Global Resistance Temperature Detector Market Size, Share & Industry Trends Analysis Report By Configuration Type (Three Wire, Two Wire and Four Wire), By Industry, By Material Type, By Regional Outlook and Forecast, 2022 - 2028

Global Resistance Temperature Detector Market Size, Share & Industry Trends Analysis Report By Configuration Type (Three Wire, Two Wire and Four Wire), By Industry, By Material Type, By Regional Outlook and Forecast, 2022 - 2028

The Global Resistance Temperature Detector Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 5.6% CAGR during the forecast period.

An improved temperature sensing device constructed of metal, typically platinum is a resistance temperature detector. The RTD is available as a length of fine wire that has been encircled by a ceramic or glass core made of platinum nickel or copper. The temperature is measured by the resistance temperature detector sensor using the temperature/resistance connection of the wire. The market for resistance temperature detectors is also growing rapidly due to the increased need for electronic vehicle solutions.

Resistance temperature detector demand is increasing along with the demand for heating cables, which is supported by advancing urbanization to increase OEM demand. This industry is primarily driven by the advanced temperature monitoring system in electric vehicles (EV), which is also amplifying the demand for resistance temperature detectors. In addition, it is projected that rising investments in oil and gas pipeline expansion will fuel market trends for resistance temperature detectors.

Due to the rapid use of resistance temperature detector sensor solutions throughout the automotive sector, the growth of resistance temperature detector sensor solutions has been driven. The growth of resistance temperature detector sensor solutions has been driven by the rapid adoption of next-generation, cutting-edge radio temperature detector technology in the oil, gas, and government sectors, which has furthered the expansion of the resistance temperature detector sensor market.

Rising investments in the construction of oil and gas pipelines to support the market and rising demand for heating cables are important factors that affect the growth of the resistance temperature detector market. These factors are supported by advancing urbanization, which will increase OEM demand. Furthermore, the enhanced temperature monitoring system in EVs is likely to increase demand for RTD sensors and fuel market expansion.

COVID-19 Impact Analysis

The COVID-19 outbreak has had a significant negative impact on the growth of the resistance temperature detector market due to its severe effects on major market players. The demand for resistance temperature detector sensors has decreased in 2020 due to the shutdown of production operations by end-use industries such as the automotive and heavy industrial manufacturing sectors. Along with this, a disrupted supply chain lowers supply-side sales of the target product. In contrast to this, post-pandemic demand is predicted to increase for the least expensive resistance temperature detector sensor solution.

Market Growth Factors

Growing Interest In The Internet Of Things (IoT)

Temperature sensors are becoming more and more necessary as the requirement for Internet of Things (IoT) devices rises. Furthermore, as more mobile battery-powered IoT applications are developed, there is a growing demand for RTD sensors due to their flexibility and extremely low power requirements. The demand for air conditioners with IoT capabilities is also greatly increasing the demand for sophisticated RTDs for adjusting the compressor and room temperature. As a result, the market for digital RTD sensors is being significantly driven by the growing need for IoT platforms. The install base for IoT devices is expected to increase.

Rising Consumer Electronics Demand As Well As Expanding Temperature Sensor

The accuracy, low energy consumption, long-term stability, and durability of the sensors in monitoring temperature are the main factors driving the worldwide RTD market. Furthermore, the automotive sector is seeing an increase in demand for RDP sensors for use in Advanced Driving Assistance Systems (ADAS) to enhance the security of both vehicles as well as passengers. Vehicle engines work at high temperatures; in these circumstances, thermal management is required to protect the vehicle and its occupants.

Market Restraining Factors

Obstacles Associated With the Design of Rtds

The designing of resistance temperature detectors is mostly preventing RTDs from becoming more commonly used. The design of RTDs is usually complex and necessitates attributes like stability, precision, and sensitivity. These sensors rely heavily on monitoring solutions in order to retain these features. Thus, in order to solve the design difficulties with the RTDs, this monitoring solution demands a highly skilled crew. RTDs can measure temperature accurately only if it does not fluctuate significantly. As a result, they can be applied to processes and reactions that have a repeatable steady-state.

