Global Fiber Optic Temperature Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fiber Optic Temperature Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Fiber Optic Temperature Sensor market finds that the global Fiber Optic Temperature Sensor market reached a value of USD 389.96 million in 2022. It’s expected that the market will achieve USD 619.17 million by 2028, exhibiting a CAGR of 8.01% during the forecast period.

Drivers

With the rapid economic growth in the Asia-Pacific region, industrialization is developing rapidly. As the largest economy in the Asia-Pacific region, China has developed metallurgy, oil and gas, the power industry, and urbanization in the past 40 years. In recent years, China's petrochemical industry has generally enjoyed stable production, stable market supply and demand, better-than-expected growth in major economic indicators, and overall industry continued to benefit. Happening. In 2018, the total output of crude oil and natural gas was 334 million tons (oil equivalent), a year-on-year increase of 2.4%. In addition, metallurgy is the foundation of national economic construction, which symbolizes the strength of the country and the level of industrial development, and provides materials and products required by the chemical industry, transportation, construction, aerospace industry, defense industry and other industries. In these industries, temperature sensors are critical. The advantages of fiber optic temperature sensor's insulation, anti-electromagnetic interference, and high voltage resistance play an important role in these industries.

Opportunities and Development Trends

Fiber optic sensors are immune to EMI (electromagnetic interference) and RFI (radio frequency interference) interference. Safe and suitable for use in extreme vibration and harsh environments. Resistant to high temperature and corrosive environments. Light weight and compact size. Can be used in Medical Industry, Food Industry, Hydropower Station, Metallurgical Industry and other industries. In addition, construction, aerospace industry can also use this equipment. It can measure almost all physical quantities, such as temperature, pressure, flow, Liquid level, displacement, vibration, rotation, magnetic field, electric field, acceleration, force, radiation, pH, humidity, strain, speed, etc. Therefore, High Performance and Large downstream applications will bring more opportunities to the fiber optic sensor market.

Region Overview:

United States had the highest growth rate of all regions.

Company Overview:

LumaSense Technologies is one of the major players operating in the Fiber Optic Temperature Sensor market, holding a share of 4.43% in 2019.

LumaSense Technologies, Inc. provides temperature and gas sensing solutions. The Company designs and manufactures sensors for end-user and original equipment manufacturer applications including fiber optic temperature sensors, radiometric thermal imagers, and gas analyzers. LumaSense Technologies serves energy, medical, and clean-tech industries worldwide.

HBM Test and Measurement is the technology and market leader and offers products and services for an extensive range of measurement applications in many industries.

Users worldwide rely on the perfectly matched components of the complete measurement chain that guarantees maximum accuracy of measurement results and enables optimization of the complete product life cycle: from the development through the testing stages, as well as in manufacturing and production.

HBM's product range covers sensors, transducers, strain gauges, amplifiers and data acquisition systems as well as software for structural durability investigations, tests and analysis. The potential fields of application can be found in every branch of engineering and industry in both virtual and physical test and measurement.

Segmentation Overview:

Among different product types, Distributed Optical Fiber Temperature Sensor segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Medical Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fiber Optic Temperature Sensor market covered in Chapter 3:

FBGS Technologies GmbH
Optocon AG
OZ Optics
Althen Sensors & Controls
OSENSA
LumaSense Technologies
EFS
FISO Technologies
Opsens
Geokon
Micronor
SCAIME
HBM

In Chapter 4 and Chapter 14.2, on the basis of types, the Fiber Optic Temperature Sensor market from 2018 to 2029 is primarily split into:

Distributed Optical Fiber Temperature Sensor
Point Fiber Optic Temperature Sensor

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fiber Optic Temperature Sensor market from 2018 to 2029 covers:

Medical Industry
Food Industry
Hydropower Station
Metallurgical Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)