Report Detail
Global Weld-in Thermowells Market- Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026
- RnM3816518 |
- 25 February, 2020 |
- Global |
- 135 Pages |
- AllTheResearch |
- Other
The global weld-in thermowells market was valued at US$ 348.9 Mn in 2018 and is expected to reach US$ 590.7 Mn by the year 2026, growing at a CAGR of 6.8%. Thermowells are cylindrical fittings used to protect temperature sensors such as thermocouples, bimetal and thermometers, and thermistors installed in an industrial process. There are different types of thermowells such as flanged thermowells, threaded thermowells, and socket well thermowells, amongst others. Weld-in thermowells are particularly used for high pressure, high velocity, and applications where corrosive process media exist. The downstream market in Asia-Pacific witnessed a huge spur in the past few years, owing to which the demand for butadiene has witnessed a rapid increase due to its requirement. China has achieved some milestones in shale gas exploration, both in capacity and in drilling techniques, making it one of the top shale gas suppliers worldwide. India, with the support of the United States, is working on developing shale gas exploration in its coastal regions, with US companies joining the exploration process. India has recoverable shale gas reserves, which are estimated to be with a capacity of 96 trillion cubic feet (tcf), mainly in Tamil Nadu, Andhra Pradesh, and Rajasthan.The Krishna-Godavari basin located in eastern India holds the country’s largest shale gas reserves, extending over 7,800 gross square miles, with a prospective area of 4,340 square miles. Six main basins have been identified that can be successfully utilized, namely, Cambay (Gujarat), Assam-Arakan (Northeast), Gondwana (Central India), Krishna Godavari onshore (East coast), Cauvery onshore, and Indo-Gangetic basins. Presently, Australia has the seventh-biggest potential shale gas resources and the sixth-biggest shale oil reserves in the world. According to an estimate, the technically recoverable shale resources were at 437 tcf in six basins and about 1,000 tcf in all the prospective basins in 2013. Australia has large shale gas formations that are similar in size to the Marcellus and Bakken formations in the United States. The market for weld-in thermowells has significantly benefitted from the increasing investments in oil refineries. Additionally, with the expansion plans of current refineries, the demand for refining catalysts is expected to increase during the forecast period, thus benefitting the market to a great extent. For instance, Indian Oil has set a budget of INR 1.8 trillion in order to expand its refineries and businesses over the next 5-7 years. This shall also be covering the expansion of their Panipat and Paradip refineries.Weld-in Straight type thermowell dominated the global weld-in thermowell market in the year 2018Based on type, the market has been segmented into straight, tapered, and stepped thermowell. The straight type segment accounted for 39% share in the year 2018 and is expected to account for 38.3% share by the year 2026.For universal use, where extra quality isn't required, the straight shank or stem is utilized. The shank distance across is 20 mm (3/4"). The last 63.5 mm (2 1/2") of the shank ventures down to 13 mm (1/2") to give quicker reaction. Straight thermowells are intended for use in high speed applications, where additional quality is required. Exceptional consideration will be given to the vibration impacts brought about by the liquid passing the thermowell. The liquid will shape a wake, known as a "Von Karman Trail". The wake has a particular recurrence, which is a component of the width of the thermowell and the liquid speed. On the off chance that the wake recurrence agrees with the common recurrence of the thermowell, the well will vibrate to pulverization.Asia Pacific dominated the global weld-in thermowell market in 2018, with a market share of 38.95% in terms of volume.Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The major factors that are the driving the growth of the weld-in thermowells in this region is the growth in industrialization and the growth in the pharmaceutical and biotech industries in this region. China is one of the top weld-in thermowell consumers with high growth rates. China's refinery capacity is about 14,177 thousand barrels per day, which constitutes 14.6% of the world’s refining capacity.According to the International Trade Association, China’s pharmaceutical sales are expected to reach a value of USD 167 billion by 2020, in comparison to USD 116.7 billion in 2016, majorly driven by a growing aging population. Over 35 major new drugs were launched in 2017, as compared to 5 nationally approved drugs launched in 2016. All aforementioned factors are expected to drive the demand for weld-in thermowells in the country during the forecast period.Company Profiles and Competitive Intelligence:The major players operating in the global weld-In Thermowells market Includes Pyromation, Inc., Ashcroft Inc., Reotemp Instruments, Winters Instruments, WIKA Instrument, Ultra NSPI, ABB Limited, and Tel-Tru Manufacturing.
