Market Overview:
The global thermocouple alloys 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 thermocouple alloys in various applications, such as petroleum & petrochemicals, power generation, aerospace, semiconductor and high pressure furnace. In addition, the growing demand for miniaturized and lightweight thermocouples is also contributing to the growth of this market.
Product Definition:
Thermocouple alloys are used as the junction material in thermocouples. They must have a low temperature coefficient of resistance, good electrical and thermal conductivity, and be corrosion resistant.
K Type:
The K type is a term used for referring to any of several types of thermocouples, which are made from different materials and have different temperature coefficient. The most commonly used ones are made from tungsten or molybdenum and have the name “K-type” after them. They can be further divided into two main categories: single-crystal thermocouple (SCT) and multi-crystal thermocouple (MCT).
E Type:
The E type is a special alloy of copper and tin. It has low electrical conductivity but high thermal conductivity. The most important property of this material is that it can be used in thermocouples even at very low temperatures (down to -150o C). Such features make it an ideal material for use in the manufacturing process control equipment, which involves high temperature sensors and actuators.
Application Insights:
Petroleum & petrochemicals, power generation, aerospace and semiconductor are the key application areas of the product. In 2017, power generation accounted for a major market share in terms of revenue as well as volume. The segment is expected to witness significant growth over the forecast period owing to rising demand from various end-use industries including automotive and electronics.
The aerospace sector is also anticipated to witness considerable growth over the forecast period on account of increasing passenger traffic coupled with government initiatives such as ¢â‚¬Å“Make in India¢â‚¬ that aims at promoting domestic manufacturing activities across several sectors including defense and energy among others.
In terms of revenue, semiconductors were estimated to be worth USD 1.5 billion in 2017 on account of growing use across multiple applications such as temperature sensors used in refrigerators.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing demand for temperature sensors from various end-use industries such as aerospace and defense, industrial, power generation, automotive and semiconductors. In North America, the U.S government has undertaken initiatives to promote domestic manufacturing capabilities through investments in R&D activities related to thermocouple materials and devices used for temperature sensing applications.
The Asia Pacific is expected to emerge as a lucrative regional market over the forecast period owing to rapid economic development coupled with rising energy demand across emerging economies such as India and China. In addition, favorable government policies aimed at promoting foreign direct investment are also likely play an important role in driving industry expansion over the next eight years (2018 - 2030). Moreover thermo couple alloy raw material availability across Asian countries including Japan is anticipated favorably impact industry expansion over coming years.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and energy sectors
- Growing popularity of thermocouple alloys in high-temperature applications
- Rising investments in research and development activities for the development of new thermocouple alloys
- Technological advancements that have led to the introduction of advanced thermocouple alloys
- Growing demand for miniaturized sensors owing to the increasing adoption of smart technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermocouple Alloys Market Research Report
By Type
K Type, E Type, N Type, J Type, Other Types
By Application
Petroleum & Petrochemicals, Power Generation, Aerospace, Semiconductor, High Pressure Furnace
By Companies
KANTHAL, Isabellenhütte, FURUKAWA, Aperam, Heraeus, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, KANTHAL, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Thermocouple Alloys Market Report Segments:
The global Thermocouple Alloys market is segmented on the basis of:
Types
K Type, E Type, N Type, J Type, Other Types
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
Petroleum & Petrochemicals, Power Generation, Aerospace, Semiconductor, High Pressure Furnace
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:
- KANTHAL
- Isabellenhütte
- FURUKAWA
- Aperam
- Heraeus
- Sedes
- T.R.W
- Xinghuo Special Steel
- Chongqing Chuanyi
- H.X.W
- KANTHAL
- TAIZHOU JINCHUAN ALLOY
- TIANHE THERMOELECTRIC
Highlights of The Thermocouple Alloys 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:
- K Type
- E Type
- N Type
- J Type
- Other Types
- By Application:
- Petroleum & Petrochemicals
- Power Generation
- Aerospace
- Semiconductor
- High Pressure Furnace
- 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 Thermocouple Alloys 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
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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?
Thermocouple alloys are a type of alloy that is used to make thermocouples. Thermocouple alloys are made up of different metals and have a high thermal conductivity. This makes them ideal for making thermometers and other temperature-sensitive devices.
Some of the major players in the thermocouple alloys market are KANTHAL, Isabellenh¼tte, FURUKAWA, Aperam, Heraeus, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, KANTHAL, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC.
The thermocouple alloys market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermocouple Alloys 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 Thermocouple Alloys Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermocouple Alloys 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 Thermocouple Alloys 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 Thermocouple Alloys Market Size & Forecast, 2020-2028
4.5.1 Thermocouple Alloys Market Size and Y-o-Y Growth
4.5.2 Thermocouple Alloys 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 K Type
5.2.2 E Type
5.2.3 N Type
5.2.4 J Type
5.2.5 Other Types
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 Petroleum & Petrochemicals
6.2.2 Power Generation
6.2.3 Aerospace
6.2.4 Semiconductor
6.2.5 High Pressure Furnace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermocouple Alloys 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 Thermocouple Alloys 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 K Type
9.6.2 E Type
9.6.3 N Type
9.6.4 J Type
9.6.5 Other Types
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 Petroleum & Petrochemicals
9.10.2 Power Generation
9.10.3 Aerospace
9.10.4 Semiconductor
9.10.5 High Pressure Furnace
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 K Type
10.6.2 E Type
10.6.3 N Type
10.6.4 J Type
10.6.5 Other Types
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 Petroleum & Petrochemicals
10.10.2 Power Generation
10.10.3 Aerospace
10.10.4 Semiconductor
10.10.5 High Pressure Furnace
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 K Type
11.6.2 E Type
11.6.3 N Type
11.6.4 J Type
11.6.5 Other Types
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 Petroleum & Petrochemicals
11.10.2 Power Generation
11.10.3 Aerospace
11.10.4 Semiconductor
11.10.5 High Pressure Furnace
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 K Type
12.6.2 E Type
12.6.3 N Type
12.6.4 J Type
12.6.5 Other Types
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 Petroleum & Petrochemicals
12.10.2 Power Generation
12.10.3 Aerospace
12.10.4 Semiconductor
12.10.5 High Pressure Furnace
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 K Type
13.6.2 E Type
13.6.3 N Type
13.6.4 J Type
13.6.5 Other Types
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 Petroleum & Petrochemicals
13.10.2 Power Generation
13.10.3 Aerospace
13.10.4 Semiconductor
13.10.5 High Pressure Furnace
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 Thermocouple Alloys Market: Competitive Dashboard
14.2 Global Thermocouple Alloys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KANTHAL
14.3.2 Isabellenhütte
14.3.3 FURUKAWA
14.3.4 Aperam
14.3.5 Heraeus
14.3.6 Sedes
14.3.7 T.R.W
14.3.8 Xinghuo Special Steel
14.3.9 Chongqing Chuanyi
14.3.10 H.X.W
14.3.11 KANTHAL
14.3.12 TAIZHOU JINCHUAN ALLOY
14.3.13 TIANHE THERMOELECTRIC
