DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2c9gjs/china_temperature) has announced the addition of the "China Temperature Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
The China temperature sensors market is expected to increase to $0.45 billion by 2018 at a CAGR of 7.38% over the period 2014-2020. Temperature sensing has been gaining importance, particularly in R&D and industrial settings, giving rise to high demand for temperature sensors. Companies operating in the market have been investing heavily in research and development activities in order to develop and enhance temperature sensor functionality. Increasing adoption of HVAC modules is expected to favorably impact the China industry. Even the technological advancements and reduced prices have resulted in introduction of new applications in the HVAC space.
Growing demand for consumer electronics such as smartphones, cameras and media players make use of microprocessors, which is expected to boost market growth, as they have temperature sensing ICs. Temperature controls are essential for manufacturing, handling and storing of medical equipment and drugs. They are increasingly used in communication industry with growth in handheld communication devices. Intense competition and significant price cuts may restrain the temperature sensors market over the forecast period. China is estimated to account for a major share of 27% in the Asia Pacific Temperature Sensor Market in 2014 and is estimated to grow at the second highest rate. China, being one of the major hubs for refineries, chemical and petrochemical processing plants, and metals & mining and manufacturing, is experiencing an increase in demand for industrial temperature sensors.
The China Temperature Sensors Market is segmented on the basis of
- Type (Bimetallic Sensor, Thermistor Sensors, RTD, Thermocouple Sensors, IR Sensors, Fiber Optic Sensors, and Others)
- Industry (Consumer Electronics, Power Generation, Automotive, Petrochemical, Aerospace & Defense, Healthcare, Industrial, and Others)
Key Topics Covered
- Key Findings
- Market Overview & Dynamics
- Porter's Five Forces Analysis
- Market Segmentation
- Company Profiles
- Investment Analysis
- Future of Temperature Sensors Market
For more information visit http://www.researchandmarkets.com/research/2c9gjs/china_temperature