June 15, 2020
According to a recent study titled ‘Temperature Sensor Market Size By Product, By Output, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global temperature sensor market is anticipated to experience significant growth through 2026.
Increasing application of temperature sensors across automotive, healthcare and consumer electronics sectors coupled with ongoing advancements in sensing technology are fueling the global temperature sensor market growth.
A temperature sensor is an electronic device which measures the temperature of its environment and converts the recording into electronic signals. It is also used to monitor temperature changes. Temperature sensing can be carried out by direct contact with the heating source or remotely, or with indirect contact by using radiated energy.
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Based on product terrain, contact segment includes temperature sensor ICs, resistive temperature detectors, thermistors, thermocouple, and bimetallic temperature sensor. Thermocouple segment held over 25% market share in 2019 and is poised to see modest gains in the forthcoming years. Thermocouple sensors are vital for measuring temperature in diesel engine and industrial processes. They do not require external power and work on the principle of temperature differential. The temperature difference between its two junctions, HOT end which is joined and COLD end which is open, creates EMF (electro-motive force) which can be measured and used to specify temperature.
Elaborating on the application scope, healthcare segment is slated to exhibit 6% CAGR through 2026, owing to rising demand for IR temperature sensors in healthcare monitoring systems. Extensive use of fiber optic temperature sensors to measure body temperatures particularly during treatment of RF hyperthermia or for measuring surface temperature of patients during MRI, fMRI, and electro-surgical procedure is further propelling the segmental share.
From a geographical front, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the key contributors of global temperature sensor market. As per the report, Middle East & Africa is reckoned to gain 4% market share by the year 2026, on account of the surging demand for temperature sensors from rapidly growing oil & gas industry to monitor temperature levels in highly flammable & hazardous environments.
Major players in global temperature sensor market are ams AG, Amphenol Advanced Sensors, ABLIC Inc., Dwyer Instruments, Inc., Analog Devices, Inc., Emerson Electric Co., Honeywell International Inc., Hans Turck GmbH & Co. KG, Ifm electronic GmbH, Littelfuse, Inc., Kongsberrg Maritime, Maxim Integrated, Murata Manufacturing Co., Ltd., and Microchip Technology Inc. among others.