The temperature sensor market is anticipated to witness noteworthy growth on account of surging application across diverse electronic appliances. Th product is extensively used in microwaves, air conditioners, battery chargers, and refrigerators. Since the introduction of AI and IoT in electronic appliances, manufacturers have started to integrate these sensors into their devices to improve their product’s efficiency and usefulness by gathering real-time temperature data.
Temperature sensors are observing immense traction across the oil & gas sector as they play a crucial part in processes like extraction, production, refining, and distribution of oil, gases, and petrochemicals. This has compelled temperature sensor manufacturers to launch new product lineups. Citing an instance, earlier in October 2018, Crowcon released a high-temperature sensor that detects the levels of H2S across oil & gas applications in the Middle East.
Considering these growth prospects came to an estimation that the temperature sensor market could cross USD 9 billion by 2026.
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The ongoing coronavirus pandemic has significantly impacted economies across the world. Nations worldwide have been adopting several measures such as lockdowns and safety checks to reduce the coronavirus spread. During the pandemic, the demand for temperature sensors has accelerated on account of their applications in medical devices which are increasingly being used for monitoring the body temperature of people. Besides, wearables manufactures are also deploying these sensors in their devices to offer users body temperature readings.
For instance, in May 2020, GOQii introduced a smart band named ‘Vital 3.0’ which is equipped with body temperature sensors. The device offers pivotal information such as heart rate, body temperature, and blood pressure. Such initiatives by electronics manufacturers are likely to accelerate the demand for temperature sensors over the forecast period.
Increasing adoption of temperature sensors in the healthcare industry may aid the overall temperature sensor market growth. Studies suggest that the healthcare application segment is anticipated to record a 6% CAGR over the forecast period. This growth can be attributed to the increasing demand for IR temperature sensors in healthcare monitoring systems.
List of the Key Companies that are Operating in the Temperature Sensor Market. They are as follows:
ABLIC Inc, Amphenol Advanced Sensors, ams AG, Analog Devices, Inc, Dwyer Instruments, Inc, Emerson Electric Co, Hans Turck GmbH & Co. KG, Honeywell International Inc, ifm electronic gmbh, Kongsberg Maritime, Littelfuse, Inc, Maxim Integrated, Microchip Technology Inc, Murata Manufacturing Co., Ltd, NXP Semiconductors, OMEGA Engineering, On Semiconductor, Pyromation, ROHM CO., LTD, Sensata Technologies, Inc, Sensirion AG Switzerland, Siemens, STMicroelectronics, TE Connectivity, Texas Instruments Incorporated, TOREX SEMICONDUCTOR LTD, Vishay
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Middle East & Africa market is anticipated to record prominent growth over the forecast period owing to expanding oil & gas sector in the region. Temperature sensor offers suitable convenience to the O&G industry by reducing operational challenges at a deeper level. These sensors facilitate the well-organized recovery of unusual resources by monitoring environmental temperature distribution underground. The region has a strong presence of oil-producing nations such as Saudi Arabia, Iraq, and the United Arab Emirates, which in turn boosts the temperature sensor market in the region. On this note, the Middle East & Africa temperature sensor sector is set to record a 4% of the total market share over the forecast period.
Table Of Content:
Chapter 4. Temperature Sensor Market, By Product (Revenue, Shipments)
4.1. Key trends, by product
4.2.1. Market estimates and forecast, 2016 - 2026
4.2.2. Temperature sensor ICs
184.108.40.206. Market estimates and forecast, 2016 - 2026
4.2.3. Resistive temperature detector
220.127.116.11. Market estimates and forecast, 2016 – 2026
18.104.22.168. Market estimates and forecast, 2016 - 2026
22.214.171.124. Market estimates and forecast, 2016 - 2026
4.2.6. Bimetallic temperature sensor
126.96.36.199. Market estimates and forecast, 2016 - 2026
4.3.1. Market estimates and forecast, 2016 – 2026
188.8.131.52. Market estimates and forecast, 2016 – 2026
184.108.40.206. Market estimates and forecast, 2016 – 2026
Chapter 5. Temperature Sensor Market, By Output (Revenue, Shipments)
5.1. Key trends, by output
5.2.1. Market estimates and forecast, 2016 - 2026
5.3.1. Market estimates and forecast, 2016 - 2026
5.3.2. Single channel
220.127.116.11. Market estimates and forecast, 2016 - 2026
18.104.22.168. Market estimates and forecast, 2016 - 2026
Chapter 6. Temperature Sensor Market, By Application (Revenue, Shipments)
6.1. Key trends, by application
6.2.1. Market estimates and forecast, 2016 - 2026
6.3. Oil & gas
6.3.1. Market estimates and forecast, 2016 - 2026
6.4. Consumer electronics
6.4.1. Market estimates and forecast, 2016 - 2026
6.5.1. Market estimates and forecast, 2016 - 2026
6.6.1. Market estimates and forecast, 2016 - 2026
6.7.1. Market estimates and forecast, 2016 - 2026
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