The Report “Temperature Sensors Market: By Product Type (Thermistor, RTD, Thermocouple, ICs, Thermopiles, IR Sensors, Thermostat, Thermometer and others); By Type (Contact sensors, Non-contact Sensors); By Alloys used (Type K, Type M, Type E, Type J, Type C, Type N, Type T and others); By Metals used (Platinum, Nickel, Copper, Tungsten, Silicon); By Industry Verticals (Petrochemicals, Metal Manufacturing, Automation and Instrumentation, Power Industry, Electronics, Automotive and others) & Geographic Analysis – Forecast (2018-2023)”, published by IndustryARC, the market to reach $7.16 billion by 2023.
Browse 122 Market Tables, 38 Figures spread through 188 Pages and an in-depth TOC on “Temperature Sensors Market”
According to a recent study from IndustryARC, the Temperature Sensors market is forecasted to grow at a CAGR of 6.2% from $4.87 billion in 2017 to $7.9 billion by 2023. The growth in the market can mainly be attributed to the petrochemical industry. Another leading driver for temperature sensors in consumer electronics is the substantial growth of tablets and mobile phones due to research and development immense innovations.
Temperature sensor measures the amount of heat energy or coldness that is generated by an object or system and allows to sense physical change to that temperature by producing either an analog or digital output. Non-contact temperature sensors are divided into thermopiles and infrared temperature detectors. Each sensor has its own advantages and features to be used in each industry. As for example, automotive industry deploys thermistors whereas aerospace use thermocouples temperature sensors. The sensor in automotive works by measuring the temperature that’s given by the thermostat or the coolant. That temperature is then sent to the onboard control system and then the vehicle’s computer uses the temperature information to continue operation or adjust certain engine functions at an ideal level. The sensor is also used in food processing, HVAC environmental control, medical devices, chemical handling and automotive under the hood monitoring.
The Asia Pacific will dominate the temperature sensors market in the forecast period; 2018-2023 with a market share of approximately 34%. The market is estimated to grow at healthy CAGR during the mentioned forecast period. APAC has a huge demand for consumer equipment, including portable healthcare electronics and white goods. Not only will this, the increasing industrial automation, especially in the automotive and food & beverages sectors, surely contribute to more demand for temperature sensors in the APAC region.
The Major Players in this Market Include
Watlow Electrical Manufacturing Company
Instrumentation Dynatherm Inc.
Maxim Integrated Products Inc.
Microchip Technology Ltd
Fluke Process Instruments
Temperature Sensors manufacturers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.
The Temperature Sensors Market study across various industries is incorporated in the Report
Chemical & Pharmaceutical
Oil & Gas Industry
HVAC and Energy
Others (Healthcare, and more)
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. The competitive landscape for each of the product types is highlighted and market players are profiled.
What can you expect from the report?
The Temperature Sensors Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Temperature Sensors Market Size by Product Categories & Application
2. Temperature Sensors Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Temperature Sensors Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Temperature Sensors Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Temperature Sensors Market Strategic Analysis
18. Temperature Sensors Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Temperature Sensors Market Revenue and Volume Analysis
Mr. Venkat Reddy
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.