According to a new report, published by KBV research, The Global Temperature Sensor Market size is expected to reach $11 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,10,852.4 thousand units, experiencing a growth of 5.6% (2019-2022).
The Contact segment is leading the Global Temperature Sensor Market by Type in 2022 thereby, achieving a market value of $7 billion by 2030. Contact temperature sensors provide direct contact with the object or medium, allowing for accurate and precise temperature measurements. This direct contact minimizes potential errors associated with factors like emissivity variations in non-contact sensors. Many industrial control systems are designed to work seamlessly with contact temperature sensors. This compatibility allows straightforward integration into existing control and monitoring systems, facilitating efficient temperature regulation in industrial processes.
The Chemical segment is experiencing a CAGR of 6.4% during (2023 - 2030). Temperature sensors contribute to quality control by monitoring and verifying temperature conditions at various stages of production. This helps ensure that chemical products meet specified quality standards. Temperature sensors are integrated into safety systems to monitor critical temperatures and trigger alarms or shutdowns in the event of abnormal conditions. This is crucial for preventing accidents, protecting equipment, and ensuring personnel safety. Temperature sensors play a role in batch and continuous processing in the chemicals industry. They ensure temperatures are maintained within specified ranges for consistent and high-quality production.
Full Report: https://www.kbvresearch.com/temperature-sensor-market/
The Asia Pacific region dominated the Global Temperature Sensor Market by Region in 2022 thereby, achieving a market value of $4.2 billion by 2030, growing at a CAGR of 6.5 % during the forecast period. The Europe region would witness a CAGR of 5.6% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 5.4% during (2023 - 2030).
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
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