Temperature Sensors Market Report- Trends, Share, Key Players, Demand, Restraints, Risk, Driving Factor- By Sensor Categories(Contact & Non-Contact Sensors), By Sensor Types(Thermocouples, Resistor temperature detectors, Thermistors, Infrared sensors, Semiconductors, Thermometers), By End User, By Region

Market Overview

Temperature sensors are an essential part across various everyday products such as household equipment namely ovens, microwaves and refrigerators among others. Apart from household equipment, temperature equipment has industrial applications such as in chemical industry and energy sector to be named few.  The industrialization and advancing technologies has driven the growth of temperature sensors. And in future, the accuracy required in measuring the temperature across multiple industries and their products, the application of temperature sensors tends to continue to grow. Advance technologies such as robotics, autonomous vehicles that will mark the future will provide new application segment of temperature sensors. Goldstein Research analyst forecast that the global temperature sensors market is set to harness market revenue of USD 7.55 billion by 2025 growing at a CAGR of 4.71% over the forecast period (2017-2025). Further, the high cost of temperature sensors and lack of skilled professionals tends to restrain the growth of the market, even though the demand is increasingly high. Moreover, the increasing trend of MEMS (Micro-Electro-Mechanical Systems) sensors, also known as smart sensors, is expected to take over the larger share of sensors market on account of its flexibility in operation, eliminating the use of multiple sensors.

Temperature Sensors Market Segmentation

By Sensor Categories

• Contact Sensors
• Non-Contact Sensors

By Sensor Types

• Thermocouples
• Resistor temperature detectors
• Thermistors
• Infrared sensors
• Semiconductors
• Thermometers

By End-User

• Manufacturing Industry
• Aerospace Industry
• Energy Sector
• Electronics Industry
• HVAC Industry
• Others (Healthcare Industry, etc.)

By Geography

• North America (U.S. & Canada)  Temperature Sensors Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Temperature Sensors Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Temperature Sensors Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Temperature Sensors Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, Romea) Temperature Sensors Market {Market Share (%), Market Size (USD Billion)}

Revenue Share by Sensors and Region

Based on sensors type, thermocouples accounted for largest market share of 20.7% in 2017, owing to its low cost that makes the thermocouples temperature sensors an ideal for application in various industries.

Based on geography, Asia Pacific region accounted for largest revenue share of nearly 37.9% in 2017 of the global temperature sensors market on the back of high industrial development activities in the region with increasing demand for the temperature sensors. Asia Pacific is closely followed by North America, growing at a CAGR of 5.0% over the forecast period.

Covered In This Global Temperature Sensors Market Report

The report covers the present ground scenario and the future growth prospects of the temperature sensors market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

Temperature Sensors Market report by Goldstein Research has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global temperature sensors market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Temperature Sensors Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Our Global temperature sensors market report comprises of the following companies as the key players.

•  ABB Limited
•  Honeywell International Inc.
•  NXP semiconductors N.V.
•  Qualcomm Technologies Inc.
•  STMicroelectronics N.V.
•  NXP semiconductors N.V.
•  Robert Bosch GmbH
•  Hewlett Packard Enterprise Development LP
•  ifm electronics gmbh
•  Kaman Corporation
•  Keyence Corporation
•  Lion Precision Inc.
•  Micron Optics Inc.
•  Omron Corporation
•  Panasonic Corporation
•  Pepperl+Fuchs
•  Standex-Meder Electronics Inc.
•  Turck Inc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this research

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for global temperature sensors market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the global temperature sensors market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects