Global thermocouple temperature sensors market is estimated to grow with approximately 4.89% CAGR during the forecasting years of 2019-2027 and is expected to gain $1,256 million till the year 2027.

A temperature sensor is a device that provides temperature measurement using an electrical signal. The temperature sensor can be either a thermocouple or an RTO. A thermocouple (T/C) is comprised of two dissimilar metals that are capable of generating an electrical voltage in similar proportion as to changes made in the temperature. Whereas, a Resistance Temperature Detector (RTD) which varies its electrical resistance directly proportional to variations in temperature in a precise, repeatable and linear pattern.

These sensors have widespread use in industries, such as the automobile, residential, medical, environmental, food processing, and chemicals, owing to their low cost, small size, and ease of use. In the automotive industry, these temperature sensors are used to adjust fuel injection, ignition timing, and cooling fan. They are used to measure the temperature of engine intake air, calculate the engine oil temperature, disk-break temperature, and to regulate exhaust gas recirculation. In the medical industry, temperature sensors can be used to monitor the body, blood, ablation, and respiratory air temperatures.

Global thermocouple temperature sensors market is primarily driven by the following factors:

• Increasing sales and advancement of automobiles
• Growing technological developments
• The growing importance of safety & security

One of the important drivers is the increase in the sales and advancement of automobiles. Thermocouple temperature sensors are mainly used for thermal management and automatic transmissions systems in the automotive industry. Thus, an increase in the sales of automobiles will lead to growth in the global thermocouple temperature sensors market.

The thermocouple temperature sensors market is segmented on the basis of application where they are further applied in sectors such as Food and Beverage Power Generation, Automotive, Petrochemicals and Chemicals, Oil and Gas, Metals and Mining, Aerospace and others applications. A whole range of industrial-grade thermocouple sensors, along with their subsequent measuring components, finds application in many different kinds of manufacturing and other temperature-critical production processes. For instance, these thermocouple sensors find applications in cold storage to maintain the freezing temperature of products, mostly seafood and processed products, such as dairy products, in order to keep them fresh so that they can be used for an extended period.

Significant use of other temperature sensors is the major factors hindering the thermocouple temperature sensors market.

Global thermocouple temperature sensors market is segmented based by application.

By application, global thermocouple temperature sensor market is further segmented into:

• Food and Beverage
• Power Generation
• Automotive
• Petrochemicals and Chemicals
• Oil and Gas
• Metals and Mining
• Aerospace
• Others Applications

Geographically, the global thermocouple temperature sensors market has been segmented on the basis of five major regions, which includes:

• North America Thermocouple Temperature Sensor Market: the United States & Canada
• Europe Thermocouple Temperature Sensor Market: United Kingdom, Germany, France, Spain, Italy, Russia & Rest of Europe
• Asia Pacific Thermocouple Temperature Sensor Market: China, India, Japan, Australia, South Korea & Rest of Asia Pacific
• Rest of World- Latin America and Middle East & Africa

The North America region was the highest contributor to the global market. The countries considered in the North America region are the United States and Canada. The construction of smart homes, the growing automotive industry, and rising demand from the consumer electronics segment will create high demand for temperature sensors. North America is the largest market for smart homes, where temperature sensors are used to track and monitor indoor and outdoor weather.

The major market players of the global thermocouple temperature sensors market are:

• STMicroelectronics
• Texas Instruments
• NXP Semiconductors N.V.
• Keyence Corporation
• Microchip Technology Inc.
• Maxim Integrated Products Inc.
• Honeywell International Inc.
• Danfoss A/S
• Bosch Sensortec
• TE Connectivity

The company profiles section covers the analysis of important market players. These companies are using organic and inorganic strategies for growth. For instance, in May 2019, Texas instrument launched TMP390 (ACTIVE) ultra-small, dual-channel, 0.5-µA, resistor-programmable temperature switch. The TMP390 ultra-low power, dual channel, resistor programmable temperature switches enable detection and protection of system thermal events over a wide temperature range.

Key findings of the global thermocouple temperature sensors market

• Automotive sector is rapidly implementing thermocouple temperature sensors
• Government regulations and emission control
• Growing importance of temperature sensors in food and beverage