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Thermowell Calculation Software

Selected research

Industry Research

Thermowell Calculation Software Industry Research Report 2026

Market perspective

The global Thermowell Calculation Software market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.

North America: the Thermowell Calculation Software market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Thermowell Calculation Software market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Thermowell Calculation Software market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Thermowell Calculation Software include Endress+Hauser, Tempsens Instrument, Emerson, WIKA and Mac-Weld, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.

Report Scope

Read the full market overview

This report quantifies the global Thermowell Calculation Software market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.

It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Thermowell Calculation Software.

Key Companies & Market Share Insights

This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.

Thermowell Calculation Software Market by Company

Endress+Hauser

Tempsens Instrument

Emerson

WIKA

Mac-Weld

Thermowell Calculation Software Segment by Type

Temperature Calculation

Wake Frequency Calculation

Thermowell Calculation Software Segment by Application

Chemical

Oil and Gas

Others

Thermowell Calculation Software Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Russia

Netherlands

Nordic Countries

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Saudi Arabia

Israel

United Arab Emirates

Turkey

Iran

Egypt

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Thermowell Calculation Software market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Thermowell Calculation Software and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Thermowell Calculation Software.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 6: Detailed analysis of Thermowell Calculation Software companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.

Chapter 13: The main points and conclusions of the report.

