HOME Top Market Reports Temperature Transmitter and Humidity Transmitter Market by Sensing Technology, Mounting Technology (Head, Field, & Din-Rail), Communication Protocol (Hart, wireless Hart, Foundation Field bus, Profibus PA) and Geography - Global Trend & Forecast to 2022

Temperature Transmitter and Humidity Transmitter Market by Sensing Technology, Mounting Technology (Head, Field, & Din-Rail), Communication Protocol (Hart, wireless Hart, Foundation Field bus, Profibus PA) and Geography - Global Trend & Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: SE 4065

 

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The temperature transmitter market was valued at USD 2.69 Billion in 2015, and is expected to grow at a CAGR of 4.19% during the forecast period. The humidity transmitter market is expected to reach USD 1.36 Billion by 2022, at a CAGR of 1.84% during the forecast period. The base year used for this study is 2015 and the forecast period considered is 2016 to 2022. This report provides a detailed analysis of the temperature transmitter market based on sensing technology, industry, mounting technology, communication protocol, and region. It also provides a detailed analysis of the temperature transmitter market based on sensing technology, industry, and region. The rising demand from the power and chemical industry is expected to contribute to the growth of the temperature transmitter market, while the demand from the HVAC & building automation and food & beverage industries is expected to fuel the growth of the humidity transmitter market.

The research methodology used to estimate and forecast the temperature transmitter and humidity transmitter market begins with capturing data on key vendor revenue through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the temperature transmitter and humidity transmitter market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which have been verified through the primary research by conducting extensive interviews of people holding key positions, such as CEOs, VPs, directors, and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

Temperature Transmitter and Humidity Transmitter Market

To know about the assumptions considered for the study, download the pdf brochure

The report covers both the demand and supply sides of the market. The supply-side market segmentation includes several technologies, processes, and machine configuration. On the other hand, the demand-side segmentation includes various industry verticals and regions. The temperature and humidity transmitter market has been segmented into four regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).

“The study answers several questions for the target audiences, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”

Target Audience:

  • Temperature and humidity transmitter suppliers
  • Temperature and humidity transmitter component suppliers
  • Industrial automation service providers
  • System integrators and service providers in the industrial measurement market 
  • Banks, financial institutions, investors, and venture capitalists
  • Technology investors
  • Governments and financial institutions
  • Analysts and strategic business planners
  • End users

Report Scope:

In this report, the temperature transmitter and humidity transmitter market has been segmented into the following:

Temperature Transmitter Market Scope:

By Sensing Type:

  • Resistance Temperature Detector (RTD)
  • Thermocouple
  • Universal
  • Multichannel

By Mounting Type:

  • DIN-Rail
  • Head
  • Field

By Communication Protocol:

  • HART and Wireless HART
  • Foundation Fieldbus
  • Profibus
  • Others

By Industry:

  • Oil & Gas
  • Food & Beverage
  • Water & Wastewater
  • Pulp & Paper
  • Metal & Mining
  • Chemical
  • Power
  • Pharmaceutical
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape: Market rank analysis

Company Profiles: Detailed analysis of the major companies present in the temperature transmitter market

Humidity Transmitter Market Scope:

By Sensing Technology:

  • Capacitive
  • Thermal Conductivity
  • Resistive

By Industry:

  • Food & Beverage
  • HVAC & Building Automation
  • Pharmaceutical
  • Pulp & Paper
  • Textile
  • Chemical
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape: Market rank analysis

Company Profiles: Detailed analysis of the major companies present in the humidity transmitter market

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the temperature transmitter and humidity transmitter market by region into the respective countries

Company Information

  • Detailed analysis and profiling of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities for the Global Temperature Transmitter Market
    4.2 Temperature Transmitter Market: Top 3 Mounting Technology
    4.3 Global Temperature Transmitter and Humidity Transmitter Market, By Geography and Sensing Technology
    4.4 Temperature Transmitter and Humidity Transmitter Market, By Geography, 2015
    4.5 Temperature Transmitter and Humidity Transmitter Market, By Industry (2020)
    4.6 Humidity Transmitter Market, Asia-Pacific vs Europe

