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Global Temperature Sensor Market: Factors Helping to Maintain Strong Position Globally 2020-2026

More Information @ https://bit.ly/2KOG3dh <br>Temperature sensors are observing immense traction across the oil & gas sector as they play a crucial part in processes like extraction, production, refining, and distribution of oil, gases, and petrochemicals. This has compelled temperature sensor manufacturers to launch new product lineups. Citing an instance, earlier in October 2018, Crowcon released a high-temperature sensor that detects the levels of H2S across oil & gas applications in the Middle East.<br>

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Global Temperature Sensor Market: Factors Helping to Maintain Strong Position Globally 2020-2026

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  1. Global Temperature Sensor Market: Factors Helping to Maintain Strong Position Globally 2020-2026

  2. Industry Overview • Accordingly, to Global Market Insights research report The temperature sensor market is anticipated to witness noteworthy growth on account of surging application across diverse electronic appliances. Th product is extensively used in microwaves, air conditioners, battery chargers, and refrigerators. Since the introduction of AI and IoT in electronic appliances, manufacturers have started to integrate these sensors into their devices to improve their product’s efficiency and usefulness by gathering real-time temperature data. • Temperature sensors are observing immense traction across the oil & gas sector as they play a crucial part in processes like extraction, production, refining, and distribution of oil, gases, and petrochemicals. This has compelled temperature sensor manufacturers to launch new product lineups. Citing an instance, earlier in October 2018, Crowcon released a high-temperature sensor that detects the levels of H2S across oil & gas applications in the Middle East.

  3. Continue… • Based on application, the temperature sensor market is bifurcated into oil & gas, chemical, healthcare, automotive, and consumer electronics. Out of these, the automotive segment is likely to embark remarkable growth, registering a compound annual growth rate of more than 3% by 2026. This growth can be attributed to the widespread adoption of thermistor contact sensors in exhaust applications and engine control units. • These sensors have robust designs and provide high-temperature sensing facility while being affordable. Shifting trends towards vehicle electrifications coupled with mounting federal norms that mandate the installation of electronic monitoring systems could strengthen the prospects of temperature sensor industry. • Notably, single-channel digital temperature sensors offer high flexibility, and features outstanding responses to low & high temperatures. Back in 2019, the segment held almost 20% of the overall market share, and is forecasted to maintain a 4% CAGR throughout the predicted timeframe. With the help of these digital outputs, the performance of temperature sensors can be adjusted as per the user-programmable internal register. Moreover, it enables an alarm output if the measuring temperature surpasses the predefined temperature output.

  4. Browse Full Market Research Report @ https://bit.ly/2KOG3dh Request for a Sample of this Research report @ https://bit.ly/2KM64tV

  5. Growth Drivers • Rising adoption in advance and portable healthcare equipment • Increasing home and building automation systems in developing nations • Rapid use of temperature sensor in industrial automation • Implementation of temperature control systems in food safety management • Burgeoning growth of data centers in Asia Pacific • Deployment of temperature sensors in space applications

  6. Continue… • Currently, TE Connectivity, Teledyne Technologies Incorporated, Amphenol Corporation, Rockwell Automation, Analog Devices, OMEGA Engineering, Texas Instruments Incorporated, Renesas Electronics Corporation, Integrated Device Technology, Inc., Honeywell International, STMicroelectronics N.V., and NXP Semiconductors N.V. are the leading firms in the global temperature sensors market

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