The Latin America, Middle East and Africa Resistance Temperature Detector Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Metals and temperature have a fundamental link that resistance temperature detectors take advantage of. The resistance of a metal to the flow of electricity rises as its temperature rises. This implies that the electrical resistance, expressed in ohms, rises as the temperature of the RTD resistance element does. As a result, RTD elements are frequently described in terms of their resistance in ohms at absolute zero. The most popular RTD specification is 100, which means that the RTD element exhibits 100 of resistance at 0 °C.
The market for RTD sensors is being propelled by the rise in temperature sensor usage across a range of end-use sectors as well as the affordability, portability, and versatility of temperature sensors. The need for imaging diagnostics equipment and MRI machines with built-in temperature sensors is also rising significantly in the healthcare sector. As a result, it is estimated that the healthcare sector will drive the demand for resistance temperature sensors, which would increase.
Rich oil and gas industries exist in LAMEA nations such as South Africa and the GCC, which are anticipated to provide important backup plans for the expansion of the RTD market. With the assistance of an increasing number of tourists, the United Arab Emirates continues to dominate the Middle Eastern food and beverage market. Particularly, the nations like Dubai continue to draw in imported and domestically produced F&B products. The second-largest sector of the economy is food and beverage, which is important for regional economic growth and diversification in the UAE, GCC, and beyond.
The Brazil market dominated the LAMEA Resistance Temperature Detector Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $23.1 million by 2028.The Argentina market is experiencing a CAGR of 9.2% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8.3% during (2022 - 2028).
Based on Configuration Type, the market is segmented into Three Wire, Two Wire and Four Wire. Based on Industry, the market is segmented into Consumer Electronics, Automotive, Food Processing, Chemical and Others. Based on Material Type, the market is segmented into Platinum, Nickel, Copper and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Resistance Temperature Detector Market is Predict to reach $1.3 Billion by 2028, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., ABB Group, STMicroelectronics N.V., Panasonic Corporation, Emerson Electric Co., Analog Devices, Inc., NXP Semiconductors N.V., Microchip Technology, Inc., Spectris PLC (Omega Engineering), and Kongsberg Group.
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