Chapter 1Preface
1.1Report Description
- 1.1.1Purpose of the Report
- 1.1.2Target Audience
- 1.1.3USP and Key Offerings
1.2Research Scope
1.3Research Methodology
- 1.3.1Phase I – Secondary Research
- 1.3.2Phase II – Primary Research
- 1.3.3Phase III – Expert Panel Review
- 1.3.4Approach Adopted
- 1.3.4.1Top-Down Approach
- 1.3.4.2Bottom-Up Approach
- 1.3.5Assumptions
1.4Market Segmentation Scope
Chapter 2Executive Summary
2.1Market Summary
- 2.1.1Global Weld-in Thermowells Market, 2016-2023, (Million Units) (US$ Mn)
2.1Market Snapshot: Global Weld-in Thermowells Market
2.2Market Dynamics
2.3Global Weld-in Thermowells Market, by Segment, 2018
- 2.3.1Global Weld-in Thermowells Market, by Type, 2018, (Million Units) (US$ Mn)
- 2.3.2Global Weld-in Thermowells Market, by Material Industry, 2018, (Million Units) (US$ Mn)
- 2.3.3Global Weld-in Thermowells Market, by Material, 2018 (Million Units) (US$ Mn)
- 2.3.4Global Weld-in Thermowells Market, by Region, 2018 (Million Units) (US$ Mn)
2.4Premium Insights
- 2.4.1Weld-in Thermowells Market In Developed Vs. Developing Economies, 2018 vs 2023
- 2.4.2Global Weld-in Thermowells Market: Regional Life Cycle Analysis
Chapter 3Market Dynamics
3.1Market Overview
3.2Market Drivers
- 3.2.1Developing oil & gas market in Asia Pacific and Increasing investments in refineries worldwide
- 3.2.2Growing demand for weld-in thermowells in food & beverage industries
3.3Market Restraints
- 3.3.1Fluid flow in thermowells
3.4Future Prospects
- 3.4.1Growing usage of thermowells in water and wastewater treatment
3.5Porters Analysis
3.6PEST Analysis
- 3.6.1Analyst’s Views
3.7Industry SWOT Analysis
Chapter 4Global Weld-in Thermowells Market, by Type
4.1Market Overview, by Type
- 4.1.1Global Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
- 4.1.2Incremental Opportunity, by Type, From 2018-2023
4.2Weld-in Straight Type Thermowell
- 4.2.1Global Weld-in Thermowells Market, by Weld-in Straight Type Thermowell, 2016-2023, (Million Units) (US$ Mn)
4.3Weld-in Tapered Type Thermowell
- 4.3.1Global Weld-in Thermowells Market, by Weld-in Tapered Type Thermowell, 2016-2023, (Million Units) (US$ Mn)
4.4Weld-in Stepped Type Thermowell
- 4.4.1Global Weld-in Thermowells Market, by Weld-in Stepped Type Thermowell, 2016-2023, (Million Units) (US$ Mn)
Chapter 5Global Weld-in Thermowells Market, by End-use Industry
5.1Market Overview, by End-use Industry
- 5.1.1Global Weld-in Thermowells Market, by End-use Industry, 2016-2023 (Million Units) (US$ Mn)
- 5.1.2Incremental Opportunity, by End-use Industry, From 2018-2023
5.2Water and Wastewater
- 5.2.1Global Weld-in Thermowells Market, by Water and Wastewater, 2016-2023, (Million Units) (US$ Mn)
5.3Pharmaceutical and Biotech
- 5.3.1Global Weld-in Thermowells Market, by Pharmaceutical and Biotech, 2016-2023, (Million Units) (US$ Mn)
5.4Food & Beverage
- 5.4.1Global Weld-in Thermowells Market, by Food & Beverage, 2016-2023, (Million Units) (US$ Mn)
5.5Chemical and Petrochemical Plants
- 5.5.1Global Weld-in Thermowells Market, by Chemical and Petrochemical Plants, 2016-2023, (Million Units) (US$ Mn)
Chapter 6Global Weld-in Thermowells Market, by Material
6.1Market Overview, by Material
- 6.1.1Global Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
- 6.1.2Incremental Opportunity, by Material, From 2018-2023
6.2Stainless Steel
- 6.2.1Global Weld-in Thermowells Market, by Stainless Steel, 2016-2023, (Million Units) (US$ Mn)
6.3Carbon Steel
- 6.3.1Global Weld-in Thermowells Market, by Carbon Steel, 2016-2023, (Million Units) (US$ Mn)
6.4Alloy
- 6.4.1Global Weld-in Thermowells Market, by Alloy, 2016-2023, (Million Units) (US$ Mn)
6.5Titanium
- 6.5.1Global Weld-in Thermowells Market, by Titanium, 2016-2023, (Million Units) (US$ Mn)
6.6Others
- 6.6.1Global Weld-in Thermowells Market, by Others, 2016-2023, (Million Units) (US$ Mn)
Chapter 7Global Weld-in Thermowells Market, by Bore Size
7.1Market Overview, by Bore Size
- 7.1.1Global Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
- 7.1.2Incremental Opportunity, by Bore Size, From 2018-2023
- 7.20.26"
- 7.2.1Global Weld-in Thermowells Market, by 0.26", 2016-2023, (Million Units) (US$ Mn)
