Temperature Transmitter Market: Trends, Growth Drivers and Forecast Analysis

Global Temperature Transmitter Market size was valued at USD 7.06 Bn. in 2023 and Global temperature transmitter Market revenue is expected to reach USD 10.28 Bn. by 2030, at a CAGR of 5.5% over the forecast period.

Format : PDF | Report ID : SMR_1488

Global Temperature Transmitter Market Overview

A temperature transmitter is a device that converts the signal produced by a temperature sensor into a standard instrumentation signal representing a process variable temperature being measured and controlled. The most common transmitter output signal is 4 to 20 MA. The signal of the temperature transmitter is sent to a controller that determines the actions is required and generate an appropriate output signal. Most temperature transmitter are two wire types having only two wires. The most common temperature transmitter used in process control are the thermocouple and the resistance temperature detector. Many temperature transmitters are capable of working with either an RTD or a thermocouple. A wireless temperature transmitter sends signals to receiver via a Wi-Fi signal.

Temperature Transmitter Market

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Global Temperature Transmitter Market Dynamics

Wide spread of temperature transmitter across the world coupled with Increase need for better temperature sensing across temperature sensing device among people

The wide spread of temperature transmitter has grown tremendously in the past decade. The growing demand for advanced and portable healthcare equipment is driving the temperature sensors market. With the onset of technologies like advanced patient monitoring system and portable health monitoring systems, the demand for temperature system is on the rise. Adults have practised yoga at some point in their lives.

Older style temperature transmitter have multitier potentiometer adjustments called zero and span used for calibration. Newer style temperature transmitter were programmed or calibrated using the software.

Legal and Regulatory Challenges:

High price of temperature sensor

In particular in price sensitive industries or applications, the high cost of temperature sensors may function as a barrier to their adoption. The type of sensor, the degree of accuracy required, the range of temperature monitored, and the features and functionality supplied may all impact the price of temperature sensors may cost more since they need to adhere to particular industry standards or laws. Costly certifications and compliance testing may be passed on to customers by manufacturers.

Non-contact temperature sensors will have the highest growth in the coming years

The non-contact temperature sensors segment is projected to grow at a higher rate compared to contact temperature sensors segment during 2024 to 2030. The high growth rate of non-contact temperature sensors is attributed to their ability to measure the surface temperature of an object or body without any physical contact between the sensor and the observed object. The non-contact temperature sensors are prominently used for small, moving, and inaccessible objects, sources, or devices.

Restraints: High initial cost involved in advanced sensors.

Manufacturers in temperature sensor market require raw materials such as cobalt, nickel, manganese, iron alloy, and copper. These manufacturers depend on third party suppliers to procure these materials. High volatility in the prices of these raw materials and the lack of continuous availability of supply have a significant impact on the profitability of temperature sensor manufacturers. Fluctuations in the raw material prices are attributed to volatile global demand, natural disasters, and the volatility in foreign currency exchange rates. Furthermore, an increasingly competitive global market place depicts the high cost of quality inspection. Hence, high initial costs are expected to have an adverse effect on the manufacturing and logistics of temperature sensors.

Opportunities: increasing trend of wearable devices

Wearable devices are used for tracking several biometric parameters, such as heartbeat and body temperature. The adoption of wearable devices is increasing rapidly with a growing number of end users seeking such technologies to improve their fitness and overall health currently 1 in 6 people own and use a wearable device and this adoption trend is expected to grow in the coming years. This rising demand and growing health consciousness among individuals are expected to create growth opportunities for the players in the temperature sensors market.

Temperature Transmitter Market Segment Analysis

On the basis of type it is categorized into thermistor, thermocouple, resistance temperature detector or, infrared temperature sensor, and others. Thermocouple generate the largest revenue in 2023 and expected to follow the same trend during the forecast period. On basis on industry vertical it is fragmented into healthcare, pharmacticual, chemical, industry, oil, automotive for the significant temperature sensor market share in 2023.

