Global Thermocouple Temperature Sensors Market, By Type (Base Metal Thermocouple, Noble Metal Thermocouple), Construction Type (Grounded Thermocouples, Exposed Thermocouples, Ungrounded Thermocouples), 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, Others) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Thermocouple-based temperature sensors are one of the highest adopted temperature sensors in the recent years. These sensors can operate over a wide range of temperatures. They are among the few sensors that can survive a high-temperature caustic environment, including engine.
Global Thermocouple Temperature Sensors Market was valued at USD 1407.62 million in 2021 and is expected to reach USD 2807.45 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. The automotive sector accounts for the largest segment in the end use industry owing to the rise in demand for zero emission vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
A thermocouple temperature sensors refer 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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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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Type (Base Metal Thermocouple, Noble Metal Thermocouple), Construction Type (Grounded Thermocouples, Exposed Thermocouples, Ungrounded Thermocouples), 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, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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Honeywell International Inc (US), Maxim Integrated (US), Danfoss A/S (Denmark), Thermometrics Corporation (US), Durex Industries (US), Thermo Sensor GmbH (Germany), Microchip Technology Inc (US), KEYENCE CORPORATION (Japan), Applied Sensor Technologies (US), Okazaki Manufacturing Company (UK), SOR Inc. (US), Thermo Sensors (India), Emerson Electric Co (US), Pyromation, Inc. (US), GÜNTHER GmbH (Germany), OMEGA Engineering (US), West Control Solutions (UK), WIKA Alexander Wiegand SE & Co. KG (Germany), TE Connectivity (Switzerland), and Peak Sensors Ltd (UK), among others
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Market Opportunities
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Thermocouple Temperature Sensors Market Dynamics
- Adoption of Sensors for Various Applications
The rise in the adoption of these sensors for temperature-sensitive applications in industries, including as food and beverages, textile, and healthcare, among others acts as one of the major factors driving the growth of thermocouple temperature sensors market.
- Demand for Contactless Sensors
The increase in demand for contactless sensors that can be deployed in potentially hazardous environments, including places exposed to radiation accelerate the market growth.
- Use in Household Applications
The deployment of the thermocouple temperature sensors in household applications, such as air purifiers, air conditioners, smoke alarms, and smart thermostats further influences the market.
Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the thermocouple temperature sensors market.
Opportunities
Furthermore, rise in trend of wearable devices extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, supportive government initiatives and funding for IoT projects will further expand the market.
Restraints/Challenges
On the other hand, high initial cost involved in advanced sensors is expected to obstruct market growth. Also, stringent performance requirements for advanced applications are projected to challenge the thermocouple temperature sensors market in the forecast period of 2022-2029.
This thermocouple temperature sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 thermocouple temperature sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Thermocouple Temperature Sensors Market
The COVID-19 has impacted thermocouple temperature sensors market. The limited investment costs and lack of employees hampered sales and production of thermocouple temperature sensors technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the thermocouple temperature sensors as it targeted the right audience. The increase in sales of devices such as smart phones and tablets across the globe is expected to further drive the market growth in the post-pandemic scenario.
Recent Developments
- Honeywell announced that dnata US showcase Honeywell ThermoRebellion temperature monitoring solution in May’2021 for supporting domestic and international passengers at Boston Logan International Airport. dnata US delivers cargo, flight catering services, ground handling, and travel across five continents.
Global Thermocouple Temperature Sensors Market Scope and Market Size
The thermocouple temperature sensors market is segmented on the basis of 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
Thermocouple Temperature Sensors Market Regional Analysis/Insights
The 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 the thermocouple temperature sensors market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
North America dominates the thermocouple temperature sensors market because of the rise in production of automotive within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in consumer electronics application and electric vehicle in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermocouple Temperature Sensors Market
The thermocouple temperature sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to thermocouple temperature sensors market.
Some of the major players operating in the thermocouple temperature sensors market are
- Honeywell International Inc (US)
- Maxim Integrated (US)
- Danfoss A/S (Denmark)
- Thermometrics Corporation (US)
- Durex Industries (US)
- Thermo Sensor GmbH (Germany)
- Microchip Technology Inc (US)
- KEYENCE CORPORATION (Japan)
- Applied Sensor Technologies (US)
- Okazaki Manufacturing Company (UK)
- SOR Inc. (US)
- Thermo Sensors (India)
- Emerson Electric Co (US)
- Pyromation, Inc. (US)
- GÜNTHER GmbH (Germany)
- OMEGA Engineering (US)
- West Control Solutions (UK)
- WIKA Alexander Wiegand SE & Co. KG (Germany)
- TE Connectivity (Switzerland)
- Peak Sensors Ltd (UK)
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