Market Overview:
The global socket weld 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 socket weld thermowells in various industries such as chemical industry, process technology, apparatus construction, and other industries. In addition, the growing demand for socket weld thermowells in emerging countries is also contributing to the growth of this market. Based on type, the global Socket Weld Thermowell Market can be segmented into Socket Weld Tapered Thermowell, Socket Weld Straight Thermowell and Socket Weld Stepped Thermowell.
Product Definition:
Socket weld thermowells are a type of temperature sensor that is inserted into a pipe to measure the temperature of the fluid flowing through the pipe. Socket weld thermowells have a threaded end that screws into a socket on the end of a Temperature Transmitter. The other end of the thermowell has an internal diameter that is greater than the diameter of the pipe, so that it can be slipped over and clamped to one or more pipes.
Socket Weld Tapered:
Tapered or t-weld is a type of welding process that uses a narrow beam to weld at the base of the weld pool and produces less heat than other types of welding processes. The process was developed in Sweden by Ingvar Carlsson in 1932, who patented his method under the name “Weld-Ply”.
Socket Weld Straight:
The straight is a type of filler metal used in welding applications. It has high electrical resistance and low thermal conductivity, which makes it an ideal material for use in welding applications. The product can be purchased as a single or multi-piece welded set that includes the necessary spooling wire along with the welder's supply of appropriate size electrodes for various types of equipment.
Application Insights:
The chemical industry accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth of this application segment can be attributed to increasing demand for pipes, valves, fittings & flanges from various industries such as oil & gas, petrochemical, power generation and pharmaceuticals.
Socket weld thermowells are widely used in process technology applications owing to their ability to withstand high pressure without any damage or wear. These products are also used in apparatus construction where a high level of durability is required along with easy installation procedures. Other applications include transportation systems (roadways), heavy equipment (tractors) and machinery components among others which contribute towards significant demand globally socket weld thermowells market by application type.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for energy, coupled with growing investments in infrastructure projects. Moreover, rising awareness regarding socket weld thermowell is expected to drive the market over the forecast period.
Asia Pacific is anticipated to witness significant growth over a projected period owing to rapid industrialization and expanding chemical industry base in China and India. In addition, rising construction activities due to population expansion are also expected boost product demand across Asia Pacific during the forecast period.
The Middle East & Africa region is likely to exhibit high growth rate during 2018-2030 as countries including Saudi Arabia.
Growth Factors:
- Increasing demand from the oil & gas industry for thermowells as a reliable and efficient way to measure and control temperatures in pipelines, vessels, and other process equipment
- Growing popularity of socket weld thermowells in Asia Pacific due to the increasing number of industrial projects in the region
- Proliferation of smart factories that use advanced sensors and controls to optimize production processes, which is driving demand for thermowell products with better performance characteristics
- Rapid expansion of renewable energy sources such as solar and wind power, which is creating new opportunities for thermowell manufacturers that can provide specialized products for these applications
- Advances in 3D printing technology that are making it easier and more affordable to produce customized thermowell designs, leading to increased adoption by original equipment manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Socket Weld Thermowells Market Research Report
By Type
Socket Weld Tapered, Socket Weld Straight, Socket Weld Stepped
By Application
Chemical Industry, Process Technology, Apparatus Construction, Other Industries
By Companies
Ashcroft, WIKA Instrument, REOTEMP, Mac-Weld Machining, Weksler Glass Thermometer, Omicron Sensing, ...
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Socket Weld Thermowells Market Report Segments:
The global Socket Weld Thermowells market is segmented on the basis of:
Types
Socket Weld Tapered, Socket Weld Straight, Socket Weld Stepped
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, Other Industries
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:
- Ashcroft
- WIKA Instrument
- REOTEMP
- Mac-Weld Machining
- Weksler Glass Thermometer
- Omicron Sensing
- ...
Highlights of The Socket Weld 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:
- Socket Weld Tapered
- Socket Weld Straight
- Socket Weld Stepped
- By Application:
- Chemical Industry
- Process Technology
- Apparatus Construction
- Other Industries
- 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 Socket Weld 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?
Socket Weld Thermowells are a type of welders torch that use a gas-fired burner to heat the metal. This allows you to weld at high temperatures, which is great for welding difficult materials like stainless steel.
Some of the major companies in the socket weld thermowells market are Ashcroft, WIKA Instrument, REOTEMP, Mac-Weld Machining, Weksler Glass Thermometer, Omicron Sensing.
The socket weld thermowells market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Socket Weld 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. Socket Weld Thermowells Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Socket Weld Thermowells Market - Supply Chain
4.5. Global Socket Weld Thermowells Market Forecast
4.5.1. Socket Weld Thermowells Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Socket Weld Thermowells Market Size (000 Units) and Y-o-Y Growth
4.5.3. Socket Weld Thermowells Market Absolute $ Opportunity
5. Global Socket Weld 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. Socket Weld Thermowells Market Size and Volume Forecast by Type
5.3.1. Socket Weld Tapered
5.3.2. Socket Weld Straight
5.3.3. Socket Weld Stepped
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Socket Weld 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. Socket Weld 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. Other Industries
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Socket Weld 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. Socket Weld 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 Socket Weld 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. Socket Weld 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 Socket Weld Thermowells Demand Share Forecast, 2019-2029
9. North America Socket Weld 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 Socket Weld 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 Socket Weld 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. Other Industries
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Socket Weld Thermowells Market Size and Volume Forecast by Type
9.7.1. Socket Weld Tapered
9.7.2. Socket Weld Straight
9.7.3. Socket Weld Stepped
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 Socket Weld Thermowells Demand Share Forecast, 2019-2029
10. Latin America Socket Weld 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 Socket Weld 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 Socket Weld 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. Other Industries
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Socket Weld Thermowells Market Size and Volume Forecast by Type
10.7.1. Socket Weld Tapered
10.7.2. Socket Weld Straight
10.7.3. Socket Weld Stepped
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 Socket Weld Thermowells Demand Share Forecast, 2019-2029
11. Europe Socket Weld 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 Socket Weld 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 Socket Weld 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. Other Industries
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Socket Weld Thermowells Market Size and Volume Forecast by Type
11.7.1. Socket Weld Tapered
11.7.2. Socket Weld Straight
11.7.3. Scket Weld Stepped
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 Socket Weld Thermowells Demand Share, 2019-2029
12. Asia Pacific Socket Weld 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 Socket Weld 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 Socket Weld 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. Other Industries
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Socket Weld Thermowells Market Size and Volume Forecast by Type
12.7.1. Socket Weld Tapered
12.7.2. Socket Weld Straight
12.7.3. Socket Weld Stepped
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 Socket Weld Thermowells Demand Share, 2019-2029
13. Middle East & Africa Socket Weld 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 Socket Weld 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 Socket Weld 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. Other Industries
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Socket Weld Thermowells Market Size and Volume Forecast by Type
13.7.1. Socket Weld Tapered
13.7.2. Socket Weld Straight
13.7.3. Socket Weld Stepped
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 Socket Weld Thermowells Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Socket Weld Thermowells Market: Market Share Analysis
14.2. Socket Weld Thermowells Distributors and Customers
14.3. Socket Weld Thermowells Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ashcroft
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. WIKA Instrument
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. REOTEMP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mac-Weld Machining
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Weksler Glass Thermometer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Omicron Sensing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ...
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
