Zion Market
Research has published a new report titled “Temperature Sensor Market
(Thermistor, Resistive Temperature Detector, Thermocouple, Infrared Temperature
Sensor, Fiber Optic Temperature Sensor, Bimetallic Temperature Sensor and
Others) Market for Food and Beverage, Aerospace and Defense, Chemicals, Oil
& Gas, Consumer Electronics, Automotive, Healthcare and Others End-User:
Global Industry Perspective, Comprehensive Analysis And Forecast, 2016 - 2022.”
According to the report, global temperature sensor market was valued at around
USD 4.81 billion in 2016 and is expected to generate revenue of USD 6.26 billion
by end of 2022, growing at a CAGR of 4.50% between 2017 and 2022.
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A
temperature sensor is a device, typically, a thermocouple or RTD that provides
for temperature measurement through an electrical signal. A thermocouple (T/C)
is made from two dissimilar metals that generate an electrical voltage in
direct proportion to changes in temperature. In general, a temperature sensor
is a device which is designed specifically to measure the hotness or coldness
of an object. LM35 is a precision IC temperature sensor with its output
proportional to the temperature (in °C). With LM35, the temperature can be
measured more accurately than with a thermostat. It also possesses low
self-heating and does not cause more than 0.1 °C temperature rise in still air.
The operating temperature range is from -55°C to 150°C.
Rising
importance of advanced and portable health care equipment and growing demand
for high-performance sensor instruments are expected to be the major drivers
for the global temperature sensor market. Further, increase in the demand of
consumer electronics are expected to support the temperature sensor market
growth in the near future. Nonetheless, the rising application areas globally
are expected open new avenues for the market growth over the next few years.
Moreover, increasing government initiatives to improve the medical and
healthcare industry in North America is also expected to drive the temperature
sensors market.
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Contents) @
A range of
end-user segments of temperature sensor market includes food and beverage,
aerospace and defense, chemicals, oil & gas, semiconductor and electronics,
automotive, healthcare and others. Food and beverage segment is one of the
leading segments of temperature sensor market. Consumer electronics,
automotive, healthcare is other key outlets of the market and expected to
exhibit significant growth within the forecast period. The thermocouple is one
of the dominating segments of this market.
Thermocouples are used to generate electricity. The thermistor is
another key outlet for temperature sensor market.
Demand for
temperature sensor was the highest in North America and accounted for over 41%
share of the total market. Asia Pacific was predicted to be the fastest growing
region due to the growing economies in the region such as China, Japan, South
Korea, and India, among others. Europe is expected to grow at significant rate
in the forecast period.
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Key
participants in the temperature sensor market are ABB Ltd., General Electric
Co., Infineon Technologies AG, STMicroelectronics N.V., Panasonic Corp., ON
Semiconductor, Maxim Integrated Products Inc., Honeywell International Inc.,
Microchip Technology Inc., Siemens and Texas Instruments Inc.
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