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World Temperature Sensors and Transmitters Markets
Frost & Sullivan, May 2006
This Frost & Sullivan research service titled World Temperature Sensors and Transmitters Markets provides a detailed analysis on the various temperature sensors and transmitters that cater to a number of end-user segments. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets/applications/technologies: thermocouples, resistance temperature detectors (RTDs), thermistors, infrared sensors, IC temperature sensors and transmitters. The markets covered include oil and gas, chemical and petrochemical, metals, automotive, telecommunication, food and beverage, medical, and personal computing.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By End User Vertical:
- Oil and gas
- Chemical and petrochemical
- Personal computing
- Metals
- Automotive
- Medical
- Food and beverage
Technologies
The following technologies are covered in this research:
- Thermocouples
- Resistance temperature detectors
- Infrared sensors
- Thermistors
- IC temperature sensors
- Temperature transmitters
Market Overview
Requirements for Energy and Production Efficiency in Newly Industrialized Nations Heat up Demand for Temperature Sensors and Transmitters
The temperature sensors and transmitters market is expected to find conducive growth environments in regions such as Asia, Eastern Europe, and Latin America that have growing economies. Since considerable importance is placed on measurement and controlling his parameter, temperature sensors will find application in almost every industry, especially in countries that are looking to expand industrialization. Moreover, greater foreign direct investment, falling trade barriers, upgrades of existing facilities, and low labor costs are likely to encourage higher investment in these countries, thereby creating demand for temperature sensors. Greater automation among both local and multinational companies is expected to drive the market significantly.
In fact, economic reasons are likely to take precedence over technological developments in driving the temperature sensors and transmitters market, says the analyst of this research service. This is because temperature-sensing technologies have been accepted as a standard for certain applications and very little technological development is taking place in these segments. Certain market segments such as thermistors, infrared sensors, and integrated circuit (IC) temperature sensors are expected to grow faster than the others.
Advances in End-user Markets Accelerates Uptake of Temperature Sensors
Success in the global market will be dependent on the participants’ ability to meet some unique challenges. These include identifying and capitalizing on niche segments. Manufacturers also will have to grasp dynamics such as consolidation and offshoring of production in end-user markets, while also employing successful product differentiation strategies and focusing on customer service.
Improvements across a range of industries - medical, computers, mobile phones, and automotive - that use temperature sensors have also driven the adoption of temperature sensing. These markets are set for growth over the coming years, thereby providing a source of demand for temperature sensors such as thermistors. The market for infrared sensors is also expected to grow significantly on the back of demand for non-contact sensing and also a growing market for thermal imagers.
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