Material Type Outlook

By material type, the resistance temperature detector market is divided into platinum, nickel, copper and others. In 2021, the automotive industry segment covered a substantial revenue share in the resistance temperature detectors market. A passive market transition is currently occurring in the automotive industry. The growth of the automotive industry is being attributed to the emergence of the sharing economy and new alliances with disruptive tech firms. The temperature of the liquids and gases in a vehicle is sensed by the RTD sensors built into the vehicle.

Configuration Type Outlook

Based on configuration type, the resistance temperature detector market is segmented into two wire, three wire and four wire. The four-wire segment generated a significant revenue share in the resistance temperature detector market in 2021. This is obviously the most sophisticated solution, and this is reflected in its price as well. They are mostly applied in lab settings where high accuracy is necessary. This circuit is useful because it can correct inaccuracies brought on by longer wire lengths between the measuring element and the measurement electronics.

Industry Outlook

On the basis of industry, the resistance temperature detector market is fragmented into food processing, automotive, chemical, consumer electronics and others. The nickel segment acquired a substantial revenue share in the resistance temperature detector market in 2021. The corrosion resistance of nickel resistance temperature detector sensors is good, and they are less expensive than platinum. The temperature of the Nickel range for nickel is only -80 to +260°C. These factors are expected to result in rising demand for nickel RTDs.

Regional Outlook

Region-wise, the resistance temperature detector market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region accounted the maximum revenue share in the resistance temperature detector market. The U.S. in particular continues to play a prominent role in the resistance temperature detector sensor market. Major businesses and government agencies in the nation are heavily investing in technology. Due to the robust industrial and food processing sectors in this region, particularly in chamber applications, where temperature (cold) is typically the only parameter monitored, the North American region has a sizable share of the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., ABB Group, STMicroelectronics N.V., Panasonic Corporation, Emerson Electric Co., Analog Devices, Inc., NXP Semiconductors N.V., Microchip Technology, Inc., Spectris PLC (Omega Engineering), and Kongsberg Group.

Scope of the Study

Market Segments covered in the Report:

By Configuration Type

  • Three Wire
  • Two Wire
  • Four Wire
By Industry
  • Consumer Electronics
  • Automotive
  • Food Processing
  • Chemical
  • Others
By Material Type
  • Platinum
  • Nickel
  • Copper
  • Others
By Geography
  • North America
US

