Market Overview:
The global thermocouple sensor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermocouple sensors in various applications such as steel, chemical industrial, power plant, and building. Additionally, the growing demand for smart sensors is also contributing to the growth of this market. Based on type, the global thermocouple sensor market can be segmented into type K, type J, type S, type R,type B ,type N ,andtype E .Type K sensors are widely used owing to their accuracy and stability across a wide range of temperatures. Type J sensors are used in low-temperature applications while types S and R are used for high-temperature measurements.
Product Definition:
A thermocouple sensor is a device that measures the temperature of a material. It consists of two metal wires that are joined at one end. The two wires create a circuit, and when the circuit is closed, an electric current flows through it. This current creates a voltage that can be measured by a device called a voltmeter.
Type K:
Type K is a two-wire type that consists of platinum and ruthenium. It measures ambient temperature differences with high accuracy and linearity over a wide range of temperatures. The sensor’s operating principle is based on quantum mechanics, which explains the dependence of its resistance on temperature.
Type J:
Type J is a special type of thermocouple used in sensors. It has two different types of leads, one is positive and other negative. These are used to measure temperature differences between two points which can be done manually or automatically.
These devices have wide applications in measuring the speed of processors, hard drive speeds, car engines and many more processes that require high accuracy in temperature measurement.
Application Insights:
The steel industry was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The thermocouple sensors are used for monitoring and controlling various processes such as charging, cooling, quenching, normalizing & tempering of steel. These devices help improve process control by providing real-time temperature data during processing operations.
The chemical industry is anticipated to be one of the fastest growing application segments over the forecast period owing to increasing demand for industrial chemicals across various end-use industries worldwide. Chemical industries use thermocouples for a variety of applications including distillation column bottoms heaters, reboilers, feedwater heating units along with other processes such as sulfuric acid production and caustic soda manufacturing from phosphoric acid and sodium hydroxide respectively.
Regional Analysis:
North America dominated the global thermocouple sensor market in 2017. The U.S., in particular, is one of the largest consumers of industrial sensors owing to its well-established manufacturing sector and high demand for energy production from renewable sources. Europe accounted for a significant share of revenue generation in 2017 due to the presence of major players such as Honeywell International Inc.; Yokogawa Corporation; andtemperature Sensors BV with their extensive product portfolio including sensors, controllers & monitoring systems (CMS), software, and accessories.
Growth Factors:
- Increasing demand from end-use industries: The global thermocouple sensor market is witnessing a significant growth due to the increasing demand from various end-use industries such as automotive, aerospace & defense, oil & gas, and others.
- Rising technological advancements: The market is also propelled by the rising technological advancements in the field of thermocouple sensors that are helping to improve their accuracy and performance.
- Growing awareness about energy efficiency: There is a growing awareness among consumers about energy efficiency which is resulting in an increase in the adoption of thermocouple sensors for efficient thermal management across various applications.
- Rising investments in R&D activities: Key players operating in this market are investing heavily in R&D activities to develop innovative products and technologies that can cater to the changing needs of consumers. This is expected to boost the growth of this market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermocouple Sensor Market Research Report
By Type
Type K, Type J, Type S, Type R, Type B, Type N, Type E, Type T
By Application
Steel, Chemical Industrial, Power Plant, Building
By Companies
Omega, Durex Industries, Wika, Holykell, Jalc Trading, Te ConNectivity, Amphenol, Sor Controls, Tc Ltd, Chromalox, Campbell Scientific
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Thermocouple Sensor Market Report Segments:
The global Thermocouple Sensor market is segmented on the basis of:
Types
Type K, Type J, Type S, Type R, Type B, Type N, Type E, Type T
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
Steel, Chemical Industrial, Power Plant, Building
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:
- Omega
- Durex Industries
- Wika
- Holykell
- Jalc Trading
- Te ConNectivity
- Amphenol
- Sor Controls
- Tc Ltd
- Chromalox
- Campbell Scientific
Highlights of The Thermocouple Sensor 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:
- Type K
- Type J
- Type S
- Type R
- Type B
- Type N
- Type E
- Type T
- By Application:
- Steel
- Chemical Industrial
- Power Plant
- Building
- 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 Sensor 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 thermocouple sensor is a device that measures the temperature of an object. Thermocouple sensors are often used in industrial applications to monitor the temperature of objects such as engines, boilers, and heat exchangers.
Some of the key players operating in the thermocouple sensor market are Omega, Durex Industries, Wika, Holykell, Jalc Trading, Te Con​​Nectivity, Amphenol, Sor Controls, Tc Ltd, Chromalox, Campbell Scientific.
The thermocouple sensor 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 Sensor 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 Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermocouple Sensor 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 Sensor 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 Sensor Market Size & Forecast, 2020-2028
4.5.1 Thermocouple Sensor Market Size and Y-o-Y Growth
4.5.2 Thermocouple Sensor 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 Type K
5.2.2 Type J
5.2.3 Type S
5.2.4 Type R
5.2.5 Type B
5.2.6 Type N
5.2.7 Type E
5.2.8 Type T
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 Steel
6.2.2 Chemical Industrial
6.2.3 Power Plant
6.2.4 Building
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermocouple Sensor 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 Sensor 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 Type K
9.6.2 Type J
9.6.3 Type S
9.6.4 Type R
9.6.5 Type B
9.6.6 Type N
9.6.7 Type E
9.6.8 Type T
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 Steel
9.10.2 Chemical Industrial
9.10.3 Power Plant
9.10.4 Building
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 Type K
10.6.2 Type J
10.6.3 Type S
10.6.4 Type R
10.6.5 Type B
10.6.6 Type N
10.6.7 Type E
10.6.8 Type T
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 Steel
10.10.2 Chemical Industrial
10.10.3 Power Plant
10.10.4 Building
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 Type K
11.6.2 Type J
11.6.3 Type S
11.6.4 Type R
11.6.5 Type B
11.6.6 Type N
11.6.7 Type E
11.6.8 Type T
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 Steel
11.10.2 Chemical Industrial
11.10.3 Power Plant
11.10.4 Building
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 Type K
12.6.2 Type J
12.6.3 Type S
12.6.4 Type R
12.6.5 Type B
12.6.6 Type N
12.6.7 Type E
12.6.8 Type T
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 Steel
12.10.2 Chemical Industrial
12.10.3 Power Plant
12.10.4 Building
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 Type K
13.6.2 Type J
13.6.3 Type S
13.6.4 Type R
13.6.5 Type B
13.6.6 Type N
13.6.7 Type E
13.6.8 Type T
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 Steel
13.10.2 Chemical Industrial
13.10.3 Power Plant
13.10.4 Building
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 Sensor Market: Competitive Dashboard
14.2 Global Thermocouple Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omega
14.3.2 Durex Industries
14.3.3 Wika
14.3.4 Holykell
14.3.5 Jalc Trading
14.3.6 Te ConNectivity
14.3.7 Amphenol
14.3.8 Sor Controls
14.3.9 Tc Ltd
14.3.10 Chromalox
14.3.11 Campbell Scientific
