HOME Top Market Reports Temperature Sensors Market by Product Type (Bimetallic, Thermoistor, IC, RTD, Thermocouple, IR, Fiber Optics), End-Use Application (Oil & Gas, Chemical, Refining, HVAC, Automotive, Electrical, and Electronics), and Geography - Global Forecast to 2023

Temperature Sensors Market by Product Type (Bimetallic, Thermoistor, IC, RTD, Thermocouple, IR, Fiber Optics), End-Use Application (Oil & Gas, Chemical, Refining, HVAC, Automotive, Electrical, and Electronics), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: SE 2914

 

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The temperature sensors market is expected to reach USD 6.86 Billion by 2023 from USD 4.99 Billion in 2016, growing at a CAGR of 4.5% between 2017 and 2023. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the temperature sensors market based on product type, end-use application, and geography; information regarding the major factors influencing the growth of the temperature sensors market (drivers, restraints, opportunities, and industry-specific challenges); and a detailed value chain analysis. Moreover, the objective of this report is to strategically profile the key players and provide competitive landscape for market players. It also provides information on the product launches, acquisitions, partnerships, agreements, contracts, and collaborations carried out by the key players in the temperature sensors market.

The research methodology used to estimate and forecast the size of the temperature sensors market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoovers, and OneSource. The vendor offerings have also been taken into consideration to determine the temperature sensors market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the temperature sensors market from the revenues of the key players in this market. 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 sub segments. The analysis of the temperature sensors market includes extensive primary research to gather information, and verify and validate the critical conclusions arrived at.

After arriving at the overall market size, the total market has been split into several segments and sub segments. The following illustration shows the breakdown of the primaries conducted during the research study on the basis of company type, designation, and region.

Temperature Sensor Market

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

The temperature sensors ecosystem comprises manufacturers such ABB Limited (Switzerland), Analog Devices Inc. (US), Emerson Electric Corporation (US), Maxim Integrated Products Inc. (US), Siemens (Germany), TE Connectivity (Switzerland), and Texas instruments Inc. (US)

The target audience for the report includes:

  • Temperature sensor-related associations, organizations, forums, and alliances
  • Temperature sensors manufacturers
  • Component suppliers
  • OEMs
  • Professional service/solution providers
  • Research organizations and consulting companies
  • Semiconductor product designers and fabricators
  • System integrators

“The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to eight years for prioritizing efforts and investments”.

The market covered under this report has been segmented as follows:

Temperature sensors market, by Product Type

  • Bimetallic temperature sensors
  • Temperature sensor IC’s
  • Thermistors
  • Resistive temperature detectors (RTDs)
  • Thermocouples
  • Infrared temperature sensors
  • Fiber optic temperature sensors

Temperature sensors market, by End-use Application

  • Process end-use applications
  • Chemicals and petrochemical
  • Oil & gas
  • Advanced fuels
  • Metals
  • Energy & power
  • Food & beverages
  • Glass
  • Plastics
  • Refining
  • Others

Non-process End-use Applications

  • Electrical and electronics
  • HVAC
  • Healthcare
  • Automotive
  • Aerospace & defense

Temperature sensors market by, Geography

  • North America
  • Europe
  • APAC
  • ROW

Available Customizations

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

Application Analysis

  • Further breakdown of the application segment, by geography

Geographic Analysis

  • Further breakdown of the geography segment, by application and type

Company Information

  • Detail analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    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. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in Temperature Sensor Market Between 2017 and 2023
    4.2 Temperature Sensor Market, By Product Type
    4.3 Temperature Sensor Market, By Process End-Use Application
    4.4 Temperature Sensor Market, By Non-Process End-Use Application
    4.5 Temperature Sensor Market, By Product Type and Application
    4.6 Temperature Sensor Market, By Geography

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Importance of Advanced and Portable Healthcare Equipment
                    5.2.1.2 Growing Automotive Sector
                    5.2.1.3 Increasing Trend of Home and Building Automation
           5.2.2 Restraints
                    5.2.2.1 Saturation in Pc Market
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Body-Worn Temperature Sensors
                    5.2.3.2 Food Safety Management
           5.2.4 Challenges
                    5.2.4.1 Stringent Performance Requirements of Advanced Sensor Applications
                    5.2.4.2 Continual Price Reductions and Stiff Competition Among Manufacturers

