N.A. Leads Temperature Sensors Market Growth of 4.8% CAGR to 2020

Mar 01, 2016, 07:30 ET from ReportsnReports

PUNE, India, March 1, 2016 /PRNewswire/ --

The increasing demand from industrial end users would drive global temperature sensors market growth, wherein thermocouple-based temperature sensors are to gain maximum traction during the forecast period. North America is expected to lead the global temperature sensors market during the forecast period (2016-2022).

Complete report on global temperature sensors market spread across 202 pages, profiling 15 companies and supported with 79 tables and 107 figures is now available at http://www.reportsnreports.com/reports/149829-temperature-sensor-market-a-study-of-sensor-types-temperature-ics-thermistor-resistive-temperature-detectors-rtds-thermocouple-and-ir-sensor-applications-global-forecast-analysis-2011-2016-.html  

The temperature sensors market is expected to grow from USD 5.13 billion in 2016 to USD 6.79 billion by 2022, at estimated CAGR of 4.8% between 2016 and 2022. The temperature sensors market is primarily driven by factors such as high demand for temperature sensors among industrial end users, growing concerns toward security and surveillance, robust demand for consumer electronics products, developing automotive industry in emerging markets, and government initiatives toward environment & safety norms.

The market for thermocouple-based temperature sensors holds the largest share of this market. Furthermore, owing to the increasing demand for measuring and controlling sensors in industrial sectors on a global basis, temperature sensors devices are expected to gain traction and grow at a stable growth rate during the forecast period. The temperature sensors is expected to have a high demand from discrete industry end users such as semiconductors, automotive, and healthcare segment among others during the forecast period.

The North American market is expected to hold the major market share between 2016 and 2022 owing to the growing demand for smart homes and in-home weather stations in the U.S., rising usage of temperature sensor products by scientific research institutions for the study of environmental changes across North America, and the presence of major temperature sensors manufacturers in the region. The APAC market is expected to grow at the highest CAGR between 2016 and 2022.

The report includes company profiles of major players, recent activities in the market, new product launches, mergers & acquisitions, collaborations and partnerships, and SWOT analysis. Some of the companies profiled in this report are Texas Instruments Incorporated (U.S.), Analog Devices, Inc. (U.S.), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Kongsberg Gruppen (Norway), TE Connectivity Ltd. (U.S.), Emerson Electric Company (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (U.S.) and NXP Semiconductors N.V. (Netherlands). Order a copy of   Temperature Sensors Market by Type (Thermistor, IC, RTD, Thermocouple, & Others), End User (Process Industry (Chemical, Oil & Gas, Power and Others) & Discrete Industry (Semiconductors, Automotive and Others)) and Geography - Global Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=149829

This report segments the temperature sensors market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals, segments, and regions. The report would help stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. This report would help stakeholders to better understand the competitor and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

On a related note, another research on Light Sensors Market Global Forecast to 2022 says, the global light sensors market is estimated to grow at a CAGR of 9.3% between 2016 and 2022and is expected to reach USD 2.14 billion by 2022. Automotive applications are to gain maximum traction during the forecast period. Asia-Pacific expected to grow at a high CAGR by 2022. Companies like ams AG (Germany), Avago Technologies Inc. (Singapore), Elan Microelectronics Corp. (Taiwan), Everlight Electronics Co. (Taiwan), Heptagon (Singapore), Maxim Integrated Products Inc. (U.S.), ROHM Co., Ltd. (Japan), Sharp Corporation (Japan), Sitronix Technology Corp. (Taiwan), STMicroelectronics NV (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Vishay Intertechnology, Inc. have been profiled in this 156 pages research report available at http://www.reportsnreports.com/reports/495305-light-sensors-market-by-function-ambient-light-sensor-proximity-sensor-and-color-sensor-output-integration-application-automotive-consumer-electronics-industrial-entertainment-and-security-and-region-global-forecast-to-2022.html    

Explore more reports on Semiconductor and Electronics market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/  

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