Temperature is one of the most monitored parameters in a system, and plays a major role in hazardous or critical applications. Temperature sensing has been gaining importance, particularly in R&D and industrial settings, giving rise to high demand for temperature sensors. Companies operating in the market have been investing heavily in research and development activities in order to develop and enhance temperature sensor functionality. Increasing adoption of HVAC modules is expected to favorably impact the global industry. Temperature sensors are an integral part of these modules, and are used in monitoring refrigerant temperatures as well as in climate control units. Furthermore, technological advancement and reduced prices have resulted in introduction of new applications in the HVAC space.
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Maturity of key end-use applications, as well as strong competition between technologies is expected to restrain the market to a certain extent over the next six years. Emergence of microelectromechanical systems (MEMS) in temperature sensing is expected to present opportunities for growth to market participant in the coming years.
This research report provides comprehensive market statistics and forecast for key segments, and provides complete industry landscape including drivers, restraints, regulatory scenario, technology trends and future opportunities. The report also provides detailed competitive landscape with company market share analysis and in-depth profiles of key market participants. Key regional markets analyzed and reported in this study include:
- North America
- Asia Pacific
Critical elements of the report include:
- Industry dynamics
- Market challenges and opportunities
- Technology & regulatory trends
- Market estimate and forecast
- Regional trends
- Competitive trends
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