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Global Bare Thermocouple Wire Market Insight January 29, 2022 Comments

The Bare Thermocouple Wire is forecast to crazy over the next few years. According to WK-chem Research, “Global Bare Thermocouple Wire Professional Survey Report 2022, Forecast to 2027”, The Bare Thermocouple Wire industry is growing rapidly as consumer demand for light energy . The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.5% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“Bare Thermocouple Wire will remain profitable for years to come as it has major advantages such as high temperature resistance, low cost, durability, and wide temperature range.” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK- chem Research.
Market insight:
The bare thermocouple wire market is significantly driven by ongoing market trends in the automotive industry. For example, the digitization of vehicles and the installation of digital equipment are likely to bring about high market growth. with the naked
With the widespread use of bare thermocouple wire, technological advancements in the semiconductor industry have been followed by developments in the steel and aluminum industries. In recent years, the high demand for thermocouple-grade wire for the production of thermocouple probes has gained a huge impetus, creating new opportunities. However, the availability of cheap alternatives and lack of standardization created growth challenges in the following years.
Competition Landscape:
There are many bare thermocouple wire manufacturers in the world, Sandvik (Kanthal), Aperam, Isabellenhütte, Furukawa Techno Material, OMEGA Engineering, Thermo-electra, Pyromation, Pelican Wire, Thermo Sensors, Yamari Industries, Concept Alloys, Nanmac, TMH GmbH, etc. is a major player in the thermocouple bare wire market. Sandvik (Kanthal) is the world’s leading seller of bare thermocouple wire with a market share of around 16% by revenue.
Segmentation of Bare Thermocouple Wire:
Based on wire type, the market is segmented into K-type, J-type, N-type, R-type, S-type, etc. K-type bare thermocouple wire is expected to remain the dominant segment of the market during the forecast period. However, N-type bare thermocouple wire is expected to be the fastest growing segment over the same period. Type K wire dominates the market due to its excellent oxidation and corrosion resistance properties. The wide operating temperature range of Type K and its performance in extreme environmental conditions make it a long-term choice for other bare thermocouple wire.
On the basis of end-user industry type, the market is segmented into transportation, steel and metal processing, glass and ceramics, power, oil and gas, and others. The transportation industry is likely to remain the growth engine of the market during the forecast period. Rising production of automobiles, especially in emerging economies such as China and India; rising demand for subways and high-speed bullet trains; rising aircraft deliveries are driving the demand for bare thermocouple wire in the industry.
Bare Thermocouple Wire Market: Regional Analysis:
By region, the bare thermocouple wire market can be segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. In terms of region, Asia Pacific is expected to remain the largest market for bare thermocouple wire during the forecast period. Asia Pacific dominates the global market in chemical, steel, aluminum and glass production. Expansion in the automotive and aerospace industries further fuels the growth of the bare thermocouple wire market in the region. China is a growth engine for the market in the region and one of the world’s largest producers of chemicals and petrochemicals. China’s automotive and aerospace industries have also seen significant growth due to the availability of necessary inputs and cheap labor. These factors are driving the growth of the bare thermocouple wire market in this region. Europe is expected to remain the second largest market for bare thermocouple wire during the forecast period. Rising automotive production, ongoing economic recovery in the region, and expanding industrial sector are propelling the growth of the bare thermocouple wire market in the region. Growing glass and steel production in the region is acting as a catalyst for the growth of the European bare thermocouple wire market.
Cagr: 4.5%
Largest share area: Asia Pacific
Largest share country: China and India
Product Type: Type K, Type J, Type N, Type R, Type S
Application: Transportation, Steel and Metal Processing, Glass and Ceramics, Electricity, Oil and Gas
Leading Company: Sandvik (Kanthal), Aperam, Isabellenhütte, Furukawa Techno Material, OMEGA Engineering