Canada

Mexico

Rest of North America
  • Europe
Germany

UK

France

Russia

Spain

Italy

Rest of Europe
  • Asia Pacific
China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific
  • LAMEA
Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled
  • General Electric (GE) Co.
  • ABB Group
  • STMicroelectronics N.V.
  • Panasonic Corporation
  • Emerson Electric Co.
  • Analog Devices, Inc.
  • NXP Semiconductors N.V.
  • Microchip Technology, Inc.
  • Spectris PLC (Omega Engineering)
  • Kongsberg Group
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Resistance Temperature Detector Market, by Configuration Type
1.4.2 Global Resistance Temperature Detector Market, by Industry
1.4.3 Global Resistance Temperature Detector Market, by Material Type
1.4.4 Global Resistance Temperature Detector Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Resistance Temperature Detector Market by Configuration Type
3.1 Global Three Wire Market by Region
3.2 Global Two Wire Market by Region
3.3 Global Four Wire Market by Region
Chapter 4. Global Resistance Temperature Detector Market by Industry
4.1 Global Consumer Electronics Market by Region
4.2 Global Automotive Market by Region
4.3 Global Food Processing Market by Region
4.4 Global Chemical Market by Region
4.5 Global Others Market by Region
Chapter 5. Global Resistance Temperature Detector Market by Material Type
5.1 Global Platinum Market by Region
5.2 Global Nickel Market by Region
5.3 Global Copper Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Resistance Temperature Detector Market by Region
6.1 North America Resistance Temperature Detector Market
6.1.1 North America Resistance Temperature Detector Market by Configuration Type
6.1.1.1 North America Three Wire Market by Country
6.1.1.2 North America Two Wire Market by Country
6.1.1.3 North America Four Wire Market by Country
6.1.2 North America Resistance Temperature Detector Market by Industry
6.1.2.1 North America Consumer Electronics Market by Country
6.1.2.2 North America Automotive Market by Country
6.1.2.3 North America Food Processing Market by Country
6.1.2.4 North America Chemical Market by Country
6.1.2.5 North America Others Market by Country
6.1.3 North America Resistance Temperature Detector Market by Material Type
6.1.3.1 North America Platinum Market by Country
6.1.3.2 North America Nickel Market by Country
6.1.3.3 North America Copper Market by Country
6.1.3.4 North America Others Market by Country
6.1.4 North America Resistance Temperature Detector Market by Country
6.1.4.1 US Resistance Temperature Detector Market
6.1.4.1.1 US Resistance Temperature Detector Market by Configuration Type
6.1.4.1.2 US Resistance Temperature Detector Market by Industry
6.1.4.1.3 US Resistance Temperature Detector Market by Material Type
6.1.4.2 Canada Resistance Temperature Detector Market
6.1.4.2.1 Canada Resistance Temperature Detector Market by Configuration Type
6.1.4.2.2 Canada Resistance Temperature Detector Market by Industry
6.1.4.2.3 Canada Resistance Temperature Detector Market by Material Type
6.1.4.3 Mexico Resistance Temperature Detector Market
6.1.4.3.1 Mexico Resistance Temperature Detector Market by Configuration Type
6.1.4.3.2 Mexico Resistance Temperature Detector Market by Industry
6.1.4.3.3 Mexico Resistance Temperature Detector Market by Material Type
6.1.4.4 Rest of North America Resistance Temperature Detector Market
6.1.4.4.1 Rest of North America Resistance Temperature Detector Market by Configuration Type
6.1.4.4.2 Rest of North America Resistance Temperature Detector Market by Industry
6.1.4.4.3 Rest of North America Resistance Temperature Detector Market by Material Type
6.2 Europe Resistance Temperature Detector Market
6.2.1 Europe Resistance Temperature Detector Market by Configuration Type
6.2.1.1 Europe Three Wire Market by Country
6.2.1.2 Europe Two Wire Market by Country
6.2.1.3 Europe Four Wire Market by Country
6.2.2 Europe Resistance Temperature Detector Market by Industry
6.2.2.1 Europe Consumer Electronics Market by Country
6.2.2.2 Europe Automotive Market by Country
6.2.2.3 Europe Food Processing Market by Country
6.2.2.4 Europe Chemical Market by Country
6.2.2.5 Europe Others Market by Country
6.2.3 Europe Resistance Temperature Detector Market by Material Type
6.2.3.1 Europe Platinum Market by Country
