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.
Weld-in Thermowells Market Segmentation |
|
| Type | 1. Weld-in Straight Thermowell |
| 2. Weld-in Tapered Thermowell | |
| 3. Weld-in Stepped Thermowell | |
| Material | 1. Stainless Steel |
| 2. Carbon Steel | |
| 3. Alloy | |
| 4. Titanium | |
| 5. Others | |
| Bore Size | 1. 0.26” |
| 2. 0.385” | |
| End-use Industry | 1. Water & Wastewater |
| 2. Pharmaceutical & Biotech | |
| 3. Food & Beverage | |
| 4. Chemical & Petrochemical Plants | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France, Spain, Italy and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico, and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
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 2018
Based on type, the weld-in thermowells 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.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Weld-in Thermowells Market, 2016-2023, (Million Units) (US$ Mn)
2.1 Market Snapshot: Global Weld-in Thermowells Market
2.2 Market Dynamics
2.3 Global Weld-in Thermowells Market, by Segment, 2018
2.3.1 Global Weld-in Thermowells Market, by Type, 2018, (Million Units) (US$ Mn)
2.3.2 Global Weld-in Thermowells Market, by Material Industry, 2018, (Million Units) (US$ Mn)
2.3.3 Global Weld-in Thermowells Market, by Material, 2018 (Million Units) (US$ Mn)
2.3.4 Global Weld-in Thermowells Market, by Region, 2018 (Million Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Weld-in Thermowells Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Weld-in Thermowells Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Developing oil & gas market in Asia Pacific and Increasing investments in refineries worldwide
3.2.2 Growing demand for weld-in thermowells in food & beverage industries
3.3 Market Restraints
3.3.1 Fluid flow in thermowells
3.4 Future Prospects
3.4.1 Growing usage of thermowells in water and wastewater treatment
3.5 Porters Analysis
3.6 PEST Analysis
3.6.1 Analyst’s Views
3.7 Industry SWOT Analysis
Chapter 4 Global Weld-in Thermowells Market, by Type
4.1 Market Overview, by Type
4.1.1 Global Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Type, From 2018-2023
4.2 Weld-in Straight Type Thermowell
4.2.1 Global Weld-in Thermowells Market, by Weld-in Straight Type Thermowell, 2016-2023, (Million Units) (US$ Mn)
4.3 Weld-in Tapered Type Thermowell
4.3.1 Global Weld-in Thermowells Market, by Weld-in Tapered Type Thermowell, 2016-2023, (Million Units) (US$ Mn)
4.4 Weld-in Stepped Type Thermowell
4.4.1 Global Weld-in Thermowells Market, by Weld-in Stepped Type Thermowell, 2016-2023, (Million Units) (US$ Mn)
Chapter 5 Global Weld-in Thermowells Market, by End-use Industry
5.1 Market Overview, by End-use Industry
5.1.1 Global Weld-in Thermowells Market, by End-use Industry, 2016-2023 (Million Units) (US$ Mn)
5.1.2 Incremental Opportunity, by End-use Industry, From 2018-2023
5.2 Water and Wastewater
5.2.1 Global Weld-in Thermowells Market, by Water and Wastewater, 2016-2023, (Million Units) (US$ Mn)
5.3 Pharmaceutical and Biotech
5.3.1 Global Weld-in Thermowells Market, by Pharmaceutical and Biotech, 2016-2023, (Million Units) (US$ Mn)
5.4 Food & Beverage
5.4.1 Global Weld-in Thermowells Market, by Food & Beverage, 2016-2023, (Million Units) (US$ Mn)
5.5 Chemical and Petrochemical Plants
5.5.1 Global Weld-in Thermowells Market, by Chemical and Petrochemical Plants, 2016-2023, (Million Units) (US$ Mn)
Chapter 6 Global Weld-in Thermowells Market, by Material
6.1 Market Overview, by Material
6.1.1 Global Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
6.1.2 Incremental Opportunity, by Material, From 2018-2023
6.2 Stainless Steel
6.2.1 Global Weld-in Thermowells Market, by Stainless Steel, 2016-2023, (Million Units) (US$ Mn)
