DUBLIN, February 28, 2022--(BUSINESS WIRE)--The "Global Temperature Sensor Market (2021-2026) by Type, Product Type, Output Type, End-User Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Temperature Sensor Market is estimated to be USD 5.12 Bn in 2021 and is expected to reach USD 6.57 Bn by 2026, growing at a CAGR of 5.1%.
The Global Temperature Sensor Market is driving growing demand for temperature sensors in various industries such as healthcare, chemicals, oil and gas, consumer electronics, energy & Power and automobile, etc., and home and building automation systems adoption. Also, growing focuses on security and surveillance, adoption of safe working conditions, and government initiative towards safety norms drive the market growth.
Additionally, Product features such as accuracy, durability, low power consumption help drive the market. On the other hand, lack of technical awareness and fluctuating raw material prices are the restraints and hamper growth.
Furthermore, the growing trend for wearable devices and technological advancement with better performing applications, increasing smartphone usage, and other consumer electronics can create opportunities to boost the market in the future.
The Global Temperature Sensor Market is segmented further based on Type, Product Type, Output Type, End-User Type, and Geography.
By Type, the market is classified into Wired and Wireless.
By Product Type, the market is classified into Contact and Non-Contact.
By Output Type, the market is classified into Analog and Digital.
By End-User Type, the market is classified into Chemical, Oil & Gas, Consumer Electronics, Energy & Power, Healthcare, Automotive, Metals & Mining, Food & Beverages, Pulp & Bar, Advanced Fuel, Aerospace & Defence, and Others.
By Geography, Asia Pacific is projected to lead the market.
1. Yokogawa Electric Releases OpreX Multi-Sensing Remote I/O VZ20X Analog Sensing Unit-August 31, 2021
2. OMEGA Engineering announcing the HANI Clamp-on Temperature Sensor- March 27, 2021
3. Dwyer Instrument, Inc Announced Series AT-DH3 ATEX/IECEx Approved Magnesense Differentiated Pressure Controller Product Releases -March 1, 2021
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The report offers a comprehensive evaluation of the Global Temperature Sensor Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Fluctuating Prices of Raw Material
Increasing demand for Wearable Devices
Increasing Need in Food Safety Management
GE Sensing & Inspection Technologies GmbH
For more information about this report visit https://www.researchandmarkets.com/r/bo4n5a
View source version on businesswire.com: https://www.businesswire.com/news/home/20220228005701/en/
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