According to the latest report by IMARC Group, title ” Temperature Sensors Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027.’the global temperature sensors market is expected to exhibit a CAGR of 5.4% during 2022-2027.
Temperature sensors refer to electronic devices that are widely used for measuring and detecting temperature. They are usually equipped with metals that aid in converting the input data into electronic data for signaling temperature changes and readings in numerous applications and industries. In line with this, temperature sensors are durable and have a low initial cost, high-speed response, remarkable accuracy, etc. They are commonly available in the form of contact and non-contact physical types. As such, temperature sensors are extensively utilized in wellhead and chemical tanks, flare systems, compressors for data collection, etc.
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Temperature Sensors Market Trends:
The inflating need for faster processors, smaller system sizes, and supporting advanced applications in personal computing is primarily driving the temperature sensors market. Additionally, the widespread adoption of desktop and portable computers and the rising utilization of heating, ventilation, and air conditioning (HVAC) modules in the automotive sector are further catalyzing the market growth. Besides this, leading manufacturers operating across the food and beverage (F&B) industry are relying on temperature sensors to maintain higher quality and consistency, which is acting as another significant growth-inducing factor. Moreover, the growing levels of industrialization, extensive investments in offshore exploration projects, and numerous R&D activities are positively influencing the global market. Apart from this, the introduction of advanced security systems, owing to the increasing focus on surveillance, is also stimulating the market growth. Furthermore, the development of portable healthcare equipment, on account of the escalating demand for patient monitoring systems, the expanding geriatric population, and the sudden outbreak of the COVID-19 pandemic, is expected to fuel the temperature sensors market over the forecasted period.
Temperature Sensors Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global temperature sensors market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• ABB Ltd.
• Amphenol Corporation
• Analog Devices Inc.
• Continental AG
• Emerson Electric Co.
• Honeywell International Inc.
• Microchip Technology Inc.
• NXP Semiconductors N.V.
• OMRON Corporation
• Panasonic Corporation
• Robert Bosch GmbH
• Siemens AG
• TE Connectivity
• Texas Instruments Incorporated.
Key Market Segmentation:
The report has segmented the global temperature sensors market on the basis of connectivity, technology and end use industry.
Breakup by Connectivity:
Breakup by Technology:
• Resistance Temperature Detectors (RTD)
• Temperature Transmitters
• Fiber Optic
Breakup by End Use Industry:
• Chemical and Petrochemical
• Oil and Gas
• Metal and Mining
• Power Generation
• Food and Beverage
• Aerospace and Military
• Consumer Electronics
Breakup by Region:
• North America
• Latin America
• Middle East and Africa
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Company Name: IMARC Group
Contact Person: Elena Anderson
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Country: United States
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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