Global Thermocouple Wire Market Growth 2023-2029

Global Thermocouple Wire Market Growth 2023-2029

Product Code:456386

Published Date: Feb 08,2023

Pages: 123

Region: Global

Category: Machinery & Equipment

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

PDF DOWNLOAD

GET FREE SAMPLE

CUSTOMIZE REQUEST

SELECT A FORMAT

ADD TO BASKET

BUY NOW

Provide comprehensive and accurate analysis and reports according to your exact requirements

Provide comprehensive and accurate analysis and reports according to your exact requirements

CONTACT US

A thermocouple is a sensor for measuring temperature that consists of two dissimilar metals that are joined together at the sensing end. Different thermocouple types (e.g. J, K, T, E, etc) use different mixtures of metals in the wire. At the cjc (cold junction compensation) end, the millivolt value provided by the thermocouple represents the difference in temperature of the sensing end as compared to the cjc end (also called the reference end). Alternatively, a thermocouple wire is a temperature-measuring instrument consisting of two wires of different metals joined at each end. One junction is placed where the temperature is to be measured, and the other is kept at a constant lower (reference) temperature. A measuring instrument is connected in the electrical circuit. The temperature difference causes the development of an electromotive force (EMF) that is approximately proportional to the difference between the temperatures of the two junctions. Temperature can be read from standard tables, or the instrument can be calibrated to display temperature directly
LPI (LP Information)' newest research report, the “Thermocouple Wire Industry Forecast” looks at past sales and reviews total world Thermocouple Wire sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermocouple Wire sales for 2023 through 2029. With Thermocouple Wire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermocouple Wire industry.

This Insight Report provides a comprehensive analysis of the global Thermocouple Wire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermocouple Wire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermocouple Wire market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermocouple Wire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermocouple Wire.

The global Thermocouple Wire market size is projected to grow from US$ 933.8 million in 2022 to US$ 1285.2 million in 2029; it is expected to grow at a CAGR of 1285.2 from 2023 to 2029.

Asia-Pacific is the largest Thermocouple Wire market with about 34% market share. North America is follower, accounting for about 27% market share.

The key players are TE Wire&Cable, Johnson Matthey, Heraeus, Sandvik (Kanthal), BASF, OMEGA Engineering, Belden, Pelican Wire, National Instruments, Indutrade (Pentronic), Pyromation, Dwyer Instruments, Tempco, Durex Industries, Marlin Manufacturing Corporation, Multi/Cable Corporation, Ellab, Temprel, Thermo-Electra, Hayashidenko etc. Top 3 companies occupied about 13% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermocouple Wire market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Type T
    Type J
    Type E
    Type K
    Type N
    Type S
    Type R

Segmentation by application
    Steel Industry
    Glass and Ceramics Industry
    Aerospace
    Metallurgy/Heat Treatment
    Power Gen
    Aircraft Jet Engines
    Automotive/RTD
    Medical
    Food Equipment
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    TE Wire&Cable
    Johnson Matthey
    Heraeus
    Sandvik (Kanthal)
    BASF
    OMEGA Engineering
    Belden
    Pelican Wire
    National Instruments
    Indutrade (Pentronic)
    Pyromation
    Dwyer Instruments
    Tempco
    Durex Industries
    Marlin Manufacturing Corporation
    Multi/Cable Corporation
    Ellab
    Temprel
    Thermo-Electra
    Hayashidenko

Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermocouple Wire market?
What factors are driving Thermocouple Wire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermocouple Wire market opportunities vary by end market size?
How does Thermocouple Wire break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?