RTD Temperature Sensors Market to Reflect Steadfast Expansion during 2019 – 2023 | Global Key Players - Texas Instruments Incorporated, Panasonic, Siemens AG, Honeywell, ABB, GE, Emerson Electric, STMicroelectronics

Marketprognosis.com Publish a New Market Research Report On “Global RTD Temperature Sensors Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global RTD Temperature Sensors Market:

The Global RTD Temperature Sensors Market USD 1.11 Billion in 2017, and is expected to reach a value of USD 1.54 Billion by 2023 at a CAGR of 5.64%, during the forecast period of (2018 - 2023).

The scope of the report is limited to type of measurement like surface measurement, liquid measurements, air and gas stream measurements. End-user industry is limited to consumer electronics, automotive, aerospace & defense, healthcare, chemical, oil & gas, energy and power, food & beverage, and retail sector. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.

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Increasing Demand for Temperature Sensors in Consumer Electronics; Temperature measurement and control is crucial to the steady performance of sophisticated consumer electronic products. The sensors provide long-term reliability, accuracy, and fast response times for the efficient operation of household electronics, such as home appliances, pool, and spa control, among other products. Owing to their high performance, RTDs are the primary sensors of choice for sophisticated HVAC applications. Highly efficient environmental building control systems require precision temperature measurements at numerous points within a project.

Automotive Sector Has the Highest Market Share; The automotive industry is currently experiencing a passive market change. The rise of the shared economy and new partnerships with disruptive tech companies, are the factors resulting in the growth of automotive manufacturers.

North America region has a significant market share; The highest share is attributed to the booming manufacturing and food-processing industries, especially in chamber application, where usually temperature (cold) is the only parameter monitored. RTDs are the most advanced versions of temperature measurement sensors that provide highly accurate, stable, linear response for moderate range of temperatures; however, they are energy inefficient, as they need external power. According to the US FDA, only two temperatures sensors are used in regulating the food and drug industry, namely resistance temperature detectors (RTDs) and thermistors. The number of employees in the chemical manufacturing industry is growing, directly implying the growth of chemical manufacturing industry.

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Major Key Players:

1 Texas Instruments Incorporated

2 Panasonic Corporation

3 Siemens AG

4 Honeywell International, Inc.

5 ABB Ltd.

6 Analog Devices, Inc.

7 General Electric

8 Kongsberg Gruppen

9 Emerson Electric Company

10 STMicroelectronics and More……………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of RTD Temperature Sensors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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