Europe Thermocouple Temperature Sensors Market, By Type (Base Metal Thermocouple and Noble Metal Thermocouple), Construction Type (Grounded Thermocouple, Exposed Thermocouple, and Ungrounded Thermocouple), Temperature Range ((-200C) To 900C, (-200C) To 1250C, 0 To 750C, (-250C) To 350C, 0 To 1500C, and 0 To 1700C), Application (Automotive, Chemicals & Petrochemical, Power Generation, Metals & Mining, Oil & Gas, Food & Beverage, Life Science, Aerospace, Waste & Water Treatment, and Others) – Industry Trends and Forecast to 2030.
Europe Thermocouple Temperature Sensors Market Analysis and Size
The growing advancement in industrial applications has inadvertently increased the usage of temperature sensors which in turn increases thermocouple temperature sensors. This is expected to boost the market growth.
Data Bridge Market Research analyzes that the Europe thermocouple temperature sensors market, which was USD 380.23 million in 2022, would rocket up to USD 648.49 million by 2030, and is expected to grow at a CAGR of 6.89% during the forecast period of 2023-2030. The automotive sector accounts for the largest segment in the application segment owing to the rise in demand for zero-emission vehicles.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe Thermocouple Temperature Sensors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Base Metal Thermocouple and Noble Metal Thermocouple), Construction Type (Grounded Thermocouple, Exposed Thermocouple, and Ungrounded Thermocouple), Temperature Range ((-200C) To 900C, (-200C) To 1250C, 0 To 750C, (-250C) To 350C, 0 To 1500C, and 0 To 1700C), Application (Automotive, Chemical & Petrochemical, Power Generation, Metals & Mining, Oil & Gas, Food & Beverage, Life Science, Aerospace, Waste & Water Treatment, and Others)
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Countries Covered
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Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, and rest of Europe
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Market Players Covered
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Honeywell International Inc. (U.S.), Maxim Integrated (U.S.), Danfoss A/S (Denmark), Thermometrics Corporation (U.S.), Durex Industries (U.S.), Thermo Sensor GmbH (Germany), Microchip Technology Inc (U.S.), KEYENCE CORPORATION (Japan), Applied Sensor Technologies (U.S.), Okazaki Manufacturing Company (U.K.), SOR Inc. (U.S.), Thermo Sensors (India), Emerson Electric Co (U.S.), Pyromation, Inc. (U.S.), GÜNTHER GmbH (Germany), OMEGA Engineering (U.S.), West Control Solutions (U.K.), WIKA Alexander Wiegand SE & Co. KG (Germany), TE Connectivity (Switzerland), and Peak Sensors Ltd (U.K.) among others
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Market Opportunities
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Market Definition
A thermocouple temperature sensor refers to a type of sensor that assists in measuring temperature. These include two different types of metals that are generally joined together at one end. A voltage is created that can be correlated back to the temperature when the junction of the two metals is heated or cooled.
Europe Thermocouple Temperature Sensors Market Dynamics
Drivers
- Adoption of sensors for various applications
The rise in the adoption of these sensors for temperature-sensitive applications in industries is witnessed as these sensors are used to measure physical, chemical, or biological quantities with great accuracy and repeatability. Moreover, the thermal sensor is a sensor that detects the temperature, heat, heat flux/capacity, and thermal conductivity to be measured. The most familiar type of thermal sensor in our lives is a thermometer, which is used to measure the temperature of solids, liquids, and gases. While there are various types of thermal sensors that have detection capability according to the range of applications, they are primarily industrial thermocouples or thermistors. This has increased adoption in various industries such as food and beverages, textile, and healthcare among others, which is expected to drive market growth.
- Demand for contactless sensors
Non-contact thermometers, also known as Infrared (IR) thermometer, measure temperature from a distance. Every form of matter with a temperature above absolute zero (0 K) emits infrared radiation relative to its temperature. This is called characteristic radiation. The emissivity of a material is the relative ability of its surface to emit energy by radiation. The increase in demand for contactless sensors that can be deployed in potentially hazardous environments, including places exposed to radiation is expected to drive market growth.
Opportunity
- Rise in trend of wearable devices
The increase in demand for digital maturity has extended profitable opportunities for the market players in the past few years. In addition, the advent of artificial intelligence, automation, and facial recognition technologies will further expand the future market growth.
Restraint/Challenge
- High initial cost involved in advanced sensors
The easy-to-use nature and low cost of conductive ink are expected to restrain the thermocouple temperature sensors market growth as it will limit the advancements within the market, which will prove to be a demerit for market growth.
The Europe thermocouple temperature sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the thermocouple temperature sensors market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In March 2020, Emerson Electric Co., which is engaged in providing automated and commercial & residential solutions to various industries, launched Rosemount 214C temperature sensors. The new temperature sensors provided various thermocouple types offered in a variety of element configurations. This product launch helped the company to strengthen its product portfolio
- In May 2020, Yokogawa Electric Corporation announced the release of new temperature sensors for the Sushi Sensor wireless Industrial IoT (IIoT) solution in Europe, North America, and specific Southeast Asian markets. The sensor facilitates the online collection of temperature data from equipment, such as tanks and furnaces, and supplements the vibration and surface temperature monitoring capabilities of the integrated XS770A wireless vibration sensor
Europe Thermocouple Temperature Sensors Market Scope
The Europe thermocouple temperature sensors market is segmented based on type, construction type, temperature range, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Base Metal Thermocouple
- Noble Metal Thermocouple
Construction Type
- Grounded Thermocouple
- Exposed Thermocouple
- Ungrounded Thermocouple
Temperature Range
- (-200C) to 900C
- (-200C) to 1250C
- 0 to 750C
- (-250C) to 350C
- 0 to 1500C
- 0 to 1700C
Application
- Automotive
- Chemical and Petrochemical
- Power Generation
- Metals and Mining
- Oil and Gas
- Food and Beverage
- Life Science
- Aerospace
- Waste and Water Treatment
Europe Thermocouple Temperature Sensors Market Regional Analysis/Insights
The Europe thermocouple temperature sensors market is analyzed, and market size insights and trends are provided by country, type, construction type, temperature range, and application, as referenced above.
The countries covered in this market report are Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, and rest of Europe.
Germany accounted for the largest market share due to the increased spending capacity of consumers for smart electronics, which is augmenting the demand for thermocouple temperature sensors.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Thermocouple Temperature Sensors Market Share Analysis
The Europe thermocouple temperature sensors market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the Europe thermocouple temperature sensors market are
- Honeywell International Inc. (U.S.)
- Maxim Integrated (U.S.)
- Danfoss A/S (Denmark)
- Thermometrics Corporation (U.S.)
- Durex Industries (U.S.)
- Thermo Sensor GmbH (Germany)
- Microchip Technology Inc (U.S.)
- KEYENCE CORPORATION (Japan)
- Applied Sensor Technologies (U.S.)
- Okazaki Manufacturing Company (U.K.)
- SOR Inc. (U.S.)
- Thermo Sensors (India)
- Emerson Electric Co (U.S.)
- Pyromation, Inc. (U.S.)
- GÜNTHER GmbH (Germany)
- OMEGA Engineering (U.S.)
- West Control Solutions (U.K.)
- WIKA Alexander Wiegand SE & Co. KG (Germany)
- TE Connectivity (Switzerland)
- Peak Sensors Ltd (U.K.) among others
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