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North America Temperature Sensors Market Report 2015-2020 - Growth, Trends & Forecasts for the $1.95 Billion IndustryDUBLIN, June 24, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/845qgz/north_america) has announced the addition of the "North America Temperature Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.  The North America temperature sensors market is expected to increase to $1.95 billion by 2018 at a CAGR of 6.45% 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 North America industry. Even the technological advancements and reduced prices have resulted in introduction of new applications in the HVAC spac. Growing demand for consumer electronics such as smartphones, cameras and media players make use of microprocessors, which is expected to boost market growth, as they have temperature sensing ICs. Mandates related to safety in North America have acted as a key driver for overall industry growth. Temperature controls are essential for manufacturing, handling and storing of medical equipment and drugs. 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. North America accounted for about 34% of the global market in 2014, the largest regional segment over the forecast period, mainly due to advancements in sensor technologies in the region. The North America Temperature Sensors Market is segmented on the basis of:
Key Topics Covered: 3. Market Overview & Dynamics 4. Introduction 5. Porter's Five Forces Analysis 6. Market Segmentation 7. Company Profiles 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/north-america-temperature-sensors-market-report-2015-2020---growth-trends--forecasts-for-the-195-billion-industry-300106102.html SOURCE Research and Markets 
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