Global Thermistor Temperature Sensors Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during a forecast period.
Global Thermistor Temperature Sensors Market
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Global Thermistor Temperature Sensors Market, Dynamics:
A trend of automation has been identified as one of the prominent trends in the end user industries. The consumption of thermistor temperature sensors are growing at a rapid rate across all the verticals that are expected to influence the demand for thermistors. The demand for thermistors are dominated by NTC thermistors with high-volume ceramic semiconductor manufacturing. An introduction of the innovating technologies in healthcare sector across the major economies and the demand for thermistors in the applications like smart patient monitoring systems are impelling the growth of the global thermistor temperature sensors market. On the other hand, the fluctuating raw materials prices are expected to limit the global thermistor temperature sensors market during the forecast period.
Global Thermistor Temperature Sensors Market, Segment Analysis:
The NTC thermistors are expected to grow at a XX% rate of CAGR during the forecast period. The NTC thermistors are ceramic semiconductors, which are manufactured from various metal oxides. The NTC Sensors offer economical, reliable, and accurate solutions for applications, which require more extensive sensing that is expected to increase its adoption. The thermistor temperature sensors market is dominated by the NTC type, which has a share of about 70%, and a positive temperature coefficient sensor has a share of about 30%. The demand for portable communication appliances are pushing upwards the demand for NTC thermistors. NTC Thermistors are a suitable alternative to semiconductor circuitry for resolving temperature-related problems.
The automotive segment is expected to contribute XX% share in the global thermistor temperature sensors market. Temperature sensors have commonplace in several automotive applications, which helps to enable the enhancement of automotive systems. The ongoing trends to increase the systems performance and efficiencies of the automotive vehicles are expected to increase the demand for thermistor temperature sensors.
Global Thermistor Temperature Sensors Market, Regional Analysis:
The Asia Pacific led the global thermistor temperature sensors market in 2019 and is expected to grow at a CAGR of xx% during the forecast period. The region is expected to offer the most promising opportunities for key players during the forecast period, thanks to a rapid expansion of the semiconductor and electronics and the manufacturing industries. The expansion of the commercial sector is driving the demand for HVAC systems. The growth in the adoption of HVAC systems are expected to increase the demand for thermistor temperature sensors.
Global Thermistor Temperature Sensors Market, Competitive Analysis:
The thermistor temperature sensors are shown a high demand in the coming years because of the technological advancement in the automotive industry. Key Players operating in the market are increasingly developing specific solutions to meet the end-user demand. For instance, in 2020, Texas Instruments has expanded its temperature sensing portfolio by introducing linear thermistors that offer up to 50% higher accuracy over NTC thermistors. It is one of the smallest linear thermistors, which are commercially available in the global thermistor temperature sensors market.
The objective of the report is to present a comprehensive analysis of the Global Energy Retrofit Systems Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Thermistor Temperature Sensors Market dynamics, structure by analyzing the market segments and projects the Global Thermistor Temperature Sensors Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Thermistor Temperature Sensors Market make the report investor’s guide.
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Scope of the Global Thermistor Temperature Sensors Market
Global Thermistor Temperature Sensors Market, By Type
• Negative Temperature Coefficient (NTC)
• Positive Temperature Coefficient (PTC) PTC
Global Thermistor Temperature Sensors Market, By Application
• Temperature Monitoring
• Temperature Control
Global Thermistor Temperature Sensors Market, By End User Industry
• Power Generation
• Metal and Mining
Global Thermistor Temperature Sensors Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Thermistor Temperature Sensors Market
• Murata Manufacturing Co. Ltd.
• QTI Sensing Solutions
• TEWA Electronics Group
• Thermo Sensros Corportaion
• Siemens Process Instrumentation
• Backer Howatt Inc.
• Sentrion Corporation
• US Sensor Corp
• Semitec USA Corp
• Sen Tech Co. Ltd.
• Shenzhen DMX Technology Co., Ltd.
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