The global Thermocouple Wire market was valued at US$ 878.8 million in 2019 and it is expected to reach US$ 1200 million by the end of 2026, growing at a CAGR of 4.5% during 2021-2026.
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.
Global Thermocouple Wire Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Thermocouple Wire Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report 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 and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-thermocouple-wire-market-research-report
Segment by Type
- Type T
- Type J
- Type E
- Type K
- Type N
- Type S
- Type R
Segment by Application
- Steel Industry
- Glass and Ceramics Industry
- Metallurgy/Heat Treatment
- Power Gen
- Aircraft Jet Engines
- Food Equipment
Table of Content:
1 Thermocouple Wire Market Overview
2 Thermocouple Wire Market Competition by Manufacturers
3 Thermocouple Wire Retrospective Market Scenario by Region
4 Global Thermocouple Wire Historic Market Analysis by Type
5 Global Thermocouple Wire Historic Market Analysis by Application
6 Key Companies Profiled
7 Thermocouple Wire Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Thermocouple Wire Market Dynamics
10 Global Thermocouple Wire Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta