Market Overview:
The global flanged thermowells market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for flanged thermowells from various end-use industries, such as chemical and petrochemical plants, water and wastewater treatment plants, pharmaceutical and biotech companies, food and beverage manufacturers, and others. In addition, the growing demand for energy-efficient equipment is also contributing to the growth of this market. Based on type, the global flanged thermowell market can be segmented into flanged tapered thermowells, flanged straight thermowellss,,andflanked stepped thermo wells .
Product Definition:
A flanged thermowell is a metal tube that is inserted into a pipe to measure the temperature of fluid flowing through the pipe. The thermowell has a flange on one end that attaches to the pipe, and a threaded portion on the other end that screws into a temperature sensor.
Flanged Tapered Thermowells:
Flanged tapered thermowells are used in various applications such as heat exchangers, condensers, evaporators and pressure vessels. They are manufactured from special materials which have low thermal conductivity to ensure that the temperature of the fluid being cooled or heated is uniform. Flanged tapes can be made from copper & aluminum alloys and other metals including stainless steel & nickel alloys.
Flanged Straight Thermowells:
Flanged straight thermowells are used in the process of measuring temperature. These thermowells have a stem that is flange-like and attached to a flexible hose or cable. The other end of the hose or cable is connected to an instrument capable oftemperature measurement such as a sensor, data loggers, etc.
The basic function of these devices is to allow easy connection between sensors.
Application Insights:
The chemical and petrochemical plants segment dominated the global flanged thermowell market in terms of revenue share in 2017. The growth can be attributed to the rising demand for chemicals across various end-use industries. Chemicals are used in a variety of applications including pharmaceuticals, paints and coatings, lubricants, plastics, adhesives and sealants among others. Flanged tapered or straight depending upon their application requirements are widely used for various processes such as fluid catalytic cracking (FCC), pre-furnace heating, post-furnace cooling as well as other process applications involving high heat transfer rates with low thermal resistance.
Water & wastewater is projected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing urbanization along with industrial development leading to increased need for water treatment facilities globally which will result in higher product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global flanged thermowells market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue owing to high product demand from various end-use industries, such as chemical and petrochemical, water and wastewater treatment, pharmaceuticals & biotechnology.
The presence of large number of manufacturing facilities engaged in producing chemicals coupled with rising government initiatives for promoting domestic production output are some factors anticipated to fuel regional growth over the forecast period. In addition, increasing investments by foreign players is also expected to contribute towards market development during the same period. For instance, In January 2017; Suez Environment has signed an agreement with China Energy Group (CEG) for buying CEG's 50% stake in their joint venture company SUTIEN Water Treatment Co., Ltd located at Hulunbuir city Inner Mongolia autonomous region China for USD X million (USD X million).
Growth Factors:
- Increasing demand from the oil and gas industry for reliable and durable thermowells for high-temperature applications
- Growing popularity of thermal insulation in process industries to improve energy efficiency, which is expected to drive the demand for flanged thermowells
- Proliferation of smart factories that require advanced temperature sensing and control systems, which will boost the adoption of flanged thermowells
- Rising investments in research and development (R&D) activities by manufacturers to develop innovative products that can meet the changing needs of end-users
- Growing awareness about safety issues in industrial plants, which is likely to increase demand for flanged thermowells as a safety measure
Scope Of The Report
Report Attributes
Report Details
Report Title
Flanged Thermowells Market Research Report
By Type
Flanged Tapered Thermowells, Flanged Straight Thermowells, Flanged Stepped Thermowells
By Application
Chemical and Petrochemical Plants, Water and Wastewater, Pharmaceutical and Biotech, Food and Beverage
By Companies
Ashcroft, WIKA Instrument, REOTEMP, Mac-Weld Machining, Nuova Fima, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Flanged Thermowells Market Report Segments:
The global Flanged Thermowells market is segmented on the basis of:
Types
Flanged Tapered Thermowells, Flanged Straight Thermowells, Flanged Stepped Thermowells
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical and Petrochemical Plants, Water and Wastewater, Pharmaceutical and Biotech, Food and Beverage
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ashcroft
- WIKA Instrument
- REOTEMP
- Mac-Weld Machining
- Nuova Fima
- ...
