Thermocouple Wire Market (Updated Version Available)

Thermocouple Wire Market to 2025 - Global Analysis, Industry Growth, Regional Share, Trends, Competitor Analysis

Report ID : RI_1596 | Date : January 2020 | Format : ms word ms Excel PPT PDF

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data
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
There are many manufacturers which sale Thermocouple Wire. TE Wire&Cable, Johnson Matthey, Heraeus, Sandvik (Kanthal), BASF, OMEGA Engineering, Belden, Pelican Wire, National Instruments, Indutrade (Pentronic), Pyromation, etc. are large companies in the maket of Thermocouple Wires. TE Wire&Cable is global leading for sale of Thermocouple Wire, which makes up 4.71% market share in terms of revenue in 2018. Nowadays, global Thermocouple Wire sales areas are mainly in North America, Europe, Asia-Pacific. In 2018, Asia-Pacific Thermocouple Wire sales takes about 31.62% with 263.41 M USD and it is the largest sales region. Asia Pacific was a major market for Thermocouple Wire in 2018 and is estimated to expand due to the rising number of industries. Asia Pacific and North America leads the global Thermocouple Wires market in terms of demand.
The Thermocouple Wire market was valued at 837.3 Million US$ in 2018 and is projected to reach 1136.4 Million US$ by 2025, at a CAGR of 4.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Thermocouple Wire.

This report presents the worldwide Thermocouple Wire market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter\'s Five Forces Analysis.

The following manufacturers are covered in this report:
TE Wire&Cable
Johnson Matthey
Sandvik (Kanthal)
OMEGA Engineering
Pelican Wire
National Instruments
Indutrade (Pentronic)
Dwyer Instruments
Durex Industries
Marlin Manufacturing Corporation
Multi/Cable Corporation

Thermocouple Wire Breakdown Data by Type
Type T
Type J
Type E
Type K
Type N
Type S
Type R

In 2018, Type K accounted for a major share of 37.5% in the global Thermocouple Wire market. And this product segment is poised to reach 220.5 M USD by 2025 from 136.3 M USD in 2018.

Thermocouple Wire Breakdown Data by Application
Steel Industry
Glass and Ceramics Industry
Metallurgy/Heat Treatment
Power Gen
Aircraft Jet Engines
Food Equipment

In Thermocouple Wire market, Glass and Ceramics Industry segment holds an important share in terms of application, and it is expected to reach a volume of 14583.6 (Km) by 2025, at a CAGR of 5.65x% during 2018 and 2025. It means that Thermocouple Wire will be promising in the Glass and Ceramics Industry in the next couple of years.

Thermocouple Wire Production by Region
North America

Thermocouple Wire Consumption by Region
North America
United States
South Korea
Central & South America
Middle East & Africa
GCC Countries
South Africa

The study objectives are:
To analyze and research the global Thermocouple Wire status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Thermocouple Wire manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Thermocouple Wire :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (Km). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Thermocouple Wire market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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