According to the recent study the temperature sensor market is projected to grow at a CAGR of 4% to 6% from 2020 to 2025. Growth in this market is primarily driven by growing demand for temperature sensors in the automotive industry and increasing use of temperature sensors in advanced and portable healthcare equipment.
Browse XX figures /
charts and XX tables in this 150 -page report to understand trends,
opportunities and forecast in temperature sensor market by product type
(thermistor, resistance temperature detector (RTD), thermocouple, temperature
sensor IC, infrared temperature sensors, and others), output (analog and
digital), end use industry (automotive, electronics, chemical, aerospace, oil
& gas, and healthcare, and others), and region (North America, Europe, Asia
Pacific (APAC), and Rest of the World (ROW)).
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and view detailed Table of Content by clicking on below link https://www.lucintel.com/temperature-sensor-market.aspx
“Chemicals market is expected to remain
the largest segment during the forecast period.”
Based on end use
industry, the temperature sensor market is segmented into automotive,
electronics, chemical, aerospace, oil & gas, and healthcare, and others.
Lucintel forecasts that the chemicals market is expected to remain the largest
segment due to temperature sensors play an important role in the chemicals
end-user industry. Processes such as refining, heat tracing, cracking, and
incineration, and systems such as sanitary systems and piping systems use
temperature sensors for temperature monitoring and control.
“Asia pacific will dominate
the temperature sensor market in near future.”
APAC is expected to
witness the highest growth over the forecast period due to growth of the
automotive industry and growth in industrialization across the region.
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Major players of
temperature sensor market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Honeywell,
TE Connectivity, Texas Instruments, Siemens, ABB, Emerson, and Infineon are
among the major temperature sensor providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/temperature-sensor-market.aspx or helpdesk@lucintel.com.
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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