Highlights of The Flanged Thermowells Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flanged Tapered Thermowells
- Flanged Straight Thermowells
- Flanged Stepped Thermowells
- By Application:
- Chemical and Petrochemical Plants
- Water and Wastewater
- Pharmaceutical and Biotech
- Food and Beverage
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flanged Thermowells Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flanged thermowells are a type of water well drill bit that has a flared end. This flare helps the bit grip the formation it is drilling through, making it easier to rotate and create holes in the ground.
Some of the major companies in the flanged thermowells market are Ashcroft, WIKA Instrument, REOTEMP, Mac-Weld Machining, Nuova Fima.
The flanged thermowells market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flanged Thermowells Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flanged Thermowells Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flanged Thermowells Market - Supply Chain
4.5. Global Flanged Thermowells Market Forecast
4.5.1. Flanged Thermowells Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flanged Thermowells Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flanged Thermowells Market Absolute $ Opportunity
5. Global Flanged Thermowells Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flanged Thermowells Market Size and Volume Forecast by Type
5.3.1. Flanged Tapered Thermowells
5.3.2. Flanged Straight Thermowells
5.3.3. Flanged Stepped Thermowells
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flanged Thermowells Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flanged Thermowells Market Size and Volume Forecast by Application
6.3.1. Chemical and Petrochemical Plants
6.3.2. Water and Wastewater
6.3.3. Pharmaceutical and Biotech
6.3.4. Food and Beverage
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flanged Thermowells Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flanged Thermowells Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flanged Thermowells Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flanged Thermowells Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flanged Thermowells Demand Share Forecast, 2019-2029
9. North America Flanged Thermowells Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flanged Thermowells Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flanged Thermowells Market Size and Volume Forecast by Application
9.4.1. Chemical and Petrochemical Plants
9.4.2. Water and Wastewater
9.4.3. Pharmaceutical and Biotech
9.4.4. Food and Beverage
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flanged Thermowells Market Size and Volume Forecast by Type
9.7.1. Flanged Tapered Thermowells
9.7.2. Flanged Straight Thermowells
9.7.3. Flanged Stepped Thermowells
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flanged Thermowells Demand Share Forecast, 2019-2029
10. Latin America Flanged Thermowells Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flanged Thermowells Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flanged Thermowells Market Size and Volume Forecast by Application
10.4.1. Chemical and Petrochemical Plants
10.4.2. Water and Wastewater
10.4.3. Pharmaceutical and Biotech
10.4.4. Food and Beverage
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flanged Thermowells Market Size and Volume Forecast by Type
10.7.1. Flanged Tapered Thermowells
10.7.2. Flanged Straight Thermowells
10.7.3. Flanged Stepped Thermowells
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flanged Thermowells Demand Share Forecast, 2019-2029
11. Europe Flanged Thermowells Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flanged Thermowells Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flanged Thermowells Market Size and Volume Forecast by Application
11.4.1. Chemical and Petrochemical Plants
11.4.2. Water and Wastewater
11.4.3. Pharmaceutical and Biotech
11.4.4. Food and Beverage
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flanged Thermowells Market Size and Volume Forecast by Type
11.7.1. Flanged Tapered Thermowells
11.7.2. Flanged Straight Thermowels
11.7.3. Flanged Stepped Thermowells
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flanged Thermowells Demand Share, 2019-2029
12. Asia Pacific Flanged Thermowells Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flanged Thermowells Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flanged Thermowells Market Size and Volume Forecast by Application
12.4.1. Chemical and Petrochemical Plants
12.4.2. Water and Wastewater
12.4.3. Pharmaceutical and Biotech
12.4.4. Food and Beverage
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flanged Thermowells Market Size and Volume Forecast by Type
12.7.1. Flanged Tapered Thermowells
12.7.2. Flanged Straight Thermowells
12.7.3. Flanged Stepped Thermowells
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flanged Thermowells Demand Share, 2019-2029
13. Middle East & Africa Flanged Thermowells Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flanged Thermowells Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flanged Thermowells Market Size and Volume Forecast by Application
13.4.1. Chemical and Petrochemical Plants
13.4.2. Water and Wastewater
13.4.3. Pharmaceutical and Biotech
13.4.4. Food and Beverage
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flanged Thermowells Market Size and Volume Forecast by Type
13.7.1. Flanged Tapered Thermowells
13.7.2. Flanged Straight Thermowells
13.7.3. Flanged Stepped Thermowells
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flanged Thermowells Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Flanged Thermowells Market: Market Share Analysis
14.2. Flanged Thermowells Distributors and Customers
14.3. Flanged Thermowells Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ashcroft
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. WIKA Instrument
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. REOTEMP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mac-Weld Machining
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nuova Fima
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ...
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
