HOME Top Market Reports Temperature Sensors Market by Type (Bimetallic, Thermistor, IC, RTD, Thermocouple, IR, Fiber Optics, Others (MEMS, USB, Wi-Fi, ZigBee, Bluetooth, RFID)), End User (Process Industries & Discrete Industries), & Geography - Global Forecast to 2022

Temperature Sensors Market by Type (Bimetallic, Thermistor, IC, RTD, Thermocouple, IR, Fiber Optics, Others (MEMS, USB, Wi-Fi, ZigBee, Bluetooth, RFID)), End User (Process Industries & Discrete Industries), & Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: SE 2914

 

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The temperature sensors market is expected to grow from USD 5.13 Billion in 2016 to USD 6.79 Billion by 2022, at a CAGR of 4.8% between 2016 and 2022. In terms of volume, the global temperature sensors market is estimated to grow at a double digit growth rate between 2016 and 2022. The base year used for this study is 2015 and the forecast period is between 2016 and 2022. Currently, there is a growing demand for temperature sensors in the semiconductors segment, automotive segment, and in some process industries such as metal, F&B, and plastics among others. This is attributed to the increasing demand for sensing technologies among industry end users, and growing vehicle production in economies such as Japan and India.

This report aims to estimate the market size and future growth potential of the temperature sensors market across different segments such as product type, end users, and geography. Factors such as high demand for temperature sensors among industrial end users, growing concern toward security and surveillance, robust demand for consumer electronics products, developing automotive industry in emerging markets, and government initiatives for environment & safety norms are expected to boost the growth of the market during the forecast period. The introduction of MEMS technology in temperature sensing is one the major growth opportunities for the market.

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

Temperature Sensor Market

Most of the companies in the temperature sensor market play a major role as service providers and system integrators, and they form an integral part of the temperature sensors market ecosystem. In 2015, the overall temperature sensors market was dominated by Texas Instruments Incorporated (U.S.), Analog Devices, Inc. (U.S.), ABB Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Maxim Integrated Products, Inc. (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Kongsberg Gruppen (Norway), TE Connectivity Ltd. (U.S.), Emerson Electric Company (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (U.S.), and NXP Semiconductors N.V. (Netherlands). The increasing number of new product developments and mergers & acquisitions among the industry players drive the overall temperature sensors market. The increasing demand for temperature sensors in industrial end users and surge in automobile industry on global basis are further driving the overall temperature sensors market.

Key Target Audience

  • Technology Developers
  • Sensor Manufacturers
  • Component Suppliers
  • OEMs
  • Process & Discrete Industry End user
  • Distributors and Traders
  • Research Organizations
  • Alliances and Associations
  • Government Bodies

Scope of the Report

The research report segments the temperature sensors market to following submarkets:

By Product Type:

  • Bimetallic Temperature Sensor
  • Temperature Sensor IC 
  • Thermistor (Negative Temperature Coefficient (NTC) and Positive Temperature Coefficient (PTC))
  • Resistive Temperature Detector (RTD)
  • Thermocouple
  • Infrared Temperature Sensors
  • Fiber Optic Temperature Sensors
  • Other Types Of Temperature Sensors (remote temperature sensor, MEMS based temperature sensors, and other wireless based temperature sensors)

By End User Industry:

Process Industry End User:

  • Chemical & Petrochemical Industry
  • Oil & Gas Industry
  • Advanced Fuels Industry
  • Metal Industry
  • Power Generation & Alternative Power Generation Industry
  • Food & Beverage Industry
  • Glass Industry
  • Plastics Industry
  • Refining Industry
  • Other Process Industries (Pulp & Paper Industry, Water & Wastewater Industry, Cement Industry, and Agriculture Industry)

Discrete Industry End User:

  • Semiconductors Sector
  • HVAC Sector
  • Healthcare Sector
  • Automotive Sector
  • Aerospace and Defense Sector

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (Middle East, Africa, and South America)

Available Customizations

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

Submarkets Analysis

  • Global Temperature Sensors Market Size, by Product Type (For 2017, 2019, and 2021)
  • Global Temperature Sensors Market Size, by End User (For 2017, 2019, and 2021)
  • Global Temperature Sensors Market Size, by Region (For 2017, 2019, and 2021)

