Global Thermocouple Probe Market Growth 2025-2031

The global Thermocouple Probe market size is predicted to grow from US$ 911 million in 2025 to US$ 1220 million in 2031; it is expected to grow at a CAGR of 5.0% from 2025 to 2031.

Thermocouple probes operate on the principle that an electromagnetic force (emf) is generated when heat is applied to the junction of two dissimilar metals (sending junctions). At the other end of the wires, usually as part of the input instrument, is another junction called the reference junction. The temperature is inferred based on the emf difference between the sensing and the reference junction, which is at a known temperature. Thermocouple probe junction types include exposed junction, ungrounded junction, and grounded junction. Thermocouples offer the greatest temperature range and are more cost effective but are the least sensitive and accurate of the sensor types. A thermocouple probe is suitable for use from -200 to 2000 degrees C.

The petrochemical industry, or petrochemicals for short, generally refers to the chemical industry that uses oil and natural gas as its raw materials.The sudden global outbreak of New Crown Pneumonia in the early 2020"s delivered a huge blow to the petrochemical industry, with the International Energy Agency predicting at the beginning of the 2020"s that global demand for oil in 2020 would fall by 8.1 million barrels per day (bpd). This is the first annual decline in global oil consumption since 2009 and the financial crisis. global refined oil product consumption fell by nearly 30% in the first quarter of 2020, and global oil supply in the second quarter showed the largest single-quarter supply surplus ever. As a result, the market size of petrochemicals in 2020 declined to a certain extent, with the global petrochemicals market size of $422 billion in 2020, a year-on-year decline of 4.3%.2022 In the second half of the year, due to the fall in crude oil prices and shrinking downstream demand, the overall profit of the petrochemicals industry has been significantly narrowed, and a number of enterprises have also incurred losses. The stability of the global trade supply chain has been tested to a certain extent after the New Crown Pneumonia epidemic, and many countries have begun to shift important resources, such as petrochemicals, to local areas after realizing the weak ability of the globalized trade supply chain to resist huge risks.

LP Information, Inc. (LPI) ' newest research report, the “Thermocouple Probe Industry Forecast” looks at past sales and reviews total world Thermocouple Probe sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermocouple Probe sales for 2025 through 2031. With Thermocouple Probe sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermocouple Probe industry.

This Insight Report provides a comprehensive analysis of the global Thermocouple Probe landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermocouple Probe portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermocouple Probe market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermocouple Probe and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermocouple Probe.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermocouple Probe market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Grounded
Ungrounded
Exposed

Segmentation by Application:
Petroleum and Petrochemicals
Power Generation
Aerospace
Semiconductor
High Pressure Furnace
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Antylia Scientific
ThermoWorks
Omega Engineering
Thermometrics Corporation
McMaster-Carr
Emerson Electric
SKF
Honeywell
Fluke Corporation
Watlow
Electronic Temperature Instruments
Evolution Sensors
Thermal Detection
MSC Industrial Direct
Chemglass Life Sciences

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermocouple Probe market?

What factors are driving Thermocouple Probe market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermocouple Probe market opportunities vary by end market size?

How does Thermocouple Probe break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.