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
           6.3.1 Ethernet-Based Temperature Sensors
           6.3.2 Temperature-Sensing Films/Tags

7 Temperature Sensor Market, By Product Type (Page No. - 43)
    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 Sensor
    7.8 Fiber Optic Temperature Sensor

8 Market, By End-Use Application (Page No. - 63)
    8.1 Introduction
    8.2 Process End-Use Application
           8.2.1 Chemical and Petrochemical
           8.2.2 Oil and Gas
           8.2.3 Advanced Fuels
           8.2.4 Metal
           8.2.5 Energy and Power
           8.2.6 Food and Beverages
           8.2.7 Glass
           8.2.8 Plastics
           8.2.9 Refining
           8.2.10 Others
    8.3 Non-Process End-Use Application
           8.3.1 Electrical and Electronics
           8.3.2 HVAC
           8.3.3 Healthcare
           8.3.4 Automotive
           8.3.5 Aerospace & Defense

9 Geographic Analysis (Page No. - 102)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Spain
           9.3.5 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Rest of APAC
    9.5 RoW
           9.5.1 South America
           9.5.2 Middle East
           9.5.3 Africa

10 Competitive Landscape (Page No. - 119)
     10.1 Overview
     10.2 Competitive Scenario
     10.3 Competitive Leadership Mapping, 2017
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Companies
     10.4 Competitive Leadership Mapping
     10.5 Business Strategy Excellence
     10.6 Strength of Product Portfolio

Top 25 Companies Analyzed for This Study are - ABB Limited (Switzerland), Analog Devices Inc. (US), Honeywell International Inc. (US), Maxim Integrated Products Inc. (US), Siemens (Germany), TE Connectivity (Switzerland), Texas Instruments Inc. (US), Amphenol Corporation (US), Bosch (Germany), Conax (Norway), Delphi (US), Emerson Electric Corporation (US), Microchip Technology (US), NXP Semiconductors N.V. (Netherlands), on Semiconductor Corporation (US), Panasonic Corporation (Japan), Stmicroelectronics (Switzerland), Gunther (Germany), Total Temperature Instrumation (US), Omega Engineering Inc. (US), Acdelco (US), Dorman (US), Global Mixed Mode Technology Inc. (Taiwan), Kongsberg Gruppen. (Norway), Integrated Device Technology Inc. (US)

11 Company Profiles (Page No. - 125)
(Business Overview, Products Offered, Strength of Product Portfolio & Business Strategy Excellence, Key Relationships, Recent Developments)*
     11.1 Introduction
     11.2 ABB Limited
     11.3 Amphenol Corporation
     11.4 Analog Devices, Inc.
     11.5 Global Mixed Mode Technology, Inc.
     11.6 Honeywell International Inc.
     11.7 Integrated Device Technology Inc.
     11.8 Kongsberg Gruppen
     11.9 Maxim Integrated Products Inc.
     11.10 Microchip Technology Inc.
     11.11 NXP Semiconductors N.V.
     11.12 On Semiconductor Corporation
     11.13 Siemens
     11.14 Stmicroelectronics N.V.
     11.15 TE Connectivity Ltd.
     11.16 Texas Instruments Inc.
     11.17 Key Innovators
             11.17.1 Blue Semiconductors
             11.17.2 Gόnther GmbH Temperaturmesstechnik
             11.17.3 Omega Engineering

*Details on Business Overview, Products Offered, Strength of Product Portfolio & Business Strategy Excellence, Key Relationships, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 172)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (64 Tables)

