Global Thermocouple Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application
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This report aims to provide a comprehensive presentation of the global market for Thermocouple, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermocouple.
The Thermocouple market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Thermocouple market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Thermocouple manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
The thermocouple market was valued at usd 703.40 million in 2021 and is expected to reach usd 926.24 million by 2029, registering a cagr of 3.50 % during the forecast period of 2022 to 2029.
Competitive Landscape Analysis:
The main players in the Thermocouple market include OMEGA Engineering Inc. (U.S.), Endress+Hauser Group Services AG (Switzerland), Honeywell International Inc. (U.S.), ABB (Switzerland), and Maxim Integrated (U.S.). The share of the top 3 players in the Thermocouple market is xx%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for xx%, Europe accounted for xx% of Thermocouple market, and Asia Pacific accounted for xx%.
Segmental Analysis
The report segments the market by Type and Application. Contact Type Temperature Sensor accounted for xx% of Thermocouple market in 2022. Non-Contact Type Temperature Sensor share of xx%.
Industrial Applications accounted for xx% of the Thermocouple market in 2022. Automotive, Optical accounts for xx%.
The storage market is cold, and advanced technologies continue to develop.
With the rising inflation and weak demand in the terminal market, especially the decline in demand for PC and mobile phone terminal products affected by consumer spending, the growth expectation of the consumer storage market is lowered. In addition, the reduction of investment in data centers by technology giants such as Microsoft and Amazon will put downward pressure on the commercial storage market.
Although the consumer storage market will be cold, the market demand for applications such as automobiles is strong. With the substantial increase in sales of new energy vehicles, the amount of storage products required for bicycles will be greatly improved, especially after introducing other intelligent technologies such as ADAS and autonomous driving.
Different from the "uneven heat and cold" in various storage markets, major storage manufacturers have been trying and breaking through in the technical process. For example, in the field of DRAM, Micron's fifth-generation 10nm DRAM product (1β DRAM) has been sent to its partners for verification. Once the product is mature, it will be put into mobile phones, computers, servers, automobiles and other markets one after another.
In the field of NAND Flash, Micron's first 232-layer NAND product in the world has been mass-produced and is being supplied to PC OEM customers around the world; SK Hynix 238-layer 512Gb TLC 4D NAND flash memory is expected to be put into mass production in the first half of 2023. Samsung's plan is even bolder, claiming that it will realize 1,000 layers of V-NAND by 2030.
Segmental Analysis
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
South America
Brazil
Argentina
Colombia
MEA
Saudi Arabia
Egypt
Nigeria
Some of the Top Market Players Covered Are:
OMEGA Engineering Inc. (U.S.)
Endress+Hauser Group Services AG (Switzerland)
Honeywell International Inc. (U.S.)
ABB (Switzerland)
Maxim Integrated (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)
West Control Solutions (U.K.)
WIKA Alexander Wiegand SE & Co. KG (Germany)
TE Connectivity (Switzerland)
Market outlook by product/service type:
Contact Type Temperature Sensor
Non-Contact Type Temperature Sensor
Market outlook by Application :
Industrial Applications
Automotive, Optical
Metal Manufacturing
Aerospace
Defence Application
Table of Content
1 Thermocouple Market Overview
1.1 Thermocouple Product Description
1.2 Thermocouple Market Segment by Type
1.3 Global Thermocouple Market Size by Type
1.3.1 Global Thermocouple Market Size Overview by Type
1.3.2 Global Thermocouple Historic Market Size Review by Type
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Thermocouple Sales Breakdown by Type
1.4.2 Europe Thermocouple Sales Breakdown by Type
1.4.3 Asia-Pacific Thermocouple Sales Breakdown by Type
1.4.4 Latin America Thermocouple Sales Breakdown by Type
1.4.5 Middle East and Africa Thermocouple Sales Breakdown by Type
2 Global Thermocouple by Application
2.1 Thermocouple Market Segment by Application
2.2 Global Thermocouple Market Size by Application
2.2.1 Global Thermocouple Market Size Overview by Application
2.2.2 Global Thermocouple Historic Market Size Review by Application
2.3 Key Regions Market Size Segment by Application
2.3.1 North America Thermocouple Sales Breakdown by Application
2.3.2 Europe Thermocouple Sales Breakdown by Application
2.3.3 Asia-Pacific Thermocouple Sales Breakdown by Application
2.3.4 Latin America Thermocouple Sales Breakdown by Application
2.3.5 Middle East and Africa Thermocouple Sales Breakdown by Application
3 Thermocouple Status and Outlook by Region
3.1 Global Thermocouple Market Size and CAGR by Region: 2018 VS 2023 VS 2029
3.2 Global Thermocouple Historic Market Size by Region
3.2.1 Global Thermocouple Sales in Volume by Region
3.2.2 Global Thermocouple Sales in Value by Region
3.2.3 Global Thermocouple Sales Price and Gross Margin
3.3 Global Thermocouple Forecasted Market Size by Region
3.3.1 Global Thermocouple Sales in Volume by Region
3.3.2 Global Thermocouple Sales in Value by Region
3.3.3 Global Thermocouple Sales Price and Gross Margin
4 Global Thermocouple Market Competition by Company
4.1 Global Top Players by Thermocouple Sales
4.2 Global Top Players by Thermocouple Revenue
4.3 Global Top Players Thermocouple Price
4.4 Global Top Manufacturers Thermocouple Manufacturing Base Distribution, Sales Area, Product Type
4.5 Thermocouple Market Competitive Situation and Trends
4.5.1 Thermocouple Market Concentration Rate
4.5.2 Global 3 and 6 Largest Manufacturers by Thermocouple Sales and Revenue in 2022
4.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Thermocouple as of 2022)