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    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 and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Temperature Sensors Market Expected to Grow at A Stable Growth Rate Between 2016 and 2022
    4.2 Market, By Product Type (2016–2022)
    4.3 Temperature Sensors: End-User Industries Market, By Process Industry End User
    4.4 Temperature Sensors: End-User Industries Market, By Discrete Industry End User (2013–2022)
    4.5 Market, By Region and By Product
    4.6 Market, By Geography (2016–2022)
    4.7 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Temperature Sensors Market, By Product Type
           5.2.2 Market, By End-User Industry
                    5.2.2.1 Temperature Sensors: End-User Industries Market, By Process Industry End User
                    5.2.2.2 Temperature Sensors: End-User Industries Market, By Discrete Industry End User
           5.2.3 Temperature Sensors Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Demand for Temperature Sensors Among Industrial End Users
                    5.3.1.2 Growing Concern Toward Security and Surveillance
                    5.3.1.3 Developing Automotive Industry in Emerging Markets
                    5.3.1.4 Government Initiatives Towards Environment and Safety Norms
                    5.3.1.5 Robust Demand for Consumer Electronics Products
           5.3.2 Restraints
                    5.3.2.1 Competition Among the Different Temperature Sensing Technologies
                    5.3.2.2 Highly Mature End-User Market
           5.3.3 Opportunities
                    5.3.3.1 Technical Developments
                    5.3.3.2 Emergence of Mems in Temperature Sensing
           5.3.4 Challenges
                    5.3.4.1 Stringent Performance Requirements for Advanced Sensor Applications

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry
    6.5 Pest Analysis
           6.5.1 Political Factors
           6.5.2 Economic Factors
           6.5.3 Social Factors
           6.5.4 Technological Factors

7 Market, By Product Type (Page No. - 60)
    7.1 Introduction
    7.2 Bimetallic Temperature Sensor
    7.3 Temperature Sensor IC
    7.4 Thermistor
    7.5 Resistive Temperature Detector (RTD)
    7.6 Thermocouple
    7.7 Infrared Temperature Sensors
    7.8 Fiber Optic Temperature Sensors
    7.9 Other Types of Temperature Sensors
           7.9.1 Mems-Based Temperature Sensors
           7.9.2 Usb-Based Temperature Sensors
           7.9.3 Wi-Fi-Based Temperature Sensors
           7.9.4 Zigbee-Based Temperature Sensors
           7.9.5 Bluetooth-Based Temperature Sensors
           7.9.6 Rfid-Temperature Sensors

8 Market, By End User Industry (Page No. - 86)
    8.1 Introduction
    8.2 Process Industry End Users
           8.2.1 Chemical & Petrochemical Industry
           8.2.2 Oil & Gas Industry
           8.2.3 Advanced Fuels Industry
           8.2.4 Metal Industry
           8.2.5 Power Generation & Alternative Power Generation Industry
           8.2.6 Food & Beverage Industry
           8.2.7 Glass Industry
           8.2.8 Plastic Industry
           8.2.9 Refining Industry
           8.2.10 Others
    8.3 Discrete Industry End Users
           8.3.1 Semiconductors Sector
           8.3.2 HVAC Sector
           8.3.3 Healthcare Sector
           8.3.4 Automotive Sector
           8.3.5 Aerospace & Defense Sector

