Global Temperature Sensors Market is expected to worth $4.51 Billion by 2016

Temperature is required to be measured accurately for various purposes in many industries. We can say that temperature is the most important and therefore most monitored parameter in any industry. Temperature sensors play a vital role to a variety of everyday products like household ovens, refrigerators, thermostats all depend on temperature maintenance and control in order to function properly. Both contact-technology and non-contact-technology based temperature sensors are deployed in industrial applications. The industrial applications may range from simple temperature sensing to critical applications in nuclear power, metal manufacturing and aerospace. Temperature is the most crucial parameter in every conceivable end-user industries like refining, metals, plastics, and food and beverages. Temperature sensors also have applications in chemical engineering to maintain temperature of a reaction for safety reasons plus to maintain the temperature of a chemical reactor at the ideal set-point.

According to a market research report by MarketsandMarkets, the market size of temperature sensors is expected to reach $4.51 billion units by 2016 from $3.27 billion in 2010, at an estimated CAGR of 5.6%. In terms of volume, the unit shipment for temperature sensors is expected to reach 3.54 billion units by 2016, at an estimated CAGR of 10%from 2011 to 2016.

                          Source: http://www.thermometricscorp.com/

Temperature sensors and transmitters have attained importance due to the high level of safety they provide, accuracy of measurement, and capability to measure from cryogenic to very high temperatures. Temperature sensing is more of a dynamic measurement; therefore, the sensing instrument has to be extremely precise in detecting and interpreting the right signal. The market for temperature sensors is evolving. Temperature sensors mainly utilize digital technology, which means these are better in efficiency and sensing performance. Temperature sensors have a significant place in different industry verticals like petrochemical industry, automotive industry, consumer electronics industry, metal industries, food and beverages industry, and healthcare.

The petrochemical segment is the largest application segment for temperature sensors, 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 micro technology and nanotechnology, offering opportunities like miniaturization, low power consumption, mass production, etc. 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.