Market Overview:
The global precious metal thermocouple 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 steel, glass, semiconductor, pharmaceutical and power applications across the globe. In addition, rising investments in research and development activities for new product launches is also anticipated to fuel the growth of this market over the forecast period. Based on type, the global precious metal thermocouple market is segmented into r-type, s-type and b-type thermocouples. Among these types, r-type thermocouples are expected to witness highest growth during the forecast period owing to their wide usage in various end user industries such as steel production plants and glass manufacturing units. By application, steel accounts for majority share of revenue generated in this market followed by glass application segments respectively.
Product Definition:
A thermocouple is a device consisting of two dissimilar metal wires joined at one end. When the junction between the two metals is heated or cooled, an electric current flows through the wire. The magnitude of this current depends on the temperature difference between the junction and the other end of the wire.
R Type:
R type is a thermocouple used for temperature measurement in the range of -55 to +300oC. It consists of two wires, one is connected to the heat source and other is attached to the measuring device or sensor. The most commonly used sensors are RTD (Remote Type Detection) and TMP (Temperature Measurement Platform).
S Type:
S type is a thermocouple used for measuring temperature in the range of -55 to +300°C with an accuracy of 1% or better. It consists of two wires, one is connected to the heat source and other is attached to the sample under test. The resistance between these two wires provides an indication about the temperature.
Application Insights:
The steel application segment led the global precious metal thermocouple market in 2017. The growth of this segment can be attributed to increasing demand for steel from various industries such as construction, automotive, and packaging. In addition, growing infrastructure spending in emerging economies is expected to drive the demand for metals over the forecast period. This trend is projected to benefit precious metal thermocouples over the next seven years.
The glass industry has been one of the leading consumers of PTM products due largely to its dependence on precise temperature control during its manufacturing process. Moreover, rising use of tempered glass across multiple end-use industries including architectural glazing and automotive windshields are anticipated fuel product demand over next seven years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing industrialization and rapid economic growth in countries such as China, India, Japan, and South Korea. In addition, rising demand for electronic products such as smartphones and laptops is also anticipated to propel industry expansion over the next eight years.
The European market was valued at USD X million in 2017 owing to high consumption of precious metals for manufacturing thermocouples used across a wide range of industries including power generation & distribution (28%), aerospace & defense (26%) and others (22%). Germany accounted for a major share due to high production volume of precision tools by jewelers using precious metal thermocouples that require accurate temperature measurement under harsh environmental conditions.
Growth Factors:
- Increasing demand from the end-use industries such as automotive, aerospace, and energy sectors
- Growing popularity of platinum thermocouples owing to their high accuracy and stability
- Rising investments in research and development activities for the development of new applications of thermocouples
- Technological advancements in the manufacturing process of thermocouples that is resulting in improved performance characteristics
- Growing demand for miniaturized thermocouple assemblies for use in portable devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Precious Metal Thermocouple Market Research Report
By Type
R Type, S Type, B Type
By Application
Steel, Glass, Semiconductor, Pharmaceutical, Power, Others
By Companies
Honeywell, Durex Industries, Cleveland Electric Laboratories, Tanaka, CCPI, Yamari, Omega, JUMO, Watlow, Chongqing Dazhi
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Precious Metal Thermocouple Market Report Segments:
The global Precious Metal Thermocouple market is segmented on the basis of:
Types
R Type, S Type, B 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
Steel, Glass, Semiconductor, Pharmaceutical, Power, 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:
- Honeywell
- Durex Industries
- Cleveland Electric Laboratories
- Tanaka
- CCPI
- Yamari
- Omega
- JUMO
- Watlow
- Chongqing Dazhi
Highlights of The Precious Metal Thermocouple 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:
- R Type
- S Type
- B Type
- By Application:
- Steel
- Glass
- Semiconductor
- Pharmaceutical
- Power
- 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 Precious Metal Thermocouple 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 precious metal thermocouple is a type of thermocouple that uses a precious metal as the heat-sensing element. Precious metals are often used because they have a high thermal conductivity, meaning they can transfer heat quickly. This makes them ideal for use in temperature sensors and other applications where quick response is important.
