Temperature Sensors Market Segmentation, Applications, Dynamics, Development Status and Outlook 2027

  

Temperature Sensors Market, By Product Types (Thermocouples, Infrared Temperature Sensors, Bimetallic Temperature Sensors, Temperature Sensor IC’s, Thermistors), By Applications (Energy & Power, Chemicals And Petrochemical, Oil & Gas, Metals, Food & Beverages) - Forecast 2027

Market Highlights

The study reveals that temperature sensors is trending in North America region. The global temperature sensors market is expected to witness a high growth in the coming years. However, the temperature sensors has its applications including in Food industries, Petrochemical, oil and energy industries are deploying temperature for production and monitoring to maintain consistency and quality. Moreover, the increasing focus on workplace safety is driving the deployment of temperature sensors for work floor monitoring. Consumer electronics are also expected to drive the demand for temperature sensors. Intense competition in the consumer electronics industry is pushing OEMs to offer new features in devices, are driving the growth temperature sensors.

The study indicates that the spiraling demand for environment-friendly and low cost temperature sensors is creating a large scope for small players to venture into the market. However, in 2016, the top six players commanded less than 20% of the global Global Temperature Sensors Market. Among these, Texas Instruments Inc., Honeywell International Inc., and General Electric Company were the top three players in the same year. These players are aiming at improving research and development facilities along with continuous innovation to introduce sensors that are in line with the changing requirements of end-use industries.

The Temperature Sensors Market is growing rapidly over 4.8% of CAGR and is expected to reach at USD $~5.93 Billion by the end of forecast period.

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Segmental Analysis

The temperature sensors market has been segmented by product types, alloys used, applications, end -users and region. By product type, the market is divided into thermocouples, bimetallic temperature sensors, infrared temperature sensors, thermistors, fiber optic temperature sensors, non-contact sensors, temperature sensor ICs, resistive temperature detectors, and others. By alloy type, the market is segmented into Type K, Type M, Type E, Type J, Type C, Type N, Type T, and others. Temperature sensors market is segmented by applications, into power industry, energy power, chemicals and petrochemical, oil gas, automotive, advanced fuels, metals, food beverages, and others. By regions, it is segmented into North America, Europe, APAC, and rest of the world.

Key Players:

The prominent players in the Temperature sensors Market 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.

Regional Analysis

North America Leads The Global Temperature Sensors Market With Largest Market Share, APAC Emerges As The Fastest Growing Market Owing to The Massive Rise In Demand.

The North America region is dominating the global temperature sensor market and is accounted for a significant market share of close to 40%. Europe market has shown a steady rise, owing to substantial temperature sensors manufacturing companies based there. This region is expected to grow more in the forecast period. The Asia Pacific has emerged as the fastest growing region for temperature sensors market due to increasing demand for high-performance sensors. China and India have been significant regions in the temperature sensors market in the forecast period.

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TABLE OF CONTENTS

1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure:

1.3.1 Global Temperature Sensors Market: By Product Type

1.3.2 Global Temperature Sensors Market: By Alloy Used

1.3.3 Global Temperature Sensors Market: By Applications

1.3.4 Global Temperature Sensors Market: By Region

2 Research Methodology

2.1 Research Model

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

4 Executive Summary

Continued…

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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