Press release
Global Temperature Sensor Market 2016 to grow at a CAGR of 4.87% by 2020
Temperature Sensor Market
About the Temperature Sensor Market
A temperature sensor is a device used to measure the degree of heat of an object by using electrical signals. The sensors are made of electrical conducting materials. When electric voltage is passed through the conductor, the conducting material generates some amount of resistance, which varies with the change in the temperature of the conductor. The change in temperature corresponds to the resistance. This change is recorded and converted into a temperature reading.
Global temperature sensor market to grow at a CAGR of 4.87% during the period 2016-2020.
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Temperature sensors are mostly of two types: contact and contactless. Contact temperature sensors include thermocouples, thermistors, and resistance temperature detectors, while contactless temperature sensors include infrared sensors.
Covered in this report
The report covers the present scenario and the growth prospects of the global temperature sensor market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of temperature sensors to the following segments:
• Oil and gas
• Automotive
• Food and beverage
• Heating, ventilating, and air conditioning (HVAC)
• Consumer electronics
• Others (aerospace and defense, pulp and paper, and medical)
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The market is divided into the following segments based on geography:
• APAC
• North America
• Europe
Global Temperature Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Honeywell International Inc.
• Microchip Technology Inc.
• NXP Semiconductors N.V.
• Panasonic Corporation
• Sensata Technologies Inc.
• STMicroelectronics N.V.
• Texas Instruments Inc.
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Other prominent vendors
• ABB
• Analog Devices
• Emerson
• Maxim Integrated Products
• Siemens
Market driver
• Government regulations and vehicle emission control in automotive segment
• For a full, detailed list, view our report
Market challenge
• Continual price reductions
• For a full, detailed list, view our report
Market trend
• Growing demand for DTS
• For a full, detailed list, view our report
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