Press release
Thermistor Temperature Sensor Market 2021 Strategic Assessments - Texas Instruments Incorporated, Panasonic Corporation, Emerson Electric Company
The Thermistor Temperature Sensor Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Thermistor Temperature Sensor market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Thermistor Temperature Sensor market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Thermistor Temperature Sensor market.The thermistor temperature sensor market is expected to register a CAGR of 7.5% over the forecast period (2021 - 2026).
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Top Leading Companies of Thermistor Temperature Sensor Market 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 and others.
Industry News and Updates:
- 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 the 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.
Key Market Trends:
Automotive Segment is Expected to Hold Significant Market Share
- Thermistor temperature sensors have been used in the automotive industry since the last few decades for sending signals to gauges and now to electric controls. As the system complexity increased, the number of types of temperature sensors increased, and the performance requirements also increased. The primary reasons behind the adoption growth of thermistor temperature sensors in the industry are mandates, technical advancements, and customer requirements.
- With the technological changes in the automotive industry, the global demand for connected and autonomous vehicles sees a surge in the demand, and with it, vendors are increasingly developing solutions specific to the industry. For instance, in February 2020, Texas Instruments expanded its temperature sensing portfolio to include linear thermistors that offer up to 50% higher accuracy compared to NTC thermistors. Also, it is one of the smallest linear thermistors commercially available in 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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Thermistor Temperature Sensor Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Thermistor Temperature Sensor Market (%),2016 - 2026
- Thermistor Temperature Sensor Market Share, By Brand
- Thermistor Temperature Sensor Market Share, By Company
- Thermistor Temperature Sensor Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Thermistor Temperature Sensor Market Value Analysis & Forecast
- Promising Thermistor Temperature Sensor Development by Major Companies
- Detailed Thermistor Temperature Sensor Portfolio of the Major Companies
- Major Deals in the Thermistor Temperature Sensor Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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