Market Overview:
The global magnesium oxide insulated thermocouples 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 magnesium oxide insulated thermocouples in various applications such as food & beverages, automotive, power generation, aerospace & defense, pulp & paper, industrial processing and others. Additionally, the growing demand for energy-efficient and high-performance devices is also propelling the growth of this market. However, volatility in prices of raw materials used in manufacturing magnesium oxide insulated thermocouples may restrain the growth of this market to some extent during the forecast period.
Product Definition:
Magnesium oxide insulated thermocouples are used to measure the temperature of molten metals. The insulation prevents the metal from contacting the thermocouple, which would create a short circuit. Magnesium oxide is a good insulator because it is non-conductive and has a high melting point.
Grounded Type:
Grounded type is a device that uses two wires for electrical connection to the metal casing of the thermocouple. The outer casing of the thermocouple has an insulating layer, which prevents direct contact between hot and cold sides. This type of construction provides better thermal stability as compared to non-grounded types.
The growth factor in this market is attributed to growing demand for low maintenance devices with high accuracy.
Ungrounded Type:
Ungrounded type is used in insulated thermocouples for measuring temperature. It consists of two metal wires that are not connected to a protective coating and exposed to the environment. The lower metal wire is usually in contact with the insulation and upper one is attached to an insulated cap or probe. As heat travels through the upper wire, it creates a voltage that can be measured by an electronic device attached to the lower wire.
Application Insights:
The market is segmented by application into food & beverages, automotive, power generation, aerospace & defense, pulp and paper and industrial processing. Magnesium oxide insulated thermocouples are used in various applications including food & beverages (brewery), automotive (heating or cooling systems), power generation (boilers), aerospace & defense (radar systems) among others.
Magnesium oxide insulated thermocouples find their major use in the food industry for monitoring and controlling processes such as fermentation temperature of beer making process or winemaking process among others. The growing beverage industry across the globe is expected to be a key factor driving the demand for magnesium oxide insulated thermocouples over the forecast period.
Automotive sector accounted for more than 20% of global revenue share in 2017 owing to increasing production levels of passenger cars.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to rising demand for magnesium oxide insulated thermocouples in applications such as industrial processing, power generation, and aerospace & defense. In North America, the U.S is expected to witness significant growth over the forecast period owing to increasing use of these products in residential and commercial applications for heating equipment such as furnaces, hot water heaters, boilers among others.
The Asia Pacific Magnesium Oxide Insulated Thermocouple Market is likely to witness rapid growth over the forecast period owing to rising product demand from end-use industries such as automotive and food & beverages especially in developing countries including China.
Growth Factors:
- Increasing demand for magnesium oxide insulated thermocouples from various end-use industries owing to its properties such as high temperature resistance, chemical stability, and low thermal conductivity.
- Growing investments in research and development activities for the enhancement of performance of magnesium oxide insulated thermocouples.
- Rising popularity of magnesium oxide insulated thermocouples due to their ability to provide accurate temperature readings over a wide range of temperatures.
- Technological advancements in the manufacturing process of magnesium oxide insulated thermocouples that is resulting in improved quality and performance characteristics thereof.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Oxide Insulated Thermocouples Market Research Report
By Type
Grounded Type, Ungrounded Type, Exposed Type
By Application
Food & Beverages, Automotive, Power Generation, Aerospace & Defense, Pulp & Paper, Industrial Processing, Others
By Companies
Cleveland Electric Laboratories, OMEGA, Watlow, Marsh Bellofram (TCP), Durex Industries, Chromalox, Pyromation, Honeywell, JUMO, ARi Industries, CCPI Inc., Yamari Industries, C-Temp International, WIKA, Okazaki Manufacturing Company, Convectronics, Furnace Parts LLC, Thermo-Kinetics, CORREGE, Thermo Sensors Corporation, Backer Marathon, GeoCorp Inc., Peak Sensors Ltd, SensorTec Inc.
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Oxide Insulated Thermocouples Market Report Segments:
The global Magnesium Oxide Insulated Thermocouples market is segmented on the basis of:
Types
Grounded Type, Ungrounded Type, Exposed Type
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 & Beverages, Automotive, Power Generation, Aerospace & Defense, Pulp & Paper, Industrial Processing, 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:
- Cleveland Electric Laboratories
- OMEGA
- Watlow
- Marsh Bellofram (TCP)
- Durex Industries
- Chromalox
- Pyromation
- Honeywell
- JUMO
- ARi Industries
- CCPI Inc.
- Yamari Industries
- C-Temp International
- WIKA
- Okazaki Manufacturing Company
- Convectronics
- Furnace Parts LLC
- Thermo-Kinetics
- CORREGE
- Thermo Sensors Corporation
- Backer Marathon
- GeoCorp Inc.
- Peak Sensors Ltd
- SensorTec Inc.
