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Global Temperature Sensor Market Top Companies, Countries, Application, Type, Size, Trend, Share and Growth Forecast Analysis to 2024

Global Temperature Sensor Market - Industry Trends and Forecast to 2024

Global Temperature Sensor Market - Industry Trends and Forecast to 2024

The Global Temperature Sensor Market accounted to USD 5.0 billion in 2016 growing at a CAGR of 4.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition: Temperature Sensor Market
Temperature sensor is an electronic device, which provides the temperature measurement through an electrical signal.

Major Market Drivers and Restraints:
• Increasing use advanced and portable healthcare equipment
• Fast growingautomotive sector
• Increasing use of home and building automation
• Increasing use in food and safety management

The market is segmented on the basis of product type, application, and geography.

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On the basis of product type, the temperature sensor market is segmented into resistive temperature detector (RTD), infrared temperature sensor, thermistor, fiber optic, thermocouple, IC temperature sensor, bimetallic, MEMS bases, and others.

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On the basis of application, the temperature sensor market is segmented into consumer electronics, automotive, aerospace and defence, healthcare, chemical, oil & gas, energy and power, food & beverage, retail sector, manufacturing.

Based on Geography the market is segmented into five geographical regions:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Temperature sensor market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of temperature sensor market for global, Europe, North America, Asia Pacific and South America.

Some of the major players operating in temperature sensor market are Texas Instruments Incorporated, Panasonic Corporation, Siemens AG, Honeywell International Inc., ABB Ltd., Analog Devices, Inc., General Electric, Kongsberg Gruppen, Emerson Electric Company, STMicroelectronics, Microchip Technology Inc., NXP Semiconductors N.V., Maxim Integrated, and Mouser Electronics, Inc., among others.

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