Table 1 Temperature Sensor Market, 2014–2023 (USD Million and Million Units)
Table 2 Major Product Type Characteristics
Table 3 Temperature Sensor Market, By Product Type, 2014–2023 (USD Million)
Table 4 Temperature Sensor Market, By Product Type, 2014–2023 (Million Units)
Table 5 Market for Bimetallic Temperature Sensors, By Process End-Use Application, 2014–2023 (USD Million)
Table 6 Market for Bimetallic Temperature Sensors, By Non-Process End-Use Application, 2014–2023 (USD Million)
Table 7 Market for Temperature Sensor ICs, By Process End-Use Application, 2014–2023 (USD Million)
Table 8 Market for Temperature Sensor ICs, By Non-Process End-Use Application, 2013–2022 (USD Million)
Table 9 Market for Thermistors, By Process End-Use Application, 2014–2023 (USD Million)
Table 10 Market for Thermistors, By Non-Process End-Use Application, 2014–2023 (USD Million)
Table 11 Market for Resistive Temperature Detectors, By Process End-Use Application, 2014–2023 (USD Million)
Table 12 Market for Resistive Temperature Detectors, By Non-Process End-Use Application, 2014–2023 (USD Million)
Table 13 Common Types of Thermocouples
Table 14 Market for Thermocouples, By Process End-Use Application, 2014–2023 (USD Million)
Table 15 Market for Thermocouples, By Non-Process End-Use Application, 2014–2023 (USD Million)
Table 16 Market for Infrared Temperature Sensors, By Process End-Use Application, 2014–2023 (USD Million)
Table 17 Market for Infrared Temperature Sensors, By Non-Process End-Use Application, 2014–2023 (USD Million)
Table 18 Market for Fiber Optic Temperature Sensors, By Process End-Use Application, 2014–2023 (USD Million)
Table 19 Market for Fiber Optic Temperature Sensors, By Non-Process End-Use Application, 2014–2023 (USD Million)
Table 20 Temperature Sensor Market, By End-Use Application, 2014–2023 (USD Million)
Table 21 Temperature Sensor Market, By Process End-Use Application, 2014–2023 (USD Million)
Table 22 Temperature Sensor Market for Chemical and Petrochemical Application, By Product Type, 2014–2023 (USD Million)
Table 23 Temperature Sensor Market for Chemical and Petrochemical Application, By Region, 2014–2023 (USD Million)
Table 24 Temperature Sensor Market for Oil and Gas Application, By Product Type, 2014–2023 (USD Million)
Table 25 Temperature Sensor Market for Oil and Gas Application, By Region, 2014–2023 (USD Million)
Table 26 Temperature Sensor Market for Advanced Fuels Application, By Product Type, 2014–2023 (USD Million)
Table 27 Temperature Sensor Market for Advanced Fuels Application, By Region, 2014–2023 (USD Million)
Table 28 Temperature Sensor Market for Metal Application, By Product Type, 2014–2023 (USD Million)
Table 29 Temperature Sensor Market for Metal Application, By Region, 2014–2023 (USD Million)
Table 30 Temperature Sensor Market for Energy and Power Application, By Product Type, 2014–2023 (USD Million)
Table 31 Temperature Sensor Market for Energy and Power Application, By Region, 2014–2023 (USD Million)
Table 32 Temperature Sensor Market for Food and Beverages Application, By Product Type, 2014–2023 (USD Million)
Table 33 Temperature Sensor Market for Food and Beverages Application, By Region, 2014–2023 (USD Million)
Table 34 Temperature Sensor Market for Food and Beverages Transportation Application, By Type, 2014–2023 (USD Million)
Table 35 Temperature Sensor Market for Glass Application, By Product Type, 2014–2023 (USD Million)
Table 36 Temperature Sensor Market for Glass Application, By Region, 2014–2023 (USD Million)
Table 37 Temperature Sensor Market for Plastics Application, By Product Type, 2014–2023 (USD Million)
Table 38 Temperature Sensor Market for Plastics Application, By Region, 2014–2023 (USD Million)
Table 39 Temperature Sensor Market for Refining Application, By Product Type, 2014–2023 (USD Million)
Table 40 Temperature Sensor Market for Refining Application, By Region, 2014–2023 (USD Million)
Table 41 Temperature Sensor Market for Other Applications, By Product Type, 2014–2023 (USD Million)
Table 42 Temperature Sensor Market for Other Applications, By Region, 2014–2023 (USD Million)
Table 43 Temperature Sensor Market, By Non-Process End-Use Application, 2014–2023 (USD Million)
Table 44 Temperature Sensor Market for Electrical and Electronics, By Product Type, 2014–2023 (USD Million)
Table 45 Temperature Sensor Market for Electrical and Electronics Application, By Region, 2014–2023 (USD Million)
Table 46 Temperature Sensor Market for Computing Electrical and Electronics Application, By Product Type, 2014–2023 (USD Million)
Table 47 Temperature Sensor Market for Noncomputing Electrical and Electronics Application, By Product Type, 2014–2023 (USD Million)
Table 48 Temperature Sensor Market for HVAC Application, By Product Type, 2014–2023 (USD Million)
Table 49 Temperature Sensor Market for HVAC Application, By Region, 2014–2023 (USD Million)
Table 50 Temperature Sensor Market for Healthcare Application, By Product Type, 2014–2023 (USD Million)
Table 51 Temperature Sensor Market for Healthcare Application, By Region, 2014–2023 (USD Million)
Table 52 Temperature Sensor Market for Automotive Application, By Product Type, 2014–2023 (USD Million)
Table 53 Temperature Sensor Market for Automotive Application, By Region, 2014–2023 (USD Million)
Table 54 Temperature Sensor Market for Aerospace and Defense Application, By Product Type, 2014–2023 (USD Million)
Table 55 Temperature Sensor Market for Aerospace and Defense Application, By Region, 2014–2023 (USD Million)
Table 56 Temperature Sensor Market, By Region, 2014–2023 (USD Million)
Table 57 Temperature Sensor Market in North America, By Country, 2014–2023 (USD Million)
Table 58 Temperature Sensor Market in North America, By End-Use Application, 2014–2023 (USD Million)
Table 59 Temperature Sensor Market in Europe, By Country, 2014–2023 (USD Million)
Table 60 Temperature Sensor Market in Europe, By End-Use Application, 2014–2023 (USD Million)
Table 61 Temperature Sensor Market in APAC, By Country, 2014–2023 (USD Million)
Table 62 Temperature Sensor Market in APAC, By End-Use Application, 2014–2023 (USD Million)
Table 63 Temperature Sensor Market in RoW, By Region, 2014–2023 (USD Million)
Table 64 Temperature Sensor Market in RoW, By End-Use Application, 2014–2023 (USD Million)


