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Pulished Date April, 2021
ID: 9424
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Temperature Sensors Market - By Product Type (Contact Type; Thermocouples, Resistive Temperature Detectors, Thermistors, Temperature Sensor ICs, & Bimetallic Temperature Sensors; Non–Contact Type; Infrared Temperature Sensor & Fiber Optic Temperature Sensor), By Output (Analog and Digital; Single-channel Digital Temperature Sensor & Multichannel Digital Temperature Sensor), and By End-user Industry (Chemicals, Oil & Gas, Consumer Electronics, Energy & Power, Healthcare, Automotive, Metals & Mining, Food & Beverages, Pulp & Paper, Aerospace & Defense, and Others) & By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Global Analysis on Size, Share, Trends, Growth & Forecast Report | 2021 - 2026

Pulished: April, 2021
ID: 9424
Pages: 122

Temperature Sensors Market Size, Growth & Forecast (2021 - 2026)

The global Temperature Sensors Market is anticipated to grow in a considerable way during the forecast period. It is foreseen that the target market is projected to increase from USD 6.3 billion in 2021 to USD 8.8 billion by 2026, expanding at a CAGR of 4.8% during the outlook period.

Temperature sensors are the devices that collect the data about temperature from a particular source and convert them into data and to understandable form for a device or an observer. A temperature sensor is usually an RTD (resistance temperature detector) or a thermocouple.

Temperature sensors provide features like accuracy, durability, and low power consumption which are significant advantages for their applications and the government circulating regulations regarding the usage of temperature sensors in various forms to ensure issues like overheating are supposed to fuel the global temperature sensors business.

Recent Developments

  • TE Connectivity Ltd., a technology company with leading positions in connectivity and sensing solutions around the world, has completed its public takeover or the acquisition of First Sensor AG, holding the share of over 71.87% shares of First Sensor.

  • Emerson, a leading sensors solution developer and manufacturer, has announced that it has completed the purchase of American Governor Company which a leader in technologies and services for hydroelectric turbine controls. This acquisition of the American Governor Company builds on Emerson's technology capabilities and expertise in the renewables and power industry.

Drivers and Restraints of Temperature Sensors Market

The primary driver that was accelerating the target market is the substantial usage of these sensors in the oil, gas, and marine applications. Also, these temperature sensors are used for numerous applications such as the purposes like extradition, refining, production, and distribution of oil, gas, and other petrochemicals. Moreover, heat tracing sensors are used to measure the temperature of the pipes, which are enclosed in the system, which is an essential task while manufacturing processes are happening. The developments in the technological aspects of these devices with the trend of miniaturization in the electronics sector are fueling market growth. 

Another industry that was driving the global temperature sensor market is the healthcare industry. The growth of the target market in this industry is due to the need for safety and security because of the growing urbanization, increasing population, and health issues. The growth of more innovative equipment along with sensor technology is rising due to accommodate the increasing medical conditions. These temperature sensors find their applications in various devices which include ventilators, medical incubators, and blood analyzers, among others. These sensors are mostly amalgamated in the sensor technology for detecting and controlling the temperature to give reliable, accurate diagnostic results in real-time. Therefore, attributing to their full applications in the medical sector, the growth of the temperature sensor market is getting be proliferated.

And, the manufacturing industries & automotive applications, new technological advancements in the petrochemical industry, massive demand of medical sensors owing to the rising number of diseases, and tremendous growth of tablets & mobile phones are factors that are further bolstering the target market during the forecast period.

A significant factor that was challenging the temperature sensor market growth is the vital initial investments that are involved with some types of sensors like resistance temperature detectors. 

Also, the low sensitivity to external environments and limited temperature range can lead to device failure consequently. The increasing additional cost as thermistors do not work efficiently in high temperatures, and are fragile as they are semiconductor devices are the other factors that are hindering the global temperature sensors business.

Market Segmentation of Temperature Sensors Market with accurate insights until 2025.