4.7 Date of Key Manufacturers Enter into Thermocouple Market
4.8 Key Manufacturers Thermocouple Product Offered
4.9 Mergers & Acquisitions, Expansion
5 North America Thermocouple by Country
5.1 North America Thermocouple Historic Market Size by Country
5.1.1 North America Thermocouple Sales in Volume by Country
5.1.2 North America Thermocouple Sales in Value by Country
5.2 North America Thermocouple Forecasted Market Size by Country
5.2.1 North America Thermocouple Sales in Volume by Country
5.2.2 North America Thermocouple Sales in Value by Country
6 Europe Thermocouple by Country
6.1 Europe Thermocouple Historic Market Size by Country
6.1.1 Europe Thermocouple Sales in Volume by Country
6.1.2 Europe Thermocouple Sales in Value by Country
6.2 Europe Thermocouple Forecasted Market Size by Country
6.2.1 Europe Thermocouple Sales in Volume by Country
6.2.2 Europe Thermocouple Sales in Value by Country
7 Asia-Pacific Thermocouple by Country
7.1 Asia-Pacific Thermocouple Historic Market Size by Country
7.1.1 Asia-Pacific Thermocouple Sales in Volume by Country
7.1.2 Asia-Pacific Thermocouple Sales in Value by Country
7.2 Asia-Pacific Thermocouple Forecasted Market Size by Country
7.2.1 Asia-Pacific Thermocouple Sales in Volume by Country
7.2.2 Asia-Pacific Thermocouple Sales in Value by Country
8 Latin America Thermocouple by Country
8.1 Latin America Thermocouple Historic Market Size by Country
8.1.1 Latin America Thermocouple Sales in Volume by Country
8.1.2 Latin America Thermocouple Sales in Value by Country
8.2 Latin America Thermocouple Forecasted Market Size by Country
8.2.1 8.2.1 Latin America Thermocouple Sales in Volume by Country
8.2.2 8.2.2 Latin America Thermocouple Sales in Value by Country
9 Middle East and Africa Thermocouple by Country
9.1 Middle East and Africa Thermocouple Historic Market Size by Country
9.1.1 Middle East and Africa Thermocouple Sales in Volume by Country
9.1.2 Middle East and Africa Thermocouple Sales in Value by Country
9.2 Middle East and Africa Thermocouple Forecasted Market Size by Country
9.2.1 Middle East and Africa Thermocouple Sales in Volume by Country
9.2.2 Middle East and Africa Thermocouple Sales in Value by Country
10 Manufacturers Profiles
10.1 OMEGA Engineering Inc. (U.S.)
10.1.1 OMEGA Engineering Inc. (U.S.) Information
10.1.2 Business Overview
10.1.3 OMEGA Engineering Inc. (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.1.4 Thermocouple Products Offered
10.1.5 OMEGA Engineering Inc. (U.S.) Recent Development
10.2 Endress+Hauser Group Services AG (Switzerland)
10.2.1 Endress+Hauser Group Services AG (Switzerland) Information
