|09-10-2018 05:53 PM CET - Business, Economy, Finances, Banking & Insurance||
Global Temperature Sensor Market overview and business development strategies by 2024 - Top manufacturers are Texas Instruments, Panasonic, Siemens, Honeywell, ABB, Analog Devices, GE, KONGSBERG, Emerson, STMicroelectronics, Microchip Technology Inc., NXP
Press release from: Data Bridge Market Research
Temperature Sensor market research report offers valuable insights and helps client’s gain higher market share into multiple sections impacting the growth of the market globally. For a better understanding of the market, our market experts provide a comprehensive analysis of the factors defining the the growth of the Temperature Sensor market and encompasses a wide range of factors that will prove crucial to our clients and presents them with actionable insights. The key player analysis of Temperature Sensor market is intended to provide crucial information and In-depth intelligence on the changing competitive scenarios on market strategies, implemented by the prominent players and the critical products and services offered by them.
The Global Temperature Sensor Market accounted to USD 5.0 billion in 2016 growing at a CAGR of 4.8% during the forecast period of 2017 to 2024.
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Well known players of Global Temperature Sensor market are Texas Instruments, Panasonic, Siemens, Honeywell, ABB, Analog Devices, GE, KONGSBERG, Emerson, STMicroelectronics, Microchip Technology Inc., NXP Semiconductors, Infineon Technologies, Sensata Technologies, Microchip Technology Inc., Ultra Electronics, UTC Aerospace Systems, Delphi, NXP acquires Freescale Semiconductor, Maxim Integrated, Mouser Electronics, FLIR Systems, Ircon, Inc., Yokogawa, Yokogawa Electric China Co.Ltd, Thermometric AB, Panasonic USA, Panasonic Asia Pacific, Panasonic UK and others.
On the basis of application, the temperature sensor market is segmented into
• consumer electronics,
• aerospace and defence,
• oil & gas,
• energy and power,
• food & beverage,
• retail sector,
On the basis of geography, temperature sensor market report covers data points for 28 countries across multiple geographies such as
• North America & South America,
• Asia-Pacific, and
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
On the basis of product type, the temperature sensor market is segmented into
• resistive temperature detector (RTD),
• infrared temperature sensor,
• fiber optic,
• IC temperature sensor,
• MEMS bases
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Temperature sensor market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of temperature sensor market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Increasing use advanced and portable healthcare equipment
• Fast growing automotive sector
• Increasing use of home and building automation
• Increasing use in food and safety management
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