Temperature Sensors Market – By Type

  • Contact Type
    • Thermocouples
    • Resistive Temperature Detectors
    • Thermistors
    • Temperature Sensor ICs
    • Bimetallic Temperature Sensors
  • Non–Contact Type
    • Infrared Temperature Sensor
    • Fiber Optic Temperature Sensor

Temperature Sensors Market – By Output

  • Analog
  • Digital
    • Single-channel Digital Temperature Sensor
    • Multichannel Digital Temperature Sensor

Temperature Sensors Market – By End-user

  • Chemicals
  • Oil & Gas
  • Consumer Electronics
  • Energy & Power
  • Healthcare
  • Automotive
  • Metals & Mining
  • Food & Beverages
  • Pulp & Paper
  • Aerospace & Defense

Temperature Sensors Market – By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

In the regional analysis of the global temperature sensors market, Asia Pacific has accounted for the significant share in the target market's revenue during the projection period. The growth of the target market in this region is attributed to the major contributions from countries like China, India, South Korea, and Japan. Due to the rapid industrialization across the Asia-Pacific region, a conducive environment for the growth of the temperature sensor market was created. And the growing expansion of automobile and industrial manufacturing, in particular, is generating massive demand for these sensors in this region. Moreover, the presence of the robust demand for consumer equipment like portable healthcare electronics and white goods is fostering the growth of the temperature sensors market in the Asia-Pacific region.

Key Players of Temperature Sensors Market

The major players of the Global Temperature Sensors Market include Honeywell (US), TE Connectivity (Switzerland), Texas Instruments (US), Endress+Hauser (Switzerland), Siemens (Germany), Dwyer Instruments (US), Maxim Integrated (US), WIKA Instrument (Germany), Amphenol (US), and Emerson (US).

