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Temperature Sensor Market Industry Analysis, Growth and Forecast 2019 to 2024 key Vendors like ABB Group, Denso Corporation, Honeywell International Inc., Emerson Electric Co., STMicroelectronics N.V., NXP Semiconductors N.V., Infineon Technologies AG

04-04-2019 02:44 PM CET | Energy & Environment

Press release from: Qurate Business Intelligence

Temperature Sensor Market Industry Analysis, Growth

Global Temperature Sensor Industry was valued at USD 4.95 Billion in the year 2017. Global Temperature Sensor Industry is further estimated to grow at a CAGR of 3.94% from 2018 to reach USD 6.73 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, developed industry’s like The U.S. as well the emerging industries like China with highest population base holds a notable Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.

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Major market players in Temperature Sensor Industry are ABB Group, Denso Corporation, Honeywell International Inc., Emerson Electric Co., STMicroelectronics N.V., NXP Semiconductors N.V., Infineon Technologies AG, Siemens, Bosch GmbH, Omron Corporation, and other 12 companies detailed information is provided in the research report. Rising research and development expenses to address the changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.

Segmentation done on the basis of Product Type includes Temperature Sensor IC, Thermistor, Resistive Temperature Detector (RTD), Bimetallic Temperature Sensor, Infrared Temperature Sensor, Thermocouple; of which the Thermocouples segment is expected to hold the highest Industry share during the forecast period. This Industry share is expected as automotive manufacturers are focusing mainly on performance & safety. Automotive thermocouples help in measuring important interpretations like exhaust gas readings of the vehicles.

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By Industry Sector
• Oil & Gas
• Metals
• Automotive
• Electronics
• Manufacturing
• Others

By Product Type
• Temperature Sensor IC
• Thermistor
• Resistive Temperature Detector (RTD)
• Bimetallic Temperature Sensor
• Infrared Temperature Sensor
• Thermocouple

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By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa

About Us:
Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.

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