MarketsandMarkets: Global Temperature Sensors Market Worth $4.51 Billion by 2016

DALLAS, February 29, 2012 /PRNewswire/ --

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 (http://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"
http://www.marketsandmarkets.com/Market-Reports/temperature-sensor-market-522.html
Early buyers will receive 10% customization on reports.

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 microtechnology 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 [ http://www.marketsandmarkets.com/Market-Reports/temperature-sensor-market-522.html ] 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 750°C (1,380 F). More-recent catalytic-converter designs are not as susceptible to temperature damage and can withstand sustained temperatures of 900°C (1,650°F). 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 100°C.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical, pharmaceuticals, semiconductor and electronics [ http://www.marketsandmarkets.com/semiconductorand-electonics-market-research-87.html ], and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com.

Contact:
Mr. Rohan
7557 Rambler Road,
Suite 727, Dallas, TX 75231
Tel: +1-888-6006-441
Email: [email protected]
MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/
http://twitter.com/marketsmarkets

SOURCE MarketsandMarkets