List of Figures (88 Figures)

Figure 1 Temperature Sensor Market Segmentation
Figure 2 Temperature Sensor Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation
Figure 6 Assumptions
Figure 7 Thermocouple Expected to Hold Largest Share of Temperature Sensor Market During Forecast Period
Figure 8 Market for Temperature Sensor IC Expected to Grow at Highest CAGR During Forecast Period
Figure 9 Temperature Sensor Market, By Process End-Use Application
Figure 10 Temperature Sensor Market, By Non-Process End-Use Application
Figure 11 Temperature Sensor Market, By Region (2016)
Figure 12 Growing Adoption of Temperature Sensors in Automotive and Medical Applications Expected to Drive Temperature Sensor Market
Figure 13 Thermocouple Expected to Hold Major Market Share Between 2017 and 2023
Figure 14 Market for Food and Beverages Expected to Grow at Highest CAGR
Figure 15 Electrical and Electronics Expected to Hold Largest Market Share During Forecast Period
Figure 16 Chemical and Petrochemical Held Largest Market Share in 2016
Figure 17 Temperature Sensor Market in APAC Expected to Grow at Highest CAGR Between 2017 and 2023
Figure 18 China Expected to Grow at Highest CAGR in Temperature Sensor Market in APAC During Forecast Period
Figure 19 Value Chain Analysis of Temperature Sensor Market
Figure 20 Inclination Toward Electromechanical Measuring—Leading Trend Among Key Market Players
Figure 21 Temperature Sensor Market, By Product Type
Figure 22 Thermocouples to Hold the Largest Size of the Temperature Sensor Market By 2023
Figure 23 Working of Bimetallic Temperature Sensors
Figure 24 Market for Bimetallic Temperature Sensors for Food & Beverages Applications to Grow at the Highest Rate Between 2017 and 2023
Figure 25 Chemical & Petrochemical Applications to Hold the Largest Size of the Market for Temperature Sensor ICs By 2023
Figure 26 2–Wire Temperature Sensor IC
Figure 27 Chemical & Petrochemical Applications to Hold the Largest Size of the Market for Thermistors By 2023
Figure 28 Chemical & Petrochemical Applications to Hold A Major Share of the Market for Resistive Temperature Detectors By 2023
Figure 29 Market for Thermocouples for HVAC Applications to Grow at the Highest Rate Between 2017 and 2023
Figure 30 Working of Infrared Sensors
Figure 31 HVAC Applications to Dominate the Market for Infrared Temperature Sensors During the Forecast Period
Figure 32 Energy & Power to Dominate the Market for Fiber Optic Temperature Sensors During the Forecast Period
Figure 33 Temperature Sensor Market for Non-Process End-Use Application Likely to Grow at Highest CAGR Between 2017 and 2023
Figure 34 Temperature Sensor Market, By Process End-Use Application
Figure 35 Chemical and Petrochemical Application Expected to Lead Temperature Sensor Market Between 2017 and 2023
Figure 36 Thermocouple Estimated to Lead Temperature Sensor Market for Chemical and Petrochemical Application Between 2017 and 2023
Figure 37 APAC Led Temperature Sensor Market for Chemical and Petrochemical Application (2016)
Figure 38 Market for Temperature Sensor IC Likely to Grow at Highest CAGR Between 2017 and 2023
Figure 39 Thermocouple Expected to Hold Major Share of Temperature Sensor Market for Advanced Fuels Application Till 2023
Figure 40 Thermocouple Expected to Hold Major Share of Temperature Sensor Market for Metal Application Till 2023
Figure 41 APAC Led Temperature Sensor Market for Metal Application in 2016
Figure 42 Thermocouple Anticipated to Hold Major Share of Temperature Sensor Market for Energy and Power Application Till 2023
Figure 43 Temperature Sensor Market for Thermistor Estimated to Grow at Highest CAGR Between 2017 and 2023
