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According to this new research The temperature sensors market is expected to grow from USD 5.13 Billion in 2016 to USD 6.79 Billion by 2022

11-16-2016 09:33 AM CET | Health & Medicine

Press release from: MarketsandMarkets.com

According to this new research The temperature sensors market

This new research report creat on the basis of "Temperature Sensors Market by Type (Bimetallic, Thermistor, IC, RTD, Thermocouple, IR, Fiber Optics, Others (MEMS, USB, Wi-Fi, ZigBee, Bluetooth, RFID)), End User (Process Industries & Discrete Industries), & Geography - Global Forecast to 2022

In research we found, The temperature sensors market is expected to grow from USD 5.13 Billion in 2016 to USD 6.79 Billion by 2022, at a CAGR of 4.8% between 2016 and 2022.

Download PDF Brochure here: http://bit.ly/2fudxz6

Browse 79 market data Tables and 107 Figures spread through 202 Pages and in-depth TOC on "Temperature Sensors Market - Global Forecast to 2022"

The base year used for this study is 2015 and the forecast period is between 2016 and 2022. Currently, there is a growing demand for temperature sensors in the semiconductors segment, automotive segment, and in some process industries such as metal, F&B, and plastics among others. This is attributed to the increasing demand for sensing technologies among industry end users, and growing vehicle production in economies such as Japan and India.

This report aims to estimate the market size and future growth potential of the temperature sensors market across different segments such as product type, end users, and geography. Factors such as high demand for temperature sensors among industrial end users, growing concern toward security and surveillance, robust demand for consumer electronics products, developing automotive industry in emerging markets, and government initiatives for environment & safety norms are expected to boost the growth of the market during the forecast period. The introduction of MEMS technology in temperature sensing is one the major growth opportunities for the market.

If you need help regarding this research, fill your details | Speak to Analyst here: http://bit.ly/2eWDZ0m

Major key players in this market:

Most of the companies in the temperature sensor market play a major role as service providers and system integrators and they form an integral part of the temperature sensors market ecosystem. In 2015, the overall temperature sensors market was dominated by Texas Instruments Incorporated (U.S.), Analog Devices, Inc. (U.S.), ABB Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Maxim Integrated Products, Inc. (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Kongsberg Gruppen (Norway), TE Connectivity Ltd. (U.S.), Emerson Electric Company (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (U.S.), and NXP Semiconductors N.V. (Netherlands). The increasing number of new product developments and mergers & acquisitions among the industry players drive the overall temperature sensors market. The increasing demand for temperature sensors in industrial end users and surge in automobile industry on global basis are further driving the overall temperature sensors market.

For more details, read here: http://bit.ly/2fuhO5Z

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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