The demand for the global thermocouple temperature sensor is expected to increase between 2024 and 2028 because of the sensor industry’s growth and the desire for digitalization.
According to TechSci Research report, “Thermo Couple Temperature Sensor Market– Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028F”, The Global Thermo Couple Temperature Sensor market is expected to show consistent growth throughout the industry in the coming years. The need for sensors is expected to increase in the future years due to several other variables, including the advancement of technologies on the worldwide market and the growing trend of industrial digitalization.
Due to the widespread use of thermocouple temperature sensors in automatic transmission systems and thermal management in the automotive industry, strict emission regulations set by the government, advancements in the autonomous vehicle space, and an increase in the global penetration of electric vehicles (EV) are the key factors that are expected to drive the global Thermo Couple Temperature Sensor market during the forecast period.
The market for thermocouple temperature sensors is largely being driven by rising automotive sales and technological advancements, along with the increasing relevance of safety and security. These gadgets are widely employed in the automobile sector, where they are used to modify the cooling fan, fuel injection, and ignition timing. Additionally, they are utilised to compute the engine oil temperature, measure the temperature of the disc brake, and control the recirculation of exhaust gases.
In the automobile sector, thermocouple temperature sensors are mostly utilised for automatic transmission and thermal management systems. Due to their low price, compact size, and simplicity of use, these sensors are widely used in a variety of sectors, including the chemical, automotive, residential, medical, environmental, and food processing. These temperature sensors are employed in the automobile sector to modify cooling fan, fuel injection, and ignition timing. They are used to determine the engine oil temperature, disk-brake temperature, to control the recirculation of exhaust gases, and to measure the temperature of engine intake air. Temperature sensors can be utilised in the medical field to track body, blood, ablation, and breathing air temperatures.
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global thermo couple temperature sensor is segmented by type, by application and by construction type. based on type, the market is segmented into base metal thermocouple and noble metal thermocouple. based on application, the market is segmented into power generations, food & beverages, automotive and oil & gas, petrochemicals and chemicals metals and mining, aerospace, and others. The production of EVs is another factor for the market’s growth in the upcoming years. The automotive segment is anticipated to hold a significant portion of the market during the forecast period due to its portable and small sensor technologies, which enable them to regularly monitor the heating issue, increase the device’s life and reduce damage, while also ensuring that the batteries are charged sufficiently.
Based on applications, the market is divided into power generations, food & beverages, automotive and oil & gas, petrochemicals and chemicals metals and mining, aerospace and others. In the “others” category, there are further divisions for electrical, life science, plastics, and water and wastewater management.
Based on Construction Type, the market is segmented into Grounded Thermocouples, Exposed Thermocouples, Ungrounded Thermocouples.
Government efforts to achieve safety regulations, as well as an increasing global focus on security and surveillance, will boost market development between 2024 and 2028. The market is growing because of the high demand for consumer electrical goods. The growth of temperature sensors has also been sparked by the emergence of IoT and IIoT, as a result of the trend toward digitalization in electronics. The digital revolution in the sensing sector has helped manufacturers create new temperature sensors using low-interface digital technology. Throughout the forecast period, the market for temperature sensors is anticipated to grow due to the rising use of these sensors in the industrial sector. New technological developments in the petrochemical sector are significant drivers of market growth for temperature sensors.
Key market players in the Thermo Couple Temperature Sensor market:
- Honeywell International
- ABB Ltd
- Analog Devices, Inc
- Emersion Electric Co
- Kongsberg Gruppen ASA
- Maxim Integrated Products, Inc
- Microchip Technology, Inc
- Mouser Electronics, Inc
- NXP Semiconductors NV
- Texas Instruments, Inc.
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“The thermo couple temperature sensors market is largely driven by its exceptional qualities, including longevity, precision, and low power usage. Government rules that strictly enforce the use of temperature sensors in applications to prevent heating problems are another factor supporting growth. Furthermore, temperature sensors are rapidly gaining acceptance in the industrial sector and in automotive applications, which is further boosting market expansion. The main barriers to industry expansion, however, are technical knowledge about sensor and heating concerns under harsh conditions. Furthermore, in the years to come, the industry is anticipated to benefit greatly from technological improvements.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Thermo Couple Temperature Sensor Market Segmented By Type (Base Metal Thermocouple and Noble Metal Thermocouple,), By Application (Power Generations, Food & Beverages, Automotive and Oil & Gas, Petrochemicals and Chemicals Metals and Mining, Aerospace and Others), By Construction Type (Grounded Thermocouples, Exposed Thermocouples, Ungrounded Thermocouples), By Region, Competition” has evaluated the future growth potential of thermo couple temperature sensor market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Thermo Couple Temperature Sensor Market.
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