Global Temperature Sensors Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- January 12, 2023
- ELECTRONICS & SEMICONDUCTOR, NEWS
- Asia Temperature Sensors Market, Europe Temperature Sensors Market, Middle East Temperature Sensors Market, Temperature Sensors, Temperature Sensors Market, Temperature Sensors Market analysis, Temperature Sensors Market forecast, Temperature Sensors Market growth, Temperature Sensors Market shape, Temperature Sensors Market share, Temperature Sensors Market size, Temperature Sensors Market trends, US Temperature Sensors Market
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A temperature sensor is a device that detects and measures hotness and coolness and converts it into an electrical signal. The usage of temperature sensors in manufacturing industries and automotive industries along with the technological advancements in the petrochemical industry attributes to the market growth of temperature sensors. Furthermore, the rising demand for shopping centers to maintain the constant ambient temperature coupled with the higher usage of temperature sensors in the food & beverage industry is the factors driving the market for temperature sensors.
The Temperature Sensors market is expected to grow at a steady rate of around 5% owing to the increasing demand from the healthcare industry. Other factors such as the growing demand for advanced and portable healthcare equipment is also driving the market’s growth during the forecast period. With the advent of advanced technologies, such as the advanced patient monitoring system and portable monitoring systems, is also increasing the demand for temperature sensors during the coming years.
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Based on the type, the market has been categorized into contact and non-contact. Among them, the non-contact segment is expected to have significant growth in the market. The non-contact temperature sensors generally consist of infrared or fiber optic sensors that detect the temperature. The non-contact sensors are easy to use, reduce the risk of disease spreading, and measure the temperature accurately.
Based on the application, the market has been categorized into chemical, oil & gas, consumer electronics, healthcare, automotive, and others. Among them, the oil & gas segment is expected to have significant growth in the market during the forecast period. The sensors are used in various processes in the oil & gas industry such as extraction, refining, and production to prevent moisture, overheating, and corrosion resulting. Thus, the oil & gas industry witnessing increasing demand for sensors.
For a detailed analysis of the Global Temperature Sensors Market browse through- https://univdatos.com/report/temperature-sensors-market/
For a better understanding of the market adoption of the temperature sensors industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America constitutes a significant temperature sensor market due to the presence of major market players and the large investment in the technology is the major factor in the market growth of the temperature sensors in the region.
Some of the major players operating in the market include Honeywell International Inc., TE Connectivity Ltd., Texas Instruments Incorporated, Endress+Hauser Management AG, Siemens AG, Maxim Integrated, Emerson, ABB, NXP, and Kongsberg.
Global Temperature Sensors Market Segmentation
Market Insight, by Type
• Contact
• Non-contact
Market Insight, by Application
• Chemical
• Oil & gas
• Consumer electronics
• Healthcare
• Automotive
• Others
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
• Honeywell International Inc.
• TE Connectivity Ltd.
• Texas Instruments Incorporated
• Endress+Hauser Management AG
• Siemens AG
• Maxim Integrated
• Emerson
• ABB
• NXP
• Kongsberg.
