According to the recent study the temperature transmitter market is projected to reach an estimated $4.4 billion by 2028 from $3.6 billion in 2023, at a CAGR of 4.1 from 2023 to 2028. Growth in this market is primarily driven by increasing importance on industrial automation, growing demand for wireless and non-instrusive temperature measurement abilities along with rising awareness towards energy conservation across the globe.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
temperature transmitter market by type (resistance temperature detectors,
thermistor, and thermocouple), mounting type (field mounting, rail mounting,
and head mounting), product type (2-wire temperature transmitters, 4-wire
temperature transmitters, and wireless temperature transmitters), end use industry
(food & beverages, chemicals, metals & mining, pharmaceuticals,
manufacturing, and others), and region.
“Resistance temperature detector market is expected to remain the
largest segment during the forecast period.”
Based on type, the
temperature transmitter market is segmented into resistance temperature
detectors, thermistor, and thermocouple. Lucintel forecasts that the resistance
temperature detector market is expected to remain the largest segment because
it helps in measuring temperature by correlating the resistance of the RTD
(resistance temperature detector) element with temperature and also provides
temperature measurement over a wide range of temperatures.
“Within the temperature transmitter market, the manufacturing
segment is expected to remain the largest end use industry.”
Based on end use
industry the manufacturing segment is expected to witness the highest growth
over the forecast period due to increasing demand of temperature-monitoring
devices that is used for various types in the manufacturing industry which
includes heat treatment, annealing, baking, sintering, and quenching.
“Asia pacific will dominate the temperature transmitter market in
near future.”
APAC will remain the
largest segment over the forecast period due to rising demand from various
end-use industries such as food and beverages, chemical, manufacturing, and
pharmaceuticals and increasing investments by governments in enhancing the
energy infrastructure.
Major players of
temperature transmitter 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.
Spectris, General Electric, Honeywell International, Emerson Electric, ABB,
Yokogawa Electric, Siemens, Endress + hauser, Schneider Electric, Acromag,
Krone Marshall, and Dwyer Instruments are among the major temperature
transmitter 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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