More report detail

Tables and figures
List of Tables Table 1. Secondary Sources Table 2. Primary Sources Table 3. Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million) Table 4. Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million) Table 5. Global Thermowell Calculation Software Market Size by Type (2021-2026) & (US$ Million) Table 6. Global Thermowell Calculation Software Revenue Market Share by Type (2021-2026) Table 7. Global Thermowell Calculation Software Forecasted Market Size by Type (2027-2032) & (US$ Million) Table 8. Global Thermowell Calculation Software Revenue Market Share by Type (2027-2032) Table 9. Global Thermowell Calculation Software Market Size by Application (2021-2026) & (US$ Million) Table 10. Global Thermowell Calculation Software Revenue Market Share by Application (2021-2026) Table 11. Global Thermowell Calculation Software Forecasted Market Size by Application (2027-2032) & (US$ Million) Table 12. Global Thermowell Calculation Software Revenue Market Share by Application (2027-2032) Table 13. Global Thermowell Calculation Software Market Size by Region (US$ Million): 2021 VS 2025 VS 2032 Table 14. Global Thermowell Calculation Software Market Size by Region (2021-2026) & (US$ Million) Table 15. Global Thermowell Calculation Software Market Share by Region (2021-2026) Table 16. Global Thermowell Calculation Software Forecasted Market Size by Region (2027-2032) & (US$ Million) Table 17. Global Thermowell Calculation Software Market Share by Region (2027-2032) Table 18. Thermowell Calculation Software Industry Trends Table 19. Thermowell Calculation Software Industry Drivers Table 20. Thermowell Calculation Software Industry Opportunities and Challenges Table 21. Thermowell Calculation Software Market Restraints Table 22. Global Top Thermowell Calculation Software Players by Revenue (US$ Million) & (2021-2026) Table 23. Global Thermowell Calculation Software Revenue Market Share by Players (2021-2026) Table 24. Global Thermowell Calculation Software Industry Players Ranking, 2024 VS 2025 VS 2026 Table 25. Global Key Players of Thermowell Calculation Software, Headquarters and Area Served Table 26. Global Thermowell Calculation Software Players, Product Type & Application Table 27. Global Players Market Concentration Ratio (CR5 and HHI) Table 28. Global Thermowell Calculation Software by Players Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2025) Table 29. Players Mergers & Acquisitions, Expansion Plans Table 30. North America Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032 (US$ Million) Table 31. North America Thermowell Calculation Software Market Size by Country (2021-2026) & (US$ Million) Table 32. North America Thermowell Calculation Software Market Size by Country (2027-2032) & (US$ Million) Table 33. Europe Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032 (US$ Million) Table 34. Europe Thermowell Calculation Software Market Size by Country (2021-2026) & (US$ Million) Table 35. Europe Thermowell Calculation Software Market Size by Country (2027-2032) & (US$ Million) Table 36. Asia Pacific Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032 (US$ Million) Table 37. Asia Pacific Thermowell Calculation Software Market Size by Region (2021-2026) & (US$ Million) Table 38. Asia Pacific Thermowell Calculation Software Market Size by Country (2027-2032) & (US$ Million) Table 39. South America Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032 (US$ Million) Table 40. South America Thermowell Calculation Software Market Size by Country (2021-2026) & (US$ Million) Table 41. South America Thermowell Calculation Software Market Size by Country (2027-2032) & (US$ Million) Table 42. Middle East & Africa Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032 (US$ Million) Table 43. Middle East & Africa Thermowell Calculation Software Market Size by Country (2021-2026) & (US$ Million) Table 44. Middle East & Africa Thermowell Calculation Software Market Size by Country (2027-2032) & (US$ Million) Table 45. Endress+Hauser Company Information Table 46. Endress+Hauser Business Overview Table 47. Endress+Hauser Revenue in Thermowell Calculation Software Business (2021-2026) & (US$ Million) Table 48. Endress+Hauser Thermowell Calculation Software Product Portfolio Table 49. Endress+Hauser Recent Developments Table 50. Tempsens Instrument Company Information Table 51. Tempsens Instrument Business Overview Table 52. Tempsens Instrument Revenue in Thermowell Calculation Software Business (2021-2026) & (US$ Million) Table 53. Tempsens Instrument Thermowell Calculation Software Product Portfolio Table 54. Tempsens Instrument Recent Developments Table 55. Emerson Company Information Table 56. Emerson Business Overview Table 57. Emerson Revenue in Thermowell Calculation Software Business (2021-2026) & (US$ Million) Table 