Some of the major players in the precious metal thermocouple market are Honeywell, Durex Industries, Cleveland Electric Laboratories, Tanaka, CCPI, Yamari, Omega, JUMO, Watlow, Chongqing Dazhi.
The precious metal thermocouple market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precious Metal Thermocouple 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. Precious Metal Thermocouple Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precious Metal Thermocouple Market - Supply Chain
4.5. Global Precious Metal Thermocouple Market Forecast
4.5.1. Precious Metal Thermocouple Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precious Metal Thermocouple Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precious Metal Thermocouple Market Absolute $ Opportunity
5. Global Precious Metal Thermocouple 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. Precious Metal Thermocouple Market Size and Volume Forecast by Type
5.3.1. R Type
5.3.2. S Type
5.3.3. B Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precious Metal Thermocouple 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. Precious Metal Thermocouple Market Size and Volume Forecast by Application
6.3.1. Steel
6.3.2. Glass
6.3.3. Semiconductor
6.3.4. Pharmaceutical
6.3.5. Power
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precious Metal Thermocouple 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. Precious Metal Thermocouple 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 Precious Metal Thermocouple 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. Precious Metal Thermocouple 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 Precious Metal Thermocouple Demand Share Forecast, 2019-2026
9. North America Precious Metal Thermocouple 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 Precious Metal Thermocouple 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 Precious Metal Thermocouple Market Size and Volume Forecast by Application
9.4.1. Steel
9.4.2. Glass
9.4.3. Semiconductor
9.4.4. Pharmaceutical
9.4.5. Power
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precious Metal Thermocouple Market Size and Volume Forecast by Type
9.7.1. R Type
9.7.2. S Type
9.7.3. B 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 Precious Metal Thermocouple Demand Share Forecast, 2019-2026
10. Latin America Precious Metal Thermocouple 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 Precious Metal Thermocouple 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 Precious Metal Thermocouple Market Size and Volume Forecast by Application
10.4.1. Steel
10.4.2. Glass
10.4.3. Semiconductor
10.4.4. Pharmaceutical
10.4.5. Power
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precious Metal Thermocouple Market Size and Volume Forecast by Type
10.7.1. R Type
10.7.2. S Type
10.7.3. B 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 Precious Metal Thermocouple Demand Share Forecast, 2019-2026
11. Europe Precious Metal Thermocouple 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 Precious Metal Thermocouple 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 Precious Metal Thermocouple Market Size and Volume Forecast by Application
11.4.1. Steel
11.4.2. Glass
11.4.3. Semiconductor
11.4.4. Pharmaceutical
11.4.5. Power
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precious Metal Thermocouple Market Size and Volume Forecast by Type
11.7.1. R Type
11.7.2. S Type
11.7.3. B 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 Precious Metal Thermocouple Demand Share, 2019-2026
12. Asia Pacific Precious Metal Thermocouple 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 Precious Metal Thermocouple 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 Precious Metal Thermocouple Market Size and Volume Forecast by Application
12.4.1. Steel
12.4.2. Glass
12.4.3. Semiconductor
12.4.4. Pharmaceutical
12.4.5. Power
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precious Metal Thermocouple Market Size and Volume Forecast by Type
12.7.1. R Type
12.7.2. S Type
12.7.3. B 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 Precious Metal Thermocouple Demand Share, 2019-2026
13. Middle East & Africa Precious Metal Thermocouple 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 Precious Metal Thermocouple 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 Precious Metal Thermocouple Market Size and Volume Forecast by Application
13.4.1. Steel
13.4.2. Glass
13.4.3. Semiconductor
13.4.4. Pharmaceutical
13.4.5. Power
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precious Metal Thermocouple Market Size and Volume Forecast by Type
13.7.1. R Type
13.7.2. S Type
13.7.3. B 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 Precious Metal Thermocouple Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Precious Metal Thermocouple Market: Market Share Analysis
14.2. Precious Metal Thermocouple Distributors and Customers
14.3. Precious Metal Thermocouple Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Durex Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cleveland Electric Laboratories
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tanaka
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CCPI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yamari
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Omega
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JUMO
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Watlow
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chongqing Dazhi
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
