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 2021. Nowadays, global Thermocouple Wire sales areas are mainly in North America, Europe, Asia-Pacific. In 2021, 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 2021 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 2020 and is projected to reach 1136.4 Million US$ by 2026, at a CAGR of 4.5% during the forecast period. In this study, 2021 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Thermocouple Wire.
This report covers the present status and the future prospects of the global Thermocouple Wire market for 2015-2026.
The report offers detailed coverage of Thermocouple Wire industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Thermocouple Wire by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
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
Market Segment as follows:
Market by Order 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
Aerospace
Metallurgy/Heat Treatment
Power Gen
Aircraft Jet Engines
Automotive/RTD
Medical
Food Equipment
Others
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 market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Thermocouple Wire market for the forecast period 2021 - 2026?
• What are the driving forces in the Thermocouple Wire market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Thermocouple Wire industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.