10.2.2 Business Overview
10.2.3 Endress+Hauser Group Services AG (Switzerland) Thermocouple Sales, Price, Revenue, Gross Margin
10.2.4 Thermocouple Products Offered
10.2.5 Endress+Hauser Group Services AG (Switzerland) Recent Development
10.3 Honeywell International Inc. (U.S.)
10.3.1 Honeywell International Inc. (U.S.) Information
10.3.2 Business Overview
10.3.3 Honeywell International Inc. (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.3.4 Thermocouple Products Offered
10.3.5 Honeywell International Inc. (U.S.) Recent Development
10.4 ABB (Switzerland)
10.4.1 ABB (Switzerland) Information
10.4.2 Business Overview
10.4.3 ABB (Switzerland) Thermocouple Sales, Price, Revenue, Gross Margin
10.4.4 Thermocouple Products Offered
10.4.5 ABB (Switzerland) Recent Development
10.5 Maxim Integrated (U.S.)
10.5.1 Maxim Integrated (U.S.) Information
10.5.2 Business Overview
10.5.3 Maxim Integrated (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.5.4 Thermocouple Products Offered
10.5.5 Maxim Integrated (U.S.) Recent Development
10.6 Maxim Integrated (U.S.)
10.6.1 Maxim Integrated (U.S.) Information
10.6.2 Business Overview
10.6.3 Maxim Integrated (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.6.4 Thermocouple Products Offered
10.6.5 Maxim Integrated (U.S.) Recent Development
10.7 Danfoss A/S (Denmark)
10.7.1 Danfoss A/S (Denmark) Information
10.7.2 Business Overview
10.7.3 Danfoss A/S (Denmark) Thermocouple Sales, Price, Revenue, Gross Margin
10.7.4 Thermocouple Products Offered
10.7.5 Danfoss A/S (Denmark) Recent Development
10.8 Thermometrics Corporation (U.S.)
10.8.1 Thermometrics Corporation (U.S.) Information
10.8.2 Business Overview
10.8.3 Thermometrics Corporation (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.8.4 Thermocouple Products Offered
10.8.5 Thermometrics Corporation (U.S.) Recent Development
10.9 Durex Industries (U.S.)
10.9.1 Durex Industries (U.S.) Information
10.9.2 Business Overview
10.9.3 Durex Industries (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.9.4 Thermocouple Products Offered
10.9.5 Durex Industries (U.S.) Recent Development
10.10 Thermo Sensor GmbH (Germany)
10.10.1 Thermo Sensor GmbH (Germany) Information
10.10.2 Business Overview
10.10.3 Thermo Sensor GmbH (Germany) Thermocouple Sales, Price, Revenue, Gross Margin
10.10.4 Thermocouple Products Offered
10.10.5 Thermo Sensor GmbH (Germany) Recent Development
10.11 Microchip Technology Inc (U.S.)
10.11.1 Microchip Technology Inc (U.S.) Information
10.11.2 Business Overview
10.11.3 Microchip Technology Inc (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.11.4 Thermocouple Products Offered
