Temperature Sensors Market by Technology (Infrared, Thermocouple, Resistance Temperature Detectors, Thermistor, Temperature Transmitters, Integrated Circuit, and Fiber Optics), End-user Industry (Chemical and Petrochemical, Oil and Gas, Metal and Mining, Power Generation, Food and Beverage, Automotive, Medical, Consumer Electronics, Aerospace and Military), and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The temperature sensors market size is estimated to expand at a significant CAGR during the forecast period, 2021–2028. Growth of the market is attributed to the increasing use of HVAC modules in the automotive sector and the growing demand for temperature sensors across a variety of industrial end users.
A temperature sensor, often known as a thermocouple or RTD, is a piece of apparatus that measures temperature or heat using an electrical signal. A thermocouple senses temperature and is made up of two dissimilar metals that create an electrical voltage that is directly proportional to temperature change. The characteristics of temperature sensors such as durability, precision, and low power consumption are likely to boost the market during the forecast period. In addition, the government has issued rules governing the use of temperature sensors in applications in order to prevent overheating, which is estimated to drive the market. Furthermore, new technical advances in the petrochemical industry, as well as the use of temperature sensors in manufacturing industries and automotive applications, are expected to drive the market in the projected years.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing focus on security and surveillance is expected to propel the market during the forecast period.
- Increasing implementation of temperature sensors in the pharmaceutical industry is major factor fueling the market.
- High cost of temperature sensors is expected to hamper the market growth.
- Lack of skilled labor act as major challenge that can restrict the market expansion in the coming years.
Scope of the Report
The report on the temperature sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Temperature Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Technology (Infrared, Thermocouple, Resistance Temperature Detectors, Thermistor, Temperature Transmitters, Integrated Circuit, and Fiber Optics), End-user Industry (Chemical and Petrochemical, Oil and Gas, Metal and Mining, Power Generation, Food and Beverage, Automotive, Medical, Consumer Electronics, Aerospace and Military) |
| Geographical Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Emerson Electric Co., Texas Instruments Inc, Honeywell International Inc., ABB Ltd., and Siemens AG. |
Market Segment Insights
The infrared segment is expected to grow at a rapid pace
On the basis of technology, the temperature sensors market is divided into Infrared, thermocouple, resistance temperature detectors, thermistor, temperature transmitters, integrated circuit, and fiber optics. The infrared segment is expected to represent a key share of the market during the forecast period. IR temperature sensors can capture readings from moving objects in less than 10 milliseconds. This advantage has led to IR temperature sensors being used in a variety of industries, including industrial, defense, food processing, and automotive. IR temperature sensors have been used in a number of military applications, including optical target sighting and changeable emissivity measures, which are frequently useful in tracking operations. However, infrared temperature sensors, like all other sensors on the market, have seen a surge in demand from the industrial sector in recent years, owing to global adoption of industry 4.0 regulations. There has been a need to check temperatures on a regular basis since the emergence of the fatal disease. An infrared body temperature monitoring system for large-area detection and monitoring is useful in raising awareness and limiting the development of an outbreak. A system like this would have an effective alarm using a temperature range feature, the ability to track and raise alarms at multiple points, miss no targets, distinguish between human/animal/organic targets and other high-temperature objects, and monitor and analyze video/photographic images in real-time.
The chemical segment is anticipated to register at a rapid CAGR
On the basis of end-user industry, the temperature sensors market is fragmented into chemical and petrochemical, oil and gas, metal and mining, power generation, food and beverage, automotive, medical, consumer electronics, aerospace and military. The chemical segment is expected to represent a key share of the market during the forecast period. In the chemical end-user industry, temperature sensors are important. Temperature sensors are used to monitor and regulate temperature in processes including refining, heat tracing, cracking, and incineration, as well as systems like sanitary systems and pipe systems.
North America is expected to dominate the market
On the basis of geography, the temperature sensors market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period. Due to several manufacturers in the area spending considerably in the development and improvement of temperature sensors, North America held the major market share. Thermocouple temperature sensors, offered by Emerson Electric Co. in the region, are resilient and durable in severe industrial settings. Other firms, such as Vernier Software and Technology, sell thermocouple temperature sensors that can monitor temperatures from –200 to 1400 degrees Celsius. It can also detect flame temperatures up to 1400°C and liquid nitrogen temperatures down to -196°C.
