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Temperature Sensors Market to Reach USD 6.86 Billion by 2023 - Key Players are ABB Limited, Analog Devices, Emerson Electric, Maxim Integrated Products, Siemens, TE Connectivity & Texas instruments - Research and MarketsThe "Temperature Sensors Market by Product Type (Bimetallic, Thermoistor, IC, RTD, Thermocouple, IR, Fiber Optics), End-Use Application (Oil & Gas, Chemical, Refining, HVAC, Automotive, Electrical, Electronics), and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering. The overall temperature sensors market is expected to be valued at USD 6.86 billion by 2023, growing at a CAGR of 4.5% between 2017 and 2023. Increasing government initiatives toward pollution control, lean manufacturing, and process control are fueling the growth of the market for temperature sensors. In addition, the trend of process monitoring and controlling is increasing in the petrochemicals sector, which is expected to boost technological advancements. A key restraining factor for the growth of the temperature sensors market is the dwindling market for personal computers. The chemicals and petrochemicals industries are likely to hold major shares of the temperature sensors market for process end-use applications by 2023. Temperature sensors are used in applications such as gas flow indicators, liquid level indicators, cmmercial vending machines, pipeline and temperature monitoring, and welding equipment. With the highly mature oil market and stiff competition amongst players, there is an increasing demand for lean manufacturing and process optimization, which can only be achieved by replacing obsolete technologies. The replacement demand for temperature sensors will drive the market for these applications. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Temperature Sensor Market, By Product Type 8 Market, By End-Use Application 9 Geographic Analysis 10 Competitive Landscape 11 Company Profiles 12 Appendix For more information about this report visit https://www.researchandmarkets.com/research/rjv3tl/temperature View source version on businesswire.com: http://www.businesswire.com/news/home/20170718005793/en/ |
