Market Overview:
The global thermocouple market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermocouples from various end-use industries, such as petroleum & petrochemicals, power generation, aerospace, semiconductor and high pressure furnace. In addition, technological advancements in the manufacturing of thermocouples are also contributing to the growth of this market. Based on type, K type thermocouples held a major share of the global thermocouple market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their wide acceptance across various industries on account of their accuracy and reliability.
Product Definition:
A thermocouple is a device consisting of two dissimilar metal wires joined at one end, the junction of which produces a voltage proportional to the temperature difference between the two metals. Thermocouples are used for temperature measurements in a wide variety of applications.
K Type:
K type is a specific temperature-sensitive thermocouple used in industrial and scientific applications. It was initially designed for use in the measurement of heat flow, but has since found its application in other fields such as fluid & gas flow, semiconductor chip heating, and biological tissue processing. The market size for K Type is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries including oil & gas, power generation utilities along with growing exploration activities globally.
E Type:
The E type is the most basic and widely used thermocouple. It consists of two wires, one is an insulated copper wire that carries a heat signal and the other is a metal-insulated copper wire that acts as an electrical connection to connect to the device (such as sensor) which gives it power to measure temperature.
Application Insights:
Petroleum & petrochemicals, power generation, aerospace and semiconductor are the key application areas of the global thermocouple market. In 2017, these applications accounted for over 50% of the overall revenue share. The rising importance of thermocouples in petroleum & petrochemicals is expected to drive demand over the forecast period. Thermocouples find wide application scope in power generation plants as well as large industrial complexes for monitoring and controlling processes such as melting process or quenching process in steel making industry respectively. They are used extensively across industries such as oil & gas, food processing etc., which require precise temperature control during various stages of production or processing operations.
The product is widely used by aerospace manufacturers owing to its superior characteristics that include high accuracy along with stability.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing demand for temperature sensors from various end-use industries such as aerospace, automotive, semiconductors and power generation. Moreover, presence of key players such as Honeywell International Inc.; Maxim Integrated Products Inc.; and Furukawa Electric Co., Ltd has also contributed to the large share held by this region.
The Asia Pacific is expected to witness significant growth over the forecast period owing to rising industrialization coupled with expanding application scope in numerous end-use industries including aerospace & defense, semiconductor industry and power generation. Furthermore, favorable government initiatives pertaining towards energy conservation are anticipated to boost thermocouple sales across this region during the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as oil & gas, chemical, and power generation
- Growing popularity of thermocouples in smart thermal management systems
- Rising demand for miniaturized and high-precision thermocouples
- Proliferation of advanced manufacturing technologies (e.g., 3D printing)
- Growing awareness about the benefits of using thermocouples
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermocouple Market Research Report
By Type
K Type, E Type, N Type, J Type, Other Types
By Application
Petroleum & Petrochemicals, Power Generation, Aerospace, Semiconductor, High Pressure Furnace
By Companies
OMEGA, Fluke, Thermometrics Corporation, Minco, Cooper-Atkins, MEAS (USA), Watlow, Smiths Connectors, SKF, Line Seiki, ERCIAT, WIKA, JUMO, Conax, Endress+Hauser, Honeywell, Isabellenhuette, NORITAKE, MEIYOÂ ELECTRIC, Jiangsu Yafei, Jiangsu Thermocouple Factory, BANNA, Anhui Lianchuang, Shenzhen HezoForten, Duchin, TASI, Shenyang Zhongse
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Thermocouple Market Report Segments:
The global Thermocouple market is segmented on the basis of:
Types
K Type, E Type, N Type, J Type, Other Types
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
Petroleum & Petrochemicals, Power Generation, Aerospace, Semiconductor, High Pressure Furnace
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:
- OMEGA
- Fluke
- Thermometrics Corporation
- Minco
- Cooper-Atkins
- MEAS (USA)
- Watlow
- Smiths Connectors
- SKF
- Line Seiki
- ERCIAT
- WIKA
- JUMO
- Conax
- Endress+Hauser
- Honeywell
- Isabellenhuette
- NORITAKE
- MEIYOÂ ELECTRIC
- Jiangsu Yafei
- Jiangsu Thermocouple Factory
- BANNA
- Anhui Lianchuang
- Shenzhen HezoForten
- Duchin
- TASI
- Shenyang Zhongse
Highlights of The 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:
- K Type
- E Type
- N Type
- J Type
- Other Types
- By Application:
- Petroleum & Petrochemicals
- Power Generation
- Aerospace
- Semiconductor
- High Pressure Furnace
- 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 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 thermocouple is a device used to measure the temperature of an object. It consists of two metal wires that are connected at one end to a heat source, such as a flame or an oven, and at the other end to a measuring device. When the temperature difference between the two ends of the thermocouple reaches a certain level, it causes an electrical current to flow through it. This current can be measured and used to determine the temperature of the object being monitored.
