Temperature Sensors Industry Trends, Capacity, Production, Analysis And Forecast, 2012-2020

Entertainment systems such as gaming consoles Blu-Ray/DVD players, and flat panel TVs, also use these devices
to enhance performance and provide better reliability. Increasing awareness and adoption of HVAC modules is
anticipated to favorably influence the global industry. Technological advancements coupled with reduction in
prices is expected to result in launch of new product applications in HVAC sector.
Lithium neonate and Lanthanum gallium silicate also known as langasite form the key raw materials of
temperature sensors that improve measurement ranges of these sensors. Silicon sensors are widely used
materials since they are easily available, cost efficient and are used to measure physical parameters including
pressure. Multi sensors are extensively used in mass applications due to their stability and thereby driving the
global temperature sensors growth rate. Rising concern towards surveillance and security is expected to propel
the demand for sensors over the next seven years. Government initiatives for safety and environmental norms
are anticipated to steer the market growth. The launch of MEMS technology in the market can be attributed as
the major opportunities for market in the future.
On the basis of product type, the global market has been segmented into Bimetallic Sensor, Sensor IC,
Thermistor (Negative and Positive Temperature Coefficient), Resistive Detector (RTD), Thermocouple, Infrared
and Fiber Optic temperature sensors. Thermocouples are expected to have the largest market share in terms of
revenue owing to its wide applications in several industries including process, metal and petrochemicals
industries, owing to quick response to temperature fluctuations, user friendliness, and simplicity. They are also
extensively used in mechanical and electrical apparatus for testing prototypes that are produced for
manufacturing.
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Thermistors are expected to witness significant growth rate over the forecast period. A thermistor is a superior
type of resistor that tends to change its physical resistance value when exposed to temperature changes. These
sensors usually constitute and made of ceramic materials including oxides of manganese, nickel, cobalt coated
in glass which makes them easily damaged. High speed of response time to minor changes in accuracy
repeatability and temperature is expected to propel the market growth of this segment.
Bimetallic temperature sensors are expected to grow at a moderate rate. These sensors are widely used to
reduce electrical power in household and offices by operating on a relay, controlling an electronic ignitor, either
a resistance heater or electrically power-driven spark producing device. North America holds the major share in
the global market owing to increasing in demand and need for temperature sensors in home weather stations,
smart homes particularly in regions such as U.S. and Canada. Increasing investment in R&D and technological
advancements can be attributed as the key factor for the market dominance in this region. Asia Pacific is
expected to witness significant growth rate owing to increasing healthcare, oil & gas and automobile sectors in
the region
Key market players are ABB Ltd., Texas Instruments Incorporated, Honeywell International, Inc. Analog Devices,
Siemens AG, Maxim Integrated Products, Inc., Other industry participants include Kongsberg Gruppen, Danaher
Corporation, Emerson Electric Company, TE Connectivity Ltd., General Electric, Panasonic Corporation,