9 Geographic Analysis (Page No. - 126)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
                    9.2.1.1 U.S. Holds A Large Share of the Temperature Sensor Market
                    9.2.1.2 U.S. is Home to Some of the Major Temperature Sensors Manufacturers in the World
           9.2.2 Canada
                    9.2.2.1 Canada to Be the Second-Largest Market for Temperature Sensors, in North America Owing to Government Support
           9.2.3 Mexico
                    9.2.3.1 Healthcare Sector is Amongst the Major Sectors in the Country
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany’s Automotive Industry and Power Sector to Drive Temperature Sensors Market
           9.3.2 France
                    9.3.2.1 France Held the Largest Share of Nuclear Electricity in the World (2014)
                    9.3.2.2 France Emerged as the Third-Largest Automobile Manufacturer (2015)
           9.3.3 U.K.
                    9.3.3.1 The Electronics Sector in the U.K. is the Fifth-Largest in the World (2014)
           9.3.4 Spain
                    9.3.4.1 Spain is Among the World Leaders for Technological and Industrial Development of Renewable Energies
                    9.3.4.2 Spain is the Second-Largest Automotive Manufacturer in Europe (2015)
           9.3.5 Others
                    9.3.5.1 Italy has Second-Best Healthcare System in the World
                    9.3.5.2 Switzerland Spends Approximately 12% of Its Gdp on Healthcare
    9.4 Asia-Pacific (APAC)
           9.4.1 China
                    9.4.1.1 China is the Largest Economic Power in APAC
           9.4.2 Japan
                    9.4.2.1 Japan Ranks Third in Terms of Vehicle Production (2015) and Its Economy is the Third-Largest in the World
           9.4.3 India
                    9.4.3.1 Ideal Location for Business Expansions
                    9.4.3.2 India Holds the World's Largest Refinery
                    9.4.3.3 Sixth-Largest Automobile Industry in the World in Terms of Vehicle Unit Production (2015)
           9.4.4 South Korea
                    9.4.4.1 Home to Major Automotive and Consumer Electronics Companies
           9.4.5 Others
                    9.4.5.1 Australia is Among the Richest Healthcare Markets in Asia-Pacific
                    9.4.5.2 Taiwanese Firms Have Captured Some of the Major Markets in Consumer Electronics
    9.5 Rest of World (RoW)
           9.5.1 South America
                    9.5.1.1 Brazil is Amongst the Fastest-Growing Economies in the World
           9.5.2 Middle East
                    9.5.2.1 Strong Base of Oil & Gas and Refining Industries Located in the Middle East
           9.5.3 Africa
                    9.5.3.1 Petrochemical Industry is One of the Key Contributors to the Country’s Gdp

10 Competitive Landscape (Page No. - 148)
     10.1 Overview
     10.2 Key Players in Temperature Sensors Market
     10.3 Competitive Situations and Trends
             10.3.1 New Product Developments
             10.3.2 Mergers & Acquisitions
             10.3.3 Agreements and Contracts
             10.3.4 Other Developments
             10.3.5 Expansions

11 Company Profiles (Page No. - 158)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 Texas Instruments Incorporated
     11.3 Analog Devices, Inc.
     11.4 ABB Ltd.
     11.5 Honeywell International Inc.
     11.6 Maxim Integrated Products Inc.
     11.7 Siemens AG
     11.8 Danaher Corporation
     11.9 Kongsberg Gruppen
     11.10 TE Connectivity Ltd.
     11.11 Emerson Electric Company
     11.12 Panasonic Corporation
     11.13 General Electric
     11.14 Stmicroelectronics
     11.15 Microchip Technology Incorporated
     11.16 NXP Semiconductors N.V.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 194)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (79 Tables)

