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According to a new market research report published by Acute Market Reports, the global market for temperature sensors is set to expand with a CAGR of 3.8% over the forecast period 2017 to 2025.
Market Insights
Temperature sensor refers to the instrumentation device used to measure the temperature of a given object / load. These sensors are widely used in a variety of applications including industrial manufacturing & processing, automotive, heat, ventilation, air conditioning (HVAC), food & beverage, oil & gas and many others. Temperature sensors are among the most prominent instrumentation devices in these verticals. Accurate temperature measurements may result in damage to major industrial and residential equipment. Subsequently, temperature sensors have witnessed deep penetration across different applications over time. The most popular types of temperature sensors include contact-based and contactless temperature sensors.
Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/temperature-sensors-market
Consistently rising industrial manufacturing & processing sector is the main driver of the global market for temperature sensors. Mainly driven by China, Japan, South Korea and India, Asia Pacific is the world’s most promising market for temperature sensors. With rapid industrialization across the region, the demand for related instrumentation devices (such as temperature sensors) is projected to remain strong in the years to come. In addition, the demand for temperature sensors is driven by the increasing penetration of smartphones and other electronic temperature sensors.
The overall temperature sensors market is segmented on the basis of product type and sensing method. On the basis of product type, the market is segmented into thermistor, thermocouple, resistance temperature detectors (RTD), infrared temperature sensors, fiber optic temperature sensors, bimetallic temperature sensors and others. Based on the sensing method, the market is categorized into contact-based and contactless temperature sensors. As of 2016, the overall temperature sensors market is led by the contact-based temperature sensors segment, accounting for more than sixty percent of the total market revenue. This is attributed to their low cost, simple design and prolonged existence in the market.
On the basis of geographic regions, the market is classified into North America, Europe, Asia Pacific and rest of the world (RoW). As of 2016, the overall temperature sensors market is collectively led by the Europe and Asia Pacific region. In the following years, Asia Pacific is set to continue dominating the overall temperature sensors.
Table of Content
Chapter 1
Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2
Executive Summary
2.1 Market Snapshot: Global Temperature Sensors Market
2.2 Global Temperature Sensors Market, By Product Type
2.3 Global Temperature Sensors Market, By Sensing Method
2.4 Global Temperature Sensors Market, By Geography
Chapter 3
Market Dynamics
3.1 Introduction
3.1.1 Global Temperature Sensors Market Revenue and Growth, 2015 – 2025, (US$
Bn) (%)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies adopted by the Leading Players
Chapter 4
Global Temperature Sensors Market Analysis, by Product Type
4.1 Overview
4.2 Thermistor
4.3 Thermocouple
4.4 Resistance Temperature Detectors (RTD)
4.5 Infrared Temperature Sensors
4.6 Fiber Optic Temperature Sensors
4.7 Bimetallic Temperature Sensors
4.8 Others
Chapter 5
Global Temperature Sensors Market Analysis, By Sensing Method
5.1 Overview
5.2 Contact-based Temperature Sensors
5.3 Contactless Temperature Sensors
Chapter 6
North America Temperature Sensors Market Analysis
……….
Chapter 7
Europe Temperature Sensors Market Analysis
………..
Chapter 8
Asia Pacific Temperature Sensors Market Analysis
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Chapter 9
Rest of the World (RoW) Temperature Sensors Market Analysis
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