The temperature sensor market was valued at USD 5.29 Billion in 2017 and
is expected to reach USD 7.48 Billion by 2023, at a CAGR of 5.9% during
the forecast period. The base year considered for the study is 2017,
and the forecast period considered is 2018–2023. The objective of the
report is to provide a detailed analysis of the temperature sensor
market by product type, end-user industry, and region. The report
forecasts the market size, in terms of value, of various segments with
regard to 4 main regions North America, Europe, APAC, and RoW. It
strategically profiles the key players and comprehensively analyzes
their rankings and core competencies in the temperature sensor market,
and details the competitive landscape for these market leaders.
Monitoring and controlling temperature in any chemical process is of vital importance. There are various critical and sensitive chemical processes wherein a small change in temperature may damage the processing equipment, as well as lead to loss of hundreds of thousands. Therefore, temperature sensors play an important role in the chemicals end-user industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors for temperature monitoring and control. Such usage of temperature sensors in the chemicals end-user industry creates significant demand for these sensors.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Monitoring and controlling temperature in any chemical process is of vital importance. There are various critical and sensitive chemical processes wherein a small change in temperature may damage the processing equipment, as well as lead to loss of hundreds of thousands. Therefore, temperature sensors play an important role in the chemicals end-user industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors for temperature monitoring and control. Such usage of temperature sensors in the chemicals end-user industry creates significant demand for these sensors.
APAC to dominate temperature sensor market during forecast period
The temperature sensor market in Asia Pacific is
expected to grow at the highest CAGR during the forecast period as APAC
has a strong demand for consumer equipment, including portable
healthcare electronics and white goods. Increasing industrial
automation, especially in automotive and food & beverages sectors,
will generate demand for temperature sensors in APAC.
Major players operating in the temperature sensor
market include ABB (Switzerland), Texas Instruments (US), Analog Devices
(US), Honeywell International (US), Amphenol (US), Global Mixed Mode
Technology (Taiwan), Integrated Device Tecgnology (US), Kongsberg
Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US),
Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan),
Yamari Industries (Japan), STMicroelectronics (Switzerland), TE
Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik
(Germany), and Omega Engineering (US).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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