Temperature sensing has become more and more important thanks to high demand for temperature sensors. Many companies invest heavily in R&D activities to develop new technologies and enhance temperature sensor functionality. The global market for temperature sensor has been largely affected by the applications of temperature sensors in the food and beverage and oil and gas industries.
There is high demand of temperature sensor from food and beverage industry, where the sensors are used for quality control of products. The precise control of specific temperatures reduces the chance of low quality and contamination of food. And temperature sensors can monitor the temperature of the food and send alerts if there is a deviation from the set temperature rage.
Besides, the temperature sensors are also frequently used in the oil and gas industry. The temperature sensors used can help prevent the machine from operating at danger level.
In this research report for temperature sensor market, the analysts have discussed factors like the growing demand for contactless temperature sensors which are going to fuel the growth of temperature sensor market in the coming years. Comprehensive market research studies carried out by the analysts at Technavio have shown that the global temperature sensor market will grow at a CAGR of more than 4% until 2020.
More information can be found at: Technavio.