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Sensing Technology
           5.3.2 By Communication Protocol
           5.3.3 By Mounting Technology
           5.3.4 By Industry
           5.3.5 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Demand for Industrial Automation and Optimum Utilization of Plant Assets
           5.4.2 Restraints
                    5.4.2.1 Fall in Petroleum Prices—A Bane for Global Process Industries
           5.4.3 Opportunities
                    5.4.3.1 Expected Growth of the Temperature Transmitter Across Various Industries Such as Power and Chemical in Asia-Pacific
           5.4.4 Challenges
                    5.4.4.1 Subdued Growth in Emerging Economies and Commissioning of Greenfield Projects

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Value Chain Analysis for the Temperature and Humidity Transmitter Market
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of Substitutes
           6.3.2 Bargaining Power of Buyers
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Threat of New Entrants
           6.3.5 Degree of Competition
    6.4 Prominent Companies in the Global Temperature and Humidity Transmitter Market

7 Temperature and Humidity Transmitter Market, By Sensing Technology (Page No. - 63)
    7.1 Introduction
    7.2 Temperature Transmitter Market, By Sensing Technology
           7.2.1 Resistance Temperature Detector (RTD)
           7.2.2 Thermocouple
           7.2.3 Universal
           7.2.4 Multi-Channel
    7.3 Humidity Transmitter Market, By Sensing Technology
           7.3.1 Capacitive
           7.3.2 Resistive
           7.3.3 Thermal Conductivity

8 Temperature and Humidity Transmitter Market, By Industry (Page No. - 70)
    8.1 Introduction
    8.2 Temperature Transmitter Market, By Industry
           8.2.1 Oil & Gas
           8.2.2 Food & Beverages
           8.2.3 Water & Wastewater
           8.2.4 Paper & Pulp
           8.2.5 Metal & Mining
           8.2.6 Power
           8.2.7 Chemical
           8.2.8 Pharmaceutical
           8.2.9 Others
    8.3 Humidity Transmitter Market, By Industry
           8.3.1 Food and Beverages
           8.3.2 Heating, Ventilating, and Air Conditioning (Hvac)
           8.3.3 Textile
           8.3.4 Pulp and Paper
           8.3.5 Pharmaceutical
           8.3.6 Chemical
           8.3.7 Others

9 Temperature Transmitter Market, By Mounting Technology (Page No. - 88)
    9.1 Introduction
    9.2 Din-Rail
    9.3 Head
    9.4 Field

10 Temperature Transmitter Market, By Communication Protocol (Page No. - 92)
     10.1 Introduction
     10.2 Hart and Wireless Hart
     10.3 Foundation Fieldbus
     10.4 Profibus PA
     10.5 Others

11 Temperature And Humidity Transmitter Market,  By Geography 97
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Rest Of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 Rest Of Apac
     11.5 Rest Of The World
             11.5.1 South Maerica
             11.5.2 Middle East & Africa

12 Competitive Landscape (Page No. - 127)
     12.1 Overview
     12.2 Temperature Transmitter Market Rank Analysis
     12.3 Humidity Transmitter Market Rank Analysis
     12.4 Competitive Situations and Trends
     12.5 Partnerships, Agreements, and Contracts
     12.6 Expansions
     12.7 New Product Launches
     12.8 Acquisitions

13 Company Profiles (Page No. - 136)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Emerson Electric Company
     13.3 ABB Ltd.
     13.4 Endress+Hauser AG
     13.5 Siemens AG
     13.6 Yokogawa Electric Corporation
     13.7 Wika Alexander Wiegand SE & Co. Kg
     13.8 Johnson Controls, Inc.
     13.9 Honeywell International Inc.
     13.10 Schneider Electric SE
     13.11 Vaisala OYJ

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 172)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (79 Tables)

