Global Temperature Sensor Market: Factors Helping to Maintain Strong Position Globally 2020-2026 - PowerPoint PPT Presentation

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Global Temperature Sensor Market: Factors Helping to Maintain Strong Position Globally 2020-2026

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More Information @ Temperature sensors are observing immense traction across the oil & gas sector as they play a crucial part in processes like extraction, production, refining, and distribution of oil, gases, and petrochemicals. This has compelled temperature sensor manufacturers to launch new product lineups. Citing an instance, earlier in October 2018, Crowcon released a high-temperature sensor that detects the levels of H2S across oil & gas applications in the Middle East. – PowerPoint PPT presentation

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Title: Global Temperature Sensor Market: Factors Helping to Maintain Strong Position Globally 2020-2026


1
Global Temperature Sensor Market Factors Helping
to Maintain Strong Position Globally 2020-2026
2
Industry Overview
  • Accordingly, to Global Market Insights research
    report The temperature sensor market is
    anticipated to witness noteworthy growth on
    account of surging application across diverse
    electronic appliances. Th product is extensively
    used in microwaves, air conditioners, battery
    chargers, and refrigerators. Since the
    introduction of AI and IoT in electronic
    appliances, manufacturers have started to
    integrate these sensors into their devices to
    improve their products efficiency and usefulness
    by gathering real-time temperature data.
  • Temperature sensors are observing immense
    traction across the oil gas sector as they play
    a crucial part in processes like extraction,
    production, refining, and distribution of oil,
    gases, and petrochemicals. This has compelled
    temperature sensor manufacturers to launch new
    product lineups. Citing an instance, earlier in
    October 2018, Crowcon released a high-temperature
    sensor that detects the levels of H2S across oil
    gas applications in the Middle East.

3
Continue
  • Based on application, the temperature sensor
    market is bifurcated into oil gas, chemical,
    healthcare, automotive, and consumer electronics.
    Out of these, the automotive segment is likely to
    embark remarkable growth, registering a compound
    annual growth rate of more than 3 by 2026. This
    growth can be attributed to the widespread
    adoption of thermistor contact sensors in exhaust
    applications and engine control units.
  • These sensors have robust designs and provide
    high-temperature sensing facility while being
    affordable. Shifting trends towards vehicle
    electrifications coupled with mounting federal
    norms that mandate the installation of electronic
    monitoring systems could strengthen the prospects
    of temperature sensor industry.
  • Notably, single-channel digital temperature
    sensors offer high flexibility, and features
    outstanding responses to low high temperatures.
    Back in 2019, the segment held almost 20 of the
    overall market share, and is forecasted to
    maintain a 4 CAGR throughout the predicted
    timeframe. With the help of these digital
    outputs, the performance of temperature sensors
    can be adjusted as per the user-programmable
    internal register. Moreover, it enables an alarm
    output if the measuring temperature surpasses the
    predefined temperature output.

4

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https//bit.ly/2KOG3dh Request for a
Sample of this Research report _at_
https//bit.ly/2KM64tV
5
Growth Drivers
  • Rising adoption in advance and portable
    healthcare equipment
  • Increasing home and building automation systems
    in developing nations
  • Rapid use of temperature sensor in industrial
    automation
  • Implementation of temperature control systems in
    food safety management
  • Burgeoning growth of data centers in Asia Pacific
  • Deployment of temperature sensors in space
    applications

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Continue
  • Currently, TE Connectivity, Teledyne Technologies
    Incorporated, Amphenol Corporation, Rockwell
    Automation, Analog Devices, OMEGA Engineering,
    Texas Instruments Incorporated, Renesas
    Electronics Corporation, Integrated Device
    Technology, Inc., Honeywell International,
    STMicroelectronics N.V., and NXP Semiconductors
    N.V. are the leading firms in the global
    temperature sensors market

7
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