- 7.30.385"
- 7.3.1Global Weld-in Thermowells Market, by 0.385", 2016-2023, (Million Units) (US$ Mn)
Chapter 8Global Weld-in Thermowells Market, by Region
8.1Market Overview, by Region
- 8.1.1Global Weld-in Thermowells Market, by Region, 2016-2023, (Million Units) (US$ Mn)
8.2Attractive Investment Opportunity, by Region, 2018
8.3North America Weld-in Thermowells Market
- 8.3.1North America Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
- 8.3.2North America Weld-in Thermowells Market, by End-use Industry, 2016-2023 (Million Units) (US$ Mn)
- 8.3.3North America Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
- 8.3.1North America Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
- 8.3.2United States
- 8.3.2.1United States Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.3.3Canada
- 8.3.3.1Canada Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.4Europe Weld-in Thermowells Market
- 8.4.1Europe Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
- 8.4.2Europe Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
- 8.4.3Europe Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
- 8.4.4Europe Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
- 8.4.5United Kingdom
- 8.4.5.1United Kingdom Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.4.6Germany
- 8.4.6.1Germany Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.4.7France
- 8.4.7.1France Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.4.8Italy
- 8.4.8.1Italy Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.4.9Spain
- 8.4.9.1Spain Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.4.10Rest of Europe
- 8.4.10.1Rest of Europe Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.5Asia Pacific Weld-in Thermowells Market
- 8.5.1Asia Pacific Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
- 8.5.2Asia Pacific Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
- 8.5.3Asia Pacific Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
- 8.5.4Asia Pacific Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
- 8.5.5China
- 8.5.5.1China Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.5.6Japan
- 8.5.6.1Japan Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.5.7India
- 8.5.7.1India Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.5.8Rest of Asia Pacific
- 8.5.8.1Rest of Asia Pacific Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.6Latin America Weld-in Thermowells Market
- 8.6.1Latin America Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
- 8.6.2Latin America Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
- 8.6.3Latin America Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
- 8.6.4Latin America Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
- 8.6.5Brazil
- 8.6.5.1Brazil Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.6.6Mexico
- 8.6.6.1Mexico Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.6.7Rest of Latin America
- 8.6.7.1Rest of Latin America Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.7Middle East & Africa Weld-in Thermowells Market
- 8.7.1Middle East & Africa Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
- 8.7.2Middle East & Africa Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
- 8.7.3Middle East & Africa Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
- 8.7.4Middle East & Africa Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
- 8.7.5GCC
- 8.7.5.1GCC Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
- 8.7.6Rest of Middle East & Africa
- 8.7.6.1Rest of Middle East & Africa Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
Chapter 9Competitive Intelligence
9.1Introduction
9.2Players Evaluated During the Study
9.3Market Players Present in Market Life Cycle
9.4Top 5 Players Comparison
9.5Market Positioning of Key Players, 2018
9.6Market Players Mapping
- 9.6.1By Type
- 9.6.2By End-use Industry
- 9.6.3By Material
- 9.6.1By Bore Size
- 9.6.2By Region
9.7Strategies Adopted by Key Market Players
9.8Recent Developments in the Market
- 9.8.1Mergers & Acquisitions, Partnership, New Product Developments
9.9Operational Efficiency Comparison by Key Players
Chapter 10Company Profiles
10.1Pyromation, Inc.
