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North America Thermocouple Temperature Sensors Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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North America Thermocouple Temperature Sensors Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Thermocouple Temperature Sensors Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 447.76 USD Million
Diagram Market Size (Forecast Year) USD 821.27 USD Million
Diagram CAGR %

Major Markets Players

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North America Thermocouple Temperature Sensors Market, By Type (Base Metal Thermocouple and Noble Metal Thermocouple), Construction Type (Grounded Thermocouple, Exposed Thermocouple, and Ungrounded Thermocouple), Temperature Range ((-200C) To 900C, (-200C) To 1250C, 0 To 750C, (-250C) To 350C, 0 To 1500C, and 0 To 1700C), Application (Automotive, Chemicals & Petrochemical, Power Generation, Metals & Mining, Oil & Gas, Food & Beverage, Life Science, Aerospace, Waste & Water Treatment, and Others) – Industry Trends and Forecast to 2030.

North America Thermocouple Temperature Sensors Market

North America Thermocouple Temperature Sensors Market Analysis and Size

The growing advancement in industrial applications has inadvertently increased the usage of temperature sensors which in turn increases thermocouple temperature sensors. This is expected to boost the market growth.

Data Bridge Market Research analyzes that the North America thermocouple temperature sensors market, which was USD 447.76 million in 2022, would rocket up to USD 821.27 million by 2030, and is expected to undergo a CAGR of 7.87% during the forecast period of 2023-2030. The automotive sector accounts for the largest segment in the application segment owing to the rise in demand for zero-emission vehicles.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

North America Thermocouple Temperature Sensors Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Base Metal Thermocouple and Noble Metal Thermocouple), Construction Type (Grounded Thermocouple, Exposed Thermocouple, and Ungrounded Thermocouple), Temperature Range ((-200C) To 900C, (-200C) To 1250C, 0 To 750C, (-250C) To 350C, 0 To 1500C, and 0 To 1700C), Application (Automotive, Chemical & Petrochemical, Power Generation, Metals & Mining, Oil & Gas, Food & Beverage, Life Science, Aerospace, Waste & Water Treatment, and Others)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

Honeywell International Inc. (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), OMEGA Engineering (U.S.), West Control Solutions (U.K.), WIKA Alexander Wiegand SE & Co. KG (Germany), TE Connectivity (Switzerland), and Peak Sensors Ltd (U.K.) among others

Market Opportunities

  • Increase in demand for contactless sensors
  • Rise in the adoption of these sensors for temperature-sensitive applications in industries
  • Rise in demand for the technology as it is an essential component of display devices

Market Definition

A thermocouple temperature sensor refers to a type of sensor that assists in measuring temperature. These include two different types of metals that are generally joined together at one end. A voltage is created that can be correlated back to the temperature when the junction of the two metals is heated or cooled.

North America Thermocouple Temperature Sensors Market Dynamics

Drivers

  • Adoption of sensors for various applications

The rise in the adoption of these sensors for temperature-sensitive applications in industries is witnessed as these sensors are used to measure physical, chemical, or biological quantities with great accuracy and repeatability. Moreover, the thermal sensor is a sensor that detects the temperature, heat, heat flux/capacity, and thermal conductivity to be measured. The most familiar type of thermal sensor in our lives is a thermometer, which is used to measure the temperature of solids, liquids, and gases. While there are various types of thermal sensors that have detection capability according to the range of applications, they are primarily industrial thermocouples or thermistors. This has increased adoption in various industries such as food and beverages, textile, and healthcare among others, which is expected to drive market growth.

  • Demand for contactless sensors

Non-contact thermometers, also known as Infrared (IR) thermometers, measure temperature from a distance. Every form of matter with a temperature above absolute zero (0 K) emits infrared radiation relative to its temperature. This is called characteristic radiation. The emissivity of a material is the relative ability of its surface to emit energy by radiation. The increase in demand for contactless sensors that can be deployed in potentially hazardous environments, including places exposed to radiation is expected to drive market growth.

Opportunity

  • Rise in trend of wearable devices

The increase in demand for digital maturity has extended profitable opportunities for the market players in the past few years. In addition, the advent of artificial intelligence, automation, and facial recognition technologies will further expand the future market growth.

Restraint/Challenge

  • High initial cost involved in advanced sensors

The easy-to-use nature and low cost of conductive ink are expected to restrain the thermocouple temperature sensors market growth as it will limit the advancements within the market, which will prove to be a demerit for market growth.

The North America thermocouple temperature sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the thermocouple temperature sensors market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In March 2020, Emerson Electric Co., which is engaged in providing automated and commercial & residential solutions to various industries, launched Rosemount 214C temperature sensors. The new temperature sensors provided various thermocouple types offered in a variety of element configurations. This product launch helped the company to strengthen its product portfolio
  • In May 2020, Yokogawa Electric Corporation announced the release of new temperature sensors for the Sushi Sensor wireless Industrial IoT (IIoT) solution in Europe, North America, and specific Southeast Asian markets. The sensor facilitates the online collection of temperature data from equipment, such as tanks and furnaces, and supplements the vibration and surface temperature monitoring capabilities of the integrated XS770A wireless vibration sensor.

North America Thermocouple Temperature Sensors Market Scope

The North America thermocouple temperature sensors market is segmented based on type, construction type, temperature range, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Base Metal Thermocouple
  • Noble Metal Thermocouple

Construction Type

  • Grounded Thermocouple
  • Exposed Thermocouple
  • Ungrounded Thermocouple

Temperature Range

  • (-200C) to 900C
  • (-200C) to 1250C
  • 0 to 750C
  • (-250C) to 350C
  • 0 to 1500C
  • 0 to 1700C

Application

  • Automotive
  • Chemical and Petrochemical
  • Power Generation
  • Metals and Mining
  • Oil and Gas
  • Food and Beverage
  • Life Science
  • Aerospace
  • Waste and Water Treatment

North America Thermocouple Temperature Sensors Market Regional Analysis/Insights

The North America thermocouple temperature sensors market is analyzed, and market size insights and trends are provided by country, type, construction type, temperature range, and application, as referenced above.

The countries covered in this market report are U.S., Canada, and Mexico.

The U.S. accounted for the largest market share due to the increased spending capacity of consumers for smart electronics, which is augmenting the demand for thermocouple temperature sensors.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and North America Thermocouple Temperature Sensors Market Share Analysis

The North America thermocouple temperature sensors market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the North America thermocouple temperature sensors market are

  • Honeywell International Inc. (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)
  • OMEGA Engineering (U.S.)
  • West Control Solutions (U.K.)
  • WIKA Alexander Wiegand SE & Co. KG (Germany)
  • TE Connectivity (Switzerland)
  • Peak Sensors Ltd (U.K.)


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FREQUENTLY ASK QUESTIONS

The North America Thermocouple Temperature Sensors Market will be worth USD 821.27 million by 2030.
The North America Thermocouple Temperature Sensors Market Growth Rate is 7.87% during the forecast period.
The Adoption of sensors for various applications and Demand for contactless sensors are the Growth drivers of the North America Thermocouple Temperature Sensors Market.
The type, construction type, temperature range, and application are the factors on which the North America Thermocouple Temperature Sensors Market research is based.
The Emerson Electric Co., which is engaged in providing automated and commercial & residential solutions to various industries, launched Rosemount 214C temperature sensors and Yokogawa Electric Corporation announced the release of new temperature sensors for the Sushi Sensor wireless Industrial IoT (IIoT) solution in Europe, North America, and specific Southeast Asian market are the latest developments in the North America Thermocouple Temperature Sensors Market.
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