PUBLISHER: The Insight Partners | PRODUCT CODE: 1741953
PUBLISHER: The Insight Partners | PRODUCT CODE: 1741953
The Middle East & Africa temperature sensor market was valued at US$ 561.73 million in 2023 and is expected to reach US$ 735.15 million by 2030; it is estimated to register a CAGR of 3.9% from 2023 to 2030.
Growing Adoption Across Various Industries Bolsters Middle East & Africa Temperature Sensor Market
Temperature sensors are used for various purposes across industries such as semiconductor manufacturing, aerospace, healthcare & pharma, food & beverage, energy & utilities, and data centers for accurately and efficiently monitoring the temperatures of a particular object or environment. These sensors are used for calculating the temperature of a certain object or environment. Below mentioned are the uses and benefits provided by temperature sensors in numerous industries -
Middle East & Africa Temperature Sensor Market Overview
The Middle East and Africa (MEA) regional analysis of the temperature sensor market has been conducted by gathering insights from countries such as Saudi Arabia, the UAE, South Africa, and the Rest of MEA. As the energy and utility sector is growing, the demand for temperature sensors is also growing in the MEA. Energy industries are experiencing significant growth in terms of investments due to the rising need for electricity generation. According to Renewables Global Status Report 2022, investments in renewables in the Middle East & Africa increased by 19% in 2021, reaching US$ 12.8 billion. In addition, according to the International Energy Agency, the energy consumption in the region will grow 2% annually from 2023 to 2025. With an objective to meet the growing demand for electricity and to shift to renewable sources, the governments of the UAE, Saudi Arabia, and Qatar, among others, are seeking temperature sensors. Temperature sensors monitor the temperature of solar panels to optimize energy output. These sensors are used to monitor the temperature of critical components in wind turbines, such as gearboxes and generators, which helps prevent overheating and extends the lifespan of equipment. Also, the rising demand for oil and gas worldwide is increasing oil and gas exploration activities in the MEA. For example, Petroleum Development Oman (PDO) completed its 1,500th well at the Nimr cluster, a groundbreaking achievement in the Sultanate of Oman. Temperature sensors are widely used in the oil & gas industry to monitor wellbore temperature. Therefore, the demand for temperature sensors is increasing in the MEA, boosting market growth.
Middle East & Africa Temperature Sensor Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Temperature Sensor Market Segmentation
The Middle East & Africa temperature sensor market is categorized into type, connectivity, end user, and country.
Based on type, the Middle East & Africa temperature sensor market is segmented into thermocouple, resistance temperature detectors (RTD), thermistor, infrared, and others. The thermocouple segment held the largest share of Middle East & Africa temperature sensor market share in 2023.
In terms of connectivity, the Middle East & Africa temperature sensor market is bifurcated into wired and wireless. The wired segment held a larger share of Middle East & Africa temperature sensor market in 2023.
By end users, the Middle East & Africa temperature sensor market is segmented into semiconductor manufacturing, healthcare & pharma, food and beverage, data center, aerospace, energy & utilities, and others. The others segment held the largest share of Middle East & Africa temperature sensor market in 2023.
By country, the Middle East & Africa temperature sensor market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa temperature sensor market share in 2023.
Texas Instruments Inc.; Siemens Ltd.; TE Connectivity Ltd.; Amphenol LTW Ltd.; Analog Devices Inc.; Emerson Electric Co.; Panasonic Corporation; Microchip Technology, Inc; Honeywell International, Inc.; and NXP Semiconductors N.V are some of the leading companies operating in the Middle East & Africa temperature sensor market.