Table 1 Global Temperature and Humidity Transmitter Market, 2014–2022 (USD Million)
Table 2 Impact Analysis of Drivers
Table 3 Impact Analysis of Restraints
Table 4 Impact Analysis of Opportunities
Table 5 Impact Analysis of Challenges
Table 6 Global Temperature Transmitter Market, By Sensing Technology, 2014–2022 (USD Million)
Table 7 Humidity Transmitter Market, By Sensing Technology, 2014–2022 (USD Million)
Table 8 Temperature Transmitter and Humidity Transmitter Market, By Industry, 2014–2022 (USD Million)
Table 9 Oil & Gas Industry: Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 10 Food & Beverage Industry: Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 11 Water & Wastewater Industry: Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 12 Pulp & Paper Industry: Temperature Transmitter Market, By Region, 2014–2022 (USD Million)
Table 13 Metal & Mining Industry: Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 14 Chemical Industry: Temperature Transmitter Market, By Region, 2014–2022 (USD Million)
Table 15 Power Industry: Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 16 Pharmaceutical Industry: Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 17 Other Industries: Temperature Transmitter Market, By Region, 2014–2022 (USD Million)
Table 18 Humidity Transmitter Market, By Industry, 2014–2022 (USD Million)
Table 19 Temperature Transmitter Market, By Mounting Technology, 2014–2022 (USD Million)
Table 20 Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 21 Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 22 North America: Temperature Transmitter and Humidity Transmitter Market, By Country, 2014–2022 (USD Million)
Table 23 North America: Temperature Transmitter and Humidity Transmitter Market in Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 24 North America: Temperature Transmitter Market in Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 25 North America: Temperature Transmitter Market in Water & Wastewater Industry, By Country, 2014–2022 (USD Million)
Table 26 North America: Temperature Transmitter and Humidity Transmitter Market in Pulp & Paper Industry, By Country, 2014–2022 (USD Million)
Table 27 North America: Temperature Transmitter Market in Metal & Mining Industry, By Country, 2014–2022 (USD Million)
Table 28 North America: Temperature Transmitter and Humidity Transmitter Market in Chemical Industry, By Country, 2014–2022 (USD Million)
Table 29 North America: Temperature Transmitter and Humidity Transmitter Market in Power Industry, By Country: 2014–2022 (USD Million)
Table 30 North America: Temperature Transmitter Market in Pharmaceutical Industry, By Country, 2014–2022 (USD Million)
Table 31 North America: Temperature Transmitter Market in Other Industries, By Country, 2014–2022 (USD Million)
Table 32 North America: Humidity Transmitter Market, By Country, 2014–2022 (USD Million)
Table 33 Europe: Temperature Transmitter Market, By Country, 2014–2022 (USD Million)
Table 34 Europe: Temperature Transmitter and Humidity Transmitter Market in Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 35 Europe: Temperature Transmitter and Humidity Transmitter Market in Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 36 Europe: Temperature Transmitter Market in Water & Wastewater Industry, By Country, 2014–2022 (USD Million)
Table 37 Europe: Temperature Transmitter Market in Pulp & Paper Industry, By Country, 2014–2022 (USD Million)
Table 38 Europe: Temperature Transmitter and Humidity Transmitter Market in Metal & Mining Industry, By Country, 2014–2022 (USD Million)
Table 39 Europe: Temperature Transmitter and Humidity Transmitter Market in Chemical Industry, By Country, 2014–2022 (USD Million)
Table 40 Europe: Temperature Transmitter Market in Power Industry, By Country, 2014–2022 (USD Million)
