Temperature Sensors Market is Expected to Exhibit a CAGR of 5.4% during 2022-2027

According to the latest report by IMARC Group, title "Temperature Sensors Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027.' the global temperature sensors market is expected to exhibit a CAGR of 5.4% during 2022-2027.Temperature sensors refer to electronic devices that are generally used to measure temperature. They convert the measured input data into electronic data to detect any physical changes to the temperature generated by a system or an object. Some of the commonly available temperature sensors include thermistors, resistance temperature detectors (RTDs), thermocouples and temperature probes. They are widely installed in medical devices, automobiles, cooking appliances and computers.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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The global market is primarily driven by the widespread adoption of temperature sensors across the oil and gas industry. They are increasingly used in flare systems, wellhead and chemical tanks and pipelines to control the warming of fuel gases and maintain safe working conditions. Moreover, the rising deployment of temperature sensors in several medical devices, including thermodilution cardiac catheters and ventilator flow tubes, is also providing a boost to the market growth across the globe. Some of the other factors contributing to the market growth include rapid technological advancements and the increasing demand for consumer electronics and heating, ventilation and air conditioning (HVAC) appliances.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global temperature sensors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on connectivity, technology and end use industry.

Competitive Landscape:

ABB Ltd.
Amphenol Corporation
Analog Devices Inc.
Continental AG
Emerson Electric Co.
Honeywell International Inc.
Microchip Technology Inc.
NXP Semiconductors N.V.
OMRON Corporation
Panasonic Corporation
Robert Bosch GmbH
Siemens AG
STMicroelectronics
TE Connectivity
Texas Instruments Incorporated.

Key Market Segmentation:

Breakup by Connectivity:

Wired
Wireless

Breakup by Technology:

Infrared
Thermocouple
Resistance Temperature Detectors (RTD)
Thermistor
Temperature Transmitters
Fiber Optic
Others

Breakup by End Use Industry:

Chemical and Petrochemical
Oil and Gas
Metal and Mining
Power Generation
Food and Beverage
Automotive
Medical
Aerospace and Military
Consumer Electronics
Others

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Key highlights of the report:                                                             

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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