Global Temperature Sensors Market worth $4.51 Billion by 2016

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Global Temperature Sensors Market worth $4.51 Billion by 2016

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 (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"


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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 micro technology 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 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 750C (1,380 F). More-
recent catalytic-converter designs are not as susceptible to temperature damage and can
withstand sustained temperatures of 900C (1,650F). 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 100C.
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