Some of the major players in the thermocouple market are OMEGA, Fluke, Thermometrics Corporation, Minco, Cooper-Atkins, MEAS (USA), Watlow, Smiths Connectors, SKF, Line Seiki, ERCIAT, WIKA, JUMO, Conax, Endress+Hauser, Honeywell, Isabellenhuette, NORITAKE, MEIYO‚Â ELECTRIC, Jiangsu Yafei, Jiangsu Thermocouple Factory, BANNA, Anhui Lianchuang, Shenzhen HezoForten, Duchin, TASI, Shenyang Zhongse.
The thermocouple 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. 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. Thermocouple Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermocouple Market - Supply Chain
4.5. Global Thermocouple Market Forecast
4.5.1. Thermocouple Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermocouple Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermocouple Market Absolute $ Opportunity
5. Global 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. Thermocouple Market Size and Volume Forecast by Type
5.3.1. K Type
5.3.2. E Type
5.3.3. N Type
5.3.4. J Type
5.3.5. Other Types
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Thermocouple Market Size and Volume Forecast by Application
6.3.1. Petroleum & Petrochemicals
6.3.2. Power Generation
6.3.3. Aerospace
6.3.4. Semiconductor
6.3.5. High Pressure Furnace
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Thermocouple Demand Share Forecast, 2019-2026
9. North America 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 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 Thermocouple Market Size and Volume Forecast by Application
9.4.1. Petroleum & Petrochemicals
9.4.2. Power Generation
9.4.3. Aerospace
9.4.4. Semiconductor
9.4.5. High Pressure Furnace
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermocouple Market Size and Volume Forecast by Type
9.7.1. K Type
9.7.2. E Type
9.7.3. N Type
9.7.4. J Type
9.7.5. Other Types
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 Thermocouple Demand Share Forecast, 2019-2026
10. Latin America 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 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 Thermocouple Market Size and Volume Forecast by Application
10.4.1. Petroleum & Petrochemicals
10.4.2. Power Generation
10.4.3. Aerospace
10.4.4. Semiconductor
10.4.5. High Pressure Furnace
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermocouple Market Size and Volume Forecast by Type
10.7.1. K Type
10.7.2. E Type
10.7.3. N Type
10.7.4. J Type
10.7.5. Other Types
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 Thermocouple Demand Share Forecast, 2019-2026
11. Europe 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 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 Thermocouple Market Size and Volume Forecast by Application
11.4.1. Petroleum & Petrochemicals
11.4.2. Power Generation
11.4.3. Aerospace
11.4.4. Semiconductor
11.4.5. High Pressure Furnace
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermocouple Market Size and Volume Forecast by Type
11.7.1. K Type
11.7.2. E Type
11.7.3. N Type
11.7.4. J Type
11.7.5. Other Types
11.8. Basis Point Shar (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 Thermocouple Demand Share, 2019-2026
12. Asia Pacific 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 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 Thermocouple Market Size and Volume Forecast by Application
12.4.1. Petroleum & Petrochemicals
12.4.2. Power Generation
12.4.3. Aerospace
12.4.4. Semiconductor
12.4.5. High Pressure Furnace
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermocouple Market Size and Volume Forecast by Type
12.7.1. K Type
12.7.2. E Type
12.7.3. N Type
12.7.4. J Type
12.7.5. Other Types
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 Thermocouple Demand Share, 2019-2026
13. Middle East & Africa 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 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 Thermocouple Market Size and Volume Forecast by Application
13.4.1. Petroleum & Petrochemicals
13.4.2. Power Generation
13.4.3. Aerospace
13.4.4. Semiconductor
13.4.5. High Pressure Furnace
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermocouple Market Size and Volume Forecast by Type
13.7.1. K Type
13.7.2. E Type
13.7.3. N Type
13.7.4. J Type
13.7.5. Other Types
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 Thermocouple Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermocouple Market: Market Share Analysis
14.2. Thermocouple Distributors and Customers
14.3. Thermocouple Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. OMEGA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fluke
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thermometrics Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Minco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cooper-Atkins
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MEAS (USA)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Watlow
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Smiths Connectors
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SKF
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Line Seiki
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ERCIAT
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. WIKA
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JUMO
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Conax
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Endress+Hauser
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Honeywell
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Isabellenhuette
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. NORITAKE
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. MEIYO ELECTRIC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jiangsu Yafei
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