Table 41 Europe: Temperature Transmitter Market in Pharmaceutical Industry, By Country, 2014–2022 (USD Million)
Table 42 Europe: Temperature Transmitter and Humidity Transmitter Market in Other Industries, By Country, 2014–2022 (USD Million)
Table 43 Europe: Humidity Transmitter Market, By Country, 2014–2022 (USD Million)
Table 44 Asia-Pacific: Temperature Transmitter Market, By Country, 2014–2022 (USD Million)
Table 45 Asia-Pacific: Temperature Transmitter and Humidity Transmitter Market in Oil & Gas Industry, By Country, 2014–2022 (USD Million)
Table 46 Asia-Pacific: Temperature Transmitter and Humidity Transmitter Market in Food & Beverage Industry, By Country, 2014–2022 (USD Million)
Table 47 Asia-Pacific: Temperature Transmitter Market in Water & Wastewater Industry, By Country, 2014–2022 (USD Million)
Table 48 Asia-Pacific: Temperature Transmitter Market in Pulp & Paper Industry, By Country 2014–2022 (USD Million)
Table 49 Asia-Pacific: Temperature Transmitter and Humidity Transmitter Market in Metal & Mining Industry, By Country, 2014–2022(USD Million)
Table 50 Asia-Pacific: Temperature Transmitter and Humidity Transmitter Marketin Chemical Industry, By Country, 2014–2022 (USD Million)
Table 51 Asia-Pacific: Temperature Transmitter Market in Power Industry, By Country, 2014–2022 (USD Million)
Table 52 Asia-Pacific: Temperature Transmitter Market in Pharmaceutical Industry, By Country, 2014–2022 (USD Million)
Table 53 Asia-Pacific: Temperature Transmitter and Humidity Transmitter Market in Other Industries, By Country, 2014–2022 (USD Million)
Table 54 Asia-Pacific: Humidity Transmitter Market, By Country, 2014–2022 (USD Million)
Table 55 Rest of the World (RoW): Temperature Transmitter and Humidity Transmitter Market, By Region, 2014–2022 (USD Million)
Table 56 Rest of the World (RoW): Temperature Transmitter Market in Oil & Gas Industry, By Region, 2014–2022 (USD Million)
Table 57 Rest of the World (RoW): Temperature Transmitter and Humidity Transmitter Marketin Food & Beverage Industry, By Region, 2014–2022 (USD Million)
Table 58 Rest of the World (RoW): Temperature Transmitter Market in Water & Wastewater Industry, By Region, 2014–2022 (USD Million)
Table 59 Rest of the World (RoW): Temperature Transmitter and Humidity Transmitter Market in Pulp & Paper Industry, By Region, 2014–2022 (USD Million)
Table 60 Rest of the World (RoW): Temperature Transmitter and Humidity Transmitter Market in Metal & Mining Industry, By Region, 2014–2022 (USD Million)
Table 61 Rest of the World (RoW): Temperature Transmitter and Humidity Transmitter Market in Chemical Industry, By Region, 2014–2022 (USD Million)
Table 62 Rest of the World (RoW): Temperature Transmitter Market in Power Industry, By Region, 2014–2022 (USD Million)
Table 63 Rest of the World (RoW): Temperature Transmitter and Humidity Transmitter Market in Pharmaceutical Industry, By Region, 2014–2022 (USD Million)
Table 64 Rest of the World (RoW): Temperature Transmitter and Humidity Transmitter Market in Other Industries, By Region, 2014–2022 (USD Million)
Table 65 Rest of the World (RoW): Humidity Transmitter Market, By Country, 2014–2022 (USD Million)
Table 66 Partnerships, Agreements, and Contracts, 2013–2015
Table 67 Expansions, 2013–2015
Table 68 New Product Launches, 2013–2015
Table 69 Acquisitions, 2013–2015
Table 70 Emerson Electric Company: Products Offered
Table 71 ABB Ltd.: Products Offered
Table 72 Endress+Hauser AG: Products Offered
Table 73 Siemens AG: Products Offered
Table 74 Yokogawa Electric Corporation: Products Offered
Table 75 Wika Alexander Wiegand SE & Co. Kg: Products Offered
Table 76 Johnson Controls, Inc.: Products Offered
Table 77 Honeywell International Inc.: Products Offered
Table 78 Schneider Electric SE: Products Offered
Table 79 Vaisala OYJ: Products Offered


