Thermistor Temperature Sensor Market 2021 Analysis by Top Manufacturers – Texas Instruments Incorporated, Panasonic Corporation

The Thermistor Temperature Sensor Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Thermistor Temperature Sensor Market with its specific geographical regions.

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The thermistor temperature sensor market is expected to register a CAGR of 7.5% over the forecast period (2021 - 2026). The growing trend of automation has been identified as one of the important trends in the industry, with the global consumption of sensors growing at a rapid pace across all the verticals. This is expected to influence the demand for thermistors.

- Temperature sensing has become the largest application market for thermistors in recent years, with thermistors becoming the second-most used temperature sensors in various industries. The market for thermistors is dominated by NTC thermistors and functions with high-volume ceramic semiconductor manufacturing, catering substantially to several subsidized end users, like automotive, military, oil and gas, food, and beverages, and healthcare, among others.

Top leading Manufacturers Profiled in Thermistor Temperature Sensor Market Report are: Texas Instruments Incorporated, Panasonic Corporation, Emerson Electric Company, Honeywell International Inc., KOA Corporation, Lattron Company Limited, Mitsubishi Materials Corporation, Ohizumi Manufacturing Company Limited, Shibaura Electronics Co. Ltd, TE Connectivity

Market segment by Type, covers
Contact Thermistor Temperature Sensor
Non-contact Thermistor Temperature Sensor

Market segment by Application can be divided into
Oil & Gas
Chemical
Refining
HVAC
Automotive
Electrical
Electronics

Regional Analysis for Thermistor Temperature Sensor Market:

For a comprehensive understanding of market dynamics, the global Thermistor Temperature Sensor market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Asia-pacific is Expected to Witness Significant Growth

- The demand for thermistors in the Asia-Pacific region is increasing with the changing automotive landscape, as many countries are adopting electric mobility solutions. According to the China Association of Automobile Manufacturers (CAAM), in April 2020, 51,000 battery electric vehicles, 20,000 plug-in hybrid electric vehicles, and 73 Fuel-cell vehicles were sold in China. The battery-electric vehicle sales increased by 11,000 in April, from 40,000 in March 2020.

- Moreover, the growing number of data centers, smart offices, special economic zones (SEZ), warehouses, and malls, among others, is driving the demand for HVAC systems in the region. The growing number of data centers, especially in developing countries, is fueling the demand for the market studied, as thermistor-based sensors are evolving as integral units for HVAC systems.

- China's internet data centers are estimated to grow, to 22 times that of the United States, or at least 10 times the current space of Japan. As the region is dominating the global HVAC market, it provides a vast opportunity for the market studied.

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Latest Update and Developments

- Feb 2020 - Texas Instruments expanded its temperature sensing portfolio with the addition of linear thermistors that will deliver up to 50% higher accuracy than the NTC thermistors. The higher accuracy of the product enables operation closer to the thermal limits of the other components and the overall system, primarily helping the engineers in maximizing performance while reducing bill-of-materials (BOM) and total solution cost.

- Mar 2020 - TE Connectivity Ltd., a prominent industrial technology company with leading positions in connectivity and sensing solutions, announced that it has completed the public takeover of First Sensor AG. The company now holds 71.87% shares of First Sensor.

What is the Impact of Covid-19 Outbreak on the Thermistor Temperature Sensor?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Thermistor Temperature Sensor.
- Thermistor Temperature Sensor Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Thermistor Temperature Sensor market:

- What are the recent developments and government policies?
- What are the top trends in the Thermistor Temperature Sensor market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Thermistor Temperature Sensor market?
- Which region would offer high growth for vendors in the market?

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