10.11.5 Microchip Technology Inc (U.S.) Recent Development
10.12 KEYENCE CORPORATION (Japan)
10.12.1 KEYENCE CORPORATION (Japan) Information
10.12.2 Business Overview
10.12.3 KEYENCE CORPORATION (Japan) Thermocouple Sales, Price, Revenue, Gross Margin
10.12.4 Thermocouple Products Offered
10.12.5 KEYENCE CORPORATION (Japan) Recent Development
10.13 Applied Sensor Technologies (U.S.)
10.13.1 Applied Sensor Technologies (U.S.) Information
10.13.2 Business Overview
10.13.3 Applied Sensor Technologies (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.13.4 Thermocouple Products Offered
10.13.5 Applied Sensor Technologies (U.S.) Recent Development
10.14 Okazaki Manufacturing Company (U.K.)
10.14.1 Okazaki Manufacturing Company (U.K.) Information
10.14.2 Business Overview
10.14.3 Okazaki Manufacturing Company (U.K.) Thermocouple Sales, Price, Revenue, Gross Margin
10.14.4 Thermocouple Products Offered
10.14.5 Okazaki Manufacturing Company (U.K.) Recent Development
10.15 SOR Inc. (U.S.)
10.15.1 SOR Inc. (U.S.) Information
10.15.2 Business Overview
10.15.3 SOR Inc. (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.15.4 Thermocouple Products Offered
10.15.5 SOR Inc. (U.S.) Recent Development
10.16 Thermo Sensors (India)
10.16.1 Thermo Sensors (India) Information
10.16.2 Business Overview
10.16.3 Thermo Sensors (India) Thermocouple Sales, Price, Revenue, Gross Margin
10.16.4 Thermocouple Products Offered
10.16.5 Thermo Sensors (India) Recent Development
10.17 Emerson Electric Co (U.S.)
10.17.1 Emerson Electric Co (U.S.) Information
10.17.2 Business Overview
10.17.3 Emerson Electric Co (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.17.4 Thermocouple Products Offered
10.17.5 Emerson Electric Co (U.S.) Recent Development
10.18 Pyromation, Inc. (U.S.)
10.18.1 Pyromation, Inc. (U.S.) Information
10.18.2 Business Overview
10.18.3 Pyromation, Inc. (U.S.) Thermocouple Sales, Price, Revenue, Gross Margin
10.18.4 Thermocouple Products Offered
10.18.5 Pyromation, Inc. (U.S.) Recent Development
10.19 GÜNTHER GmbH (Germany)
10.19.1 GÜNTHER GmbH (Germany) Information
10.19.2 Business Overview
10.19.3 GÜNTHER GmbH (Germany) Thermocouple Sales, Price, Revenue, Gross Margin
10.19.4 Thermocouple Products Offered
10.19.5 GÜNTHER GmbH (Germany) Recent Development
10.20 West Control Solutions (U.K.)
10.20.1 West Control Solutions (U.K.) Information
10.20.2 Business Overview
10.20.3 West Control Solutions (U.K.) Thermocouple Sales, Price, Revenue, Gross Margin
10.20.4 Thermocouple Products Offered
10.20.5 West Control Solutions (U.K.) Recent Development
10.21 WIKA Alexander Wiegand SE & Co. KG (Germany)
10.21.1 WIKA Alexander Wiegand SE & Co. KG (Germany) Information
10.21.2 Business Overview
10.21.3 WIKA Alexander Wiegand SE & Co. KG (Germany) Thermocouple Sales, Price, Revenue, Gross Margin
10.21.4 Thermocouple Products Offered
10.21.5 WIKA Alexander Wiegand SE & Co. KG (Germany) Recent Development
10.22 TE Connectivity (Switzerland)
10.22.1 TE Connectivity (Switzerland) Information
10.22.2 Business Overview
10.22.3 TE Connectivity (Switzerland) Thermocouple Sales, Price, Revenue, Gross Margin
10.22.4 Thermocouple Products Offered
10.22.5 TE Connectivity (Switzerland) Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Thermocouple Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Thermocouple Industrial Chain Analysis
11.4 Thermocouple Market Dynamics
11.4.1 Thermocouple Industry Trends
11.4.2 Thermocouple Growth Drivers
11.4.3 Thermocouple Market Challenges
11.4.4 Thermocouple Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Thermocouple Distributors
12.3 Thermocouple Downstream Customers
13 Research Findings and Conclusion
14 Methodology and Data Source
14.1 A Methodology
14.1.1 Research Process
14.1.2 Market Size Estimation
14.1.3 Market Breakdown and Data Triangulation
14.2 B Data Source
14.2.1 Legal Disclaimer
Research Methodology:
Global Thermocouple Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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