Market Overview:
The global limited space thermowells market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for limited space thermowells in various applications, such as chemical industry, process technology, apparatus construction, and others. In addition, the growing demand for limited space thermowells from emerging economies is also contributing to the growth of this market. On the basis of type, the global limited space thermowell market can be segmented into Limited Space Straight Thermowells (LSS), Limited Space Stepped Thermowells (LSSS), and Limited Space Tapered Thermowell (LST). Among these types, LSS is expected to witness highest growth during the forecast period owing to its properties such as high accuracy and repeatability in temperature measurement. On account of their small size and low installation cost as compared with traditional straight or stepped type thermometers wells; LST are witnessing high adoption in various industrial applications across different regions. Based on application, chemical industry accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period due to increasing use of thermal processing techniques in manufacturing industries across different geographies.
Product Definition:
A limited-space thermowell is a thermowell that occupies a small amount of space in comparison to the size of the object it is measuring. They are often used in applications where there is little room for a traditional thermowell. Limited-space thermowells are important because they allow for temperature measurements to be taken in places where traditional thermowells would not be able to fit.
Limited Space Straight Thermowells:
The limited space straight thermowells are the equipment that are used to transfer materials from one place to another. These devices have a small footprint and can be easily installed in any environment. The market for these products is expected to grow at a significant rate owing to their ability of handling small as well as large volume production with ease.
Limited Space Stepped Thermowells:
The limited space stepped thermowells are used to transfer heat from one place to another in small places. It is mainly used for testing the temperature of products that are difficult to access or put inside a confined space. These devices have various advantages over conventional ones as they can be easily installed and removed, making them highly flexible and portable.
Application Insights:
The limited space tapered thermowell market is expected to witness significant growth over the forecast period. This can be attributed to their increasing use in oil & gas, chemical, petrochemical and pharmaceutical industries. Limited space tapered thermowells are used for applications where a vertical or horizontal tunnel with a narrow opening is required such as process technology, apparatus construction and chemical industry.
In the process technology industry; they are used for cooling water circulation systems of power plants along with recirculation systems of natural gas compression plants along with distillation columns in petroleum refineries among other uses. In the oil & gas industry; they are mainly used in offshore platforms along with onshore facilities such as pipelines among other uses.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for energy-efficient equipment in countries, such as China and India. In addition, rising construction activities due to growing population are likely to boost product demand across this region.
The Middle East & Africa is also anticipated to witness significant growth over the next eight years owing to rapid development in industrial and municipal sectors across countries, such as Saudi Arabia and UAE. Moreover, rising oil & gas exploration activities are projected favorably impact overall industry expansion over this region during the forecast period. ‘’ ‘’ ‘’ ⑔σœ—‘¡—…°ª»© 2013 - 2018 Space Heating Group Ltd.
Growth Factors:
- Increasing demand for limited space thermowells from oil and gas industry for downhole applications
- Growing demand for limited space thermowells in the power generation sector due to the increasing installation of combined cycle plants
- Rising popularity of limited space thermowells in chemical and petrochemical industries owing to benefits such as high accuracy, repeatability, and reliability
- Proliferation of micro-turbines across various industrial sectors as a result of stringent environmental regulations driving the need for energy efficiency
- Technological advancements that have led to the development of smaller diameter limited space thermowells with enhanced performance characteristics
Scope Of The Report
Report Attributes
Report Details
Report Title
Limited Space Thermowells Market Research Report
By Type
Limited Space Straight Thermowells, Limited Space Stepped Thermowells, Limited Space Tapered Thermowells
By Application
Chemical Industry, Process Technology, Apparatus Construction, Others
By Companies
Mac-Weld Machining, Tel-Tru Manufacturing, OMEGA Engineering, Tempsens Instruments, ...
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Limited Space Thermowells Market Report Segments:
The global Limited Space Thermowells market is segmented on the basis of:
Types
Limited Space Straight Thermowells, Limited Space Stepped Thermowells, Limited Space Tapered 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 Industry, Process Technology, Apparatus Construction, 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:
- Mac-Weld Machining
- Tel-Tru Manufacturing
- OMEGA Engineering
- Tempsens Instruments
- ...
