Market Overview:
The global multipoint thermocouple 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 multipoint thermocouples in oil & gas, chemical, and industrial applications. Additionally, the growing demand for multipoint thermocouples from emerging economies such as Asia Pacific and Latin America is also contributing to the growth of this market. Based on type, the global multipoint thermocouple market can be segmented into with thermowell and without thermowell segments. The with Thermowell segment is expected to grow at a higher CAGR than the without Thermowell segment during the forecast period from 2018 to 2030.
Product Definition:
A Multipoint Thermocouple is a temperature sensor made up of two dissimilar metals joined at several points. A voltage is created when the two metals are at different temperatures, and this voltage can be used to measure the temperature difference between the points. Multipoint thermocouples are often used in industrial applications where accurate temperature measurements are critical.
With Thermowell:
With thermowell, it's a probe that is inserted into the liquid where two metal wires are exposed. One of the metal wire is connected to an electronic device and other end of the probe is heated and can be used for measuring temperature. With multipoint thermocouple, there are more than two probes in one instrument which allows measurement of different temperatures with single equipment.
Without Thermowell:
The without thermowell is a device used to measure the temperature of liquid or gas in which the probe is inserted. It consists of two metal plates joined by a flexible diaphragm and suspended in a fluid. The movement of the diaphragm generates an electrical signal that can be measured by electronic equipment.
1) It eliminates errors due to thermal expansion, contraction,.
Application Insights:
The global multipoint thermocouple market has been segmented on the basis of application into oil & gas, chemical, industrial and others. The oil & gas sector dominated the overall industry in terms of revenue in 2016. This is attributed to rising demand for temperature-sensitive products such as flow meters and pressure sensors from this sector.
The growing importance of accurate measurement devices in the exploration and production processes coupled with an increasing number of projects across various regions is expected to drive product demand over the forecast period. In addition, factors such as a rise in shale gas exploration activities across North America are likely to positively impact industry growth over the next eight years.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% during the forecast period owing to rising demand for energy and industrialization in emerging economies such as China, India, and Japan. The growing chemical industry in APAC is also expected to drive the market growth over the forecast period.
The Middle East & Africa (MEA) region accounted for a significant share in 2016 owing to increasing oil & gas exploration activities coupled with large reserves of petroleum products present across countries such as Saudi Arabia and Kuwait.
North America was one of prominent regions that contributed towards revenue generation by exhibiting high demand from end-use industries such as oil & gas, petrochemical, manufacturing etc.). The U.S.
Growth Factors:
- Increasing demand from the end-use industries such as automotive, aerospace, and defense
- Growing popularity of multipoint thermocouple in metalworking and other manufacturing processes
- Rising demand for temperature sensors in oil & gas and power generation industries
- Technological advancements in multipoint thermocouple technology
- Growing awareness about the benefits of multipoint thermocouple among industrialists and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Multipoint Thermocouple Market Research Report
By Type
With Thermowell, Without Thermowell
By Application
Oil & Gas, Chemical, Industrial, Others
By Companies
Endress+Hauser Group, Emerson, ABB, Thermo Electra, WIKA, Thermal Detection, Peak Sensors, Lapp Automaatio, Reotemp, Watlow Electric Company, Aircom
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Multipoint Thermocouple Market Report Segments:
The global Multipoint Thermocouple market is segmented on the basis of:
Types
With Thermowell, Without Thermowell
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
Oil & Gas, Chemical, Industrial, Others
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:
- Endress+Hauser Group
- Emerson
- ABB
- Thermo Electra
- WIKA
- Thermal Detection
- Peak Sensors
- Lapp Automaatio
- Reotemp
- Watlow Electric Company
- Aircom
Highlights of The Multipoint Thermocouple 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:
- With Thermowell
- Without Thermowell
- By Application:
- Oil & Gas
- Chemical
- Industrial
- Others
- 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 Multipoint Thermocouple 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.
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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?
A multipoint thermocouple is a type of thermocouple that can be used to measure temperature at multiple points. This makes it useful for monitoring the temperature of an object over time, or for measuring the temperature of different parts of an object simultaneously.
Some of the key players operating in the multipoint thermocouple market are Endress+Hauser Group, Emerson, ABB, Thermo Electra, WIKA, Thermal Detection, Peak Sensors, Lapp Automaatio, Reotemp, Watlow Electric Company, Aircom.
The multipoint thermocouple market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multipoint Thermocouple Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multipoint Thermocouple Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multipoint Thermocouple Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multipoint Thermocouple Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multipoint Thermocouple Market Size & Forecast, 2018-2028
4.5.1 Multipoint Thermocouple Market Size and Y-o-Y Growth
4.5.2 Multipoint Thermocouple Market Absolute $ Opportunity
Chapter 5 Global Multipoint Thermocouple Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multipoint Thermocouple Market Size Forecast by Type
5.2.1 With Thermowell
5.2.2 Without Thermowell
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multipoint Thermocouple Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multipoint Thermocouple Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemical
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multipoint Thermocouple Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multipoint Thermocouple Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multipoint Thermocouple Analysis and Forecast
9.1 Introduction
9.2 North America Multipoint Thermocouple Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multipoint Thermocouple Market Size Forecast by Type
9.6.1 With Thermowell
9.6.2 Without Thermowell
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multipoint Thermocouple Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemical
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multipoint Thermocouple Analysis and Forecast
10.1 Introduction
10.2 Europe Multipoint Thermocouple Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multipoint Thermocouple Market Size Forecast by Type
10.6.1 With Thermowell
10.6.2 Without Thermowell
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multipoint Thermocouple Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemical
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multipoint Thermocouple Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multipoint Thermocouple Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multipoint Thermocouple Market Size Forecast by Type
11.6.1 With Thermowell
11.6.2 Without Thermowell
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multipoint Thermocouple Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemical
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multipoint Thermocouple Analysis and Forecast
12.1 Introduction
12.2 Latin America Multipoint Thermocouple Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multipoint Thermocouple Market Size Forecast by Type
12.6.1 With Thermowell
12.6.2 Without Thermowell
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multipoint Thermocouple Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemical
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multipoint Thermocouple Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multipoint Thermocouple Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multipoint Thermocouple Market Size Forecast by Type
13.6.1 With Thermowell
13.6.2 Without Thermowell
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multipoint Thermocouple Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemical
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multipoint Thermocouple Market: Competitive Dashboard
14.2 Global Multipoint Thermocouple Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Endress+Hauser Group
14.3.2 Emerson
14.3.3 ABB
14.3.4 Thermo Electra
14.3.5 WIKA
14.3.6 Thermal Detection
14.3.7 Peak Sensors
14.3.8 Lapp Automaatio
14.3.9 Reotemp
14.3.10 Watlow Electric Company
14.3.11 Aircom