6.2.3.2 Europe Nickel Market by Country
6.2.3.3 Europe Copper Market by Country
6.2.3.4 Europe Others Market by Country
6.2.4 Europe Resistance Temperature Detector Market by Country
6.2.4.1 Germany Resistance Temperature Detector Market
6.2.4.1.1 Germany Resistance Temperature Detector Market by Configuration Type
6.2.4.1.2 Germany Resistance Temperature Detector Market by Industry
6.2.4.1.3 Germany Resistance Temperature Detector Market by Material Type
6.2.4.2 UK Resistance Temperature Detector Market
6.2.4.2.1 UK Resistance Temperature Detector Market by Configuration Type
6.2.4.2.2 UK Resistance Temperature Detector Market by Industry
6.2.4.2.3 UK Resistance Temperature Detector Market by Material Type
6.2.4.3 France Resistance Temperature Detector Market
6.2.4.3.1 France Resistance Temperature Detector Market by Configuration Type
6.2.4.3.2 France Resistance Temperature Detector Market by Industry
6.2.4.3.3 France Resistance Temperature Detector Market by Material Type
6.2.4.4 Russia Resistance Temperature Detector Market
6.2.4.4.1 Russia Resistance Temperature Detector Market by Configuration Type
6.2.4.4.2 Russia Resistance Temperature Detector Market by Industry
6.2.4.4.3 Russia Resistance Temperature Detector Market by Material Type
6.2.4.5 Spain Resistance Temperature Detector Market
6.2.4.5.1 Spain Resistance Temperature Detector Market by Configuration Type
6.2.4.5.2 Spain Resistance Temperature Detector Market by Industry
6.2.4.5.3 Spain Resistance Temperature Detector Market by Material Type
6.2.4.6 Italy Resistance Temperature Detector Market
6.2.4.6.1 Italy Resistance Temperature Detector Market by Configuration Type
6.2.4.6.2 Italy Resistance Temperature Detector Market by Industry
6.2.4.6.3 Italy Resistance Temperature Detector Market by Material Type
6.2.4.7 Rest of Europe Resistance Temperature Detector Market
6.2.4.7.1 Rest of Europe Resistance Temperature Detector Market by Configuration Type
6.2.4.7.2 Rest of Europe Resistance Temperature Detector Market by Industry
6.2.4.7.3 Rest of Europe Resistance Temperature Detector Market by Material Type
6.3 Asia Pacific Resistance Temperature Detector Market
6.3.1 Asia Pacific Resistance Temperature Detector Market by Configuration Type
6.3.1.1 Asia Pacific Three Wire Market by Country
6.3.1.2 Asia Pacific Two Wire Market by Country
6.3.1.3 Asia Pacific Four Wire Market by Country
6.3.2 Asia Pacific Resistance Temperature Detector Market by Industry
6.3.2.1 Asia Pacific Consumer Electronics Market by Country
6.3.2.2 Asia Pacific Automotive Market by Country
6.3.2.3 Asia Pacific Food Processing Market by Country
6.3.2.4 Asia Pacific Chemical Market by Country
6.3.2.5 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Resistance Temperature Detector Market by Material Type
6.3.3.1 Asia Pacific Platinum Market by Country
6.3.3.2 Asia Pacific Nickel Market by Country
6.3.3.3 Asia Pacific Copper Market by Country
6.3.3.4 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Resistance Temperature Detector Market by Country
6.3.4.1 China Resistance Temperature Detector Market
6.3.4.1.1 China Resistance Temperature Detector Market by Configuration Type
6.3.4.1.2 China Resistance Temperature Detector Market by Industry
6.3.4.1.3 China Resistance Temperature Detector Market by Material Type
6.3.4.2 Japan Resistance Temperature Detector Market
6.3.4.2.1 Japan Resistance Temperature Detector Market by Configuration Type
6.3.4.2.2 Japan Resistance Temperature Detector Market by Industry
6.3.4.2.3 Japan Resistance Temperature Detector Market by Material Type
6.3.4.3 India Resistance Temperature Detector Market
6.3.4.3.1 India Resistance Temperature Detector Market by Configuration Type
6.3.4.3.2 India Resistance Temperature Detector Market by Industry
6.3.4.3.3 India Resistance Temperature Detector Market by Material Type
6.3.4.4 South Korea Resistance Temperature Detector Market
6.3.4.4.1 South Korea Resistance Temperature Detector Market by Configuration Type
6.3.4.4.2 South Korea Resistance Temperature Detector Market by Industry
6.3.4.4.3 South Korea Resistance Temperature Detector Market by Material Type
6.3.4.5 Singapore Resistance Temperature Detector Market
6.3.4.5.1 Singapore Resistance Temperature Detector Market by Configuration Type
6.3.4.5.2 Singapore Resistance Temperature Detector Market by Industry
