Thermistor Temperature Sensor Market to Witness Growth Acceleration by 2031
Thermistor Temperature Sensor Market to Witness Growth Acceleration by 2031
Blog Article
Thermistor temperature sensor market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). The market’s growth is attributed to the increase in the automotive industry across the globe. The combination of the increasing integration of electronic systems and the desire for improved accuracy and dependability in vehicle components, the automotive sector is the primary motivation for thermistor temperature sensors. The NTCLE350E4 is in complying with this trend, satisfying the severe standards of temperature monitoring in automobiles. For instance, in February 2021, Vishay Intertechnology has launched new AEC-Q200 qualified NTC thermistor with PEEK-insulated, nickel-iron (NiFe) leads and a low thermal gradient. The NTCLE350E4 is a high-temperature, high-accuracy thermistor intended for automobiles. The lowest thermal conductivity is provided by its Nife alloy conductor wire, rendering it perfect for engine sensors, HVAC, oil temperature sensors, transmission systems, and EGR systems.
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The global thermistor temperature sensor market is segmented on the type, and end user. Based on the type, the market is sub-segmented into positive temperature coefficient, and negative temperature coefficient. Furthermore, based on the end-user, the market is sub-segmented into chemical and petrochemical, power generation, metal and mining, automotive, oil and gas, food and beverage, life sciences, aerospace and military, HVAC, and others. The automotive subcategory is expected to capture a significant portion of the market share within the end-user segment. The growth can be attributed to the automotive industry's demand for these sensors is rapidly increasing owing to the increasing demand for accurately identifying the temperature of a vehicle's petroleum, coolant, and air level to ensure optimal performance.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Thermistor Temperature Sensor Market Report Segment
By Type
- Positive Temperature Coefficient (PTC)
- Negative Temperature Coefficient (NTC)
By End User
- Chemical and Petrochemical
- Power Generation
- Metal and Mining
- Automotive
- Oil and Gas
- Food and Beverage
- Life Sciences
- Aerospace and Military
- HVAC(Heating, Ventilation, Air Conditioning, and Refrigeration) Systems
- Others (Entertainment and Gaming Industry, Semiconductor and Renewable Energy Sector)
Global Thermistor Temperature Sensor Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermistor temperature sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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