KEY FINDINGS
A temperature sensor is a device that provides temperature measurement using an electrical signal. The temperature sensor can be either a thermocouple or an RTO. These sensors have widespread use in industries, such as the automobile, residential, medical, environmental, food processing, and chemicals, owing to their low cost, small size, and ease of use.
Global thermocouple temperature sensors market is estimated to grow with approximately 4.89% CAGR during the forecasting years of 2019-2027 and is expected to gain $1,256 million till the year 2027.
MARKET INSIGHTS
The increasing sales and advancement of automobiles, growing technological developments and the growing importance of safety & security are primarily driving the growth of the global thermocouple temperature sensors market. These devices find significant application in the automotive industry where they are used to adjust fuel injection, ignition timing, and cooling fan. They are also used to measure the temperature of engine intake air, calculate the engine oil temperature, disk-break temperature, and to regulate exhaust gas recirculation.
One of the important drivers is the increase in the sales and advancement of automobiles. Thermocouple temperature sensors are mainly used for thermal management and automatic transmissions systems in the automotive industry. Thus, an increase in the sales of automobiles will lead to growth in the global thermocouple temperature sensors market.
REGIONAL INSIGHTS
Geographically, the global thermocouple temperature sensors market has been segmented on the basis of five major regions which are the North America, Asia Pacific, Europe and the remaining nations banding together to form the Rest of World regional segment. The countries considered in the North America region are the United States and Canada. The construction of smart homes, the growing automotive industry, and rising demand from the consumer electronics segment will create high demand for temperature sensors. North America is the largest market for smart homes, where temperature sensors are used to track and monitor indoor and outdoor weather.
COMPETITIVE INSIGHTS
The major companies operating in the market are Keyence Corporation, Honeywell International Inc., NXP Semiconductors N.V., Bosch Sensortec, STMicroelectronics, Danfoss A/S, Texas Instruments, TE Connectivity, Maxim Integrated Products Inc., and Microchip Technology Inc.
Global Thermocouple Temperature Sensor Market Forecast 2019-2027
Table of Contents
1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Automotive Sector Is Rapidly Implementing Thermocouple Temperature Sensors
3.2.2. Government Regulations And Emission Control
3.2.3. Growing Importance Of Temperature Sensors In Food And Beverage
4. Market Dynamics
4.1. Market Definition & Scope
4.2. Market Drivers
4.2.1. Increasing Sales And Advancement Of Automobiles
4.2.2. Growing Technological Developments
4.2.3. Growing Importance Of Safety & Security
4.3. Market Restraints
4.3.1. Significant Use Of Other Temperature Sensors
4.4. Market Opportunities
4.4.1. Rising Demand For Smartphones And Wearables
4.4.2. Growing Aerospace Industry
4.5. Market Challenges
4.5.1. Decreasing Prices Of The Thermocouple Temperature Sensors
4.5.2. Challenges Of Thermocouple Temperature Sensors
5. Market By Application
5.1. Food And Beverage
5.2. Power Generation
5.3. Automotive
5.4. Petrochemicals And Chemicals
5.5. Oil And Gas
5.6. Metals And Mining
5.7. Aerospace
5.8. Other Applications
6. Key Analytics
6.1. Porter's Five Force Model
6.1.1. Threat Of New Entrants
6.1.2. Threat Of Substitute
6.1.3. Bargaining Power Of Suppliers
6.1.4. Bargaining Power Of Buyers
6.1.5. Threat Of Competitive Rivalry
6.2. Opportunity Matrix
6.3. Vendor Landscape
6.4. Value Chain Analysis
7. Geographical Analysis
7.1. North America
7.1.1. United States
7.1.2. Canada
7.2. Europe
7.2.1. Germany
7.2.2. United Kingdom
7.2.3. France
7.2.4. Spain
7.2.5. Italy
7.2.6. Russia
7.2.7. Roe (Rest Of Europe)
7.3. Asia Pacific
7.3.1. India
7.3.2. China
7.3.3. Japan
7.3.4. South Korea
7.3.5. Australia
7.3.6. Rest Of Asia Pacific (Roapac)
7.4. Rest Of World
7.4.1. Latin America
7.4.2. Middle East And Africa
8. Competitive Landscape
8.1. Company Profile
8.1.1. Stmicroelectronics
8.1.2. Texas Instruments
8.1.3. Nxp Semiconductors N.V.
8.1.4. Keyence Corporation
8.1.5. Microchip Technology Inc.
8.1.6. Maxim Integrated Products Inc.
8.1.7. Honeywell International Inc.
8.1.8. Danfoss A/S
8.1.9. Bosch Sensortec
8.1.10. Te Connectivity
List of Tables
Table 1 Global Thermocouple Temperature Sensor Market, By Geography, 2019-2027, (In $ Million)
Table 2 Global Thermocouple Temperature Sensor Market, By Application, 2019-2027, (In $ Million)
Table 3 Global Food And Beverage Market, By Region, 2019-2027, (In $ Million)
Table 4 Global Power Generation Market, By Region, 2019-2027, (In $ Million)
Table 5 Global Automotive Market, By Region, 2019-2027, (In $ Million)
Table 6 Global Petrochemicals And Chemicals Market, By Region, 2019-2027, (In $ Million)
Table 7 Global Oil And Gas Market, By Region, 2019-2027, (In $ Million)
Table 8 Global Metals And Mining, Market, By Region, 2019-2027, (In $ Million)
Table 9 Global Aerospace, Market, By Region, 2019-2027, (In $ Million)
Table 10 Global Other Applications Market, By Region, 2019-2027, (In $ Million)
Table 11 Opportunity Matrix
Table 12 Vendor Landscape
Table 13 Global Thermocouple Temperature Sensor Market, By Geography, 2019-2027, (In $ Million)
Table 14 North America Thermocouple Temperature Sensor Market, By Country, 2019-2027 (In $ Million)
Table 15 Europe Thermocouple Temperature Sensor Market, By Country, 2019-2027 (In $ Million)
Table 16 Asia Pacific Thermocouple Temperature Sensor Market, By Country, 2019-2027 (In $ Million)
Table 17 Rest Of World Thermocouple Temperature Sensor Market, By Regions, 2019-2027 (In $ Million)
List of Figures
Figure 1 Global Thermocouple Temperature Sensor Market Share, By Application 2018 & 2027 (%)
Figure 2 Global Automotive Market, 2019-2027 (In $ Million)
Figure 3 Porter's Five Force Model
Figure 4 Value Chain Analysis
Figure 5 Global Thermocouple Temperature Sensor Market, Regional Outlook, 2018 & 2027, (%)
Figure 6 United States Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 7 Canada Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 8 Germany Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 9 United Kingdom Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 10 France Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 11 Spain Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 12 Italy Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 13 Russia Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 14 Roe Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 15 India Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 16 China Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 17 Japan Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 18 South Korea Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 19 Australia Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 20 Rest Of Asia Pacific Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 21 Latin America Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
Figure 22 Middle East And Africa Thermocouple Temperature Sensor Market, 2019-2027 (In $ Million)
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