6.3 Carbon Steel
6.3.1 Global Weld-in Thermowells Market, by Carbon Steel, 2016-2023, (Million Units) (US$ Mn)
6.4 Alloy
6.4.1 Global Weld-in Thermowells Market, by Alloy, 2016-2023, (Million Units) (US$ Mn)
6.5 Titanium
6.5.1 Global Weld-in Thermowells Market, by Titanium, 2016-2023, (Million Units) (US$ Mn)
6.6 Others
6.6.1 Global Weld-in Thermowells Market, by Others, 2016-2023, (Million Units) (US$ Mn)
Chapter 7 Global Weld-in Thermowells Market, by Bore Size
7.1 Market Overview, by Bore Size
7.1.1 Global Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
7.1.2 Incremental Opportunity, by Bore Size, From 2018-2023
7.2 0.26"
7.2.1 Global Weld-in Thermowells Market, by 0.26", 2016-2023, (Million Units) (US$ Mn)
7.3 0.385"
7.3.1 Global Weld-in Thermowells Market, by 0.385", 2016-2023, (Million Units) (US$ Mn)
Chapter 8 Global Weld-in Thermowells Market, by Region
8.1 Market Overview, by Region
8.1.1 Global Weld-in Thermowells Market, by Region, 2016-2023, (Million Units) (US$ Mn)
8.2 Attractive Investment Opportunity, by Region, 2018
8.3 North America Weld-in Thermowells Market
8.3.1 North America Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
8.3.2 North America Weld-in Thermowells Market, by End-use Industry, 2016-2023 (Million Units) (US$ Mn)
8.3.3 North America Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
8.3.1 North America Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
8.3.2 United States
8.3.2.1 United States Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.3.3 Canada
8.3.3.1 Canada Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.4 Europe Weld-in Thermowells Market
8.4.1 Europe Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
8.4.2 Europe Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
8.4.3 Europe Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
8.4.4 Europe Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
8.4.5 United Kingdom
8.4.5.1 United Kingdom Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.4.6 Germany
8.4.6.1 Germany Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.4.7 France
8.4.7.1 France Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.4.8 Italy
8.4.8.1 Italy Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.4.9 Spain
8.4.9.1 Spain Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.4.10 Rest of Europe
8.4.10.1 Rest of Europe Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.5 Asia Pacific Weld-in Thermowells Market
8.5.1 Asia Pacific Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
8.5.2 Asia Pacific Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
8.5.3 Asia Pacific Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
8.5.4 Asia Pacific Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
8.5.5 China
8.5.5.1 China Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.5.6 Japan
8.5.6.1 Japan Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.5.7 India
8.5.7.1 India Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.5.8 Rest of Asia Pacific
8.5.8.1 Rest of Asia Pacific Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.6 Latin America Weld-in Thermowells Market
8.6.1 Latin America Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
8.6.2 Latin America Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
8.6.3 Latin America Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
8.6.4 Latin America Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
8.6.5 Brazil
8.6.5.1 Brazil Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.6.6 Mexico
8.6.6.1 Mexico Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.6.7 Rest of Latin America
8.6.7.1 Rest of Latin America Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.7 Middle East & Africa Weld-in Thermowells Market
