LONDON--(BUSINESS WIRE)--The worldwide market for temperature sensors is projected to reach USD 4.5 billion by 2018-end. The growth will be driven by the petrochemicals industry given the extensive use of these sensors in many industrial and mechanical processes. The emerging opportunities in developing markets will contribute to the market growth as well. There will be a shift to non-contact temperature sensors, particularly infrared sensors for corrosive and high-temperature applications. The demand for microelectromechanical-based sensors will also grow. Besides, there will be growth in smart temperature sensors, which can output a digital code to industrial information systems.
Europe represents the largest regional market for temperature sensors, but the debt crisis in the region is softening domestic markets and thus sensor demand while putting pressure on global growth. The key reason for poor growth in Europe is a set of challenges being faced by the European petrochemical industry. The Asia-Pacific forms the fastest-growing regional market, with sales anticipated to grow at over 9% CAGR up to 2018.
In-demand research report “Temperature Sensors: Market Research Report” elaborated by Global Industry Analysts (GIA) analyses the market for temperature sensors worldwide, with separate comprehensive analytics for the US, Canada, Japan, Europe, the Asia-Pacific, Latin America, and RoW offered as well. The study provides annual estimates and forecasts for the period 2010 through 2018; besides including a six-year historic analysis for these markets. The report is supplemented with elaborate profiles of 312 key and niche industry participants (including divisions/subsidiaries – 420).
Title: Temperature Sensors: Market Research Report
Published: March, 2013
Price: US$ 4,950.00
I.INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study reliability and reporting limitations
Data interpretation & reporting level
Quantitative techniques & analytics
Product definitions and scope of study
II. EXECUTIVE SUMMARY
1.SENSOR INDUSTRY: AN INTRODUCTORY PRELUDE
Table 1. World Market for Sensors (2012): Percentage Share Breakdown of Dollar Sales By Product Type (includes corresponding Graph/Chart)
Industry Consolidation: A Perennial Trend
Distribution Plays a Pivotal Role
E-Commerce and Sensor Distribution
Advanced Technologies Involved in Sensors Market
Microelectromechanical Systems (MEMS)
Fiber Optic Technology
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