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A Precious Metal Thermocouple is a sensor used to measure temperature. Thermocouples consist of two wire legs made from different metals. The wires legs are welded together at one end, creating a junction. This junction is where the temperature is measured. When the junction experiences a change in temperature, a voltage is created. The voltage can then be interpreted using thermocouple reference tables to calculate the temperature.
Much of the growth has been attributed to expanding automotive industries in emerging markets and the growth of the consumer electronic industries; both of which heavily utilise thermocouples. Another potential market is in automated systems for manufacture or CIM (Computer Integrated Manufacture). Companies that can automate the whole process of manufacturing a product require the use of sensors and controllers, which is where thermocouples would come in, and can be implemented into a system to also control the temperature where necessary. This is becoming increasingly popular, as the benefits are vast for manufacturers, particularly as reduction in costs and improvements in quality can be achieved.
Non-contact forms of temperature measurement will thrive in the future. Although not yet advanced enough to firmly root itself in the temperature measurement industry, many believe non-contact has much more potential in the future. Along with the thermocouple market research. Non-contact forms of temperature measurement shows much higher growth rates, but a significantly lower overall market size.
According to this study, over the next five years the Precious Metal Thermocouple market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 300 million by 2023, from US$ 220 million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Precious Metal Thermocouple business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Precious Metal Thermocouple market by product type, application, key manufacturers and key regions and countries.
This study considers the Precious Metal Thermocouple value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 11.7.
- R Type
- S Type
- B Type
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- Durex Industries
- Cleveland Electric Laboratories
- Chongqing Dazhi
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Precious Metal Thermocouple consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Precious Metal Thermocouple market by identifying its various subsegments.
- Focuses on the key global Precious Metal Thermocouple manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Precious Metal Thermocouple with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Precious Metal Thermocouple submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.