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2020-09-01
755
Global
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 Market Intelligence analyst forecast that the global temperature sensors market is set togrow at a CAGR of 4.71% over the forecast period (2017-2030). 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.
By Sensor Categories
By Sensor Types
By End-User
By Geography
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.
The report covers the present ground scenario and the future growth prospects of the temperature sensors market for 2017-2030 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 Market Intelligence 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.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Temperature Sensor Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Global temperature sensors market report comprises of the following companies as the key players.
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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