Table 1 Currency Table
Table 2 Global Temperature Sensors Market Size, in Terms of Value and Volume, 2013–2022
Table 3 Vehicle Production in Major Geographies, 2006–2013 (Million Units)
Table 4 Increasing Demand for Sensing Technologies From Industrial End Users Expected to Propel the Growth of the Temperature Sensor Market
Table 5 Compettition Among the Technologies is A Key Restraint for the Temperature Sensor Market
Table 6 Technological Developments and Emergence of Mems Technology in Temperature Sensing are the Key Opportunities for the Market
Table 7 Stringent Performance Requirements in Advance Sensor Applications Pose A Major Challenge for Manufacturers
Table 8 Porter’s Five Forces Analysis: Intensity of Competitive Rivalry Likely to Have A High Impact on the Temperature Sensors Market
Table 9 Major Product Type Characteristics
Table 10 Temperature Sensors Market Size, By Product Type, 2013–2022 (USD Million)
Table 11 Market Size, By Product Type, 2013–2022 (Million Units)
Table 12 Bimetallic Temperature Sensor: Temperature Sensors Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 13 Bimetallic Temperature Sensor: Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 14 Temperature Sensor IC: Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 15 Temperature Sensor IC: Temperature Sensors Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 16 Temperature Sensors Market Size, By Thermistor, 2013–2022 (USD Million)
Table 17 Market Size, By Thermistor, 2013–2022 (Million Units)
Table 18 Thermistor: Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 19 Thermistor: Temperature Sensors Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 20 Resistive Temperature Detector: Temperature Sensors Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 21 Resistive Temperature Detector: Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 22 Common Types of Thermocouple
Table 23 Thermocouple: Temperature Sensors Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 24 Thermocouple: Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 25 Infrared Temperature Sensors: Temperature Sensors Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 26 Infrared Temperature Sensors: Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 27 Fiber Optic Temperature Sensors: Temperature Sensors Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 28 Fiber Optic Temperature Sensors: Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 29 Others: Temperature Sensors Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 30 Others: Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 31 Market Size, By End User, 2013–2022 (USD Million)
Table 32 Market Size, By Process Industry End User, 2013–2022 (USD Million)
Table 33 Chemical & Petrochemical Industry: Temperature Sensors Market Size, By Product Type, 2013–2022 (USD Million)
Table 34 Chemical & Petrochemical Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 35 Oil & Gas Industry: Temperature Sensors Market Size, By Product Type, 2013–2022 (USD Million)
Table 36 Oil & Gas Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 37 Advanced Fuels Industry: Temperature Sensors Market Size, By Product Type, 2013–2022 (USD Million)
Table 38 Advanced Fuels Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 39 Metal Industry: Market Size, By Product Type, 2013–2022 (USD Million)
Table 40 Metal Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 41 Power Generation & Alternative Power Generation Industry: Temperature Sensors Market Size, By Product Type, 2013–2022 (USD Million)
Table 42 Power Generation & Alternative Power Generation Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 43 Food & Beverage Industry: Temperature Sensors Market Size, By Product Type, 2013–2022 (USD Million)
Table 44 Food & Beverage Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 45 Glass Industry: Market Size, By Product Type, 2013–2022 (USD Million)
Table 46 Glass Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 47 Plastic Industry: Market Size, By Product Type, 2013–2022 (USD Million)
Table 48 Plastic Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 49 Refining Industry: Market Size, By Product Type, 2013–2022 (USD Million)
Table 50 Refining Industry: Market Size, By Region, 2013–2022 (USD Million)
Table 51 Other Industries: Market Size, By Product Type, 2013–2022 (USD Million)
Table 52 Other Industries: Market Size, By Region, 2013–2022 (USD Million)
Table 53 Market Size, By Discrete Industry End User, 2013–2022 (USD Million)
Table 54 Semiconductors Sector: Market Size, By Product Type, 2013–2022 (USD Million)
Table 55 Semiconductors Sector: Market Size, By Region, 2013–2022 (USD Million)
Table 56 HVAC Sector: Temperature Sensors Market Size, By Product Type, 2013–2022 (USD Million)
Table 57 HVAC Sector: Market Size, By Region, 2013–2022 (USD Million)
Table 58 Healthcare Sector: Market Size, By Product Type, 2013–2022 (USD Million)
Table 59 Healthcare Sector: Temperature Sensors Market Size, By Region, 2013–2022 (USD Million)
Table 60 Automotive Sector: Market Size, By Product Type, 2013–2022 (USD Million)
Table 61 Automotive Sector: Temperature Sensors Market Size, By Region, 2013–2022 (USD Million)
Table 62 Aerospace & Defense Sector: Market Size, By Product Type, 2013–2022 (USD Million)
Table 63 Aerospace & Defense Sector: Market Size, By Region, 2013–2022 (USD Million)
Table 64 Temperature Sensors Market Size, By Region, 2013–2022 (USD Million)
Table 65 North America: Temperature Sensors Market Size, By Country, 2013–2022 (USD Million)
Table 66 North America: Market Size, By End User, 2013–2022 (USD Million)
Table 67 Europe: Temperature Sensors Market Size, By Country, 2013–2022 (USD Million)
Table 68 Europe: Market Size, By End User, 2013–2022 (USD Million)
Table 69 APAC: Temperature Sensors Market Size, By Country, 2013–2022 (USD Million)
Table 70 APAC: Market Size, By End User, 2013–2022 (USD Million)
Table 71 RoW: Temperature Sensors Market Size, By Region, 2013–2022 (USD Million)
Table 72 RoW: Market Size, By End User, 2013–2022 (USD Million)
Table 73 Companies Revenue of Major Players, USD Billion (2012–2014)
Table 74 Top 5 Players in Market, 2015
Table 75 New Product Developments, 2012–2015
Table 76 Mergers & Acquisitions (2013–2015)
Table 77 Agreements and Contracts (2014–2015)
Table 78 Other Developments (2013–2014)
Table 79 Expansions (2014)


