Global Thermistor Temperature Sensors Market to Reach $1.4 Billion by 2030
The global market for Thermistor Temperature Sensors estimated at US$941 Million in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Temperature Monitoring, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$642.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Temperature Control segment is readjusted to a revised 5.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $253.7 Million, While China is Forecast to Grow at 9.2% CAGR
The Thermistor Temperature Sensors market in the U.S. is estimated at US$253.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$333.4 Million by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.Select Competitors (Total 47 Featured) -
- Honeywell International, Inc.
- Maxim Integrated Products, Inc.
- Panasonic Corporation
- Siemens AG
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Honeywell International, Inc.
- Maxim Integrated Products, Inc.
- Panasonic Corporation
- Siemens AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 226 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 941 Million |
Forecasted Market Value ( USD | $ 1400 Million |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |