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Global Temperature Sensor Market to Grow at a CAGR of 4.87% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Temperature Sensor Market 2016 - 2020” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 06/01/2016 -- Report forecast the global temperature sensor market to grow at a CAGR of 4.87% during the period 2016-2020.

A temperature sensor is a device used to measure the degree of heat of an object by using electrical signals. The sensors are made of electrical conducting materials. When electric voltage is passed through the conductor, the conducting material generates some amount of resistance, which varies with the change in the temperature of the conductor. The change in temperature corresponds to the resistance. This change is recorded and converted into a temperature reading.

Temperature sensors are mostly of two types: contact and contactless. Contact temperature sensors include thermocouples, thermistors, and resistance temperature detectors, while contactless temperature sensors include infrared sensors.

The report covers the present scenario and the growth prospects of the global temperature sensor market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of temperature sensors to the following segments:

- Oil and gas
- Automotive
- Food and beverage
- Heating, ventilating, and air conditioning (HVAC)
- Consumer electronics
- Others (aerospace and defense, pulp and paper, and medical)

The market is divided into the following segments based on geography:
- APAC
- North America
- Europe

According to the report, the government and regulatory organizations of many countries are implementing safety and emission control standards, which require the installation of sensors. Automotive manufacturing companies need to comply with these safety and emission control regulations set by the authorities. This trend is expected to increase the demand for temperature sensors during the forecast period.

Further, the report states that as temperature sensors are exposed to harsh environments, they are bound to become physically damaged. They can be susceptible to moisture failure. Even high currents can heat up the sensors to an extent that they become faulty.

Global Temperature Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Temperature Sensor Market: Honeywell International Inc., Microchip Technology Inc., NXP Semiconductors N.V., Panasonic Corporation, Sensata Technologies Inc., STMicroelectronics N.V., and Texas Instruments Inc.

Other Prominent Vendors in the market are: ABB, Analog Devices, Emerson, Maxim Integrated Products, and Siemens.

Market driver
- Government regulations and vehicle emission control in automotive segment
- For a full, detailed list, view our report

Market challenge
- Continual price reductions
- For a full, detailed list, view our report

Market trend
- Growing demand for DTS
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 52 pages and 24 Exhibit "Global Temperature Sensor Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Technology landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-temperature-sensor-market-2016-2020

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Global Radio Frequency Identification Market 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-radio-frequency-identification-market-2016-2020

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