List of Figures (107 Figures)

Figure 1 Markets Covered in Temperature Sensors Market
Figure 2 Research Design
Figure 3 Data Triangulation
Figure 4 Flow of Report Writing
Figure 5 Market Snapshot, 2013–2022 (USD Billion)
Figure 6 Market, By Product Type, 2013–2022 (USD Million)
Figure 7 Temperature Sensors: End-User Industries Market, By Process Industry (USD Million)
Figure 8 Temperature Sensors: End-User Industries Market, By Discrete Industry End User (USD Million)
Figure 9 Market, By Region (2015)
Figure 10 Attractive Opportunities in the Market Between 2016 and 2022
Figure 11 Thermocouple-Based Temperature Sensors to Hold Major Market Share Between 2016 and 2022
Figure 12 Metal Industry to Grow at the Highest Rate Between 2016 and 2022
Figure 13 Semiconductors Sector Estimated to Hold the Major Share of This Market By 2022
Figure 14 North America Estimated to Hold the Major Share of the Overall Temperature Sensors Market, 2016
Figure 15 U.S.Expected to Hold Major Share Ofthe Overall Market, 2016
Figure 16 APAC Expected to Enter Maturity Stage in the Overall Market Between 2016 and 2022
Figure 17 Increasing Demand for Sensing Technologies From Industrial End Users Expected to Propel the Growth of the Temperature Sensor Market
Figure 18 Value Chain Analysis of the Market
Figure 19 Inclination Toward Electromechanical Measuring —Leading Trend Among Key Market Players
Figure 20 Overview: Porter’s Five Forces Analysis of Temperature Sensors Market
Figure 21 Market: Porter’s Five Forces Analysis (2015)
Figure 22 Market: Threat of New Entrants
Figure 23 Market: Threat of Subsittutes
Figure 24 Market: Bargaining Power of Suppliers
Figure 25 Market: Bargaining Power of Buyers
Figure 26 Market: Intensity of Competitive Rivalry
Figure 27 Market, By Product Type
Figure 28 Thermocouple-Based Temperature Sensors Likely to Lead the Global Market (2016–2022)
Figure 29 Working of Bimetallic Temperature Sensors
Figure 30 Semiconductors Sector Expected to Hold Major Share of Bimetallic Temperature Sensors Market Between 2016 and 2022
Figure 31 Chemical & Petrochemical Industry Likely to Hold Major Share of the Temperature Sensors IC Market Till 2022
Figure 32 NTC Thermistors Expected to Hold Major Share of Thermistors Market Between 2016 and 2022
Figure 33 Chemical & Petrochemical Industry Likely to Hold Major Share of Thermistor-Based Market Till 2022
Figure 34 Thermistor Market in Healthcare Sector Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 35 Chemical & Petrochemical Industry Expected to Hold Major Share of Resistive Temperature Detector Market Till 2022
Figure 36 HVAC Sector Likely to Grow at the Highest Rate Between 2016 and 2022 in Thermocouple Market
Figure 37 Working of Infrared Sensors
Figure 38 Semiconductors Sector Likely to Hold Major Share of IR Sensors Market Till 2022
Figure 39 Metal Industry Likely to Lead the Fiber Optic Temperature Sensors Market Share Till 2022
Figure 40 Chemical & Petrochemical Industry Likely to Hold Major Share of Other Product Types Market Till 2022
Figure 41 Discrete Industry End User Likely to Grow at the Highest CAGR in Temperature Sensors Market Between 2016 and 2022
Figure 42 Temperature Sensors Market, By Process Industry End User
Figure 43 Chemical & Petrochemical Industry Expected to Lead the Market Between 2016 and 2022
Figure 44 Thermocouple Expected to Lead the Chemical & Petrochemical Industry Between 2016 and 2022
Figure 45 APAC Expected to Lead the Temperature Sensors Market in Chemical & Petrochemicals Industry (2015)
Figure 46 Market for Other Product Types to Grow at the Highest CAGR in Oil & Gas Industry Between 2016 and 2022
Figure 47 North America Expected to Lead the Market in Oil & Gas Industry (2015)
Figure 48 Temperature Sensor IC Expected to Grow at the Highest CAGR in Advanced Fuels Industry Between 2016 and 2022
Figure 49 Thermocouple Sensors to Hold Major Share of Metal Industry Till 2022
Figure 50 APAC to Hold Second Position in Temperature Sensors Market for Metal Industry (2015)
Figure 51 Thermocouple Sensors to Hold Major Share of Power Generation & Alternative Power Generation Industry Till 2022
Figure 52 APAC to Lead the Power Generation & Alternative Power Generation Industry Till 2022
