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Physical Temperature Sensors - Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Physical Temperature Sensors - Market SizeThe global Physical Temperature Sensors market size is expected to reach US$ 2946.8 million by 2029, growing at a CAGR of 7.7% from 2023 to 2029.
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Physical Temperature Sensors - Market
The market is mainly driven by the significant applications of Physical Temperature Sensors in various end use industries. The expanding demands from the Consumer Electronics, Power Generation, Automotive and Petrochemical, are propelling Physical Temperature Sensors market. Contact Type Physical Temperature Sensors, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Non-contact Type Physical Temperature Sensors segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Physical Temperature Sensors market, driven by demand from China, the second largest economy with some signs of stabilising, the Physical Temperature Sensors market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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Segment by Type:
• Contact Type Physical Temperature Sensors
• Non-contact Type Physical Temperature Sensors
by Application
• Consumer Electronics
• Power Generation
• Automotive
• Petrochemical
• Aerospace and Defense
• Healthcare
• Industrial
• Others
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