Temperature
Sensors Market strategic research study offers company accounts, industry investors,
and industry members with consequential insights to enable them to make
reliable strategic decisions regarding the opportunities in the global market.
Temperature Sensors Market
research report offers detail overview of industry with all the requisite data
to support tactical business decisions and come up with strategic growth plans.
This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures.
KEY BENEFITS
1. Temperature Sensors market analysis based
on current industry scenario and expected future trends to enable stakeholders
take strategic decisions.
2. Analysis of the factors impacting the Temperature
Sensors market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Temperature Sensors
market top key players and their strategic moves.
5. Evaluation of Temperature Sensors market
trends to provide deep-dive intelligence into every market segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Temperature Sensors market micro-level
analysis based on application, type and geography.
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The global Temperature
Sensors Market is anticipated to reach USD 6.13 billion by 2020. Rising demand
for temperature sensors in semiconductors, automotive segment, and in other
process industries including F&B, plastics and metal is expected to drive
the market growth over the forecast period. Increasing need for advanced sensing
technologies including image, pressure, proximity, heat and acceleration
sensors among various industry players, coupled with rising number of
automotive manufacturing facilities particularly in emerging economies
including India, and China can be attributed as the major factor propelling the
market growth
Demand for highly advanced
innovative consumer electronics is expected to increase owing to changing
consumer preferences for high performance and efficient products. These trends
are anticipated to positively affect the temperature sensors product since
sensors are considered to be the major part of electronic devices. Use of
nanotechnology and micro technology enables contactless and accurate
measurements are anticipated to offer future opportunities to the sensors
market. Temperature controls are vital for manufacturing, storing and handling
of medical drugs and devices. The sensors are widely used in communication
sector including mobile phones and other handheld devices. They maintain and provide
efficient performance coupled with reduction in power consumed by monitoring
and controlling heat. Increasing demand for tech savvy products is expected to
steer the overall market.
These sensors are also used
in switches, wireless routers, VoIP equipment Bluetooth devices, modems.
Growing demand for these products and devices would positively impact the
sensors market growth over the forecast period. Personal computers, scanners,
copiers, POS terminals and printers constitute sensors for temperature control
and to avoid and accessories such as scanners, printers, copiers and POS
terminals. Entertainment systems such as gaming consoles Blu-Ray/DVD players,
and flat panel TVs, also use these devices to enhance performance and provide
better reliability. Increasing awareness and adoption of HVAC modules is
anticipated to favorably influence the global industry. Technological
advancements coupled with reduction in prices is expected to result in launch
of new product applications in HVAC sector.
Lithium neonate and
Lanthanum gallium silicate also known as langasite form the key raw materials
of temperature sensors that improve measurement ranges of these sensors.
Silicon sensors are widely used materials since they are easily available, cost
efficient and are used to measure physical parameters including pressure. Multi
sensors are extensively used in mass applications due to their stability and
thereby driving the global temperature sensors growth rate. Rising concern
towards surveillance and security is expected to propel the demand for sensors
over the next seven years. Government initiatives for safety and environmental
norms are anticipated to steer the market growth. The launch of MEMS technology
in the market can be attributed as the major opportunities for market in the
future.
On the basis of product
type, the global market has been segmented into Bimetallic Sensor, Sensor IC,
Thermistor (Negative and Positive Temperature Coefficient), Resistive Detector
(RTD), Thermocouple, Infrared and Fiber Optic temperature sensors.
Thermocouples are expected to have the largest market share in terms of revenue
owing to its wide applications in several industries including process, metal
and petrochemicals industries, owing to quick response to temperature fluctuations,
user friendliness, and simplicity. They are also extensively used in mechanical
and electrical apparatus for testing prototypes that are produced for
manufacturing.
Thermistors are expected to
witness significant growth rate over the forecast period. A thermistor is a
superior type of resistor that tends to change its physical resistance value
when exposed to temperature changes. These sensors usually constitute and made
of ceramic materials including oxides of manganese, nickel, cobalt coated in glass
which makes them easily damaged. High speed of response time to minor changes
in accuracy repeatability and temperature is expected to propel the market
growth of this segment.
Bimetallic temperature
sensors are expected to grow at a moderate rate. These sensors are widely used
to reduce electrical power in household and offices by operating on a relay,
controlling an electronic ignitor, either a resistance heater or electrically
power-driven spark producing device. North America holds the major share in the
global market owing to increasing in demand and need for temperature sensors in
home weather stations, smart homes particularly in regions such as U.S. and
Canada. Increasing investment in R&D and technological advancements can be
attributed as the key factor for the market dominance in this region. Asia
Pacific is expected to witness significant growth rate owing to increasing
healthcare, oil & gas and automobile sectors in the region
Key market players are ABB
Ltd., Texas Instruments Incorporated, Honeywell International, Inc. Analog
Devices, Siemens AG, Maxim Integrated Products, Inc., Other industry
participants include Kongsberg Gruppen, Danaher Corporation, Emerson Electric
Company, TE Connectivity Ltd., General Electric, Panasonic Corporation,
Microchip Technology Incorporated, NXP Semiconductors, and STMicroelectronics.
Major players in the industry invest more in partnerships, research
&development and collaborations with local players to develop high
performance and enhanced temperature sensors. Many companies manufacture
products and also provide services and system integrators to the clients
forming an important role in the market.
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