Figure 53 Other Product Types Expected to Grow at the Highest CAGR in Food & Beverage Industry Between 2016 and 2022
Figure 54 North America to Lead the Market Size in Food & Beverage Industry (2016–2022)
Figure 55 Resistive Temperature Detector to Hold Second-Largest Market Size in Glass Industry Between 2016 and 2022
Figure 56 APAC and North America Expected to Be Top 2 Markets for Temperature Sensors in Glass Industry (2015)
Figure 57 Temperature Sensor IC Expected to Grow at the Highest CAGR in Plastic Industry Between 2016 and 2022
Figure 58 North America to Lead the Temperature Sensors Market in Plastic Industry Till 2022
Figure 59 Temperature Sensor IC to Grow at the Highest CAGR in Refining Industry Between 2016 and 2022
Figure 60 North America to Lead the Market in Other Industries (2015)
Figure 61 Temperature Sensors Market, By Discrete Industry End User
Figure 62 HVAC Sector to Grow at the Highest CAGR in Discrete Industry End User Market Between 2016 and 2022
Figure 63 Temperature Sensor IC to Lead the Semiconductors Sector Between 2016 and 2022
Figure 64 APAC Expected to Lead the Temperature Sensors Market in Semiconductors Sector (2015)
Figure 65 RTD-Based Sensors to Hold Major Share of HVAC Sector Till 2022
Figure 66 North America to Hold Second Position in Market for HVAC Sector (2015)
Figure 67 Other Product Types to Grow at the Highest CAGR in Healthcare Sector Between 2016 and 2022
Figure 68 North America to Lead the Temperature Sensors Market in Healthcare Sector Till 2022
Figure 69 Thermistor-Based Sensors to Hold Major Share of Automotive Sector Till 2022
Figure 70 APAC Expected to Lead the Market in Automotive Sector (2015)
Figure 71 Other Product Types to Grow at the Highest CAGR in Aerospace & Defense Sector Between 2016 and 2022
Figure 72 North America and APAC Expected to Be Top 2 Markets for Temperature Sensors in Aerospace & Defense Sector (2015)
Figure 73 Geographic Snapshot of Temperature Sensors Market (2016–2022)
Figure 74 APAC: an Attractive Destination for Major End Users in the Temperature Sensors Market Between 2016 and 2022
Figure 75 North America: Market Snapshot—Supportive Government Plans and Presence of Key Players in the Region are the Major Drivers
Figure 76 U.S. to Lead the North American Temperature Sensors Market Between 2016 and 2022
Figure 77 Europe: Market Snapshot—Germany to Hold Major Share Between 2016 and 2022
Figure 78 Germany to Lead the European Temperature Sensors Market Till 2022
Figure 79 APAC: Market Snapshot—India Likely to Grow at the Highest Rate Between 2016 and 2022
Figure 80 China to Hold Major Share of APAC Market for Temperature Sensors (2015)
Figure 81 Rest of the World: Market Snapshot—Middle East to Lead the Market During the Forecast Period
Figure 82 Middle East Held the Major Share of the RoW Market(2015)
Figure 83 Companies Adopted New Product Development as the Key Growth Strategy Between 2012 and 2015
Figure 84 Analog Devices, Inc. Registered Highest Growth in Terms of Revenue Between 2012 and 2014
Figure 85 Market Evolution Framework—New Product Development as the Major Strategy Adopted By Key Players
Figure 86 Battle for Market Ranking: New Product Developments as the Key Growth Strategy
Figure 87 Geographic Revenue Mix of the Major Market Players
Figure 88 Texas Instruments Incorporated: Company Snapshot
Figure 89 Texas Instruments Incorporated: SWOT Analysis
Figure 90 Analog Devices, Inc.: Company Snapshot
Figure 91 Analog Devices, Inc.: SWOT Analysis
Figure 92 ABB Ltd.: Company Snapshot
Figure 93 ABB Ltd.: SWOT Analysis
Figure 94 Honeywell International Inc.: Company Snapshot
Figure 95 Honeywell International Inc.: SWOT Analysis
Figure 96 Maxim Integrated Products Inc.: Company Snapshot
Figure 97 Maxim Integrated Products Inc.: SWOT Analysis
Figure 98 Siemens AG: Company Snapshot
Figure 99 Danaher Corporation: Company Snapshot
Figure 100 Kongsberg Gruppen: Company Snapshot
Figure 101 TE Connectivity Ltd.: Company Snapshot
Figure 102 Emerson Electric Company: Company Snapshot
Figure 103 Panasonic Corporation: Company Snapshot
Figure 104 General Electric: Company Snapshot
Figure 105 Stmicroelectronics N.V.: Company Snapshot
Figure 106 Microchip Technology Incorporated: Company Snapshot
Figure 107 NXP Semiconductors N.V.: Company Snapshot