Segments
Segments Covered in the ReportThe temperature sensors market has been segmented on the basis of
Technology
- Infrared
- Thermocouple
- Resistance Temperature Detectors
- Thermistor
- Temperature Transmitters
- Integrated Circuit
- Fiber Optics
- Chemical
- Petrochemical
- Oil and Gas
- Metal and Mining
- Power Generation
- Food and Beverage
- Automotive
- Medical
- Consumer Electronics
- Aerospace and Military
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Emerson Electric Co.
- Texas Instruments Inc
- Honeywell International Inc.
- ABB Ltd.
- Siemens AG
Competitive Landscape
- Key players competing in the temperature sensors market include Emerson Electric Co., Texas Instruments Inc, Honeywell International Inc., ABB Ltd., and Siemens AG.
- Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Temperature Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Temperature Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Temperature Sensors Market - Supply Chain
4.5. Global Temperature Sensors Market Forecast
4.5.1. Temperature Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Temperature Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Temperature Sensors Market Absolute $ Opportunity
5. Global Temperature Sensors Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Temperature Sensors Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Temperature Sensors Demand Share Forecast, 2019-2026
6. North America Temperature Sensors Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Temperature Sensors Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Temperature Sensors Demand Share Forecast, 2019-2026
7. Latin America Temperature Sensors Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Temperature Sensors Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Temperature Sensors Demand Share Forecast, 2019-2026
8. Europe Temperature Sensors Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Temperature Sensors Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Temperature Sensors Demand Share Forecast, 2019-2026
9. Asia Pacific Temperature Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Temperature Sensors Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Temperature Sensors Demand Share Forecast, 2019-2026
10. Middle East & Africa Temperature Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Temperature Sensors Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Temperature Sensors Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Temperature Sensors Market: Market Share Analysis
11.2. Temperature Sensors Distributors and Customers
11.3. Temperature Sensors Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Emerson Electric Co.
11.4.2. Texas Instruments Inc
11.4.3. Honeywell International Inc.
11.4.4. ABB Ltd.
11.4.5. Siemens AG
2. Assumptions and Acronyms Used
3. Research Methodology
4. Temperature Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Temperature Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Temperature Sensors Market - Supply Chain
4.5. Global Temperature Sensors Market Forecast
4.5.1. Temperature Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Temperature Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Temperature Sensors Market Absolute $ Opportunity
5. Global Temperature Sensors Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Temperature Sensors Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Temperature Sensors Demand Share Forecast, 2019-2026
6. North America Temperature Sensors Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Temperature Sensors Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Temperature Sensors Demand Share Forecast, 2019-2026
7. Latin America Temperature Sensors Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Temperature Sensors Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Temperature Sensors Demand Share Forecast, 2019-2026
8. Europe Temperature Sensors Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Temperature Sensors Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Temperature Sensors Demand Share Forecast, 2019-2026
9. Asia Pacific Temperature Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Temperature Sensors Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Temperature Sensors Demand Share Forecast, 2019-2026
10. Middle East & Africa Temperature Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Temperature Sensors Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Temperature Sensors Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Temperature Sensors Market: Market Share Analysis
11.2. Temperature Sensors Distributors and Customers
11.3. Temperature Sensors Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Emerson Electric Co.
11.4.2. Texas Instruments Inc
11.4.3. Honeywell International Inc.
11.4.4. ABB Ltd.
11.4.5. Siemens AG
Segments Covered in the Report
The temperature sensors market has been segmented on the basis of
Technology
The temperature sensors market has been segmented on the basis of
Technology
- Infrared
- Thermocouple
- Resistance Temperature Detectors
- Thermistor
- Temperature Transmitters
- Integrated Circuit
- Fiber Optics
- Chemical
- Petrochemical
- Oil and Gas
- Metal and Mining
- Power Generation
- Food and Beverage
- Automotive
- Medical
- Consumer Electronics
- Aerospace and Military
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Emerson Electric Co.
- Texas Instruments Inc
- Honeywell International Inc.
- ABB Ltd.
- Siemens AG
- Key players competing in the temperature sensors market include Emerson Electric Co., Texas Instruments Inc, Honeywell International Inc., ABB Ltd., and Siemens AG.
- Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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