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Asia-Pacific Thermocouple Temperature Sensors Market – Industry Trends and Forecast to 2027

  • Semiconductors and Electronics
  • Published Report
  • Aug 2020
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 203
  • No of Figures: 26
  • Semiconductors and Electronics
  • Published Report
  • Aug 2020
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 203
  • No of Figures: 26

Asia-Pacific Thermocouple Temperature Sensors Market By Type (Base Metal Thermocouples, Noble Metal Thermocouples), Construction Type (Grounded Thermocouple, Exposed Thermocouples, Ungrounded Thermocouples), Temperature Range ((-200C) To 900C, (- 200C) To 1250C, 0 To 750C, (-250C) To 350C, 0 To 1500C, 0 To 1700C), Application (Automotive, Chemical & Petrochemical, Power Generation, Metals & Mining, Oil & Gas, Food & Beverage, Life Science, Aerospace, Waste & Water Treatment, Others), Country (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027.

Asia-Pacific Thermocouple Temperature Sensors Market Market Analysis and Insights: Asia-Pacific Thermocouple Temperature Sensors Market

Thermocouple temperature sensors market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.8% in the forecast period of 2020 to 2027 and is expected to reach USD 863.14 million by 2027. Rising government regulation towards mandated the usage of temperature sensors is the major factor that drives the growth of the market.

The growing advancement in the industrial application has inadvertently increased the usage of temperature sensors which in turn increase temperature thermocouple temperature sensors has boost the growth of the market.

This thermocouple temperature sensors market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific Thermocouple Temperature Sensors Market Asia-Pacific Thermocouple Temperature Sensors Market Scope and Market Size

Asia-Pacific thermocouple temperature sensors market is segmented on the basis of type, application, construction type, temperature range. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of type , the thermocouple temperature sensors market is segmented into base thermocouple and noble metal thermocouples. The base thermocouple accounted largest market share as it is highly responsive in nature due to which it is widely use in the industrial applications.
  • On the basis of construction type , the thermocouple temperature sensors market is segmented into grounded thermocouple, exposed thermocouples and ungrounded thermocouples. The grounded thermocouple accounted largest market as it is highly durable in nature and highly responsive in nature due to which it is widely use in the food and beverages and chemical sectors.
  • On the basis of temperature range, the thermocouple temperature sensors market is segmented into ((-200C) to 900C, (- 200C) To 1250C, 0 To 750C, (-250C) To 350C, 0 To 1500C, 0 To 1700C. (-200C) To 900C accounted largest market as these range of thermocouple temperature range are widely use in the industrial applications.
  • On the basis of application, the thermocouple temperature sensors market is segmented in to automotive, chemical & petrochemical, power generation, metals & mining, oil & gas, food & beverage, life science , aerospace, waste & water treatment, others. Automotive accounted largest market share as the growing demand for zero emission vehicle has increase production of electric vehicle has further increase the demand for the sensors in the automotive sectors.

Thermocouple Temperature Sensors Market Country Level Analysis

Thermocouple temperature sensors market is analysed and market size information is provided by country, type, application, construction type, temperature rang.

The countries covered in thermocouple temperature sensors market report are China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacific.

China accounted largest market share for base metal thermocouple as  these thermocouple contain  nickel alloys  due to which it is widely utilized in those industries where measuring  temperatures lying  between -270 to +1300°C. The Japan attributes second largest market share is due to the rising demand for smart sensors in the industrial application. However, South Korea attributes third largest market share is due to the   increasing penetration of electric vehicle (EV).

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Rising Government Regulation towards Mandating the Use of Temperature Sensors

Thermocouple temperature sensors market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in thermocouple temperature sensors and changes in regulatory scenarios with their support for the thermocouple temperature sensors market. The data is available for historic period 2010 to 2018.

Competitive Landscape and Thermocouple Temperature Sensors Market Share Analysis

Thermocouple temperature sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific thermocouple temperature sensors market.

The major players covered in the report are Honeywell International Inc., Maxim Integrated, Danfoss A/S, Microchip Technology Inc., KEYENCE CORPORATION, Okazaki Manufacturing Company, SOR Inc., Emerson Electric Co., OMEGA Engineering, West Control Solutions, WIKA Alexander Wiegand SE & Co. KG,       TE Connectivity. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many product developments are also initiated by the companies worldwide which are also accelerating the growth of thermocouple temperature sensors market.

For instance,

  • In October 2018, Microchip Technology Inc. embedded control solutions for industrial, automotive, consumer, aerospace and defense, communications and computing markets launched five new 1.8V temperature sensors. The new product family feature with voltage rails, such as battery operated IoT applications, personal computing devices, field-programmable gate arrays (FPGAs) and graphics processing units (GPUs). This product launch has helped the company to strengthen its sensors category.


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Frequently Asked Questions

The Asia-Pacific Thermocouple Temperature Sensors Market is predicted to grow at a CAGR of 7.8% during the forecast period of 2020 to 2027.
The future market value of the Asia-Pacific Thermocouple Temperature Sensors Market is expected to reach USD 863.14 million by 2027.
The major players in the Asia-Pacific Thermocouple Temperature Sensors Market are Honeywell International Inc., Maxim Integrated, Danfoss A/S, Microchip Technology Inc., KEYENCE CORPORATION, Okazaki Manufacturing Company, SOR Inc., Emerson Electric Co., OMEGA Engineering, West Control Solutions, WIKA Alexander Wiegand SE & Co. KG.
The countries covered in the Asia-Pacific Thermocouple Temperature Sensors Market are China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, and Rest of Asia-Pacific.