Figure 44 Temperature Sensor Market for Food and Beverages Application in APAC Expected to Grow at Highest CAGR (2017–2023)
Figure 45 Thermocouple Temperature Sensors Likely to Hold the Largest Share of Temperature Sensor Market for Glass Application Between 2017 and 2023
Figure 46 Temperature Sensor Market for Thermistor Estimated to Grow at Highest CAGR Between 2017 and 2023
Figure 47 APAC Anticipated to Lead Temperature Sensor Market for Plastics Application Till 2023
Figure 48 Market for Temperature Sensor IC Likely to Grow at Highest CAGR Between 2017 and 2023
Figure 49 North America Led Temperature Sensor Market for Other Applications in 2016
Figure 50 Temperature Sensor Market, By Non-Process End-Use Application
Figure 51 Temperature Sensor Market for HVAC Application Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 52 Temperature Sensor IC Expected to Hold the Largest Size of the Temperature Sensor Market for Electrical and Electronics Application By 2023
Figure 53 Temperature Sensor Market in APAC for Electrical and Electronics Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 54 Noncomputing Segment Expected to Lead Temperature Sensor Market for Electrical and Electronics Application Between 2017 and 2023
Figure 55 Temperature Sensor IC Expected to Dominate the Market for HVAC Application Between 2017 and 2023
Figure 56 Fiber Optic Temperature Sensor Market for Healthcare Application to Grow at the Highest CAGR Between 2017 and 2023
Figure 57 North America Expected to Hold the Largest Size of the Temperature Sensor Market for Healthcare Application By 2023
Figure 58 Thermocouple Expected to Hold the Largest Size of the Temperature Sensor Market for Automotive Application By 2023
Figure 59 APAC Held the Largest Share of the Temperature Sensor Market for Automotive Application in 2016
Figure 60 Temperature Sensor IC Market for Aerospace and Defense Application to Grow at the Highest CAGR Between 2017 and 2023
Figure 61 North America and Europe Were the Top Two Temperature Sensor Markets for Aerospace and Defense Application in 2016
Figure 62 Geographic Snapshot of Temperature Sensor Market (2017–2023)
Figure 63 North America: Temperature Sensor Market Snapshot
Figure 64 US Expected to Lead North American Temperature Sensor Market Till 2023
Figure 65 Europe: Temperature Sensor Market Snapshot
Figure 66 Germany Expected to Lead European Temperature Sensor Market Till 2023
Figure 67 APAC: Temperature Sensor Market Snapshot
Figure 68 China Expected to Lead Temperature Sensor Market in APAC Till 2023
Figure 69 RoW: Temperature Sensor Market Snapshot
Figure 70 Middle East Expected to Lead Temperature Sensor Market in RoW Till 2023
Figure 71 Companies in the Temperature Sensor Market Adopted Product Launches as the Key Growth Strategy Between January 2014 and March 2017
Figure 72 Temperature Sensor Market Evaluation Framework
Figure 73 Growth Strategy Analysis
Figure 74 ABB Limited: Company Snapshot
Figure 75 Amphenol Corporation: Company Snapshot
Figure 76 Analog Devices Inc.: Company Snapshot
Figure 77 Global Mixed Mode Technology, Inc.: Company Snapshot
Figure 78 Honeywell International Inc.: Company Snapshot
Figure 79 Integrated Device Technology Inc.: Company Snapshot
Figure 80 Kongsberg Gruppen: Company Snapshot
Figure 81 Maxim Integrated Products Inc.: Company Snapshot
Figure 82 Microchip Technology Inc.: Company Snapshot
Figure 83 NXP Semiconductors N.V.: Company Snapshot
Figure 84 On Semiconductor Corporation: Company Snapshot
Figure 85 Siemens: Company Snapshot
Figure 86 Stmicroelectronics: Company Snapshot
Figure 87 TE Connectivity: Company Snapshot
Figure 88 Texas Instruments Inc.: Company Snapshot

