In 2023, India’s thermocouple market was worth US$ 778.32 million. The future growth prospect is optimistic. It is expected to grow at a rate of 3.5% between 2024 to 2032. As a result, by 2029, it is expected to have a market worth US$ 926.24 million.
The main reason behind this growth projection is the increase in aggregate demand. It is witnessing a rise due to the following reasons:
First, spurt in demand from different sections of the Indian economy- automobile, steel, manufacturing, e-vehicle, aerospace, oil and gas, power generation industry, a wide array of Internet of Things devices, petrochemicals, mining, etc.
Second, enabling initiatives from the government.
The 10 major thermocouple manufacturers in India are as follows:
- Tempsens Instruments (India) Pvt. Ltd.
Tempsens Instruments (India) Pvt. Ltd. is a subsidiary of the Pyrotech Group. This group was established in 1976 at Udaipur, Rajasthan, whereas Tempsens Instruments (India) Pvt. Ltd. commenced its operations from 1987. Its production facilities are in India, Germany and Indonesia. Its network of distributors operates in 20 countries.
- Honeywell International India Private Limited (HIIPL)
It is the Indian arm of Honeywell International, Inc. based out of the USA. It leverages 100 years of experience of Honeywell International, Inc. In India, it operates three state-of-the-art manufacturing facilities and four global centres of excellence for technology development and innovation.
- ABB India Ltd.
It was incorporated in Mumbai in 1949. It is a subsidiary of the Swedish-Swiss firm ABB Ltd. Its excellence is grounded from the past experience of more than 130 years of the parent firm.
- General Instruments Consortium
It was established in 1966. It operates four state-of-the-art manufacturing sites in India. It produces a wide array of thermocouples.
- S.R.I Electronics
It is based out of Bengaluru, Karnataka. It operates manufacturing plants in Hyderabad, Chennai, Salem, Coimbatore and Surat. Its distribution network is present in all industrial hubs of India.
- RS Components & Controls (India) Ltd.
It is based out of Noida, Uttar Pradesh. It commenced its operations in 1994. It is commonly called RS India because it is a subsidiary of the RS Group plc, London, United Kingdom.
- Sense Thermo Instruments India Pvt. Ltd.
It is based out of Pune, Maharashtra. It produces a wide range of thermocouples. They are used in a variety of industrial applications. However, its speciality is producing thermocouples used in the power sector. For instance, thermocouples used in the blast furnace, gas carburizing, sponge iron plant, hearth furnace, etc.
- Thermo Electric India Pvt. Ltd.
It is based out of Manesar, Haryana. It is a subsidiary of the Thermo Electric Company, Inc., USA. It produces highly reliable thermocouples for a variety of industrial appliances.
- Heatcon Sensors Pvt. Ltd.
It is based out of Bengaluru, Karnataka. It produces a wide range of high-performance thermocouples ranging from base metal thermocouples to noble metal thermocouples. Besides, it also produces multi-point thermocouples.
- Precision Mass Products Pvt. Ltd.
It is based out of Chhatral, Gandhinagar, Gujarat. It was founded in 1967. It produces TCH and TCW types of thermocouples.
