Market Overview:
The global probe temperature transmitter 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 probe temperature transmitters in various industries such as food and beverages, chemical, metal and mining, pharmaceuticals, and manufacturing. Additionally, the growing demand for smart probes is also contributing to the growth of this market.
Product Definition:
A probe temperature transmitter is a device used to measure the temperature of a specific point or object and then send that information to another device. This information can be used to help regulate things like the temperature of an oven, for example.
Resistance Temperature Detector:
Resistance temperature detector (RTD) is a device used to measure the temperature of an object. It works on the principle of resistance change owing to varying temperatures. Rtds are available in two forms, fixed-temperature and self-contained type. The most commonly used Rtd is that which has a range from room temperature to 1000°C or 800°C with an accuracy of 1% up to 500 degrees Celsius.
Thermistor:
A thermistor is a temperature-sensitive resistive material, most commonly used as a sensor in electronic devices. It can be used to measure temperature across various ranges from room temperature to the highest operating temperatures. Thermistors are available in different forms such as Wien's law type, NTC (negative thermal coefficient), and PTC (positive thermal coefficient).
Application Insights:
The manufacturing application segment led the global probe temperature transmitter market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to factors such as an increase in industrial production, particularly in emerging economies including China, India, Brazil and South Korea. This factor is anticipated to drive demand for RTDs with high accuracy that are used for process control applications across various industries worldwide.
The food & beverage sector accounted for more than 15% share of the global revenue in 2017 owing to increasing demand from commercial food processors and distilleries across all major regions including North America, Europe and Asia Pacific. Probe-based RTD sensors offer higher resolution compared with other types of RTDs which results into enhanced monitoring capabilities along with improved accuracy during processing operations at multiple levels within a plant; this factor is expected to fuel industry expansion over the coming years as well.
Regional Analysis:
The Europe market is anticipated to witness a CAGR of XX% over the forecast period, owing to the presence of stringent government regulations pertaining to temperature monitoring in various industries. The chemical and manufacturing industry is expected to be key driver for growth in this region.
The Asia Pacific was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 due high economic development along with rapid industrialization.
In terms of revenue share held by developed economies such as U.S.
Growth Factors:
- Increasing demand from the process industries for accurate and reliable temperature measurement
- Growing popularity of smart sensors and wireless technology in temperature sensing applications
- Proliferation of Internet of Things (IoT) and big data analytics across various industry verticals
- Rising concerns over energy wastage in industrial processes and the need for efficient thermal management solutions
- Growing demand for probe temperature transmitters from emerging markets such as China, India, Brazil, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Probe Temperature Transmitter Market Research Report
By Type
Resistance Temperature Detector, Thermistor, Thermocouple
By Application
Food and Beverages, Chemical, Metal and Mining, Pharmaceutical, Manufacturing
By Companies
ABB, Ascon Tecnologic, Siemens, KROHNE Group, WIKA, Yokogawa, Fuji Electric, Sauermann Group, Endress+Hauser, OMEGA, Watlow, GHM Group
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Probe Temperature Transmitter Market Report Segments:
The global Probe Temperature Transmitter market is segmented on the basis of:
Types
Resistance Temperature Detector, Thermistor, Thermocouple
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
Food and Beverages, Chemical, Metal and Mining, Pharmaceutical, Manufacturing
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:
- ABB
- Ascon Tecnologic
- Siemens
- KROHNE Group
- WIKA
- Yokogawa
- Fuji Electric
- Sauermann Group
- Endress+Hauser
- OMEGA
- Watlow
- GHM Group
Highlights of The Probe Temperature Transmitter 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:
- Resistance Temperature Detector
- Thermistor
- Thermocouple
- By Application:
- Food and Beverages
- Chemical
- Metal and Mining
- Pharmaceutical
- Manufacturing
- 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 Probe Temperature Transmitter 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?
A Probe Temperature Transmitter is a device that transmits temperature readings from a probe to an external device.
Some of the major companies in the probe temperature transmitter market are ABB, Ascon Tecnologic, Siemens, KROHNE Group, WIKA, Yokogawa, Fuji Electric, Sauermann Group, Endress+Hauser, OMEGA, Watlow, GHM Group.
The probe temperature transmitter 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 Probe Temperature Transmitter 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 Probe Temperature Transmitter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Probe Temperature Transmitter 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 Probe Temperature Transmitter 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 Probe Temperature Transmitter Market Size & Forecast, 2020-2028
4.5.1 Probe Temperature Transmitter Market Size and Y-o-Y Growth
4.5.2 Probe Temperature Transmitter Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Resistance Temperature Detector
5.2.2 Thermistor
5.2.3 Thermocouple
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Chemical
6.2.3 Metal and Mining
6.2.4 Pharmaceutical
6.2.5 Manufacturing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Probe Temperature Transmitter 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 Probe Temperature Transmitter 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Resistance Temperature Detector
9.6.2 Thermistor
9.6.3 Thermocouple
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 Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Chemical
9.10.3 Metal and Mining
9.10.4 Pharmaceutical
9.10.5 Manufacturing
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Resistance Temperature Detector
10.6.2 Thermistor
10.6.3 Thermocouple
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 Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Chemical
10.10.3 Metal and Mining
10.10.4 Pharmaceutical
10.10.5 Manufacturing
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Resistance Temperature Detector
11.6.2 Thermistor
11.6.3 Thermocouple
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 Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Chemical
11.10.3 Metal and Mining
11.10.4 Pharmaceutical
11.10.5 Manufacturing
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Resistance Temperature Detector
12.6.2 Thermistor
12.6.3 Thermocouple
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 Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Chemical
12.10.3 Metal and Mining
12.10.4 Pharmaceutical
12.10.5 Manufacturing
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Resistance Temperature Detector
13.6.2 Thermistor
13.6.3 Thermocouple
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) Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Chemical
13.10.3 Metal and Mining
13.10.4 Pharmaceutical
13.10.5 Manufacturing
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 Probe Temperature Transmitter Market: Competitive Dashboard
14.2 Global Probe Temperature Transmitter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Ascon Tecnologic
14.3.3 Siemens
14.3.4 KROHNE Group
14.3.5 WIKA
14.3.6 Yokogawa
14.3.7 Fuji Electric
14.3.8 Sauermann Group
14.3.9 Endress+Hauser
14.3.10 OMEGA
14.3.11 Watlow
14.3.12 GHM Group
