Asia Pacific Temperature Sensor Market By Type (Non-Contact - Infrared, Fiber Optic; Contact - Bimetallic, Temperature Sensor IC, Thermistor, Resistive Temperature Detector, Thermocouple), Application (Chemicals, Oil & Gas, Energy & Power, Healthcare, Food & Beverages, Consumer Electronics, Aerospace & Defense, Metals & Mining)
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Market Report Description
The Asia Pacific Temperature Sensor Market size is expected to grow at a market growth of 6.2% CAGR during the forecast period. The temperature sensor market in Asia Pacific would grow at the highest CAGR during the forecast period, as the demand for consumer equipment such as healthcare electronics and white goods is significant in the region. Increasing industrial automation, especially within the automotive and food & beverages sectors, would drive the demand for temperature sensors in APAC.
Monitoring and controlling temperature is a vital part of any chemical process. Various critical and sensitive chemical processes need accurate temperature readings, and any small change in temperature may damage the processing equipment, leading to huge losses. Therefore, temperature sensors are vital in the chemical industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors to monitor and control temperature.
Based on Type, the market is segmented into Non-Contact Type and Contact Type. Non-Contact Type is further segmented into Infrared Temperature Sensor and Fiber Optic Temperature Sensor. Contact Type is further segmented into Bimetallic Temperature Sensor, Temperature Sensor IC, Thermistor, Resistive Temperature Detector, and Thermocouple. Based on Application, the market is segmented into Chemicals, Oil & Gas, Energy & Power, Healthcare, Food & Beverages, Consumer Electronics, Aerospace & Defense, Metals & Mining, and Others.
Based on Countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the Asia Pacific Temperature Sensor Market. Key companies profiled in the report include ABB Group, Siemens AG, Emerson Electric Co., Texas Instruments Incorporated, Honeywell International, Inc., Microchip Technology Incorporated, NXP Semiconductors N.V., Maxim Integrated Products, Inc., Analog Devices, Inc. and On Semiconductor.