Temperature Transmitter Market Competitive Landscape

The temperature transmitter market is competitive and thriving globally. To improve their position in the global market, the participants are putting into practice a number of innovative growth strategies including partnership, mergers, and acquitions.leading players in the international temperature transmitter market are represented in the cartilage by companies. Honeywell international Inc. ABB , Siemens ,Endress+Hauser , Anderson, yokogawa , conax technologies, ACS control Technologies. These key players have adopted several strategies such as new product launch and development, acquisition, partnership, collaboration and business expansion to increase to the temperature sensors market Suring the forecast period.

Temperature Transmitter Market Scope
Market Size in 2023	USD 7.06 Bn.
Market Size in 2030	USD 10.28 Bn.
CAGR (2024-2030)	5.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product Type Thermocouples Temperature Sensors Ics Thermistors Fiber Optic Temperature Sensors Infrared Temperature Sensors Bimetallic Temperature Sensors.
	By Communication HART Modbus Profibus
	By Application HVAC Industrial Processes Automotive Metals And Mining Industrial Others
	By Connectivity Wired Wireless
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

Temperature transmitter Key Players

Honeywell international Inc.
TE connectivity ltd.
Texas instrument incorporated
Endress+hauser management AG
Siemens ag
Maxim integrated
Emerson
Amphenol
wika instrument
Dwyer instrument
Kongsberg
pyromation
STMicroelectronics
nxp semiconductors
ABB
Anderson instrument
Baumer process instrumentation
Wika
Yokogawa
Conax technologies
Camille Bauer metrawatt

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Frequently Asked Questions

1] What is the growth rate of the Global temperature transmitter market?

The temperature transmitter Market is growing at a significant rate of 5.5 % over the forecast period.

2] Which region is expected to dominate the Global temperature transmitter market?

North America region is expected to dominate the Global temperature transmitter Market over the forecast period.

3] What is the expected Global temperature transmitter Market size by 2030?

The market size of the Global temperature transmitter Market is expected to reach USD 10.28 Bn by 2030.

4] Who are the top players in the Global temperature transmitter market?

The major key players in the Global temperature transmitter Market are, nxp semiconductors, STMicroelectronics, pyromation, Honeywell internationals, TE connectivity and Emerson.

5] Which factors are expected to drive the Global temperature transmitter Market growth by 2030?

Increase need for better temperature sensing across temperature sensing device among people is expected to drive the Market growth over the forecast period (2024-2030).

