Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Socket Weld Thermowells Market by Type (Socket Weld Tapered, Socket Weld Straight, Socket Weld Stepped), By Application (Chemical Industry, Process Technology, Apparatus Construction, Other Industries) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Socket Weld Thermowells Market by Type (Socket Weld Tapered, Socket Weld Straight, Socket Weld Stepped), By Application (Chemical Industry, Process Technology, Apparatus Construction, Other Industries) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 138759 3300 Machinery & Equipment 377 237 Pages 4.9 (38)
                                          

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.


Global Socket Weld Thermowells Industry Outlook


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:

  1. Ashcroft
  2. WIKA Instrument
  3. REOTEMP
  4. Mac-Weld Machining
  5. Weksler Glass Thermometer
  6. Omicron Sensing
  7. ...

Global Socket Weld Thermowells Market Overview


Highlights of The Socket Weld Thermowells Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Socket Weld Tapered
    2. Socket Weld Straight
    3. Socket Weld Stepped
  1. By Application:

    1. Chemical Industry
    2. Process Technology
    3. Apparatus Construction
    4. Other Industries
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Socket Weld Thermowells Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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