List of Figures (73 Figures)

Figure 1 Markets Covered
Figure 2 Temperature and Humidity Transmitter Market, By Geography
Figure 3 Temperature and Humidity Transmitter Market: Research Design
Figure 4 Temperature and Humidity Transmitter Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Temperature and Humidity Transmitter Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Breakdown & Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Limitations of the Research Study
Figure 9 Global Temperature Transmitter Market Snapshot, 2015 vs 2022 (USD Million): Power Industry Expected to Grow at the Highest Rate
Figure 10 Head Mounting Technology Held the Largest Share of the Temperature Transmitter Market in 2015
Figure 11 Global Humidity Transmitter Market, By Industry, 2015
Figure 12 Asia-Pacific Expected to Grow at the Highest CAGR During the Forecast Period in the Temperature Transmitter Market
Figure 13 Temperature Transmitter and Humidity Transmitter Market Expected to Grow at A Steady Rate Between 2016 and 2022
Figure 14 Temperature Transmitter Market for Head Mounting Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 15 North America Held the Largest Share of the Global Temperature Transmitter Market in 2015
Figure 16 U.S. Held the Largest Share of the Global Temperature Transmitter Market in 2015
Figure 17 Power Industry Expected to Hold the Largest Share of the Asia-Pacific Temperature Transmitter Market By 2020
Figure 18 Asian Markets Expected to Grow at A Higher Rate Than European Markets During the Forecast Period
Figure 19 Temperature and Humidity Transmitter Market Evolution
Figure 20 Temperature and Humidity Transmitter Market, By Sensing Technology
Figure 21 Temperature Transmitter and Humidity Transmitter Market, By Communication Protocol
Figure 22 Temperature Transmitter and Humidity Transmitter Market, By Mounting Technology
Figure 23 Temperature and Humidity Transmitter Market, By Industry
Figure 24 Temperature and Humidity Transmitter Market, By Geography
Figure 25 Drivers, Restraints, Opportunities, and Challenges for the Temperature and Humidity Transmitter Market
Figure 26 Average Annual Wage of Employed Persons in Chinese Urban Units
Figure 27 Trends in Global Crude Oil Indices
Figure 28 Input to Power Industry in Terms of Primary Energy Across Some Key Growth Markets
Figure 29 Temperature and Humidity Transmitter Market: Value Chain Analysis
Figure 30 Porter’s Five Forces Analysis
Figure 31 Porter’s Five Forces Analysis for the Temperature and Humidity Transmitter Market
Figure 32 Temperature and Humidity Transmitter Market: Threat of Substitutes
Figure 33 Temperature and Humidity Transmitter Market: Bargaining Power of Buyers
Figure 34 Temperature and Humidity Transmitter Market: Bargaining Power of Suppliers
Figure 35 Temperature and Humidity Transmitter Market: Threat of New Entrants
Figure 36 Temperature and Humidity Transmitter Market: Degree of Competition
Figure 37 Temperature and Humidity Transmitter Market, By Sensing Technology
Figure 38 Temperature Transmitter Market, By Sensing Technology
Figure 39 Humidity Transmitter Market, By Sensing Technology
Figure 40 Temperature and Humidity Transmitter Market, By Industry
Figure 41 Temperature Transmitter Market, By Industry
Figure 42 Key Sectors Under Food & Beverages Industry
Figure 43 Humidity Transmitter Market, By Industry
Figure 44 Humidity Transmitter Applications in Food and Beverage Industry
Figure 45 Effect of Humidity on Textile Products
Figure 46 Effect of Humidity on Paper Products
Figure 47 Temperature Transmitter Market, By Mounting Technology
Figure 48 Temperature Transmitter Market, By Communication Protocol
Figure 49 Global Temperature Transmitter Market: Geographic Snapshot (2014–2022)
Figure 50 North America: Temperature Transmitter Market Snapshot
Figure 51 Europe: Temperature Transmitter Market Snapshot
Figure 52 Asia-Pacific: Temperature Transmitter Market Snapshot
Figure 53 RoW: Temperature Transmitter Market Snapshot
Figure 54 Companies Have Mostly Adopted Organic Growth Strategy for the Last Three Years (2013–2015)
Figure 55 Temperature Transmitter Market Rank Analysis, 2015
Figure 56 Humidity Transmitter Market Rank Analysis, 2015
Figure 57 Market Evolution Framework: Partnerships/Agreements/Contracts Fueled Growth and Innovation in the Temperature Transmitter and Humidity Transmitter Market (2013–2015)
Figure 58 Battle for Market Share: Partnerships/Agreements/Contracts Emerged as the Key Strategies (2013–2015)
Figure 59 Geographic Revenue Mix of Top 5 Market Players
Figure 60 Emerson Electric Company: Company Snapshot
Figure 61 Emerson Electric Company: SWOT Analysis
Figure 62 ABB Ltd.: Company Snapshot
Figure 63 ABB Ltd.: SWOT Analysis
Figure 64 Endress+Hauser AG: Company Snapshot
Figure 65 Endress+Hauser AG: SWOT Analysis
Figure 66 Siemens AG: Company Snapshot
Figure 67 Yokogawa Electric Corporation: Company Snapshot
Figure 68 Johnson Controls, Inc.: Company Snapshot
Figure 69 Johnson Controls, Inc.: SWOT Analysis
Figure 70 Honeywell International Inc.: Company Snapshot
Figure 71 Honeywell International Inc.: SWOT Analysis
Figure 72 Schneider Electric SE: Company Snapshot
Figure 73 Vaisala OYJ: Company Snapshot

