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Global Thermocouple Market: By Configuration Type; By Raw Material: Nickel, Iron, Copper, Platinum, Others; By Application: Power Generation, Energy, Chemical and Petrochemical, Automotive, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Thermocouple Market Outlook

The global thermocouple market is expected to grow in the forecast period of 2022-2027 at a CAGR of 4.80%.

 

Extensive Applications of Thermocouples in Temperature Sensors is Pushing the Growth of the Market

The growth in the global market for thermocouple can be associated with its growing use as temperature sensors across industry verticals. With advancements in automated technology, a lot of heating systems like furnaces and boilers come equipped with temperature sensors in which thermocouples are an essential component. This is thus pushing the growth of the market. Thermocouples are widely used in industries like the automotive, oil and gas, and power generation, among others due to their low cost, high temperature limits, wide temperature ranges, and durable nature.

 

Global Thermocouple Market

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Thermocouples are deployed in cooking equipment like ovens, warmers, fryers, toasters, and grills, among others to provide consistent temperature readings in order to ensure precise cooking and prevent the food from being overcooked or undercooked. Thus, thermocouples are robustly used in the food and beverage sector and hence invigorating the growth of the market.

 

Thermocouple: Market Segmentation

Thermocouples are electrical devices consisting of two dissimilar electrical conductors forming electrical conjunction to produce temperature-dependent voltage, which is interpreted to measure temperatures.

On the basis of configuration type, the market can be segmented into:

  • Type K
  • Type J
  • Type R
  • Others

Based on raw material, the market can be classified into:

  • Nickel 
  • Iron
  • Copper
  • Platinum
  • Others

The market, based on application, can be divided into:

  • Power Generation
  • Energy
  • Chemical and Petrochemical
  • Automotive
  • Food and Beverage
  • Others

The EMR report looks into the regional markets of thermocouple like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand from the Automotive Industry is Boosting the Market Growth of Thermocouples

The global market for thermocouples is being driven by the rising applications in the automotive industry. Thermocouples are extensively used to measure and record essential readings in automobiles and in automotive parts like spark plugs, cylinder heads, car batteries, and brake discs, among others. This is providing impetus to the market. In addition to this, owing to the development of miniaturisation of intelligent sensor technology, thermocouple temperature sensors are used for safety and precision measurements of the smart automotive equipment and to produce and analyse timely sensor data. As a result, the flourishing automotive industry is furthering the market growth of thermocouples in the global market. Furthermore, the automatic temperature control (ATC) system installed in various electronic vehicles utilises thermocouple sensors for regularly checking and monitoring the heating of the battery to ensure the long life of the device. Hence, these are some of the factors propelling the demand for thermocouples from the automotive industry and furthering the market growth.

 

Key Industry Players in the Global Thermocouple Market

The report presents a detailed analysis of the following key players in the global thermocouple market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd. 
  • Honeywell International Inc. 
  • Maxim Integrated Products, Inc.
  • Temperature Specialists, Inc.
  • Yamari Industries, Limited
  • Tempsens Instrument Pvt. Ltd.
  • S.R.I Electronics
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
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- Configuration Type, Raw Material, Application, Region
Breakup by Configuration Type Type K, Type J, Type R, Others
Breakup by Raw Material Nickel, Iron, Copper, Platinum, Others
Breakup by Application Power Generation, Energy, Chemical and Petrochemical, Automotive, Food and Beverage, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
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 ABB Ltd. (SWX: ABBN), Honeywell International Inc. (NYSE: HON), Maxim Integrated Products, Inc., (NASDAQ: MXIM), Temperature Specialists, Inc., Yamari Industries, Limited, Tempsens Instrument Pvt. Ltd., 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 strive 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    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Thermocouple Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Thermocouple Historical Market (2017-2021) 
    8.3    Global Thermocouple Market Forecast (2022-2027)
    8.4    Global Thermocouple Market by Configuration 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    Global 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    Global Thermocouple Market by Application
        8.6.1    Power Generation
            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    Energy
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Chemical and Petrochemical
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Automotive
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Food and Beverage
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Others
    8.7    Global Thermocouple Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ABB Ltd. (SWX: ABBN)
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Honeywell International Inc. (NYSE: HON)
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Maxim Integrated Products, Inc., (NASDAQ: MXIM)
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Temperature Specialists, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Yamari Industries, Limited
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Tempsens Instrument Pvt. Ltd.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    S.R.I Electronics
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Detailed Process Flow
    1.2    Operations Involved
    1.3    Mass Balance
2    Project Details and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Layout
    2.4    Plant Machinery
    2.5    Raw Material Requirement
    2.6    Packaging
    2.7    Transportation
    2.8    Utilities
    2.9    Manpower
    2.10    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Thermocouple Market: Key Industry Highlights, 2017 and 2027
2.    Global Thermocouple Historical Market: Breakup by Configuration Type (USD Million), 2017-2021
3.    Global Thermocouple Market Forecast: Breakup by Configuration Type (USD Million), 2022-2027
4.    Global Thermocouple Historical Market: Breakup by Raw Material (USD Million), 2017-2021
5.    Global Thermocouple Market Forecast: Breakup by Raw Material (USD Million), 2022-2027
6.    Global Thermocouple Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Thermocouple Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Thermocouple Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Thermocouple Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Thermocouple Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Thermocouple Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Thermocouple Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Thermocouple Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Thermocouple Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Thermocouple Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Thermocouple Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Thermocouple Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Thermocouple Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Thermocouple Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Thermocouple Market Structure

Key Questions Answered in the Report

The global thermocouple market is projected to grow at a CAGR of 4.80% between 2022 and 2027.

The market is being driven by the robust applications of thermocouples as temperature sensors across varied industry verticals.

The market growth can be defined by the rising demand for thermocouples for different automotive applications.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major configuration types of thermocouple are type K, type J, and type R, among others.

The different raw materials of thermocouple are nickel, iron, copper, and platinum, among others.

The significant applications of thermocouple include power generation, energy, chemical and petrochemical, automotive, and food and beverage, among others.

The major players in the industry 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.

Analyst Review

The global thermocouple market is driven by rising applications of temperature sensors across industry verticals. Aided by the rising demand from the automotive industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.80%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on configuration type, the market can be divided into type K, type J, and type R, among others. On the basis of raw material, the market can be categorised into nickel, iron, copper, and platinum, among others. The market, based on application, can be segmented into power generation, energy, chemical and petrochemical, automotive, and food and beverage, among others. The major regional markets for thermocouple are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.

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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