Press release
Temperature Sensor Market Projected to reach 7.48 Billion USD by 2023 | Key Players include ABB, Texas Instruments, Analog Devices, Honeywell International and Amphenol
MarketsandMarkets
Browse 67 market data Tables and 52 Figures spread through 150 Pages and in-depth TOC on "Temperature Sensor Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/temperature-sensor-market-522.html
Early buyers will receive 10% customization on this report.
Market for contact-type temperature sensor to grow at higher CAGR during forecast period
Contact-type temperature sensors comprise thermocouple, RTD, thermistor, temperature sensor IC, and bimetallic temperature sensor. These are widely used in industries such as chemicals, consumer electronics, oil & gas, energy & power, and automotive, owing to their low cost, wide temperature range, and high accuracy. The rising adoption of temperature sensors in automotive, chemicals, and consumer electronics sectors is the major driving factor for the market. Moreover, it is expected that the growth of contact-type temperature sensors will be driven by wearables, smartphones, and other consumer electronics devices.
Request for Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=522&utm_source=OpenPR
Chemicals to account for largest size of temperature sensor market in 2018
Monitoring and controlling temperature in any chemical process is of vital importance. There are various critical and sensitive chemical processes wherein a small change in temperature may damage the processing equipment, as well as lead to loss of hundreds of thousands. Therefore, temperature sensors play an important role in the chemicals end-user industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors for temperature monitoring and control. Such usage of temperature sensors in the chemicals end-user industry creates significant demand for these sensors.
APAC to dominate temperature sensor market during forecast period
The temperature sensor market in Asia Pacific is expected to grow at the highest CAGR during the forecast period as APAC has a strong demand for consumer equipment, including portable healthcare electronics and white goods. Increasing industrial automation, especially in automotive and food & beverages sectors, will generate demand for temperature sensors in APAC.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=522&utm_source=OpenPR
Major players operating in the temperature sensor market include ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Tecgnology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Temperature Sensor Market Projected to reach 7.48 Billion USD by 2023 | Key Players include ABB, Texas Instruments, Analog Devices, Honeywell International and Amphenol here
News-ID: 1644929 • Views: …
More Releases from MarketsandMarkets™
Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for…
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.…
Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this…
Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.…
More Releases for Switzerland
Polyethylene Furanoate (PEF) Market worth $28 million by 2028 | Key players Sulz …
According to recent market research the "Polyethylene Furanoate (PEF) Market by Source (Plant Based, Bio Based), Grade, Application (Bottles, Films, Fibers, Molded), End-Use Industry (Packaging, Fiber & Textiles, Electronics & Electrical, Pharmaceuticals), & Region - Global Forecast to 2028 ", is projected to reach USD 28 million by 2028, at a CAGR of 8.1 % from USD 19 million in 2023. The PEF market is mainly driven by government regulation…
Switzerland Self-Storage Market 2021 is Booming Worldwide with Profiling Key Pla …
The “Switzerland Self-Storage Market” Research Report 2021-2027 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.
The Switzerland self-storage…
Switzerland Agriculture Market | Switzerland Agriculture Industry | Switzerland …
The Agriculture has always been of prodigious importance for Switzerland, as feeding the world’s prime population is not a calm task. The Switzerland government has been supportive the agriculture industry with a sum of policies, trying to stabilize the output and seeking techniques to ensure the division is growing healthily and sustainably. The Switzerland federal government has been decidedly supportive of the agriculture for decades, and there is extensive political…
Switzerland Agriculture Market | Switzerland Agriculture Industry | Switzerland …
Switzerland Agriculture, land used for agriculture amounts to 37% of the overall space. Regarding one third of the agricultural land is found within the midlands. Pastures and meadows account for the most important a part of the complete agricultural land. Consequently, the bulk of the farms focus on stock agriculture, whereby dairy cattle farming dominate. The foremost vital land-utilization category in cultivable farming is cereals. The Swiss soils, terrain, and climate don’t…
Global Process Spectroscopy Market 2018 - ABB Group (Switzerland), Bruker Corpor …
The global Process Spectroscopy market research report 2019 -2023 proposes a thorough analysis of the Process Spectroscopy market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Process Spectroscopy market report provides a wide-range of Process Spectroscopy market segmentation Molecular , Mass , Atomic…
Diamond Coatings Market Demand Survey 2025| Oerlikon (Switzerland), NeoCoat SA ( …
Global Diamond Coatings Market: Overview
Diamond coatings or diamond –like carbon is a type of amorphous carbon which depicts some of the usual properties of a diamond. Generally, it is use as a coatings on other materials with could draw the benefits from these traits. The global diamond coatings market is anticipated to flourish at a robust CAGR during the forecast period from 2017 to 2025.
Request Sample Copy of the Report…
