Type T Thermocouple Market

Type T Thermocouple Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Type T Thermocouple: Introduction

  • Type T thermocouple is suitable to measure low temperature. This type of thermocouple is highly stable thermocouple and is majorly used in extremely low temperature applications such as cryogenics or ultra-low freezers.
  • Copper-based thermocouple has a much larger thermal conductivity than the alloys that are commonly used in thermocouple construction
  • Type T thermocouple offers higher accuracy, as it can operate well in presence of moisture without oxidizing. It is used in range of applications including industrial application, aircraft & aerospace, power generation, pharmaceutical, metal processing, oil and gas, and chemical/petrochemical, due to its advantageous such as self-powered, simple, rugged, lower cost, and wide temperature range.
  • Some hot runner thermocouples are specifically developed for the plastic industry. They are suitable for measuring tasks where the metal sensor tip is directly fitted into a drilled hole.
  • Increase in adoption of type t thermocouples in automation processes in various industries is one of the significant factors driving market growth. Furthermore, increasing importance in diverse industries about safety, security, and quality is fuelling the type t thermocouple market.

Rise in Demand from Power Generation Applications Boosts Market

  • Based on application, the power generation segment is expected grow at a rapid pace during the forecast period. Type T Thermocouple used for the generation of electricity in a cost-effective way. Applying heat to the one end of thermocouple can produce electricity. Presently, renewable energy is a more crucial alternative to electricity generation, as it would also provide a cleaner environment for future generations. These factors drive the demand of type t thermocouple for power generation applications.
  • According to the International Energy Agency (IEA), in 2021, renewable energy generation expanded by over 8% to reach 8300 TWh. Solar PV and wind contribute two-thirds of renewable energy growth. China accounted for nearly half of the global increase in renewable electricity in 2021, followed by the U.S., the European Union, and India.

Asia Pacific to Lead Global Type T Thermocouple Market

  • In terms of region, the global type T thermocouple market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • The type t thermocouple market in Asia Pacific is expected expand at a rapid pace during the forecast period due to an increase in demand for various applications that range from home appliances to industrial processes, to furnace monitoring and control, to processing of food and beverage, to automotive sensors, to electric power generation, to aircraft engines, to rockets, satellites and spacecraft
  • Rising industrialization activities to boost economy and growing renewable power generation have propelled the demand for type t thermocouples.
  • China and India are major economies in Asia Pacific who contribute to the region’s growth owing to supportive government regulation and rising adoption of advanced electronic devices in various industries to make operation safer and efficient
  • The type t thermocouple market in North America, and Europe is expected to expand at a considerable pace during the forecast period due to rising need to upgrade existing aging industrial systems. Moreover, rising investment in new infrastructure of smarter or automation processes has accelerated the adoption of type t thermocouple. On the other hand, the market in Middle East & Africa, and South America is expected to grow at a moderate pace during the forecast period.

Key Players Operating in the Global Type T Thermocouple Market

The global type T thermocouple market was highly fragmented in 2021. Major players that actively participate in the market are consistently focused on development of new advanced products. Key manufacturers are committed to expand the business and develop innovative products with the aid of mergers and acquisitions activities.

Key players operating in the global type t thermocouple market are:

  • Peak Sensors Ltd
  • Madison Company, Inc.
  • Thermometrics Corporation
  • TMS Europe Ltd
  • Thermocouple Technology, LLC
  • Kelvin Technologies Inc.
  • REOTEMP Instrument Corporation
  • PYROMATION
  • THERMO ELECTRIC COMPANY, INC.
  • Wika Group

Global Type T Thermocouple Market: Research Scope

Global Type T Thermocouple Market, by Material

  • Copper
  • Nickel
  • Platinum
  • Rhodium

Global Type T Thermocouple Market, by Type

  • Mineral Insulated Thermocouple
  • Cable/Wire Thermocouple
  • Miniature Thermocouple
  • Heavy Duty Thermocouple
  • General Purpose Thermocouple
  • Others

Global Type T Thermocouple Market, by Application

  • Aircraft & Aerospace
  • Power Generation
  • Pharmaceutical
  • Metal Processing
  • Oil and Gas
  • Chemical/Petrochemical
  • Pulp & Paper
  • Steel Industry
  • Plastic and Packaging

Global Type T Thermocouple 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

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