Lucintel Forecasts Temperature Sensor Market To Grow At A Cagr Of 4% To 6% From 2020 To 2025

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According to the recent study the temperature sensor market is projected to grow at a CAGR of 4% to 6% from 2020 to 2025. Growth in this market is primarily driven by growing demand for temperature sensors in the automotive industry and increasing use of temperature sensors in advanced and portable healthcare equipment.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in temperature sensor market by product type (thermistor, resistance temperature detector (RTD), thermocouple, temperature sensor IC, infrared temperature sensors, and others), output (analog and digital), end use industry (automotive, electronics, chemical, aerospace, oil & gas, and healthcare, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/temperature-sensor-market.aspx

“Chemicals market is expected to remain the largest segment during the forecast period.”
Based on end use industry, the temperature sensor ...
... market is segmented into automotive, electronics, chemical, aerospace, oil & gas, and healthcare, and others. Lucintel forecasts that the chemicals market is expected to remain the largest segment due to temperature sensors play an important role in the chemicals end-user industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors for temperature monitoring and control.
“Asia pacific will dominate the temperature sensor market in near future.”
APAC is expected to witness the highest growth over the forecast period due to growth of the automotive industry and growth in industrialization across the region.
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Major players of temperature sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Honeywell, TE Connectivity, Texas Instruments, Siemens, ABB, Emerson, and Infineon are among the major temperature sensor providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/temperature-sensor-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

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Lucintel
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