8.7.1 Middle East & Africa Weld-in Thermowells Market, by Type, 2016-2023 (Million Units) (US$ Mn)
8.7.2 Middle East & Africa Weld-in Thermowells Market, by Material Industry, 2016-2023 (Million Units) (US$ Mn)
8.7.3 Middle East & Africa Weld-in Thermowells Market, by Material, 2016-2023 (Million Units) (US$ Mn)
8.7.4 Middle East & Africa Weld-in Thermowells Market, by Bore Size, 2016-2023 (Million Units) (US$ Mn)
8.7.5 GCC
8.7.5.1 GCC Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
8.7.6 Rest of Middle East & Africa
8.7.6.1 Rest of Middle East & Africa Weld-in Thermowells Market, 2016-2023 (Million Units) (US$ Mn)
Chapter 9 Competitive Intelligence
9.1 Introduction
9.2 Players Evaluated During the Study
9.3 Market Players Present in Market Life Cycle
9.4 Top 5 Players Comparison
9.5 Market Positioning of Key Players, 2018
9.6 Market Players Mapping
9.6.1 By Type
9.6.2 By End-use Industry
9.6.3 By Material
9.6.1 By Bore Size
9.6.2 By Region
9.7 Strategies Adopted by Key Market Players
9.8 Recent Developments in the Market
9.8.1 Mergers & Acquisitions, Partnership, New Product Developments
9.9 Operational Efficiency Comparison by Key Players
Chapter 10 Company Profiles
10.1 Pyromation, Inc.
10.1.1 Pyromation, Inc. Overview
10.1.2 Key Stakeholders/Person in Pyromation, Inc.
10.1.3 Pyromation, Inc. Products Portfolio
10.1.4 Pyromation, Inc. Financial Overview
10.1.5 Pyromation, Inc. News/Recent Developments
10.2 Ashcroft Inc.
10.2.1 Ashcroft Inc. Overview
10.2.2 Key Stakeholders/Person in Ashcroft Inc.
10.2.3 Ashcroft Inc. Products Portfolio
10.2.4 Ashcroft Inc. Financial Overview
10.2.5 Ashcroft Inc. News/Recent Developments
10.3 Reotemp Instruments
10.3.1 Reotemp Instruments Overview
10.3.2 Key Stakeholders/Person in Reotemp Instruments
10.3.3 Reotemp Instruments Products Portfolio
10.3.4 Reotemp Instruments Financial Overview
10.3.5 Reotemp Instruments News/Recent Developments
10.4 Winters Instruments
10.4.1 Winters Instruments Overview
10.4.2 Key Stakeholders/Person in Winters Instruments
10.4.3 Winters Instruments Products Portfolio
10.4.4 Winters Instruments Financial Overview
10.4.5 Winters Instruments News/Recent Developments
10.5 WIKA Instruments Limited
10.5.1 WIKA Instruments Limited Overview
10.5.2 Key Stakeholders/Person in WIKA Instruments Limited
10.5.3 WIKA Instruments Limited Products Portfolio
10.5.4 WIKA Instruments Limited Financial Overview
10.5.5 WIKA Instruments Limited News/Recent Developments
10.6 Ultra Electronics - Nuclear Sensors & Process Instrumentation
10.6.1 Ultra Electronics - Nuclear Sensors & Process Instrumentation Overview
10.6.2 Key Stakeholders/Person in Ultra Electronics - Nuclear Sensors & Process Instrumentation
10.6.3 Ultra Electronics - Nuclear Sensors & Process Instrumentation Products Portfolio
10.6.4 Ultra Electronics - Nuclear Sensors & Process Instrumentation Financial Overview
10.6.5 Ultra Electronics - Nuclear Sensors & Process Instrumentation News/Recent Developments
10.7 ABB Ltd.
10.7.1 ABB Ltd. Overview
10.7.2 Key Stakeholders/Person in ABB Ltd.
10.7.3 ABB Ltd. Products Portfolio
10.7.4 ABB Ltd. Financial Overview
10.7.5 ABB Ltd. News/Recent Developments
10.8 Tel-Tru Manufacturing
10.8.1 Tel-Tru Manufacturing Overview
10.8.2 Key Stakeholders/Person in Tel-Tru Manufacturing
10.8.3 Tel-Tru Manufacturing Products Portfolio
10.8.4 Tel-Tru Manufacturing Financial Overview
10.8.5 Tel-Tru Manufacturing News/Recent Developments
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