The temperature sensors market was valued at USD 4.99 Billion in 2016 and is expected to reach USD 6.86 Billion by 2023, at a CAGR of 4.5% between 2017 and 2023. The major factors driving the growth of this market include increasing demand for advanced and portable healthcare equipment, growing automotive industry, and increasing trend of home and building automation.

This report segments the temperature sensors market on the basis of product type, end-use application, and geography. The chemicals and petrochemicals industries are likely to hold major shares of the temperature sensors market for process end-use applications by 2023. Temperature sensors are used in applications such as gas flow indicators, liquid level indicators, commercial vending machines, pipeline and temperature monitoring, and welding equipment. With the highly mature oil market and stiff competition amongst players, there is an increasing demand for lean manufacturing and process optimization, which can only be achieved by replacing obsolete technologies. The replacement demand for temperature sensors will drive the market for these applications.

The temperature sensors market for HVAC is expected to grow at a high rate between 2017 and 2023. This market growth can be attributed to the rising trend of home and building automation. Temperature sensor is one of the vital components of HVAC systems; it helps to control and monitor temperature and in increasing the efficiency of HVAC systems. Thermocouples and temperature sensor ICs are commonly used HVAC systems because of their wide compatibility and robustness.

Thermocouples accounted for the largest market size among all the temperature sensor products owing to their wide applications across process and non-process industries. Low cost and broad operating range make thermocouples an ideal choice for a majority of applications. Additionally, thermocouples are being used to generate electricity. The advance applications of thermocouples as a temperature sensing component also include aviation systems.

The market for temperature sensor ICs expected to grow at a significant rate between 2017 and 2023. This market growth can be attributed to the increasing demand for consumer goods and the rising trend of healthcare and fitness products. Accuracy, compact size, and low power consumption are a few properties that make the use of temperature sensor ICs feasible in various applications. ICs that are capable of integrating with ASIC are the new trend in temperature sensors market; development of such products can provide players with a competitive advantage over their competitors.

The temperature sensors market for the energy & power industry is expected to grow at a high rate between 2017 and 2023. This market growth can be attributed to the rapidly growing population and increasing demand for energy and power in emerging economies such as China, India, and Brazil.

The temperature sensors market in APAC is expected to grow at a high rate in the coming years. This market growth can be attributed to the increasing demand for chemicals, petrochemicals, and refinery plants in APAC. The increasing number of R&D activities in various Asian countries is also contributing to the growth of the temperature sensors market in APAC.

Temperature Sensor Market

Saturation in personal computers (PCs) has significantly impacted the temperature sensors market. Temperature sensors are used in personal computers to measure the temperature of CPUs, motherboards, and power management systems. The reduction in sales of PCs because of increasing popularity of tablets and mobile phones is impacting the growth of the temperature sensors market adversely.

The key players in this market are ABB Limited (Switzerland), Analog Devices Inc. (US), Emerson Electric Corporation (US), Maxim Integrated Products Inc. (US), Siemens (Germany), TE Connectivity (Switzerland), and Texas instruments Inc. (US)

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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  • Thermistors
  • RTD
  • Thermocouple
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