Market Research Report
Temperature Sensors Market by Product Type (Bimetallic, Thermoistor, IC, RTD, Thermocouple, IR, Fiber Optics), End-Use Application (Oil & Gas, Chemical, Refining, HVAC, Automotive, Electrical, and Electronics), and Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||320173|
|Published||Content info||183 Pages
|Temperature Sensors Market by Product Type (Bimetallic, Thermoistor, IC, RTD, Thermocouple, IR, Fiber Optics), End-Use Application (Oil & Gas, Chemical, Refining, HVAC, Automotive, Electrical, and Electronics), and Geography - Global Forecast to 2023|
|Published: July 11, 2017||Content info: 183 Pages||
The overall temperature sensors market is expected to be valued at USD 6.86 billion by 2023, growing at a CAGR of 4.5% between 2017 and 2023. Increasing government initiatives toward pollution control, lean manufacturing, and process control are fueling the growth of the market for temperature sensors. In addition, the trend of process monitoring and controlling is increasing in the petrochemicals sector, which is expected to boost technological advancements. A key restraining factor for the growth of the temperature sensors market is the dwindling market for personal computers.
Temperature sensors are used in applications such as gas flow indicators, liquid level indicators, commercial vending machines, pipeline and temperature monitoring, and welding equipment. With the highly mature oil market and stiff competition amongst players, there is an increasing demand for lean manufacturing and process optimization, which can only be achieved by replacing obsolete technologies. The replacement demand for temperature sensors will drive the market for these applications.
Asia Pacific is expected to hold the largest share of the temperature sensors market by 2023. The temperature sensors market in Asia Pacific (APAC) is expected to grow at a high rate between 2017 and 2023. This region is a huge market for industries such as mining, automotive, food & beverages, power generation, and electronics. The increasing demand for consumer electronics and the growing industrial sector are expected to drive the growth of the temperature sensors market in this region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the temperature sensors market. The break-up of primary participants for the report has been shown below:
The report also profiles the key players in this market. The prominent players profiled in this report are ABB Limited (Switzerland), Analog Devices Inc. (US), Emerson Electric Corporation (US), Maxim Integrated Products Inc. (US), Siemens (Germany), TE Connectivity (Switzerland), and Texas instruments Inc. (US).
This research report categorizes the overall temperature sensors market based on product type, end-use application, and geography. The report discusses the major drivers, restraints, challenges, and opportunities, as well as the value chain, pertaining to the market.
The report would help leaders/new entrants in this market in the following ways:
Top 25 Companies analyzed for this study are - ABB Limited (Switzerland), Analog Devices Inc. (US), Honeywell International Inc. (US), Maxim Integrated Products Inc. (US), Siemens (Germany), TE Connectivity (Switzerland), Texas instruments Inc. (US), Amphenol Corporation (US), Bosch (Germany), Conax (Norway), Delphi (US), Emerson Electric Corporation (US), Microchip Technology (US), NXP Semiconductors N.V. (Netherlands), On Semiconductor Corporation (US), Panasonic Corporation (Japan), Stmicroelectronics (Switzerland), Gunther (Germany), Total temperature Instrumation (US), Omega Engineering Inc. (US), ACDelco (US), Dorman (US), Global Mixed Mode technology Inc. (Taiwan), Kongsberg Gruppen. (Norway), Integrated Device Technology Inc. (US)
*Details on Business Overview, Products offered, Strength of Product Portfolio & Business Strategy Excellence, Key relationships, Recent Developments might not be captured in case of unlisted companies.