Wireless Temperature Sensor Market to Rise at 7.2% CAGR till 2027; Increasing Number of Company Mergers and Collaborations will Bode well for Market Growth, says Fortune Business Insights™

Pune, India, April 06, 2021 (GLOBE NEWSWIRE) — The international wireless temperature sensor market dimension is projected to attain USD 3,129.8 million by the top of 2027.  The rising demand for the product is consequential to the quickly rising instances of coronavirus internationally. According to a report printed by Fortune Business Insights, titled “Wireless Temperature Sensor Market Size, Share & COVID-19 Impact Analysis, By Type (Thermocouple, Thermistor, Resistance Temperature Detector (RTD), Semiconductor Temperature Sensor, Infrared Temperature Sensor, and Others), By Channel Output (Single-channel, Multi-channel), By Technology (Wi-Fi, Bluetooth, ZigBee, Radio-frequency identification (RFID), and Others), By End-user (Healthcare, Consumer Electronics, Automotive, Aerospace and Defense, Food and Beverages, Energy and Power, Oil and Gas, Chemicals, and Others), and Regional Forecast, 2020-2027,” the market was price USD 1,816.0 million in 2019 and will exhibit a CAGR of 7.2% through the forecast interval, 2020-2027.

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Wireless temperature sensors are used to verify and monitor the temperature of any materials, human, or substance the place temperature of that specific topic is to be checked with out having to keep in touch. Technological intervention in temperature monitoring has performed an enormous position within the progress of the general market lately. Several massive scale producers are targeted on implementing superior ideas corresponding to IR sensors and warmth sensors. The use of technologically superior ideas will open up an enormous potential for the expansion of the general market within the coming years. Moreover, rising product purposes will create a large platform for progress for the businesses working within the international market. The rising purposes of wi-fi temperature sensor throughout numerous trade verticals, together with healthcare, aerospace and protection, electronics, and shopper items, will bode well for Wireless Temperature Sensor Market progress.

Surge in Wireless Temperature Sensors throughout Covid-19 to Create a Massive Platform for Manufacturers

The current coronavirus outbreak has created a way of panic internationally. The speedy unfold of the illness has compelled governments internationally to implement strict lockdowns and advise social distancing practises. Despite the truth that Covid-19 has had an adversarial impact on a number of industries, just a few companies have primarily benefited from the pandemic. Just a few companies within the healthcare sector, for occasion, have vastly benefited from the Covid-19 pandemic. It has been the same scenario for producers within the wi-fi temperature sensor market. There has been a sudden rise within the demand for these merchandise through the pandemic internationally. Wireless temperature sensor is getting used to verify the temperature of nearly all folks which are working at or go to public areas.

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Constant Product Innovations will Emerge in Favor of Market Growth

The Wireless Temperature Sensor Market report encompasses a number of components which have contributed to the expansion of the general market lately. Among all components, the rising quantity of product launches has made the best impression on the expansion of the market lately. Accounting to the large demand for wi-fi sensors internationally, a number of corporations are specializing in modern merchandise with the purpose of protecting a wider shopper space. The use of technologically superior merchandise will assist chase away the competitors in an in any other case aggressive market. In May 2020, CubeWorks Inc. introduced the launch of a self-contained sensible sensing platform. The ‘CubiSens’ is a   self-contained platform that’s inclusive of three totally different wi-fi temperature sensors. The product was launched with the purpose of temperature monitoring due to the mounting coronavirus instances.

North America to Emerge Dominant; Presence of Several Large Scale Companies to Aid Growth

The Wireless Temperature Sensor Market report analyses the continuing market tendencies throughout 5 main areas, together with North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all areas, the market in North America is projected to emerge dominant within the coming years.  The presence of a number of massive scale corporations will present impetus to the expansion of the regional market. The current coronavirus outbreak has had an enormous say available in the market conduct. The rising coronavirus instances, particularly within the United States, will emerge in favor of the regional operators as well as different international corporations. Subsequently, the presence of quite a few such corporations on this sector will emerge in favor of the expansion of the regional market. As of 2019, the market in North America was price USD 659.9 million and this worth is projected to enhance additional within the coming years.

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List of corporations profiled within the Wireless Temperature Sensor Market report:

•             Temptime Corporation (New Jersey, United States)
•             OMEGA Engineering Inc. (Connecticut, United States)
•             Texas Instruments Incorporated (Texas, United States)
•             PASCO scientific (California, United States)
•             Emerson Electric Co. (Missouri, United States)
•             Honeywell International Inc. (North Carolina, United States)
•             ABB Ltd. (Zürich, Switzerland)
•             Axzon Inc. (Texas, United States)
•             E+E Elektronik Ges.m.b.H. (Engerwitzdorf, Austria)
•             Phoenix Sensors LLC (Arizona, United States)
•             Microchip Technology Inc. (Arizona, United States)
•             Schneider Electric SA (Rueil-Malmaison, France)
•             Endress+Hauser SA (Reinach, Switzerland)
•             Siemens AG (Munich, Germany)
•             Yokogawa Electric Corporation (Tokyo, Japan)

Industry Developments:

  • July 2020: – Yokogawa Electric Corporation introduced the launch of a brand new strain and temperature sensors – “XS110A/XS550” for the Sushi Sensor. This product was launched with the purpose of increasing sushi sensor’s wi-fi industrial IoT resolution lineup in North America, Southeast Asia, and Europe.

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Table Of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Executive Summary
  • Wireless Temperature Sensor Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
    • Global Wireless Temperature Sensors Market Share Analysis and Matrix, 2019
  • Key Market Insights and Analysis, By Segments
  • Global Wireless Temperature Sensor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
    • By Type (Value)
      • Thermocouple
      • Thermistor
      • Resistance Temperature Detector (RTD)
      • Semiconductor Temperature Sensor
      • Infrared Temperature Sensor
      • Others (Bimetallic, Optical Fiber Temperature Sensor, and so forth.)
    • By Channel Output (Value)
      • Single-channel
      • Multi-channel
    • By Technology (Value)
      • Small & Medium Enterprise (SMEs)
      • Large Enterprise
    • By End-user (Value)
      • Healthcare
      • Consumer Electronics
      • Automotive
      • Aerospace and Defense
      • Food and Beverages
      • Energy and Power
      • Oil and Gas
      • Chemicals
      • Others (Transportation, and so forth.)
    • By Region (Value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America

TOC Continued…!

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