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Europe Temperature Sensors Market 2015-2020 - Growth, Trends & Forecasts for the $1.36 Billion IndustryDUBLIN, June 24, 2015 /PRNewswire/ -- Research and MarketsĀ (http://www.researchandmarkets.com/research/d4pq3l/europe) has announced the addition of the "Europe Temperature Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering. The Europe temperature sensors market is expected to increase to $1.36 billion by 2018 at a CAGR of 4.85% over the period 2014-2020 Temperature sensing has been gaining importance, particularly in R&D and industrial settings, giving rise to high demand for temperature sensors. Companies operating in the market have been investing heavily in research and development activities in order to develop and enhance temperature sensor functionality. Increasing adoption of HVAC modules is expected to favorably impact the Europe industry. Even the technological advancements and reduced prices have resulted in introduction of new applications in the HVAC space. They are increasingly used in communication industry with growth in handheld communication devices. Intense competition and significant price cuts may restrain the temperature sensors market over the forecast period. Europe accounted for about 25% of the global market in 2014, the third largest segment over the forecast period, mainly due to advancements in sensor technologies in the region. The major reason for poor growth in Europe is a set of challenges being faced by the European petrochemical industry.
Key Topics Covered: 3. Market Overview & Dynamics 4. Introduction Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/europe-temperature-sensors-market-2015-2020---growth-trends--forecasts-for-the-136-billion-industry-300106066.html SOURCE Research and Markets |