Global Temperature Sensor Market to Witness Impressive Growth, Revenue to Surge to USD 3.8 Billion By 2028

The global Temperature Sensor market accounted for USD 5.8 Billion in 2020 and is expected to reach USD 7.7 Billion by 2028, growing at a CAGR of around 3.6% between 2021 and 2028.     

The report covers forecast and analysis for the temperature sensor market on a global and regional level. The study gives historical data of the year 2014 to 2016 and forecast for 2021-2028 on the basis of revenue (USD Billion). The study includes drivers and restraints for the temperature sensor market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the temperature sensor market on a global level.

In order to provide comprehensive coverage on the temperature sensor market, we have included analysis of Porter’s Five Forces model for this market. The study includes a market attractiveness analysis, in which product, end-user and regional segments are assessed on the basis of their market size, general attractiveness, and growth rate.

The report provides company market share analysis in order to give a broader overview of the key players in the market. Additionally, the report also covers strategic developments of the market including acquisitions & mergers, and research & development, product & regional expansion, agreements, partnerships, collaborations & joint ventures, of major participants involved in the market on the global and regional level.

The study provides a decisive view on the temperature sensor market by segmenting the market based on product, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa for temperature sensor market with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for temperature sensor based on the individual segment in all the regions and countries. 

Regionally, North America has been leading the worldwide temperature sensor market and is anticipated to continue on the dominant position within the years to return. Favorable state guidelines to market the expansion of medical & healthcare sectors are the most factor behind the dominance of the North American temperature sensor market. For the record, in 2018, North America contributed quite 40% towards the general temperature sensor market share 2018. 

The report covers competitive outlook including company profiles of the key participants operating in the global market. The key players of temperature sensor market include ABB Ltd., General Electric Co., Panasonic Corp., ON Semiconductor, NXP Semiconductors N.V., Maxim Integrated Products Inc., Infineon Technologies AG, STMicroelectronics N.V., Honeywell International Inc., Microchip Technology Inc., Analog Devices Inc., Kongsberg Gruppen, Siemens and Texas Instruments Inc.

Browse the full “Temperature Sensor Market (Thermistor, Resistive Temperature Detector, Thermocouple, Infrared Temperature Sensor, Fiber Optic Temperature Sensor, Bimetallic Temperature Sensor And Others) Market For Food And Beverage, Aerospace And Defense, Chemicals, Oil & Gas, Consumer Electronics, Automotive, Healthcare And Others End-User: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/temperature-sensor-market

The global Temperature Sensor Market is segmented as follows:

By Product

• Thermistor
• Thermocouple
• Infrared Temperature Sensor
• Fiber Optic Temperature Sensor
• Resistive Temperature Detector
• Bimetallic Temperature Sensor
• Others

By End-User

• Food and Beverage
• Aerospace and Defense
• Chemicals
• Oil & Gas
• Consumer electronics
• Automotive
• Healthcare
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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