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

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

Temperature Sensors. A thermistor, or thermally sensitive resistor, is a resistor which changes resistance in response to a change in temperature. There are two basic types of thermistors: NTC, or Negative Temperature Coefficient, and PTC, or Positive Temperature Coefficient.

Market Overview:

The latest research study on the global Thermistors Temperature Sensors market finds that the global Thermistors Temperature Sensors market reached a value of USD 1490.01 million in 2022. It’s expected that the market will achieve USD 1761.61 million by 2028, exhibiting a CAGR of 2.83% during the forecast period.

Emerging and Growing Market of Thermistors Temperature Sensors

North America, Europe, China, India, South America, Middle East and Africa
In developing market, with their development of economy, inventory equipment update requirements, development of consumer electronics, growing trend in house applicants, more demand for automobiles, many local businesses emerged to the market, updating their technology and keeping on product innovation, which increased the penetration of more miniaturization, high precision, low power consumption.
In a developed market, they have more international companies, good channels, high market maturity, complete industry chain, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants investing heavily in R&D, fierce competition, all of which make a growing market demand for thermistors temperature sensors.

Opportunities

Continuous innovation, improve technology, improved product quality, smart products, intelligence, miniaturization, high precision, low power consumption will be the future trend of development.
Increase research and development, improve the supply chain system, ensure product quality and maintain competitive advantage.
With the economic growth and development and the promotion of downstream applications, such as artificial intelligence, internet of things technology and traditional industries, developing countries and regions will become a new emerging potential market.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Murata Manufacturing is one of the major players operating in the Thermistors Temperature Sensors market, holding a share of 11.21% in 2022.

Murata Manufacturing

Murata Manufacturing Co., Ltd. designs, manufactures, and sells electronic components in Japan and internationally. It offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power devices and so on.

TDK Corporation

TDK Corporation is an electronic component manufacturer. The Company's segments include Passive Components, Magnetic Application Products, Film Application Products and Other. The Passive Components segment includes the capacitors business, consisting of ceramic capacitors, aluminum electrolytic capacitors, and film capacitors, and the inductive devices business with coils and other passive components, including piezoelectric material components, circuit protection devices and sensors.

Segmentation Overview:

By type, NTC segment accounted for the largest share of market in 2021.

NTC

The NTC thermistor temperature sensor is a kind of semiconductor component product that uses the NTC thermistor as a temperature sensing element, and each component is manufactured through precision packaging technology. Resistance decreases as temperature rises. An NTC is commonly used as a temperature sensor, or in series with a circuit as an inrush current limiter.

PTC

The PTC thermistor temperature sensor is a kind of semiconductor component product that uses the NTC thermistor as a temperature sensing element, and each component is manufactured through precision packaging technology. PTC thermistors are commonly installed in series with a circuit, and used to protect against overcurrent conditions, as resettable fuses.

Application Overview:

By application, the Household Appliances segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Thermistors Temperature Sensors market covered in Chapter 3:

STMicroelectronics
Maxim Integrated Products
Siemens AG
Texas Instruments Incorporated
Honeywell International Inc.
Kongsberg Gruppen
Emerson Electric Company
Panasonic Corporation
NXP Semiconductors N.V.
General Electric
Microchip Technology Incorporated
ABB Ltd.

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

NTC
PTC

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

Household appliances
Consumer Electronics
Automotive
Petrochemical
Healthcare
Industrial

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)