Market Overview
According to Market Research Future, the global temperature sensors market is likely to witness high growth in the coming years. However, temperature sensors have applications and sectors such as Food industries, Petrochemical, oil, and energy sectors, are using temperature to produce and monitor, to maintain quality and consistency.
The Temperature sensor has a varied range of applications across numerous industries such as automotive, electronics, and manufacturing. Each sensor comes in a different form, which has its distinct usage, for example, integrated circuit (IC) temperature sensor is applied in electronic applications to detect the heat released and start the cooling device.
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According to Market Research Future, the growing focus on workplace safety is growing the use of temperature sensors for work floor monitoring. Substantial competition in the consumer electronics industry is making OEMs offer new features in devices, subsequently creating growth in the market for temperature sensors. Hence, consumer electronics are likely to drive the market growth for temperature sensors in the forecast period. The rise in demand for environment-friendly and low-cost temperature sensors is creating more opportunities for minor companies to venture into the market. The key players are aiming at improving research and development facilities along with constant innovation to introduce sensors that are consistent with the changing requirements of end-use industries. The temperature sensors market is very centralized due to the presence of several minor regional suppliers and large multinational vendors.
The Temperature sensors Market is rising over 4.8% of CAGR and by the end of the forecast period is expected to reach USD $~5.93 Billion.
Key Players:
The prominent players in the temperature sensors market share are – Siemens A G (Germany), Stmicroelectronics N.V. (Switzerland), TE Connectivity (Switzerland), Ultra Electronics Holdings Plc. (U.K), UTC Aerospace Systems (U.S), Analog Devices Inc. (Us), Texas Instruments Inc. (Us), Maxim Integrated Products Inc. (Us), Honeywell International Inc. (U.S), ABB Limited (Switzerland), Emerson Electric Corporation (Us) among others.
Segments:
The global Temperature sensors market has been segmented on the basis of product types, alloys used, applications, end -users and region.
Temperature sensors Market by Product Types:
- Thermocouples
- Infrared temperature sensors
- Bimetallic temperature sensors
- Temperature sensor IC’s
- Thermistors
- Non-Contact Sensors
- Resistive temperature detectors
- Fiber optic temperature sensors
- Others
Temperature sensors Market by Alloy Type:
- Type K
- Type M
- Type E
- Type J
- Type C
- Type N
- Type T
- Others
Temperature sensors Market by Applications:
- Power Industry
- Energy & power
- Chemicals and petrochemical
- Oil & gas
- Automotive
- Advanced fuels
- Metals
- Food & beverages
- Others
Temperature sensors Market by Regions:
- North America
- Europe
- APAC
- Rest of the World
Regional Analysis:
The regional analysis of temperature sensors market share is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America region is dominating the global temperature sensor market and accounted for a largest market share of close to 40%. The Key Vendors such as Honeywell International, Texas Instruments, NXP Semiconductors, Panasonic and many more are the major player in this market. Europe market in 2016, owing to major Temperature sensors manufacturing companies based out here. This region is expected to grow further in the coming years of the Temperature sensors market. Asia Pacific will emerge as the fastest growing region for temperature sensors market due to increasing demand for high performance sensors. China and India will be contributing the most in temperature sensors market.
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Intended Audience
- Raw material providers
- Professional service/solution providers
- Research organizations and consulting companies
- Temperature sensor-related associations
- Temperature sensors manufacturers
- Component suppliers
- Semiconductor product designers and fabricators
- Research institutes and organizations
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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