1.   Temperature Transmitter Market: Research Methodology
2.   Temperature Transmitter Market: Executive Summary
3.   Temperature Transmitter Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.4. Market Structure
3.4.1.   Market Leaders
3.4.2.   Market Followers
3.4.3.   Emerging Players
3.5. Consolidation of the Market
4.   Temperature Transmitter Market: Dynamics
4.1. Market Trends by Region
4.1.1.   North America
4.1.2.   Europe
4.1.3.   Asia Pacific
4.1.4.   Middle East and Africa
4.1.5.   South America
4.2. Market Drivers by Region
4.2.1.   North America
4.2.2.   Europe
4.2.3.   Asia Pacific
4.2.4.   Middle East and Africa
4.2.5.   South America
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.7. PESTLE Analysis
4.8. Value Chain Analysis
4.9. Regulatory Landscape by Region
4.9.1.   North America
4.9.2.   Europe
4.9.3.   Asia Pacific
4.9.4.   Middle East and Africa
4.9.5.   South America
5.   Temperature Transmitter Market Size and Forecast by Segments (by Value USD and Volume Units)
5.1. Temperature Transmitter Market Size and Forecast, By product type(2023-2030)
5.1.1.   Thermocouples
5.1.2.   Temperature sensors ICs
5.1.3.   Thermistors
5.1.4.   Fibber optic temperature sensors
5.1.5.   Infrared temperature sensors
5.1.6.   Bimetallic temperature sensors
5.2. Temperature Transmitter Market Size and Forecast, By communication(2023-2030)
5.2.1.   HART
5.2.2.   Modbus
5.2.3.   Profibus
5.3. Temperature Transmitter Market Size and Forecast, By application(2023-2030)
5.3.1.   HVAC
5.3.2.   Industrial processes
5.3.3.   Automotive
5.3.4.   Metals and mining
5.3.5.   Industrial
5.3.6.   Others
5.4. Temperature Transmitter Market Size and Forecast, By connectivity(2023-2030)
5.4.1.   Wired
5.4.2.   Wireless
5.5. Temperature Transmitter Market Size and Forecast, by Region (2023-2030)
5.5.1.   North America
5.5.2.   Europe
5.5.3.   Asia Pacific
5.5.4.   Middle East and Africa
5.5.5.   South America
6.   North America Temperature Transmitter Market Size and Forecast (by Value USD and Volume Units)
6.1. North America Temperature Transmitter Market Size and Forecast, By product type(2023-2030)
6.1.1.   Thermocouples
6.1.2.   Temperature sensors ICs
6.1.3.   Thermistors
6.1.4.   Fiber optic temperature sensors
6.1.5.   Infrared temperature sensors
6.1.6.   Bimetallic temperature sensors
6.2. North America Temperature Transmitter Market Size and Forecast, By communication(2023-2030)
6.2.1.   HART
6.2.2.   Modbus
6.2.3.   Profibus
6.3. North America Temperature Transmitter Market Size and Forecast, By application(2023-2030)
6.3.1.   HVAC
6.3.2.   Industrial processes
6.3.3.   Automotive
6.3.4.   Metals and mining
6.3.5.   Industrial
6.3.6.   Others
6.4. North America Temperature Transmitter Market Size and Forecast, By connectivity(2023-2030)
6.4.1.   Wired
6.4.2.   Wireless
6.5. North America Temperature Transmitter Market Size and Forecast, by Country (2023-2030)
6.5.1.   United States
6.5.2.   Canada
6.5.3.   Mexico
7.   Europe Temperature Transmitter Market Size and Forecast (by Value USD and Volume Units)
7.1. Europe Temperature Transmitter Market Size and Forecast, By product type(2023-2030)
7.1.1.   Thermocouples
7.1.2.   Temperature sensors ICs
7.1.3.   Thermistors
7.1.4.   Fibber optic temperature sensors
7.1.5.   Infrared temperature sensors
7.1.6.   Bimetallic temperature sensors
7.2. Europe Temperature Transmitter Market Size and Forecast, By communication(2023-2030)
7.2.1.   HART
7.2.2.   Modbus
7.2.3.   Profibus
7.3. Europe Temperature Transmitter Market Size and Forecast, By application(2023-2030)
7.3.1.   HVAC
7.3.2.   Industrial processes
7.3.3.   Automotive
7.3.4.   Metals and mining
7.3.5.   Industrial
7.3.6.   Others
7.4. Europe Temperature Transmitter Market Size and Forecast, By connectivity(2023-2030)
7.4.1.   Wired
7.4.2.   Wireless
7.5. Europe Temperature Transmitter Market Size and Forecast, by Country (2023-2030)
7.5.1.   UK
7.5.2.   France
7.5.3.   Germany
7.5.4.   Italy
7.5.5.   Spain
7.5.6.   Sweden
7.5.7.   Austria
7.5.8.   Rest of Europe