Highlights of The Magnesium Oxide Insulated Thermocouples 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:
- Grounded Type
- Ungrounded Type
- Exposed Type
- By Application:
- Food & Beverages
- Automotive
- Power Generation
- Aerospace & Defense
- Pulp & Paper
- Industrial Processing
- 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 Magnesium Oxide Insulated Thermocouples 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Magnesium oxide insulated thermocouples are a type of electrical insulation that is made from magnesium oxide. Magnesium oxide is a mineral that is found in the earth's crust. It has a high thermal conductivity, which makes it an ideal material for electrical insulation.
Some of the major companies in the magnesium oxide insulated thermocouples market are Cleveland Electric Laboratories, OMEGA, Watlow, Marsh Bellofram (TCP), Durex Industries, Chromalox, Pyromation, Honeywell, JUMO, ARi Industries, CCPI Inc., Yamari Industries, C-Temp International, WIKA, Okazaki Manufacturing Company, Convectronics, Furnace Parts LLC, Thermo-Kinetics, CORREGE, Thermo Sensors Corporation, Backer Marathon, GeoCorp Inc., Peak Sensors Ltd, SensorTec Inc..
The magnesium oxide insulated thermocouples 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. Magnesium Oxide Insulated Thermocouples 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. Magnesium Oxide Insulated Thermocouples Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium Oxide Insulated Thermocouples Market - Supply Chain
4.5. Global Magnesium Oxide Insulated Thermocouples Market Forecast
4.5.1. Magnesium Oxide Insulated Thermocouples Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium Oxide Insulated Thermocouples Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium Oxide Insulated Thermocouples Market Absolute $ Opportunity
5. Global Magnesium Oxide Insulated Thermocouples 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. Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Type
5.3.1. Grounded Type
5.3.2. Ungrounded Type
5.3.3. Exposed Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnesium Oxide Insulated Thermocouples 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. Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Application
6.3.1. Food & Beverages
6.3.2. Automotive
6.3.3. Power Generation
6.3.4. Aerospace & Defense
6.3.5. Pulp & Paper
6.3.6. Industrial Processing
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnesium Oxide Insulated Thermocouples 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. Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples 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. Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples Demand Share Forecast, 2019-2026
9. North America Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Application
9.4.1. Food & Beverages
9.4.2. Automotive
9.4.3. Power Generation
9.4.4. Aerospace & Defense
9.4.5. Pulp & Paper
9.4.6. Industrial Processing
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Type
9.7.1. Grounded Type
9.7.2. Ungrounded Type
9.7.3. Exposed Type
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 Magnesium Oxide Insulated Thermocouples Demand Share Forecast, 2019-2026
10. Latin America Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Application
10.4.1. Food & Beverages
10.4.2. Automotive
10.4.3. Power Generation
10.4.4. Aerospace & Defense
10.4.5. Pulp & Paper
10.4.6. Industrial Processing
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Type
10.7.1. Grounded Type
10.7.2. Ungrounded Type
10.7.3. Exposed Type
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 Magnesium Oxide Insulated Thermocouples Demand Share Forecast, 2019-2026
11. Europe Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Application
11.4.1. Food & Beverages
11.4.2. Automotive
11.4.3. Power Generation
11.4.4. Aerospace & Defense
11.4.5. Pulp & Paper
11.4.6. Industrial Processing
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Type
11.7.1. Grounded Type
11.7.2. Ungrounded Type
11.7.3. Exposed Type
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 Magnesium Oxide Insulated Thermocouples Demand Share, 2019-2026
12. Asia Pacific Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Application
12.4.1. Food & Beverages
12.4.2. Automotive
12.4.3. Power Generation
12.4.4. Aerospace & Defense
12.4.5. Pulp & Paper
12.4.6. Industrial Processing
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Type
12.7.1. Grounded Type
12.7.2. Ungrounded Type
12.7.3. Exposed Type
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 Magnesium Oxide Insulated Thermocouples Demand Share, 2019-2026
13. Middle East & Africa Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples 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 Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Application
13.4.1. Food & Beverages
13.4.2. Automotive
13.4.3. Power Generation
13.4.4. Aerospace & Defense
13.4.5. Pulp & Paper
13.4.6. Industrial Processing
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnesium Oxide Insulated Thermocouples Market Size and Volume Forecast by Type
13.7.1. Grounded Type
13.7.2. Ungrounded Type
13.7.3. Exposed Type
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 Magnesium Oxide Insulated Thermocouples Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnesium Oxide Insulated Thermocouples Market: Market Share Analysis
14.2. Magnesium Oxide Insulated Thermocouples Distributors and Customers
14.3. Magnesium Oxide Insulated Thermocouples Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cleveland Electric Laboratories
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OMEGA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Watlow
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Marsh Bellofram (TCP)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Durex Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chromalox
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Pyromation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Honeywell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JUMO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ARi Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CCPI Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yamari Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. C-Temp International
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. WIKA
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Okazaki Manufacturing Company
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Convectronics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Furnace Parts LLC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Thermo-Kinetics
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CORREGE
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Thermo Sensors Corporation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