The temperature transmitter market is expected to reach USD 3.58 Billion by 2022, at a CAGR of 4.19% during the forecast period. The humidity transmitter market is expected to reach USD 1.36 Billion by 2022, at a CAGR of 1.84% between 2016 and 2022. The growing automation across all process industries to optimize resources and improve cost, safety, and security is projected to drive the growth of the temperature transmitter market. The deployment of temperature transmitters is expected to increase in industries, such as power, oil & gas, metal & mining, chemical, and pharmaceutical. Humidity measurement is critical in several industries, as it may affect the health & safety of personnel. Therefore, the application of humidity transmitters is expected to increase in industries, such as HVAC & building automation, food & beverage, pharmaceutical, and chemical.

The power industry is expected to witness the highest growth in the global temperature transmitter market during the forecast period, followed by the chemical, water & wastewater, and pharmaceutical industries. The growing electrification, access to electricity, and energy intensity are driving the demand for electricity, in turn leading to new installations and capacity expansion of existing power plants. This would lead to greater demand for temperature transmitters in the near future. The HVAC & building automation industry segment of the humidity transmitter market is expected to witness highest growth during the forecast period. Heating, ventilation, and air-conditioning (HVAC) is commonly utilized in residential and commercial applications to maintain an ambient atmosphere. Humidity measurement and control plays an important role in HVAC applications.

RTD and thermocouple temperature transmitters are widely used across various industries, as they help optimize process cost and provide greater process control. Thus, the thermocouple segment of the temperature transmitter market is expected to grow significantly during the forecast period.

Temperature Transmitter and Humidity Transmitter Market

Asia-Pacific is expected to witness the highest growth in the temperature transmitter market between 2016 and 2022, owing to the demand from energy capacity expansion, new project commissioning, and demand for industrial automation to increase productivity. The growing demand for HVAC systems in residential and commercial projects in Asia-Pacific is expected to drive the growth of the humidity transmitters market.

One of the factors that may restrain the growth of the temperature transmitter market is the decline in global crude oil prices. Temperature transmitters are widely used across the value chain of the oil & gas industry; thus, any event in the petroleum market would affect the temperature transmitter market. Emerson Electric Company (U.S.), Endress+Hauser AG (Switzerland), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Yokogawa Electric Corporation (Japan), Siemens AG (Germany), General Electric (U.S.), Schneider Electric SE (France), and WIKA Alexander Wiegand SE & Co. KG (Germany) are the key players in the temperature transmitter market. The key players in humidity transmitter are Johnson Controls, Inc. (U.S.), Siemens AG (Germany), Schneider Electric SE (France), Honeywell International Inc. (U.S.), and Vaisala Oyj (Finland).

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