Global Thermocouple Temperature Sensors Market 2019-2024 | Industry Analysis by Growth Potential, Types, Applications, Rising Trends and Forecast to 2024 – Industry Research.co

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Thermocouple Temperature Sensors Industry 2019 Global Market Research report provides information regarding market size, share, trends, growth, cost structure, capacity, and revenue and forecast 2024.

The “Thermocouple Temperature Sensors Market” 2019 provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. The impact of prevailing regulatory scenario on both regional and worldwide Thermocouple Temperature Sensors market is provided in detail in the report. Industry Research offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Thermocouple Temperature Sensors market is based on company profiles and their efforts on increasing product value and production.

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Some of The Major Key Players of Thermocouple Temperature Sensors Market Are:

  • Maxim Integrated Inc
  • Keyence Corporation
  • NXP Semiconductors NV
  • Honeywell International Inc.
  • Danfoss Group
  • Texas Instruments Inc.
  • Microchip Technology
  • STMicroelectronics

Scope of the Report:

  • Thermocouple-based temperature sensors account for the largest share of the temperature sensors market. The main advantage of thermocouples is that they operate over a wide range of temperature. In addition, they are among the few sensors strong enough to survive a high-temperature caustic environment, such as an engine.

Market Overview:

  • The thermocouple temperature sensors market is expected to register a CAGR of over 3.68% during the forecast period 2019 - 2024. The increasingly popular trend of the development of smart cities in countries, contributing to the high growth of the electronic security market.
  • - Further, the introduction of advanced technologies in the global sensors market, along with the ever-rising trend of digital transformation in the industrial world, has resulted in a rising demand for sensors, especially for smart sensors.
  • - Moreover, thermocouple temperature sensors are mainly used for thermal management and automatic transmissions systems in the automotive industry. Therefore, the stringent emission norms for automobiles, aggressive development in an autonomous vehicle, and increasing penetration of electric vehicle (EV) globally are some of the major factors driving the market growth. For instance, the Indian government is focusing on creating charging infrastructure and policy framework, so that by 2030, more than 30% of vehicles are electric vehicles.
  • - In February 2019, STMicroelectronics’ has entered into a partnership with Hyundai Autron launch development lab for eco-friendly automotive sensor solutions. The collaboration will provide the environment for engineers to collaborate on pioneering solutions for eco-friendly vehicles, with a focus on powertrain controllers.
  • - However, technical awareness about sensor and heating issues in the extreme condition is the key restraints which hamper the market growth.

Market Dynamics:

  • Drivers: (Developing regions and growing markets)
  • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
  • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

The report provides key statistics on the market status of the Thermocouple Temperature Sensors Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Thermocouple Temperature Sensors .

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Key questions answered in the report include:

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the global Thermocouple Temperature Sensors market?
  • What are the key market trends impacting the growth of the global Thermocouple Temperature Sensors market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Thermocouple Temperature Sensors market?
  • What are the market opportunities and threats faced by the vendors in the global Thermocouple Temperature Sensors market?
  • Trending factors influencing the market shares of the relevant regions.
  • What are the key outcomes of the five forces analysis of the global Thermocouple Temperature Sensors market?

Key Market Trends:

Automotive Industry is Expected to Register a Significant Growth

- The need for temperature sensors for safety and precision measurements of the smart automotive equipment, in order to analyze and produce sensor data timely, is likely to increase because of the miniaturization of the intelligent sensor technology. This is expected to fuel the demand for thermocouple temperature sensors in this application.
- Further, Automatic Temperature Control (ATC) is a common feature among most of the electric vehicles and high-end models in the mid-range segment the increased sales of electric vehicles among high disposable income regions, such as the United States, Germany, and China, provides an opportunity for the growth of the thermocouple temperature sensors market.
- The battery charges used for charging multiple devices in the automotive segment are equipped with temperature-sensing elements that regularly check and monitor the heating issue, as this is a common problem with batteries mostly used in automated vehicles. This helps in increasing the life of devices and decreases damage; thereby, ensuring that the batteries have charged enough.
- Therefore, with increasing electric vehicles manufacturing, thermocouple temperature sensors demand is also expected to increase.

North America Holds the Largest Market Share

- The United States is expected to have a prominent share in the thermocouple temperature sensor market. The country is one of the largest automotive markets in the world and is home to over 13 major auto manufacturers. Electric vehicle use in the United States has risen rapidly, with an estimated 1% of automotive sales in the US market from electric vehicles.
- California dominates the US market in terms of sales of electric vehicles (EVs). It's Zero Emission Vehicle (ZEV) program is driving the demand for EVs, by requiring automakers in the state to sell a certain percentage of electric cars. US auto market, which is likely to further pressurize automakers to expand their affordable EV offerings, thereby fueling the demand for a thermocouple temperature sensor in the country.
- Further, US aerospace manufacturers are very competitive internationally. In 2017, the aerospace industry contributed USD 143 billion in export sales to the US economy. Companies in the aerospace sector, such as Boeing, won contracts worth USD 12 billion in 2018, to supply 47 new 787 Dreamliner jets to American Airlines. Similarly, the company signed a deal with Singapore Airlines for the delivery of 39 new wide-body jets, worth USD 13.8 billion, in 2017. Such trends are expected to drive the demand for a thermocouple temperature sensor in the country.

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Study objectives of Thermocouple Temperature Sensors Market Report:

  • To provide a detailed analysis of the market structure along with the forecast of various segments and sub-segments of the Thermocouple Temperature Sensors market
  • To provide insights into factors influencing and affecting market growth
  • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
  • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
  • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
  • To provide economic factors, technology trends, and market trends that influence the global Thermocouple Temperature Sensors market

Detailed TOC of Thermocouple Temperature Sensors Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Trends of Security and Surveillance
4.3.2 Rapid Technological Developments
4.4 Market Restraints
4.4.1 Dominance of Legacy Temperature Sensor Technologies
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Food and Beverage
5.1.2 Power Generation
5.1.3 Automotive
5.1.4 Petrochemicals and Chemicals
5.1.5 Oil and Gas
5.1.6 Metals and Mining
5.1.7 Aerospace
5.1.8 Other Applications (Plastics, Water and Wastewater Management, Electrical, Life sciences)
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Maxim Integrated Inc
6.1.2 Keyence Corporation
6.1.3 NXP Semiconductors NV
6.1.4 Honeywell International Inc.
6.1.5 Danfoss Group
6.1.6 Texas Instruments Inc.
6.1.7 Microchip Technology
6.1.8 STMicroelectronics

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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