Thermistor Temperature Sensor Market Competitive Research And Precise Outlook 2021 To 2026

Oct 20, 2021 (Market Insight Reports) --Global Thermistor Temperature Sensor Market Size, Status, and Forecast 2021-2026. In-depth research accumulated to offer Latest insights about acute features of the global Thermistor Temperature Sensor market. This report provides a detailed overview of key factors in the Thermistor Temperature Sensor Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Thermistor Temperature Sensor in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.

The thermistor temperature sensor market is expected to register a CAGR of 7.5% over the forecast period (2021 - 2026).

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Market Overview:
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.
- According to Murata manufacturing co. Ltd �the thermistor market is dominated by NTC type, which has a share of about 70% and PTC has a share of about 30%.�
- Moreover, with the recent advancements in manufacturing techniques, the shortcomings of conventional NTC and PTC thermistors, like aging, interchangeability, and unreliability, are almost eliminated. Further, the booming demand for portable communication appliances is pushing upwards, the demand of NTC thermistors. Also, with several industrial plants adopting smart motors, PTC thermistors are expected to witness demand spikes, as they act as overcurrent protection for different motors.
- The emerging technologies catering to healthcare industries in major economies and the growing applications, like smart patient monitoring systems, are significant factors driving the growth of the thermistor market over the forecast period. The NTC thermistor probes in the healthcare sector are generally used as resistance thermometers.
- Moreover, with the onset of COVID-19, enterprises can neither export their goods nor import raw materials for production because the majority of materials for the production of electronic components are made in China. Also, electronics companies' partners are cutting about 30-50% of orders in several regions.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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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.
- Furthermore, the growing number of manufacturing plants, where temperature plays an important role, is estimated to fuel the adoption of HVAC systems, subsequently increasing the demand for NTC thermistors in the region.

Influence of the Thermistor Temperature Sensor Market report:
–Comprehensive assessment of all opportunities and risk in the Thermistor Temperature Sensor Market.
–Thermistor Temperature Sensor Market recent innovations and major events.
–Detailed study of business strategies for growth of the Thermistor Temperature Sensor Market market-leading players.
–Conclusive study about the growth plot of Thermistor Temperature Sensor Market for forthcoming years.
–In-depth understanding of Thermistor Temperature Sensor Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Thermistor Temperature Sensor Market.

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