58. Emerson Thermowell Calculation Software Product Portfolio Table 59. Emerson Recent Developments Table 60. WIKA Company Information Table 61. WIKA Business Overview Table 62. WIKA Revenue in Thermowell Calculation Software Business (2021-2026) & (US$ Million) Table 63. WIKA Thermowell Calculation Software Product Portfolio Table 64. WIKA Recent Developments Table 65. Mac-Weld Company Information Table 66. Mac-Weld Business Overview Table 67. Mac-Weld Revenue in Thermowell Calculation Software Business (2021-2026) & (US$ Million) Table 68. Mac-Weld Thermowell Calculation Software Product Portfolio Table 69. Mac-Weld Recent Developments Table 70. Authors List of This Report List of Figures Figure 1. Research Methodology Figure 2. Research Process Figure 3. Key Executives Interviewed Figure 4. Thermowell Calculation Software Product Image Figure 5. Global Thermowell Calculation Software Market Size Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million) Figure 6. Global Thermowell Calculation Software Market Share by Type: 2025 VS 2032 Figure 7. Temperature Calculation Product Figure 8. Wake Frequency Calculation Product Figure 9. Global Thermowell Calculation Software Market Size by Application (2021 VS 2025 VS 2032) & (US$ Million) Figure 10. Global Thermowell Calculation Software Market Share by Application: 2025 VS 2032 Figure 11. Chemical Product Figure 12. Oil and Gas Product Figure 13. Others Product Figure 14. Global Thermowell Calculation Software Market Size (US$ Million), Year-over-Year: 2021-2032 Figure 15. Global Thermowell Calculation Software Market Size, (US$ Million), 2021 VS 2025 VS 2032 Figure 16. Global Thermowell Calculation Software Market Share by Region: 2025 VS 2032 Figure 17. Global Thermowell Calculation Software Market Share by Players in 2025 Figure 18. Global Thermowell Calculation Software Manufacturers Established Date Figure 19. Global Top 5 and 10 Thermowell Calculation Software Players Market Share by Revenue in 2025 Figure 20. Players Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 21. North America Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 22. North America Thermowell Calculation Software Market Share by Country (2021-2032) Figure 23. United States Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 24. Canada Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 25. Mexico Thermowell Calculation Software Market Share by Country (2021-2032) Figure 26. Europe Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 27. Europe Thermowell Calculation Software Market Share by Country (2021-2032) Figure 28. Germany Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 29. France Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 30. U.K. Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 31. Italy Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 32. Spain Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 33. Russia Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 34. Netherlands Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 35. Nordic Countries Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 36. Asia-Pacific Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 37. Asia-Pacific Thermowell Calculation Software Market Share by Country (2021-2032) Figure 38. China Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 39. Japan Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 40. South Korea Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 41. India Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 42. India Thermowell Calculation Software Market Share by Country (2021-2032) Figure 43. Australia Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 44. China Taiwan Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 45. Southeast Asia Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 46. South America Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 47. South America Thermowell Calculation Software Market Share by Country (2021-2032) Figure 48. Brazil Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 49. Argentina Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 50. Chile Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 51. Colombia Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 52. Peru Thermowell Calculation Software Market Size YoY Growth (2021-2032) & (US$ Million) Figure 53. Endress+Hauser Revenue Growth Rate in Thermowell Calculation Software Business (2021-2026) Figure 54. Tempsens Instrument Revenue Growth Rate in Thermowell Calculation Software Business (2021-2026) Figure 55. Emerson Revenue Growth Rate in Thermowell Calculation Software Business (2021-2026) Figure 56. WIKA Revenue Growth Rate in Thermowell Calculation Software Business (2021-2026) Figure 57. Mac-Weld Revenue Growth Rate in Thermowell Calculation Software Business (2021-2026)

