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India Thermocouple Market: 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; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Thermocouple Market Outlook

The India thermocouple market is being aided by the growth of the global thermocouple market, which reached USD 702 million in 2020. The global thermocouple market is projected to grow further in the coming years, growing at a CAGR of 3.5% between 2021 and 2026.

 

India Thermocouple Market

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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:

 

India Thermocouple Market By Application

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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

 

India Thermocouple Market

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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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    India Thermocouple Market Analysis

    8.1    Key Industry Highlights
    8.2    India Thermocouple Historical Market (2017-2021) 
    8.3    India Thermocouple Market Forecast (2022-2027)
    8.4    India Thermocouple Market by Product Type
        8.4.1    Type K
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Type J
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Type R
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    India Thermocouple Market by Raw Material
        8.5.1    Nickel 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Iron
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Copper
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Platinum
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    India Thermocouple Market by Sensor Type
        8.6.1    Contact Type
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Non-Contact Type
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    India Thermocouple Market by Application
        8.7.1    Power Generation
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Energy    
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Chemical and Petrochemical
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Automotive
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Metals and Mining
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021)
            8.7.5.3    Forecast Trend (2022-2027)
        8.7.6    Food and Beverage
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2017-2021)
            8.7.6.3    Forecast Trend (2022-2027)
        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    Industry Events and Developments


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, 2016 and 2026
2.    India Thermocouple Historical Market: Breakup by Product Type (USD Million), 2017-2021
3.    India Thermocouple Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4.    India Thermocouple Historical Market: Breakup by Raw Material (USD Million), 2017-2021
5.    India Thermocouple Market Forecast: Breakup by Raw Material (USD Million), 2022-2027
6.    India Thermocouple Historical Market: Breakup by Sensor Type (USD Million), 2017-2021
7.    India Thermocouple Market Forecast: Breakup by Sensor Type (USD Million), 2022-2027
8.    India Thermocouple Historical Market: Breakup by Application (USD Million), 2017-2021
9.    India Thermocouple Market Forecast: Breakup by Application (USD Million), 2022-2027
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 702 million in 2020.

The global thermocouple market is projected to grow at a CAGR of 3.5% between 2021 and 2026.

The major industry drivers include the growing manufacturing sector, favourable government schemes, strong demand from steel industry, growing automotive industry, rising market for e-vehicles, and rising oil and gas sector.

Key trends like rising infrastructural investments and rapid urbanisation are driving market growth.

Type K, Type J, and Type R, among others are the different product types in the market.

The raw materials include nickel, iron, copper, or platinum, among others.

By sensor type, the industry is bifurcated into contact type and non-contact type.

The automotive sector is the dominant application of the industry.

The major players in the industry 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 702 million in 2020,  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 2021-2026, 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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