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The European market for thermocouple temperature sensor is expected to grow at a CAGR of 3.82% from 2019 to 2027. It had captured a revenue of $XX million in 2018 and is expected to reap $XX million by the end of the forecasting period.
The thermocouple temperature sensor market in Europe is expected to remain steady during the forecasting period of 2019-2027. Process industries such as oil and gas and petrochemicals will account for approximately half of the market in this region. Germany generates XX% of the demand in this region. The other important countries that contribute generously to the regional market for the thermocouple temperature sensor are that of the United Kingdom, France, Italy, Spain, Russia and the Rest of Europe.
STMicroelectronics, Texas Instruments, Bosch Sensortec, NXP Semiconductors N.V., Honeywell International Inc., Microchip Technology Inc., Maxim Integrated Products Inc., Keyence Corporation, TE Connectivity, and Danfoss A/S are the major companies operating in the market.