Highlights of The Limited Space 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:
- Limited Space Straight Thermowells
- Limited Space Stepped Thermowells
- Limited Space Tapered Thermowells
- By Application:
- Chemical Industry
- Process Technology
- Apparatus Construction
- 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 Limited Space 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?
Thermowells are a type of limited space heating system that use the heat of the natural gas supply to produce warm air. They are typically installed in basements, garages, and other small spaces where there is not enough room for a traditional furnace or boiler.
Some of the major players in the limited space thermowells market are Mac-Weld Machining, Tel-Tru Manufacturing, OMEGA Engineering, Tempsens Instruments.
The limited space thermowells market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Limited Space 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. Limited Space Thermowells Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Limited Space Thermowells Market - Supply Chain
4.5. Global Limited Space Thermowells Market Forecast
4.5.1. Limited Space Thermowells Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Limited Space Thermowells Market Size (000 Units) and Y-o-Y Growth
4.5.3. Limited Space Thermowells Market Absolute $ Opportunity
5. Global Limited Space 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. Limited Space Thermowells Market Size and Volume Forecast by Type
5.3.1. Limited Space Straight Thermowells
5.3.2. Limited Space Stepped Thermowells
5.3.3. Limited Space Tapered Thermowells
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Limited Space 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. Limited Space Thermowells Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Process Technology
6.3.3. Apparatus Construction
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Limited Space 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. Limited Space 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 Limited Space 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. Limited Space 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 Limited Space Thermowells Demand Share Forecast, 2019-2029
9. North America Limited Space 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 Limited Space 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 Limited Space Thermowells Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Process Technology
9.4.3. Apparatus Construction
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Limited Space Thermowells Market Size and Volume Forecast by Type
9.7.1. Limited Space Straight Thermowells
9.7.2. Limited Space Stepped Thermowells
9.7.3. Limited Space Tapered 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 Limited Space Thermowells Demand Share Forecast, 2019-2029
10. Latin America Limited Space 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 Limited Space 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 Limited Space Thermowells Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Process Technology
10.4.3. Apparatus Construction
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Limited Space Thermowells Market Size and Volume Forecast by Type
10.7.1. Limited Space Straight Thermowells
10.7.2. Limited Space Stepped Thermowells
10.7.3. Limited Space Tapered 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 Limited Space Thermowells Demand Share Forecast, 2019-2029
11. Europe Limited Space 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 Limited Space 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 Limited Space Thermowells Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Process Technology
11.4.3. Apparatus Construction
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Limited Space Thermowells Market Size and Volume Forecast by Type
11.7.1. Limited Space Straight Thermowells
11.7.2. Limited Space Steped Thermowells
11.7.3. Limited Space Tapered 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 Limited Space Thermowells Demand Share, 2019-2029
12. Asia Pacific Limited Space 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 Limited Space 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 Limited Space Thermowells Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Process Technology
12.4.3. Apparatus Construction
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Limited Space Thermowells Market Size and Volume Forecast by Type
12.7.1. Limited Space Straight Thermowells
12.7.2. Limited Space Stepped Thermowells
12.7.3. Limited Space Tapered 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 Limited Space Thermowells Demand Share, 2019-2029
13. Middle East & Africa Limited Space 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 Limited Space 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 Limited Space Thermowells Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Process Technology
13.4.3. Apparatus Construction
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Limited Space Thermowells Market Size and Volume Forecast by Type
13.7.1. Limited Space Straight Thermowells
13.7.2. Limited Space Stepped Thermowells
13.7.3. Limited Space Tapered 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 Limited Space Thermowells Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Limited Space Thermowells Market: Market Share Analysis
14.2. Limited Space Thermowells Distributors and Customers
14.3. Limited Space Thermowells Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mac-Weld Machining
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tel-Tru Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OMEGA Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tempsens Instruments
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ...
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
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
