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Temperature Sensors Market Worth $6.05 Billion by 2020


News provided by

MarketsandMarkets

20 Nov, 2014, 15:30 GMT

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DALLAS, November 20, 2014 /PRNewswire/ --

According to a new market research report "Temperature Sensors Market by Type (Bimetallic, IC, Thermistor, RTD, Thermocouple, IR, Fiber Optic), Applications (Consumer, Power, Automotive, Petrochemicals, Aerospace & Defense, Healthcare, Industrial, & Utility) and Geography - Global Forecasts to 2020", published by MarketsandMarkets, the total market for temperature sensors is expected to reach $6.05 Billion by 2020, growing at a CAGR of 5.11% between 2014 and 2020.

Browse 67 market data Tables and 50 Figures spread through 160 Pages and in-depth TOC on "Temperature Sensors Market". 

http://www.marketsandmarkets.com/Market-Reports/temperature-sensor-market-522.html

Early buyers will receive 10% customization on this report. 

The demand for temperature sensors is growing. The major applications comprise consumer electronics, power generation, automotive, petrochemical, aerospace and defense, healthcare along with, industrial and utility segments. The industrial, petrochemical and consumer electronics segments are the highest contributors to the Temperature Sensors Market.

With the advent of new types of temperature sensors which use nanotechnology and micro technology enabling contactless and accurate measurement of temperature, the cost of temperature sensors has been declining. The market is expected to grow in the emerging economies, while the developed markets are expected to continue investing in more efficient and newer technologies which can measure temperature with more efficiency and accuracy.

The report provides a detailed segmentation by type and application. The geographic analysis covers the existing and emerging technologies in the Temperature Sensors Market. The market based on type is segmented into Bimetallic Temperature sensors, Temperature sensor IC, Thermistor, Resistance Temperature Detector (RTD), Thermocouple, Infrared sensors, and Fiber optic sensors. The report also covers major applications such as Consumer Electronics, Power Generation, Automotive, Petrochemicals, Aerospace & Defense, Healthcare, Industrial, and Utility with qualitative and quantitative industry insights.

One of the objectives of the report was to analyze market trends for each of the Temperature Sensor Market segments and their respective growth rates. Apart from market segmentation the report also provides an in-depth analysis with regard to Porter's Five Forces and the supply chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the temperature sensor market.

Inquiry Before Buying @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=522

The market size included in the report comprises four geographic splits, namely- North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific is estimated to account for a major share in the Temperature Sensor Market and is estimated to grow at the highest rate, followed by the Rest of the World (RoW).

Some of the major companies in Temperature Sensor Market include Analog Devices, Inc. (U.S.), Honeywell International, Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Measurement Specialties (U.S.), Microchip Technology Inc. (U.S.), NXP Semiconductors (Netherlands), Panasonic Corporation (Japan), Siemens AG (Germany), STMicroelectronics (Switzerland), and Texas Instruments, Inc. (U.S.)

Browse Related Reports 

Sensor Market in Consumer Healthcare by Application (Patient Monitoring, Therapeutic, Handheld and Homecare, & Fitness and wellness), Sensor Type (Blood Pressure Sensor, Temperature Sensor, Image sensor, Heart rate sensor, Touch Sensor & Motion Sensor) & by Geography - Analysis & Forecast to 2013 - 2020

http://www.marketsandmarkets.com/Market-Reports/sensor-market-consumer-healthcare-111301095.html

Automotive Sensor Market by Product (Pressure, temperature, level, speed, MEMS, oxygen, Nox), Application (powertrain, safety & control, vehicle security, alternative fuel, telematics) and Geography - Forecast & Analysis to 2013 - 2022

http://www.marketsandmarkets.com/Market-Reports/automotive-sensors-market-426.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan

North - Dominion Plaza

17304 Preston Road

Suite 800, Dallas, TX 75252

Tel: +1-888-600-6441

Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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