- 10.1.1Pyromation, Inc. Overview
- 10.1.2Key Stakeholders/Person in Pyromation, Inc.
- 10.1.3Pyromation, Inc. Products Portfolio
- 10.1.4Pyromation, Inc. Financial Overview
- 10.1.5Pyromation, Inc. News/Recent Developments
10.2Ashcroft Inc.
- 10.2.1Ashcroft Inc. Overview
- 10.2.2Key Stakeholders/Person in Ashcroft Inc.
- 10.2.3Ashcroft Inc. Products Portfolio
- 10.2.4Ashcroft Inc. Financial Overview
- 10.2.5Ashcroft Inc. News/Recent Developments
10.3Reotemp Instruments
- 10.3.1Reotemp Instruments Overview
- 10.3.2Key Stakeholders/Person in Reotemp Instruments
- 10.3.3Reotemp Instruments Products Portfolio
- 10.3.4Reotemp Instruments Financial Overview
- 10.3.5Reotemp Instruments News/Recent Developments
10.4Winters Instruments
- 10.4.1Winters Instruments Overview
- 10.4.2Key Stakeholders/Person in Winters Instruments
- 10.4.3Winters Instruments Products Portfolio
- 10.4.4Winters Instruments Financial Overview
- 10.4.5Winters Instruments News/Recent Developments
10.5WIKA Instruments Limited
- 10.5.1WIKA Instruments Limited Overview
- 10.5.2Key Stakeholders/Person in WIKA Instruments Limited
- 10.5.3WIKA Instruments Limited Products Portfolio
- 10.5.4WIKA Instruments Limited Financial Overview
- 10.5.5WIKA Instruments Limited News/Recent Developments
10.6Ultra Electronics - Nuclear Sensors & Process Instrumentation
- 10.6.1Ultra Electronics - Nuclear Sensors & Process Instrumentation Overview
- 10.6.2Key Stakeholders/Person in Ultra Electronics - Nuclear Sensors & Process Instrumentation
- 10.6.3Ultra Electronics - Nuclear Sensors & Process Instrumentation Products Portfolio
- 10.6.4Ultra Electronics - Nuclear Sensors & Process Instrumentation Financial Overview
- 10.6.5Ultra Electronics - Nuclear Sensors & Process Instrumentation News/Recent Developments
10.7ABB Ltd.
- 10.7.1ABB Ltd. Overview
- 10.7.2Key Stakeholders/Person in ABB Ltd.
- 10.7.3ABB Ltd. Products Portfolio
- 10.7.4ABB Ltd. Financial Overview
- 10.7.5ABB Ltd. News/Recent Developments
10.8Tel-Tru Manufacturing
- 10.8.1Tel-Tru Manufacturing Overview
- 10.8.2Key Stakeholders/Person in Tel-Tru Manufacturing
- 10.8.3Tel-Tru Manufacturing Products Portfolio
- 10.8.4Tel-Tru Manufacturing Financial Overview
Summary:
Get latest Market Research Reports on Weld-in Thermowells. Industry analysis & Market Report on Weld-in Thermowells is a syndicated market report, published as Global Weld-in Thermowells Market- Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026. It is complete Research Study and Industry Analysis of Weld-in Thermowells market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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