Last updated on April 16, 2014 at 7:25 EDT

MarketsandMarkets: Global Temperature Sensors Market Worth $4.51 Billion by 2016

February 29, 2012

DALLAS, February 29, 2012 /PRNewswire/ –

According to a new market research report “Temperature Sensor Market, A Study of major
Sensor types (ICs, Thermostat, Thermistor, Resistive Temperature Detectors (RTDs),
Thermocouple) & Applications, Global Forecast & Analysis 2011 – 2016″ published by
MarketsandMarkets (http://www.marketsandmarkets.com), the market size of temperature
sensors in the year 2010 was $3.27 billion and is expected to reach $4.51 billion units by
2016, at an estimated CAGR of 5.6%. In terms of volume, the unit shipment for temperature
sensors was 2.02 billion units in the year 2010 and is expected to reach 3.54 billion
units by 2016, at an estimated CAGR of 10%from 2011 to 2016.

Browse 70 tables and in-depth TOC on “Temperature Sensor Market, A Study of major
Sensor types (ICs, Thermostat, Thermistor, Resistive Temperature Detectors (RTDs),
Thermocouple) & Applications, Global Forecast & Analysis 2011 -2016″

Early buyers will receive 10% customization on reports.

The need for temperature sensors is evolving and this section is continuously climbing
up the success ladder. Temperature sensors mainly utilize digital technology, which means
better in efficiency and sensing performance. Temperature sensors have a significant place
in different industry verticals. The major applications of temperature sensors are in
petrochemical industry, automotive industry, consumer electronics industry, metal
industries, food and beverages industry, and healthcare. The largest application segment
for temperature sensors is the petrochemical segment, together with related process
applications. The electronics segment follows as the second largest application segment
for temperature sensors. In the automotive industry, the temperature sensors are improving
passengers comfort, engine’s efficiency, and performance. The demand for reliable, high
performance and low cost sensors is increasing leading to the development of
microtechnology and nanotechnology, offering opportunities like miniaturization, low power
consumption, mass production, etc. New temperature sensors such as the IR temperature
sensor offer several key advantages. They allow contactless and consequently
corrosion-free measurement of temperature. These devices have gained immense popularity in
food and beverage industry and chemical segment.

Global temperature sensor market [
http://www.marketsandmarkets.com/Market-Reports/temperature-sensor-market-522.html ]
size is estimated to grow with CAGR of 5.6%. Temperature sensors are used for two
purposes. The first is as a warning system, typically on two-way catalytic converters such
as are still sometimes used on LPG forklifts. The function of the sensor is to warn of
catalytic converter temperature above the safe limit of 750degree(s)C (1,380 F).
More-recent catalytic-converter designs are not as susceptible to temperature damage and
can withstand sustained temperatures of 900degree(s)C (1,650degree(s)F). Temperature
sensors are also used to monitor catalyst functioning – usually two sensors will be
fitted, with one before the catalyst and one after to monitor the temperature rise over
the catalytic-converter core. For every 1% of CO in the exhaust gas stream, the exhaust
gas temperature will rise by 100degree(s)C.

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Source: PR Newswire