Global Thermocouple Temperature Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Thermocouple Temperature Sensors Industry Overview

The thermocouple temperature sensors market is highly competitive and consists of several major players. Some of the key players are Texas Instruments Inc., STMicroelectronics, Honeywell International Inc., Danfoss Group, among others. These companies are leveraging their strategic collaborative initiatives to increase their market share and profitability. The companies operating in the market are also acquiring start-ups working on thermocouple temperature sensor technologies to strengthen their product capabilities.

• January 2019 - Honeywell Home introduced two new T-Series smart thermostats. The greatest difference between the new thermostats and earlier T-Series models is the support for wireless Smart Room Sensors to balance and prioritize temperature in the home. Smart Room Sensors monitor temperature, humidity, and motion and use that information to prioritize different areas in a home. Prioritizing lets you configure which room or rooms are most important. The entire heating and cooling system will be managed, so the temperature and humidity in the higher priority rooms and areas take precedence over lower priority locations.
• March-2019 - To accelerate the design of IoT devices, NXP has introduced the Rapid IOT prototyping Kit. It integrates eleven NXP devices (microcontroller, low-power connectivity, sensors, NFC, secure element, power management, interface) in a small form-factor hardware design and combines it with proven software enablement (drivers, RTOS, middleware, cloud connect) and a web IDE with GUI-based programming. Refer to Figure 1 for the complete block diagram.