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Temperature Sensors Market By Product Type (Thermistor, Thermocouple, Resistance Temperature Detectors (RTD), Infrared Temperature Sensors, Fiber Optic Temperature Sensors, Bimetallic Temperature Sensors), By Sensing Method (Contact-Based Temperature Sensors, Contactless Temperature Sensors) - Growth, Future Prospects, And Competitive Analysis, 2015 -2025

Temperature is among the most widely measured parameters across different industrial applications. Incorrect temperature measurements can cause damage to various pieces of equipment, resulting in significant losses. Nearly fifty percent of industrial processes are based on accurate temperature measurement and control. Thus, temperature sensors are among the most integral instrumentation devices used across different applications. Temperature sensors refer to instrumentation devices used to measure the temperature of a given piece of equipment or load.

The overall temperature sensors market is primarily driven by the ever-rising industrial manufacturing and processing sector worldwide. With the consistent rise anticipated, especially in the Asia Pacific region, the market growth is projected to remain promising throughout the forecast period. In addition, the growth of the market is supported by the widening application area of temperature sensors. Due to the rapidly rising consumer electronics industry, the temperature sensor market has witnessed substantial growth over the past few decades. Similarly, with the rising automotive and HVAC sectors, the temperature sensors market is set to exhibit robust growth over the forecast period.

The report titled "Global Temperature Sensors Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global temperature sensors market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on product type, sensing method, and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.

The report also includes competitive profiling of the leading temperature sensor vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are Texas Instruments, Inc., Microchip Technology, Inc., Analog Devices, Inc., Honeywell International, Inc., Infineon Technologies AG, STMicroelectronics N.V., General Electric (G.E.) The company ABB Ltd., Maxim Integrated Products, Inc., ON Semiconductor, Atmel Corporation, Calex Electronics Ltd., Panasonic Corporation, and others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the industry's upcoming attractive markets for temperature sensors
  • Comparative analysis for different segments for the years 2016 and 2025
  • Market fuelers, market impediments, and their impact on market growth
  • In-depth competitive environment analysis, including the positioning of market players and their business strategy analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global temperature sensors market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

On the basis of the sensing method, the global temperature sensors market is segmented into the following categories:

  • Contact-based temperature sensors
  • Contactless Temperature Sensors

On the basis of sensing methods, the overall temperature sensors market is led by the contact-based temperature sensors segment. The segment accounted for more than two-thirds of the total market revenue generated worldwide. Contact-based temperature sensors are the oldest type of sensors used across different applications. These sensors offer robust accuracy, have a simple design, and are low in cost. This makes these sensors suitable for a wide range of applications. As a result, the contact-based temperature sensors segment is expected to maintain its dominance over the forecast period. Nonetheless, with the overall wireless sensors industry advancing, the non-contact temperature sensors segment is expected to grow rapidly in the coming years. These sensors have a relatively higher life as compared to their contact-based counterparts since there is no wear and tear on the sensor.

Based on geography, the global temperature sensors market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

The overall market for temperature sensors is largely dependent upon the industrial manufacturing and processing, consumer electronics, and HVAC industries. In addition, automotive represents another major application for temperature sensors. Due to the strong presence of the aforementioned sectors, Asia Pacific and Europe collectively dominate the overall market for temperature sensors. As of 2016, the two regions contributed more than sixty percent of the total market revenue generated worldwide. The Western European countries dominate the European market as a whole. Further, due to continued industrial growth across countries such as China, India, Japan, South Korea, and some of the Southeast Asian nations, Asia-Pacific would demonstrate the highest growth in the following years.

Frequently Asked Questions:

The market for Temperature Sensors Market is expected to reach US$ XX Mn By 2025.

The Temperature Sensors Market is expected to see significant CAGR growth over the coming years, at 3.8%.

The report is forecasted from 2015-2025.

The base year of this report is 2014.

General Electric (G.E.) The company ABB Ltd., Maxim Integrated Products, Inc., ON Semiconductor, Atmel Corporation, Calex Electronics Ltd., Panasonic Corporation are some of the major players in the global market.

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Godaddy
Published Date:  Jul 2017
Category:  Semiconductor & Electronics
Report ID:   58568
Report Format:   PDF
Pages:   120
Rating:    4.7 (80)
Delivery Time: 24 Hours to 48 Hours   
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