The global thermistor temperature sensor market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing demand of industrial automation, and consumption of sensors in all industries worldwide is increasing rapidly.
Thermistor or temperature sensitive resistor is a resistor whose resistance value is related to temperature. It is a heat-sensitive solid-state transducer with two connections, made of sensitive metal oxide on the basis of semiconductors, and sintered or metalized pins on ceramic beads or disks. This design allows the product to change its resistance in proportion to small changes in temperature. The thermistor is one of the most commonly used temperature sensors.
The thermistor is more widely used because of its advantages over other types of temperature sensors as it has several advantages such as low cost, durable, and small in size, therefore they are portable. Thermocouple temperature sensors are widely used in various industries such as electronics and car manufacturer. These sensors come in many forms and have their own unique uses, such as: Integrated circuit (IC) temperature sensors used in electronic applications to detect the heat generated and turn on cooling equipment such as engine, exhaust, HVAC, and gearbox temperatures.
Market Trends, Drivers, Restraints, and Opportunities
- Rising cases of different health problems is creating demand for advanced healthcare equipment with medical sensors is expected to boost the market during the forecast period.
- Rapid growth of the petrochemical industry and technological advancement in the industry is major factors fueling the market in the coming years.
- Increasing adoption of HVAC system in automotive industry and growing application of temperature sensor in automotive is anticipated to drive the market.
- High volatility in price of sensors is expected to restrict the market growth.
- Lack of skilled labor for designing issues of temperature sensors regarding thermo wells act as major challenges that can restrict the market growth during the forecast period.
- R&D investment and technological advancement in smart home services and increasing demand for consumer electronics is projected to offer significant opportunities for the market players.
Scope of the Report
The report on the global thermistor temperature sensor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Thermistor Temperature Sensor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Positive Temperature Coefficient and Negative Temperature Coefficient), and End Users (Chemical & Petrochemical, Power Generation, Metal & Mining, Semiconductor, Automotive, Oil & Gas, Food & Beverage, Life Sciences, Aerospace & Military, HVAC, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Panasonic Corp.; Emerson Electric Company; Mitsubishi Material Corp; Texas Instruments Inc.; and Honeywell International Inc.
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Market Segment Insights
The negative temperature coefficient segment is projected to hold a major market share
Based on types, the thermistor temperature sensor market is bifurcated into positive temperature coefficient and negative temperature coefficient. The negative temperature coefficient segment is expected to represent a key share of the market during the forecast period. The negative temperature coefficient thermistor is a ceramic semiconductor made of a variety of metal oxides. Negative temperature coefficient sensors provide an inexpensive, reliable, and accurate solution for applications that require more thorough verification to increase acceptance.
The automotive segment is expected to expand at a significant pace
In terms of applications, the thermistor temperature sensor market is divided into chemical & petrochemical, power generation, metal & mining, semiconductor, automotive, oil & gas, food & beverage, life sciences, aerospace & military, HVAC, and others. The automotive segment is anticipated to hold a key share of the market during the forecast period owing to its application in the automotive industry to send signals to sensors, and now they are used to send signals to electrical controls. With the technological changes in the automotive industry, the global demand for connected and autonomous vehicles continues to grow, and suppliers are increasingly developing industry-specific solutions. For example, Texas Instruments added a linear thermistor to its temperature sensor product portfolio, which is 50% more accurate than negative temperature coefficient thermistors. It is also one of the smallest linear thermistors on the market.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the thermistor temperature coefficient market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. As many countries adopt electric vehicle solutions, the automotive landscape is changing, and the demand for thermistors in the Asia-Pacific region is growing. Among other things, shopping malls are driving demand for heating, ventilation and air conditioning systems in the area. As thermistor-based sensors become an indispensable part of HVAC applications, data centers (especially in developing countries) are driving the researched market demand. The internet data center is expected to grow in China, and its scale is 22 times that of the United States, or at least 10 times that of Japan.
Segments
Segments Covered in the Report
The global thermistor temperature sensor market has been segmented on the basis of
Types
- Positive Temperature Coefficient
- Negative Temperature Coefficient
Applications
- Chemical & Petrochemical
- Power Generation
- Metal & Mining
- Semiconductor
- Automotive
- Oil & Gas
- Food & Beverage
- Life Sciences
- Aerospace & Military
- HVAC
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Panasonic Corp.
- Emerson Electric Company
- Mitsubishi Material Corp
- Texas Instruments Inc.
- Honeywell International Inc.
Competitive Landscape
Key players competing in the thermistor temperature sensor market include Panasonic Corp.; Emerson Electric Company; Mitsubishi Material Corp; Texas Instruments Inc.; and Honeywell International Inc.
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.
