Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Temperature Sensor Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Temperature
Sensor Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and world Temperature Sensor Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of international Temperature
Sensor Market is offered. In
accordance with the report, the Temperature Sensor Market is projected to expand at a CAGR of 5.7% over the period of forecast.
Market
Insight, Drivers, Restraints & Opportunity of the Market:
Global temperature sensor market is largely driven by its
supreme benefits like accuracy, durability & low power consumption.
Furthermore the growth is been supported by stringent government rules
mandating the use of the temperature sensors in various applications to reduce
the overheating issues. Moreover, the temperature sensors are swiftly gaining
lot of popularity in the manufacturing sectors and the automotive applications,
which offers huge stimulus to market growth. Temperature
sensors are being used in the personal computers particularly for the purpose
of controlling & monitoring the temperature of the CPU. Normally, 3 to 5
temperature sensor ICs are being used in the desktops & the laptops. As the
computers and the laptops are susceptible to the overheating, measuring &
controlling the temperature is of the utmost importance. Henceforth, personal
computers have contributed ominously towards the growth of temperature sensor
market However, the technical awareness about the sensor and the heating issues
in the very extreme condition are the major restraints which hinder the market
growth of the temperature sensors. Furthermore, technological advancements are
anticipated to provide vast opportunities for the temperature sensors market in
the forecast period.
Geographically, Temperature
Sensor Market is segmented
into North America, Europe, Asia Pacific, Middle East, Africa and South America.
The Asia Pacific market is anticipated to be the major contributor in the
global temperature sensor market by 2027. Temperature sensor market in the Asia Pacific is
estimated to grow at highest CAGR during forecast period. Asia Pacific has got
the strong market demand for the consumer equipment, which includes white goods
and portable healthcare electronics devices. Added to that, increasing
industrial computerization, particularly in the automotive & food and
beverages sectors, is estimated to generate much more demand for the temperature
sensors in the Asia Pacific.
Segment
Covered:
This market intelligence report on the temperature sensor
market has been segmented by the product type, end use industry, & region.
In terms of the product type, temperature sensor market has been segregated into
contact & noncontact type of 0temperature sensor. Market for the contact type
temperature sensor is estimated to grow at the higher Compound Annual Growth
Rate in between 2019 & 2027 because of the numerous advantages of these
types of sensors, like easy handling, augmented throughput rate, faster
response time, very high flexibility, & the prolonged service life.
In terms of the end use industry, temperature sensor
market has been segmented into oil & gas, chemicals, energy & power,
consumer electronics, healthcare, automotive, food and beverages, metals and
mining, advanced fuel, aerospace and defense, pulp and paper and glass.
Chemicals industry is anticipated to dominate the temperature sensor market
during forecast period. Continuously growing demand for the advanced &
portable healthcare apparatus is catalysing temperature sensor market. With
onset of technologies like advanced remote patient monitoring system & the
portable health monitoring devices, market demand for the temperature sensors
is constantly on the up rise. Temperature control plays a crucial role in the food
safety management. In the food safety management, controlling temperature or
monitoring is heavily required in numerous stages, like cooking, reheating,
refrigeration, freezing, and defrosting among others.
Profiling
of Market Players:
This business intelligence report offers profiling of
reputed companies that are operating in the market. Companies such as Texas Instruments, ABB Limited, Honeywell International, Analog Devices, Maxim Integrated, NXP Semiconductors, On Semiconductor, Microchip Technology, TE Connectivity Ltd., Denso Corporation among others. Contracts for design, installation,
supply & agreements was the commonly implemented strategy by the major
players in the temperature
sensor market in between 2015 to 2018. Moreover, parameters such as temperature sensor market related
investment & spending and developments by major players of the market are
tracked in this global report.
Report
Highlights:
In-depth analysis of the micro and macro indicators,
market trends, and forecasts of demand is offered by this business intelligence
report. Furthermore, the report offers a vivid picture of the factors that are steering
and restraining the growth of this market across all geographical segments. In
addition to that, IGR-Growth Matrix analysis is also provided in the report so
as to share insight of the investment areas that new or existing market players
can take into consideration. Various analytical tools such as DRO analysis,
Porter's five forces analysis has been used in this report to present a clear
picture of the market. The study focuses on the present market trends and
provides market forecast from the year 2017-2027. Emerging trends that would
shape the market demand in the years to come have been highlighted in this
report. A competitive analysis in each of the geographical segments gives an
insight into market share of the global players.
Salient
Features:
Ø This study offers comprehensive yet detailed analysis of
the Temperature Sensor Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017
as the base year
Ø It explains upcoming revenue opportunities across various
market segments and attractive matrix of investment proposition for the said
market
Ø This market intelligence report also offers pivotal insights
about various market opportunities, restraints, drivers, launch of new
products, competitive market strategies of leading market players, emerging market
trends, and regional outlook
Ø Profiling of key market players in the world Temperature
Sensor Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø Leading market players covered this report comprise names
such as Texas Instruments, ABB Limited, Honeywell
International, Analog Devices, Maxim Integrated, NXP Semiconductors, On Semiconductor, Microchip Technology, TE Connectivity Ltd., Denso Corporation among others
Ø The data of this report would allow management
authorities and marketers of companies alike to take informed decision when it
comes to launch of products, government initiatives, marketing tactics and
expansion, and technical up gradation
Ø The world market for Temperature
Sensor Market caters to the
needs of various stakeholders pertaining to this industry, namely suppliers,
product manufacturers, investors, and distributors for Temperature
Sensor Market. The research
also caters to the rising needs of consulting and research firms, financial analysts,
and new market entrants
Ø Research methodologies that have been adopted for the
purpose of this study have been clearly elaborated so as to facilitate better
understanding of the reports
Ø Reports have been made based on the guidelines as
mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken
into consideration before coming to a conclusion
Reasons
to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Temperature Sensor Market
v Identification of key factors driving investment
opportunities in the Temperature Sensor Market Facilitate decision-making based on strong historic and
forecast data
v Position yourself to gain the maximum advantage of the
industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy
and prospects
v Identify key strengths and weaknesses of important market
participants