Scope & coverage.

Types
  • Temperature Calculation
  • Wake Frequency Calculation
Applications
  • Chemical
  • Oil and Gas
  • Others
Companies covered
  • Endress+Hauser
  • Tempsens Instrument
  • Emerson
  • WIKA
  • Mac-Weld

Inside the report.

1 Preface
  1. 1.1 Scope of Report
  2. 1.2 Reasons for Doing This Study
  3. 1.3 Research Methodology
  4. 1.4 Research Process
  5. 1.5 Data Source
  6. 1.5.1 Secondary Sources
  7. 1.5.2 Primary Sources
2 Market Overview
  1. 2.1 Product Definition
  2. 2.2 Thermowell Calculation Software by Type
  3. 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
  4. 2.2.2 Temperature Calculation
  5. 2.2.3 Wake Frequency Calculation
  6. 2.3 Thermowell Calculation Software by Application
  7. 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
  8. 2.3.2 Chemical
  9. 2.3.3 Oil and Gas
  10. 2.3.4 Others
  11. 2.4 Assumptions and Limitations
3 Thermowell Calculation Software Breakdown Data by Type
  1. 3.1 Global Thermowell Calculation Software Historic Market Size by Type (2021-2026)
  2. 3.2 Global Thermowell Calculation Software Forecasted Market Size by Type (2027-2032)
4 Thermowell Calculation Software Breakdown Data by Application
  1. 4.1 Global Thermowell Calculation Software Historic Market Size by Application (2021-2026)
  2. 4.2 Global Thermowell Calculation Software Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
  1. 5.1 Global Thermowell Calculation Software Market Perspective (2021-2032)
  2. 5.2 Global Thermowell Calculation Software Growth Trends by Region
  3. 5.2.1 Global Thermowell Calculation Software Market Size by Region: 2021 VS 2025 VS 2032
  4. 5.2.2 Thermowell Calculation Software Historic Market Size by Region (2021-2026)
  5. 5.2.3 Thermowell Calculation Software Forecasted Market Size by Region (2027-2032)
  6. 5.3 Thermowell Calculation Software Market Dynamics
  7. 5.3.1 Thermowell Calculation Software Industry Trends
  8. 5.3.2 Thermowell Calculation Software Market Drivers
  9. 5.3.3 Thermowell Calculation Software Market Challenges
  10. 5.3.4 Thermowell Calculation Software Market Restraints
6 Market Competitive Landscape by Players
  1. 6.1 Global Top Thermowell Calculation Software Players by Revenue
  2. 6.1.1 Global Top Thermowell Calculation Software Players by Revenue (2021-2026)
  3. 6.1.2 Global Thermowell Calculation Software Revenue Market Share by Players (2021-2026)
  4. 6.2 Global Thermowell Calculation Software Industry Players Ranking, 2023 VS 2024 VS 2025
  5. 6.3 Global Key Players of Thermowell Calculation Software Head Office and Area Served
  6. 6.4 Global Thermowell Calculation Software Players, Product Type & Application
  7. 6.5 Global Thermowell Calculation Software Manufacturers Established Date
  8. 6.6 Global Thermowell Calculation Software Market CR5 and HHI
  9. 6.7 Global Players Mergers & Acquisition
7 North America
  1. 7.1 North America Thermowell Calculation Software Market Size (2021-2032)
  2. 7.2 North America Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
  3. 7.3 North America Thermowell Calculation Software Market Size by Country (2021-2026)
  4. 7.4 North America Thermowell Calculation Software Market Size by Country (2027-2032)
  5. 7.5 United States
  6. 7.5 United States
  7. 7.6 Canada
  8. 7.7 Mexico
8 Europe
  1. 8.1 Europe Thermowell Calculation Software Market Size (2021-2032)
  2. 8.2 Europe Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
  3. 8.3 Europe Thermowell Calculation Software Market Size by Country (2021-2026)
  4. 8.4 Europe Thermowell Calculation Software Market Size by Country (2027-2032)
  5. 8.5 Germany
  6. 8.6 France
  7. 8.7 U.K.
  8. 8.8 Italy
  9. 8.9 Spain
  10. 8.10 Russia
  11. 8.11 Netherlands
  12. 8.12 Nordic Countries
9 Asia-Pacific
  1. 9.1 Asia-Pacific Thermowell Calculation Software Market Size (2021-2032)
  2. 9.2 Asia-Pacific Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
  3. 9.3 Asia-Pacific Thermowell Calculation Software Market Size by Country (2021-2026)
  4. 9.4 Asia-Pacific Thermowell Calculation Software Market Size by Country (2027-2032)
  5. 9.5 China
  6. 9.6 Japan
  7. 9.7 South Korea
  8. 9.8 India
  9. 9.9 Australia
  10. 9.10 China Taiwan
  11. 9.11 Southeast Asia
10 South America
  1. 10.1 South America Thermowell Calculation Software Market Size (2021-2032)
  2. 10.2 South America Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
  3. 10.3 South America Thermowell Calculation Software Market Size by Country (2021-2026)
  4. 10.4 South America Thermowell Calculation Software Market Size by Country (2027-2032)
  5. 10.5 Brazil
  6. 10.6 Argentina
  7. 10.7 Chile
  8. 10.8 Colombia
  9. 10.9 Peru
11 Middle East & Africa
  1. 11.1 Middle East & Africa Thermowell Calculation Software Market Size (2021-2032)
  2. 11.2 Middle East & Africa Thermowell Calculation Software Market Growth Rate by Country: 2021 VS 2025 VS 2032
  3. 11.3 Middle East & Africa Thermowell Calculation Software Market Size by Country (2021-2026)
  4. 11.4 Middle East & Africa Thermowell Calculation Software Market Size by Country (2027-2032)
  5. 11.5 Saudi Arabia
  6. 11.6 Israel
  7. 11.7 United Arab Emirates
  8. 11.8 Turkey
  9. 11.9 Iran
  10. 11.10 Egypt
12 Players Profiled
  1. 12.1 Endress+Hauser
  2. 12.1.1 Endress+Hauser Company Information
  3. 12.1.2 Endress+Hauser Business Overview
  4. 12.1.3 Endress+Hauser Revenue in Thermowell Calculation Software Business (2021-2026)
  5. 12.1.4 Endress+Hauser Thermowell Calculation Software Product Portfolio
  6. 12.1.5 Endress+Hauser Recent Developments
  7. 12.2 Tempsens Instrument
  8. 12.2.1 Tempsens Instrument Company Information
  9. 12.2.2 Tempsens Instrument Business Overview
  10. 12.2.3 Tempsens Instrument Revenue in Thermowell Calculation Software Business (2021-2026)
  11. 12.2.4 Tempsens Instrument Thermowell Calculation Software Product Portfolio
  12. 12.2.5 Tempsens Instrument Recent Developments
  13. 12.3 Emerson
  14. 12.3.1 Emerson Company Information
  15. 12.3.2 Emerson Business Overview
  16. 12.3.3 Emerson Revenue in Thermowell Calculation Software Business (2021-2026)
  17. 12.3.4 Emerson Thermowell Calculation Software Product Portfolio
  18. 12.3.5 Emerson Recent Developments
  19. 12.4 WIKA
  20. 12.4.1 WIKA Company Information
  21. 12.4.2 WIKA Business Overview
  22. 12.4.3 WIKA Revenue in Thermowell Calculation Software Business (2021-2026)
  23. 12.4.4 WIKA Thermowell Calculation Software Product Portfolio
  24. 12.4.5 WIKA Recent Developments
  25. 12.5 Mac-Weld
  26. 12.5.1 Mac-Weld Company Information
  27. 12.5.2 Mac-Weld Business Overview
  28. 12.5.3 Mac-Weld Revenue in Thermowell Calculation Software Business (2021-2026)
  29. 12.5.4 Mac-Weld Thermowell Calculation Software Product Portfolio
  30. 12.5.5 Mac-Weld Recent Developments
13 Report Conclusion
    14 Disclaimer

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