Lucintel Blog: Non-contact is expected to remain the largest segment in the global temperature sensor market

Wednesday, May 3, 2023

Non-contact is expected to remain the largest segment in the global temperature sensor market

An exciting new study from the team of Lucintel found that temperature sensor market is expected to reach $9.5 billion by 2028 with a CAGR of 7.1%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

Download Brochure of this report by clicking on https://www.lucintel.com/temperature-sensor-market.aspx.

The temperature sensor market is segmented based on product types, outputs, connectivity, end use industries, and regions. In this market, non-contact is expected to remain the largest product type, and oil and gas segment is expected to remain the largest end use industry. Players can benefit from the available opportunities like the growing adoption of smart home systems and expanding oil and gas sector that are influencing the demand for temperature sensors in the region.

Honeywell, Siemens AG, ABB, Texas Instruments, and Emerson Electric are some of the major players profiled in this 150 page report.

Request Sample Pages by clicking on https://www.lucintel.com/temperature-sensor-market.aspx.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the temperature sensor market by product type (contact and non-contact), output (digital and analog), connectivity (wired and wireless), end use industry (chemical, oil and gas, consumer electronics, healthcare, and automotive), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the temperature sensor market?

Q.4 What are some changing demands of customers in the temperature sensor market?

Q.5 What are the new developments in the temperature sensor market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this temperature sensor area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this temperature sensor market?

This unique report from Lucintel 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 helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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