The temperature sensors market is expected grow from USD 5.13 Billion in 2016 to USD 6.79 Billion by 2022, at a CAGR of 4.8% between 2016 and 2022. The global temperature sensors market size, in terms of volume, is estimated to witness double-digit growth rate during the forecast. Temperature sensors have been in the market from more than four decades and they are among the most commonly used devices for the purposes of measuring and controlling. Factors such as high demand for temperature sensors among industrial end users, growing concern toward security & surveillance, robust demand for consumer electronics products, developing automotive industry in emerging markets, and government initiatives toward environment & safety norms are some of the major growth drivers for this market.

The scope of this report covers the temperature sensors market segmented on the basis product type, end-user industry (subsegmented into process industry end user and discrete industry end user), and geography. In terms of product type, thermocouple-based temperature sensors are expected to hold the largest market share and dominate the overall market between 2016 and 2022. In terms of process industry end users, the chemical & petrochemical industry is expected to hold the largest market share and dominate the temperature sensors market between 2016 and 2022 owing to the growing usage of temperature sensors in the industrial sector and the increasing concerns toward security & surveillance.

Of all the discrete industry end users considered for this study, the semiconductors segment is expected to hold the largest market share and dominate the temperature sensors market between 2016 and 2022; the market for the HVAC segment is expected to grow at the highest rate between 2016 and 2022. HVAC systems are widely utilized in commercial buildings such as offices and hospitality industries.

Temperature Sensor Market

North America is expected to hold the largest market share and dominate the temperature sensors market between 2016 and 2022 owing to factors such as the presence of key players in the region, rising usage of temperature sensor products by scientific research institutions to study environmental changes across North America, and growing demand for temperature sensors in perishable logistics industry and warehousing. The APAC region offers potential growth opportunities as there is increasing government support and demand from growing economies such as China and India among others.

The restraining factors of the market are the competition among the different temperature sensing technologies and highly mature end-user market. The major vendors in the temperature sensors market include Texas Instruments Incorporated (U.S.), Analog Devices, Inc. (U.S.), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Kongsberg Gruppen (Norway), TE Connectivity Ltd. (U.S.), Emerson Electric Company (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (U.S.), and NXP Semiconductors N.V. (Netherlands) among others. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansions to cater to the needs of the temperature sensors market.

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Major Players for each of the sensor type given in the temperature sensor market report

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