Sharp Surge Predicted in Temperature Sensors Sales in Asia-Pacific (APAC) During 2020—2030

1. Sharp Surge Predicted in Temperature Sensors Sales in Asia-Pacific (APAC) During 2020—2030 The growing requirement for temperature sensors in the automotive industry is a major factor responsible for their soaring sales across the world. These devices are used in the automotive industry for measuring the temperature of various liquids, gases, and systems embedded within a vehicle to ensure their proper functioning. Out of the different vehicular components, these sensors are extensively used in the HVAC (heating, ventilation, and air conditioning) systems. Furthermore, the ballooning sales of vehicles, especially in the various Asia-Pacific (APAC) nations such as South Korea, India, and China is causing a sharp rise in the demand for temperature sensors. Get https://www.psmarketresearch.com/market-analysis/temperature-sensor-market/report- sample the Sample Copy of this Report @ Apart from being widely used in the automotive industry, temperature sensors are also extensively used in smartphones. As a result, the increasing usage of smartphones is an important factor fueling the demand for temperature sensors across the world. In addition to this, the rising integration of temperature sensors in portable and advanced healthcare devices is massively boosting their sales all over the globe. Moreover, the growing adoption of automation systems in residential buildings is also pushing up the requirement for temperature sensors across the globe. Thus, with the growing usage of temperature sensors in multiple sectors, the valuation of the global ​temperature sensor market​ will surge from $6.9 billion to $11.1 billion from 2019 to 2030. Further, the market will demonstrate a CAGR of 4.4% between 2020 and 2030, as per the estimates of P&S Intelligence, a market research firm based in India. Thermocouples, thermistors, temperature IC, resistance temperature detectors (RTDs), optical sensors, wireless sensors, and infrared sensors are the major types of temperature sensors used throughout the world. Out of these temperature sensors, the usage of the RTDs was observed to be the highest during the past few years, mainly because of their high stability and their ability to provide extremely accurate temperature readings. However, despite these factors, the utilization of thermistors will rise sharply in the future years on account of the various advantages offered by these sensors over the other variants such as high sensitivity, low cost, quicker response rate, ease of use, and greater flexibility. Additionally, these sensors have small sizes, which make them very suitable for use in a variety of applications.

2. Automotive and aerospace, consumer electronics, petrochemical and oil & gas, food and beverage, utilities, pharmaceuticals, industrial, environmental, and education sectors are the major end users of the temperature sensors. Amongst these, the adoption of these sensors was found to be the highest in the automotive and aerospace sector in the past. This is credited to the presence of strict government policies in many countries that made the integration of temperature sensors mandatory in vehicles to increase the efficiency of the vehicle, especially with regards to fuel consumption. research, metals and mining, However, in the near future, the food and beverage sector will register the fastest growth in the usage of temperature sensors. This is because of the increasing requirement for these sensors for the temperature monitoring of food items and beverages at various stages such as storage, quality checks, processing, and shipment. Furthermore, these sensors are used for monitoring the temperature of the processing machines used in the food and beverage sector. Make https://www.psmarketresearch.com/send-enquiry?enquiry-url=temperature-sensor-mar ket Enquiry Before Purchase @ Geographically, the Asia-Pacific (APAC) temperature sensor market was the most lucrative in the past and this trend is predicted to continue over the coming years as well. This is attributed to the rapidly rising popularity of processed food items, the flourishing automotive industry, and rapid urbanization in various APAC countries. In this region,

3. the usage of temperature sensors is currently being observed to be the highest in China, which is also the second-largest user of these devices in the world, after the U.S. Therefore, it is clear that the sales of temperature sensors will rise drastically throughout the world in the upcoming years, on account of the growing usage of these sensors in the automotive and food and beverage sectors and various healthcare equipment.