6.3.4.5.3 Singapore Resistance Temperature Detector Market by Material Type
6.3.4.6 Malaysia Resistance Temperature Detector Market
6.3.4.6.1 Malaysia Resistance Temperature Detector Market by Configuration Type
6.3.4.6.2 Malaysia Resistance Temperature Detector Market by Industry
6.3.4.6.3 Malaysia Resistance Temperature Detector Market by Material Type
6.3.4.7 Rest of Asia Pacific Resistance Temperature Detector Market
6.3.4.7.1 Rest of Asia Pacific Resistance Temperature Detector Market by Configuration Type
6.3.4.7.2 Rest of Asia Pacific Resistance Temperature Detector Market by Industry
6.3.4.7.3 Rest of Asia Pacific Resistance Temperature Detector Market by Material Type
6.4 LAMEA Resistance Temperature Detector Market
6.4.1 LAMEA Resistance Temperature Detector Market by Configuration Type
6.4.1.1 LAMEA Three Wire Market by Country
6.4.1.2 LAMEA Two Wire Market by Country
6.4.1.3 LAMEA Four Wire Market by Country
6.4.2 LAMEA Resistance Temperature Detector Market by Industry
6.4.2.1 LAMEA Consumer Electronics Market by Country
6.4.2.2 LAMEA Automotive Market by Country
6.4.2.3 LAMEA Food Processing Market by Country
6.4.2.4 LAMEA Chemical Market by Country
6.4.2.5 LAMEA Others Market by Country
6.4.3 LAMEA Resistance Temperature Detector Market by Material Type
6.4.3.1 LAMEA Platinum Market by Country
6.4.3.2 LAMEA Nickel Market by Country
6.4.3.3 LAMEA Copper Market by Country
6.4.3.4 LAMEA Others Market by Country
6.4.4 LAMEA Resistance Temperature Detector Market by Country
6.4.4.1 Brazil Resistance Temperature Detector Market
6.4.4.1.1 Brazil Resistance Temperature Detector Market by Configuration Type
6.4.4.1.2 Brazil Resistance Temperature Detector Market by Industry
6.4.4.1.3 Brazil Resistance Temperature Detector Market by Material Type
6.4.4.2 Argentina Resistance Temperature Detector Market
6.4.4.2.1 Argentina Resistance Temperature Detector Market by Configuration Type
6.4.4.2.2 Argentina Resistance Temperature Detector Market by Industry
6.4.4.2.3 Argentina Resistance Temperature Detector Market by Material Type
6.4.4.3 UAE Resistance Temperature Detector Market
6.4.4.3.1 UAE Resistance Temperature Detector Market by Configuration Type
6.4.4.3.2 UAE Resistance Temperature Detector Market by Industry
6.4.4.3.3 UAE Resistance Temperature Detector Market by Material Type
6.4.4.4 Saudi Arabia Resistance Temperature Detector Market
6.4.4.4.1 Saudi Arabia Resistance Temperature Detector Market by Configuration Type
6.4.4.4.2 Saudi Arabia Resistance Temperature Detector Market by Industry
6.4.4.4.3 Saudi Arabia Resistance Temperature Detector Market by Material Type
6.4.4.5 South Africa Resistance Temperature Detector Market
6.4.4.5.1 South Africa Resistance Temperature Detector Market by Configuration Type
6.4.4.5.2 South Africa Resistance Temperature Detector Market by Industry
6.4.4.5.3 South Africa Resistance Temperature Detector Market by Material Type
6.4.4.6 Nigeria Resistance Temperature Detector Market
6.4.4.6.1 Nigeria Resistance Temperature Detector Market by Configuration Type
6.4.4.6.2 Nigeria Resistance Temperature Detector Market by Industry
6.4.4.6.3 Nigeria Resistance Temperature Detector Market by Material Type
6.4.4.7 Rest of LAMEA Resistance Temperature Detector Market
6.4.4.7.1 Rest of LAMEA Resistance Temperature Detector Market by Configuration Type
6.4.4.7.2 Rest of LAMEA Resistance Temperature Detector Market by Industry
6.4.4.7.3 Rest of LAMEA Resistance Temperature Detector Market by Material Type
Chapter 7. Company Profiles
7.1 General Electric (GE) Co.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.1 SWOT Analysis
7.2 ABB Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 STMicroelectronics N.V.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Panasonic Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Emerson Electric Co.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 Analog Devices, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 NXP Semiconductors N.V.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Microchip Technology, Inc.
7.8.1 Company overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.9 Spectris PLC (Omega Engineering)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.10. Kongsberg Group
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis

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