Thermo Couple Temperature Sensor Market to be Dominated by Automotive Sector
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.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on "Global Thermo Couple Temperature Sensor Market”
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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