Thermocouple Converter: Introduction
- A thermocouple is an electrical device made of two dissimilar electrical conductors that come together to form an electrical junction. As a result of the Seebeck effect, a thermocouple generates a temperature-dependent voltage, which can be interpreted to measure temperature.
- It is a type of transducer that directly converts thermal energy into electrical energy by joining wires made of dissimilar metals to form a junction
- Thermocouple converters are commonly found in industrial thermal monitoring, medical equipment, and HVAC/appliances
- One of the major factors driving market growth is the increasing demand for thermocouple converters in temperature conversion applications in diverse industries. Furthermore, initiatives such as Industry 4.0 and a focus on productivity improvement have led to widespread adoption of automation in various industries, which in turn is estimated to fuel the market during the forecast period.
- Maxim Integrated offers MAX31850/MAX31851 Thermocouple to Digital Converters that simplify design and reduce system costs. This device detects thermocouple shorts to GND or VCC to simplify system fault management and troubleshooting. These devices are also capable of detecting an open thermocouple. They are suitable for a wide range of applications, including precision industrial thermal monitoring, medical equipment, solar equipment, automotive, etc.
Increasing Demand from Automotive Applications
- Based on application, the automotive segment is expected grow at a rapid pace during the forecast period due to an increase in demand for temperature measurement in automobiles
- Majorly in electric vehicles, thermocouple is used to collect temperature measurements from a battery temperature. Automotive thermocouples accurately measure and record important readings for vehicles, including on-board diagnostic system readings.
- Increasing production of electric vehicle globally, favorable government regulation for the development of EV, and adoption of automation process in the automotive industries are key factors that are projected to propel the segment during the forecast period. According to the U.S. Department of Energy, new light-duty plug-in electric vehicles sales, including all-electric vehicles (EVs) and plug-in hybrid electric vehicles, approximately doubled from 308,000 in 2020 to 608,000 in 2021. EV sales registered for 73% of all plug-in electric vehicle sales in 2021.
Asia Pacific to Lead Global Thermocouple Converter Market
- In terms of region, the global thermocouple converter market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- The thermocouple converter market in Asia Pacific is expected grow at a rapid pace during the forecast period due to a rise in the demand for thermocouple converter from commercial and industrial applications
- Rapid industrialization, growing investment in business expansion activities by major manufacturing and commercial industry players, and favorable economic conditions are major factors accelerating the growth of thermocouple converter market in the region
- Some of the major players from Asia Pacific provide various converters in the market and contribute to the market growth. For instance, SHIMADEN CO., LTD. is designing, manufacturing and selling of temperature/humidity controllers for industrial applications. The company has developed potentiometer converter, ac-dc signal converter for the market in Asia Pacific and other regions.
- The thermocouple converter market in North America, and Europe is expected to grow at a considerable pace owing to an increase in demand from U.S., Canada, and countries in Western Europe. The market in Middle East & Africa, and South America is anticipated to expand at moderate pace during the forecast period.
Key Players Operating in the Global Thermocouple Converter Market
The global thermocouple converter market was highly fragmented in 2021. Major players that are actively participating in the global Thermocouple Converter market are focusing on developing advanced products. Moreover, manufacturers are undertaking mergers and acquisitions activities to expand global reach and create innovative products.
Key players operating in the global thermocouple converter market are:
- Watanabe Electric Industry Co. Ltd.
- SHIMADEN CO., LTD.
- Schneider Electric
- Pepperl+Fuchs
- Maxim Integrated
- Yokogawa Europe
- ABB
- SENECA srl
- Weidmüller Interface GmbH & Co. KG
- PHOENIX CONTACT
- Rockwell Automation, Inc.
Global Thermocouple Converter Market: Research Scope
Global Thermocouple Converter Market, by Converter Type
- Digital Converter
- Analog Signal Converter
- Temperature Converter
- Communication Converter
Global Thermocouple Converter Market, by Application
- Industrial Thermal Monitoring
- Medical equipment
- HVAC/Appliances
- Solar equipment
- Automotive
Global Thermocouple Converter Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