8.   Asia Pacific Temperature Transmitter Market Size and Forecast (by Value USD and Volume Units)
8.1. Asia Pacific Temperature Transmitter Market Size and Forecast, By product type(2023-2030)
8.1.1.   Thermocouples
8.1.2.   Temperature sensors ICs
8.1.3.   Thermistors
8.1.4.   Fiber optic temperature sensors
8.1.5.   Infrared temperature sensors
8.1.6.   Bimetallic temperature sensors
8.2. Asia Pacific Temperature Transmitter Market Size and Forecast, By communication(2023-2030)
8.2.1.   HART
8.2.2.   Modbus
8.2.3.   Profibus
8.3. Asia Pacific Temperature Transmitter Market Size and Forecast, By application(2023-2030)
8.3.1.   HVAC
8.3.2.   Industrial processes
8.3.3.   Automotive
8.3.4.   Metals and mining
8.3.5.   Industrial
8.3.6.   Others
8.4. Asia Pacific Temperature Transmitter Market Size and Forecast, By connectivity(2023-2030)
8.4.1.   Wired
8.4.2.   Wireless
8.5. Asia Pacific Temperature Transmitter Market Size and Forecast, by Country (2023-2030)
8.5.1.   China
8.5.2.   S Korea
8.5.3.   Japan
8.5.4.   India
8.5.5.   Australia
8.5.6.   Indonesia
8.5.7.   Malaysia
8.5.8.   Vietnam
8.5.9.   Taiwan
8.5.10.   Bangladesh
8.5.11.   Pakistan
8.5.12.   Rest of Asia Pacific
9.   Middle East and Africa Temperature Transmitter Market Size and Forecast (by Value USD and Volume Units)
9.1. Middle East and Africa Temperature Transmitter Market Size and Forecast, By product type(2023-2030)
9.1.1.   Thermocouples
9.1.2.   Temperature sensors ICs
9.1.3.   Thermistors
9.1.4.   Fiber optic temperature sensors
9.1.5.   Infrared temperature sensors
9.1.6.   Bimetallic temperature sensors
9.2. Middle East and Africa Temperature Transmitter Market Size and Forecast, By communication(2023-2030)
9.2.1.   HART
9.2.2.   Modbus
9.2.3.   Profibus
9.3. Middle East and Africa Temperature Transmitter Market Size and Forecast, By application(2023-2030)
9.3.1.   HVAC
9.3.2.   Industrial processes
9.3.3.   Automotive
9.3.4.   Metals and mining
9.3.5.   Industrial
9.3.6.   Others
9.4. Middle East and Africa Temperature Transmitter Market Size and Forecast, By connectivity(2023-2030)
9.4.1.   Wired
9.4.2.   Wireless
9.5. Middle East and Africa Temperature Transmitter Market Size and Forecast, by Country (2023-2030)
9.5.1.   South Africa
9.5.2.   GCC
9.5.3.   Egypt
9.5.4.   Nigeria
9.5.5.   Rest of ME&A
10.   South America Temperature Transmitter Market Size and Forecast (by Value USD and Volume Units)
10.1. South America Temperature Transmitter Market Size and Forecast, By product type(2023-2030)
10.1.1.   Thermocouples
10.1.2.   Temperature sensors ICs
10.1.3.   Thermistors
10.1.4.   Fiber optic temperature sensors
10.1.5.   Infrared temperature sensors
10.1.6.   Bimetallic temperature sensors
10.2. South America Temperature Transmitter Market Size and Forecast, By communication(2023-2030)
10.2.1.   HART
10.2.2.   Modbus
10.2.3.   Profibus
10.3. South America Temperature Transmitter Market Size and Forecast, By application(2023-2030)
10.3.1.   HVAC
10.3.2.   Industrial processes
10.3.3.   Automotive
10.3.4.   Metals and mining
10.3.5.   Industrial
10.3.6.   Others
10.4. South America Temperature Transmitter Market Size and Forecast, By connectivity(2023-2030)
10.4.1.   Wired
10.4.2.   Wireless
10.5. South America Temperature Transmitter Market Size and Forecast, by Country (2023-2030)
10.5.1.   Brazil
10.5.2.   Argentina
10.5.3.   Rest of South America
11.   Company Profile: Key players
11.1. Honeywell international INC.
11.1.1.   Company Overview
11.1.2.   Financial Overview
11.1.3.   Business Portfolio
11.1.4.   SWOT Analysis
11.1.5.   Business Strategy
11.1.6.   Recent Developments
22.   TE connectivity ltd.
23.   Texas instrument incorporated
24.   Endress+hauser management AG
25.   Siemens ag
26.   Maxim integrated
27.   Emerson
28.   Amphenol
29.   wika instrument
30.   Dwyer instrument
31.   Kongsberg
32.   pyromation
33.   STMicroelectronics
34.   nxp semiconductors
35.   ABB
36.   Anderson instrument
37.   Baumer process instrumentation
38.   Wika
39.   Yokogawa
40.   Conax technologies
41.   Camille Bauer metrawatt
12.   Key Findings
13.   Industry Recommendation