocouple industry forward. India, along with China and the US, is expected to be one of the leading construction markets in the coming years.
Thermocouple: Market Segmentation
A thermocouple comprises of two wires made of two different metal types, which are joined together to create a junction, from where temperature can be measured. They can vary in their properties like chemical resistance, temperature range, durability, vibration resistance, and application compatibility. Thus, based on their different product types, they can be categorised as:
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- Type K
- Type J
- Type R
- Other
They are made of raw materials like nickel, iron, copper, or platinum, among others. They are used in the following sectors:
- Power Generation
- Energy
- Chemical and Petrochemical
- Automotive
- Metals and Mining
- Food and Beverage
- Others
By sensor type, the industry is bifurcated into:
- Contact Type
- Non-Contact Type
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Market Analysis
The thermocouple market in India is concentrated in the western and southern regions of the country. The industry in India is being driven by the rising infrastructural investments and the growth in urbanisation. The industry is also being aided by favourable government schemes attracting investments into the end-use sectors of thermocouples. The demand for the substance in the country is witnessing a robust growth, especially from the steel sector.
Thermocouples also find extensive application in the automotive sector, which is one of the leading application sectors of the substance globally. They are used to measure and record essential readings in the automobiles and are used in parts like spark plugs, cylinder heads, car batteries, brake discs, and exhaust gas readings, among others. Thus, the Indian market for thermocouple is also aided by the robustly growing automotive industry in the country. The country accounted for the fourth largest sales of vehicles, globally, and was the seventh largest commercial vehicles manufacturer in 2017. The rising market for e-vehicles in the country is further driving the thermocouple industry in the country. The oil and gas segment in the country is witnessing a robust growth, providing further impetus for the industry growth in the country. India is one of the largest oil refiners in the continent and is the third largest consumer of energy globally.
Key Industry Players in the India Thermocouple Market
The report gives a detailed look into the following key players in the India thermocouple market, covering their market share, capacity, and latest developments like capacity expansions, mergers, acquisitions, and investments, and plant turnarounds:
- Honeywell International Inc
- ABB Ltd.
- Tempsens Instrument Pvt. Ltd.
- General Instruments Consortium
- S.R.I Electronics
- Others
The EMR report gives an in-depth insight into the manufacturing process, including the costs involved. It assesses the market based on the Porter’s Five Forces model as well as through SWOT analysis. The comprehensive report analyses the micro and macro aspects of the industry.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Raw Material, Sensor Type, Application |
| Breakup by Product Type | Type K, Type J, Type R, Others |
| Breakup by Raw Material | Nickel, Iron, Copper, Platinum, Others |
| Breakup by Sensor Type | Contact Type, Non-Contact Type |
| Breakup by Application | Power Generation, Energy, Chemical and Petrochemical, Automotive, Metals and Mining, Food and Beverage, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Honeywell International Inc, ABB Ltd., Tempsens Instrument Pvt. Ltd., General Instruments Consortium, S.R.I Electronics, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Opportunities and Challenges in the Market
8 India Thermocouple Market Analysis
8.1 Key Industry Highlights
8.2 India Thermocouple Historical Market (2018-2023)
8.3 India Thermocouple Market Forecast (2024-2032)
8.4 India Thermocouple Market by Product Type
8.4.1 Type K
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Type J
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Type R
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 India Thermocouple Market by Raw Material
8.5.1 Nickel
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Iron
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Copper
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Platinum
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 India Thermocouple Market by Sensor Type
8.6.1 Contact Type
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Non-Contact Type
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 India Thermocouple Market by Application
8.7.1 Power Generation
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Energy
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Chemical and Petrochemical
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Automotive
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Metals and Mining
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Food and Beverage
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyers Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Honeywell International Inc
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 ABB Ltd.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Tempsens Instrument Pvt. Ltd.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 General Instruments Consortium
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 S.R.I Electronics
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. India Thermocouple Market: Key Industry Highlights, 2018 and 2032
2. India Thermocouple Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. India Thermocouple Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. India Thermocouple Historical Market: Breakup by Raw Material (USD Million), 2018-2023
5. India Thermocouple Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
6. India Thermocouple Historical Market: Breakup by Sensor Type (USD Million), 2018-2023
7. India Thermocouple Market Forecast: Breakup by Sensor Type (USD Million), 2024-2032
8. India Thermocouple Historical Market: Breakup by Application (USD Million), 2018-2023
9. India Thermocouple Market Forecast: Breakup by Application (USD Million), 2024-2032
10. India Thermocouple Market Structure
Key Questions Answered in the Report
The India thermocouple market is being aided by the growth of the global thermocouple market, which reached USD 752 million in 2023.
The global thermocouple market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The major market drivers include the growing manufacturing sector, favourable government schemes, strong demand from steel market, rising automotive market, augmenting market for e-vehicles, and the growing oil and gas sector.
The key trends include growing infrastructural investments and the rapid urbanisation.
Type K, Type J, and Type R, among others are the different product types in the market.
The various raw materials include nickel, iron, copper, and platinum, among others.
The sensor types in the market are contact type and non-contact type.
The power generation, energy, chemical and petrochemical, automotive, metals and mining, and food and beverage, among others are the dominant applications of the market.
The key players in the India thermocouple market are Honeywell International Inc, ABB Ltd., Tempsens Instrument Pvt. Ltd., General Instruments Consortium, and S.R.I Electronics, among others.
Analyst Review
The India thermocouple market is being aided by the growth of the global thermocouple market, which reached USD 752 million in 2023, driven by the rising infrastructural investments. Aided by the growing automotive industry and rapid urbanisation,the global thermocouple market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the India thermocouple industry can be segmented into Type K, Type J, and Type R, among others. By raw material, the market is divided into nickel, iron, copper, and platinum, among others. Based on sensor type, the industry is divided into contact type and non-contact type. The automotive sector is the dominant application of the industry. The key players in the above market include Honeywell International Inc, ABB Ltd., Tempsens Instrument Pvt. Ltd., General Instruments Consortium, and S.R.I Electronics, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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