1. Introduction                        

            1.1 Market Definition             

            1.2 Scope of the report                       

            1.3 Study Assumptions                       

            1.4 Base Currency, Base Year and Forecast Periods             

2. Research Methodology                              

            2.1 Analysis Design               

            2.2 Research Phases               

                        2.2.1 Secondary Research      

                        2.2.2 Primary Research          

                        2.2.3 Data Modelling 

                        2.2.4 Expert Validation           

            2.3 Study Timeline                 

3. Report Overview                           

            3.1 Executive Summary                     

            3.2 Key Inferencees               

4. Market Dynamics                           

            4.1 Impact Analysis               

                        4.1.1 Drivers  

                        4.1.2 Restaints

                        4.1.3 Opportunities     

            4.2 Regulatory Environment             

            4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking                       

                        5.1.1 Market share analysis    

                        5.1.2 Products/Service            

                        5.1.3 Regional Presence         

            5.2 Mergers & Acquistion Landscape           

            5.3 Joint Ventures & Collaborations              

6. Market Segmentation                                 

            6.1 Temperature Sensors Market, By Product Type              

                        6.1.1 Contact Type     

                                    6.1.1.1 Thermocouples

                                    6.1.1.2 Resistive Temperature Detectors

                                    6.1.1.3 Thermistors

                                    6.1.1.4 Temperature Sensor Ics

                                    6.1.1.5 Bimetallic Temperature Sensors

                        6.1.2 Non–Contact Type        

                                    6.1.2.1 Infrared Temperature Sensor

                                    6.1.2.2 Fiber Optic Temperature Sensor

                        6.1.3 Market Size Estimations & Forecasts (2019-2024)      

                        6.1.4 Y-o-Y Growth Rate Analysis    

                        6.1.5 Market Attractiveness Index     

            6.2 Temperature Sensors Market, By Output            

                        6.2.1 Analog   

                        6.2.2 Digital   

                                    6.2.2.1 Single-channel Digital Temperature Sensor

                                    6.2.2.2 Multichannel Digital Temperature Sensor

                        6.2.3 Market Size Estimations & Forecasts (2019-2024)      

                        6.2.4 Y-o-Y Growth Rate Analysis    

                        6.2.5 Market Attractiveness Index     

            6.3 Temperature Sensors Market, By End-User Industry                  

                        6.3.1 Chemicals          

                        6.3.2 Oil & Gas          

                        6.3.3 Consumer Electronics   

                        6.3.4 Energy & Power

                        6.3.5 Healthcare         

                        6.3.6 Automotive        

                        6.3.7 Metals & Mining           

                        6.3.8 Food & Beverages        

                        6.3.9 Pulp & Paper     

                        6.3.10 Aerospace & Defense 

                        6.3.11 Market Size Estimations & Forecasts (2019-2024)    

                        6.3.12 Y-o-Y Growth Rate Analysis  

                        6.3.13 Market Attractiveness Index   

7. Geographical Landscape                            

            7.1 Global Identity Governance and Administration Market, by Region                  

            7.2 North America - Market Analysis (2018 - 2024)             

                        7.2.1 By Country       

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Product Type           

                        7.2.3 By Output         

                        7.2.4 By End-User Industry   

            7.3 Europe                  

                        7.3.1 By Country       

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Product Type           

                        7.3.3 By Output         

                        7.3.4 By End-User Industry   

            7.4 Asia Pacific                      

                        7.4.1 By Country       

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Product Type           

                        7.4.3 By Output         

                        7.4.4 By End-User Industry   

            7.5 Latin America                  

                        7.5.1 By Country       

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Product Type           

                        7.5.3 By Output         

                        7.5.4 By End-User Industry   

            7.6 Middle East and Africa                

                        7.6.1 By Country       

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Product Type           

                        7.6.3 By Output         

                        7.6.4 By End-User Industry   

8. Key Player Analysis                                   

            8.1 Honeywell            

                        8.1.1 Business Description     

                        8.1.2 Products/Service            

                        8.1.3 Financials          

                        8.1.4 SWOT Analysis

                        8.1.5 Recent Developments   

                        8.1.6 Analyst Overview         

            8.2 TE Connectivity               

            8.3 Texas Instruments             

            8.4 Endress+Hauser               

            8.5 Siemens                

            8.6 Dwyer Instruments                       

            8.7 Maxim Integrated             

            8.8 WIKA Instrument             

            8.9 Amphenol             

            8.10 Emerson             

9. Market Outlook & Investment Opportunities                                

Appendix                               

            List of Tables             

            List of Figures            

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of raw materials, by application, by type, by region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Temperature Sensors Market By Region, From 2021-2026 ( USD Billion )

  2. Global Temperature Sensors Market By Product Type, From 2021-2026 ( USD Billion )

  3. Global Contact Type Market By Region, From 2021-2026 ( USD Billion )

  4. Global Thermocouples Market By Region, From 2021-2026 ( USD Billion )

  5. Global Resistive Temperature Detectors Market By Region, From 2021-2026 ( USD Billion )

  6. Global Thermistors Market By Region, From 2021-2026 ( USD Billion )

  7. Global Temperature Sensor Ics Market By Region, From 2021-2026 ( USD Billion )

  8. Global Bimetallic Temperature Sensors Market By Region, From 2021-2026 ( USD Billion )

  9. Global Non–Contact Type Market By Region, From 2021-2026 ( USD Billion )

  10. Global Infrared Temperature Sensor Market By Region, From 2021-2026 ( USD Billion )

  11. Global Fiber Optic Temperature Sensor Market By Region, From 2021-2026 ( USD Billion )

  12. Global Temperature Sensors Market By Output, From 2021-2026 ( USD Billion )

  13. Global Analog Market By Region, From 2021-2026 ( USD Billion )

  14. Global Digital Market By Region, From 2021-2026 ( USD Billion )

  15. Global Single-channel Digital Temperature Sensor Market By Region, From 2021-2026 ( USD Billion )

  16. Global Multichannel Digital Temperature Sensor Market By Region, From 2021-2026 ( USD Billion )

  17. Global Temperature Sensors Market By End-User Industry, From 2021-2026 ( USD Billion )

  18. Global Chemicals Market By Region, From 2021-2026 ( USD Billion )

  19. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )

  20. Global Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )

  21. Global Energy & Power Market By Region, From 2021-2026 ( USD Billion )

  22. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )

  23. Global Automotive Market By Region, From 2021-2026 ( USD Billion )

  24. Global Metals & Mining Market By Region, From 2021-2026 ( USD Billion )

  25. Global Food & Beverages Market By Region, From 2021-2026 ( USD Billion )

  26. Global Pulp & Paper Market By Region, From 2021-2026 ( USD Billion )

  27. Global Aerospace & Defense Market By Region, From 2021-2026 ( USD Billion )

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