Press release
Temperature Sensor Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast
The global Temperature Sensor Market size is expected to reach USD 7.88 Billion by 2026, exhibiting a CAGR of 6.1% during the forecast period. The rising adoption of temperature sensors in process industries such as oil and gas, and chemical for the prevention of moisture, overheating, and corrosion will significantly aid the temperature sensor market share. Moreover, the rising investment in the oil and gas industry will attract sales opportunities for the market in the forthcoming years. For instance, as per the India Brand Equity Foundation, the investment in oil and gas exploration and production activities in India is expected to reach $25 million by 2022. In addition, the growing government policies and initiatives towards the fulfillment of energy demands and initiations of new projects will contribute positively to the temperature sensor market revenue during the forecast period.To gain more insights into the market with detailed table of content and figures, click here:
https://www.fortunebusinessinsights.com/temperature-sensor-market-102434
List of the key Companies Operating in the Temperature Sensor Market are
• ABB
• Emerson Electric Co.
• HONEYWELL INTERNATIONAL INC.
• DENSO CORPORATION
• STMicroelectronics
• Infineon Technologies AG
• Robert Bosch GmbH
• NXP Semiconductors
• OMRON Corporation
• TE Connectivity
• Analog Devices, Inc.
• Texas Instruments Incorporated
• Maxim Integrated
• Amphenol Advanced Sensors
• Renesas Electronics Corporation
• Kongsberg Maritime
• Microchip Technology Inc.
• Semiconductor Components Industries
• LLC, Siemens
• TDX Corporation
• Endress+Hauser Management AG
• Okazaki Manufacturing Company
• Yamari Industries Limited
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Regional Analysis
Rising Technological Advancements to Bolster Growth in North America
North America generated a revenue of USD 1.79 billion and 2018 and is predicted to grow rapidly during the forecast period owing to the growing emphasis on HVAC systems, compact systems with standalone sensors and wearable devices. Furthermore, the increasing awareness about the advantages of temperature sensors in various industries, including automotive, oil & gas, and healthcare, will boost the temperature sensor market trends during the forecast period. Europe is likely to witness high growth during the forecast period owing to the presence of various automobile companies in the region. Asia Pacific is predicted to grow astoundingly during the forecast period due to the surge in the automotive sector and the growing sales of automotive vehicles.
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Table of Content:
1. Introduction
1.1. Definition, By Segment
1.2. Research Approach
1.3. Sources
2. Executive Summary
3. Market Dynamics
3.1. Drivers, Restraints, and Opportunities
3.2. Emerging Trends
4. Key Insights
4.1. Macro and Micro Economic Indicators
4.2. Consolidated SWOT Analysis of Key Players
5. Global Temperature Sensor Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Type (Value)
5.2.1.1. Thermocouple
5.2.1.2. Thermistor
5.2.1.3. Resistance Temperature Detector (RTD)
5.2.1.4. Semiconductor Temperature Sensor
5.2.1.5. Infrared Temperature Sensor
5.2.1.6. Others
5.2.2. By End-User (Value)
5.2.2.1. Healthcare
5.2.2.2. Consumer Electronics
5.2.2.3. Automotive
5.2.2.4. Aerospace and Defence
5.2.2.5. Food and Beverages
5.2.2.6. Energy and Power
5.2.2.7. Oil and Gas
5.2.2.8. Chemicals
5.2.2.9. Others
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. The Middle East and Africa
5.2.3.5. Latin America
Continued..!!!
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Name: Ashwin Arora
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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