(IT-NEWSWIRE.COM, January 11, 2019 ) A Precious Metal Thermocouple is a sensor used to measure temperature. Thermocouples consist of two wire legs made from different metals. The wires legs are welded together at one end, creating a junction. This junction is where the temperature is measured. When the junction experiences a change in temperature, a voltage is created. The voltage can then be interpreted using thermocouple reference tables to calculate the temperature.
Much of the growth has been attributed to expanding automotive industries in emerging markets and the growth of the consumer electronic industries; both of which heavily utilise thermocouples. Another potential market is in automated systems for manufacture or CIM (Computer Integrated Manufacture). Companies that can automate the whole process of manufacturing a product require the use of sensors and controllers, which is where thermocouples would come in, and can be implemented into a system to also control the temperature where necessary. This is becoming increasingly popular, as the benefits are vast for manufacturers, particularly as reduction in costs and improvements in quality can be achieved.
Non-contact forms of temperature measurement will thrive in the future. Although not yet advanced enough to firmly root itself in the temperature measurement industry, many believe non-contact has much more potential in the future. Along with the thermocouple market research. Non-contact forms of temperature measurement shows much higher growth rates, but a significantly lower overall market size.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Cleveland Electric Laboratories
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According to this study, over the next five years the Precious Metal Thermocouple market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 300 million by 2023, from US$ 220 million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Precious Metal Thermocouple business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Precious Metal Thermocouple market by product type, application, key manufacturers and key regions and countries.
This study considers the Precious Metal Thermocouple value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 11.7.
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 11.8.
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Table Of Contents:
1 Scope of the Report
2 Executive Summary
3 Global Precious Metal Thermocouple by Players
4 Precious Metal Thermocouple by Regions
8 Middle East & Africa
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