Positive global economic conditions, robust growth in emerging economies in Asia, Eastern Europe and Latin America and the need for energy and production efficiency are boosting demand for temperature sensors and transmitters. Since measurement and controlling this parameter is important in many industries, overall economic growth leads to an increase in demand for temperature sensors.
New analysis from Frost & Sullivan World Temperature Sensors and Transmitters Markets, reveals that the market was worth $2.93 billion in 2005 and expects to reach $4.50 billion in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the World Temperature Sensors and Transmitters Markets, then send an e-mail to Tori Foster, Corporate Communications, at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
Higher foreign direct investment, falling trade barriers, upgrades of existing facilities and low labor costs are expected to encourage higher investment in newly industrialized nations, creating demand for temperature sensors. Greater automation among both local and multinational companies is expected to drive the market.
“In fact, economic reasons are likely to take precedence over technological developments in driving the temperature sensors and transmitters market. 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,” says Frost & Sullivan Research Analyst Prashanth Venkatesh.
Certain market segments such as thermistors, infrared sensors and integrated circuit (IC) temperature sensors are anticipated to grow faster than the others. However, overall growth may run into some barriers in regions such as Western Europe, where price competition and market maturity could discourage growth of this market.
Success in the global market will be dependent on the participants’ ability to identify and capitalize on niche segments. Manufacturers also 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.
Also, improvements across a range of industries – medical, computers, mobile phones and automotive – that use temperature sensors have also driven the market for temperature sensors.
The World Temperature Sensors and Transmitters Markets provides a detailed analysis of the various temperature sensors and transmitters that cater to a number of end-user segments including oil and gas, chemical and petrochemical, metals, automotive, telecommunication, food and beverage, medical and personal computing. In this research, Frost & Sullivan analysts thoroughly examine thermocouples, resistance temperature detectors (RTDs), thermistors, infrared sensors, IC temperature sensors and transmitters. Analyst interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
World Temperature Sensors and Transmitters Markets