Analysis of Armoured Thermocouple market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
A thermocouple is produced by connecting two different metals at the end. The joint end is called as the hot junction while another end of these different metals is called as the cold junction. The cold junction is formed at the end point of armoured thermocouple material. They are most commonly used for temperature sensing applications. Armoured thermocouples have a protective sheath covering which is a layer of wound metal wire is wrapped around the armoured thermocouple cable. Wire armour is usually made of galvanized steel, stainless steel, or aluminum and can be used over a lead sheath.
It is used with the sheath as a buried cable to provide protection from moisture when used in buildings. Armoured thermocouples are used widely as extension cables. These cables are designed to connect various electrical instrument circuits and facilitate communication in manufacturing plants surroundings. Armoured thermocouples have flame retarding properties.
Hence, armoured thermocouples are especially useful in areas where the fire might create dense and toxic fumes which would result in damage to equipment. Due to these factors, the market for the armoured thermocouple is expected to grow further globally, during the forecast period.
Globally, the armoured thermocouple market is anticipated to grow on the backdrop of the petroleum and chemical industries during the forecast period. There are several key factors that drive the global armoured thermocouple market. One of the factors is that armoured thermocouple wires and cables have become one of the most reliable and widely used means of accurate temperature measurement as this thermocouple can sustain over a wide range of temperatures. The properties associated with the armoured thermocouple are favorable for its application in end-use industries such as petroleum, chemical, ceramic, etc. The armoured thermocouple is made of metals like steel, aluminum, etc. in order to prevent moisture and corrosion. Armoured thermocouple finds application such as insulation, shell connecting, etc. The global market for the armoured thermocouple is anticipated to have a positive outlook during the forecast period.
Despite the positive outlook, there are some factors that might hinder the growth of the global armoured thermocouple market. Armoured thermocouples are manufactured by joining two different metals, as the metals are exposed to corrosion, which sometimes becomes difficult to distinguish. Corrosion in the armoured thermocouple may result in the error in the temperature measurement. The maintenance and proper care of armoured thermocouple can minimize the errors. Overall the outlook for the armoured thermocouple is anticipated to be positive.
Geographically, the armoured thermocouple market has been divided into North America, Western Europe, Latin America, Eastern Europe, the Asia Pacific excluding Japan, Middle East & Africa, and Japan. The Asia Pacific excluding Japan armoured thermocouple market is expected to grow above average growth rate during the forecast period owing to the presence of a large number of armoured thermocouple manufacturers. North America armoured thermocouple market and Western Europe armoured thermocouple market are anticipated to hold significant market share in the global armoured thermocouple market.
Following are some of the key players operating in the global armoured thermocouple market: Thermosense, Anhui Huaguang Instrument Cable, Permanoid, Jiangsu Premium, Thermo Electric, Siccet, Cixi Flowmeter, Temperature Controls and Wenzhou Shangtong Instruments. Many small and unorganized market players are expected to contribute to the armoured thermocouple market during the forecast period.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
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The global armoured thermocouple market has been segmented by application, material type, and end-use.
On the basis of application, the global armoured thermocouple market is segmented as:
On the basis of material type, the global armoured thermocouple market is segmented as:
On the basis of end use industry, the global armoured thermocouple market is segmented as:
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The valuation of the armoured thermocouple market stands at US$ 1.5 billion.
The market is estimated to grow at a CAGR of 4.5% owing to the growing demand from the petroleum and chemical industries.
Manufacturers are likely to find the most opportunities in Asia Pacific Excluding Japan.
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