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Temperature Transmitter and Humidity Transmitter Market by Sensing Technology, Mounting Technology, Communication Protocol and Geography - Global Trend & Forecast to 2022

Temperature Transmitter and Humidity Transmitter Market: Forecast until 2022

  • February 2016
  • 179 pages
  • ID: 3629282
In this report:
The global temperature transmitter market was valued at USD ##,##.## million in 2015 and is expected to grow at a CAGR of ##.##% between 2016 and 2022, with the Asia-Pacific region leading its growth at a CAGR of ##.##% between 2016 and 2022.
The markets in Canada and Mexico are expected to grow at a CAGR of ##.##% and ##.##%, respectively, during the forecast period between 2016 and 2022.


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"The temperature transmitter market is anticipated to grow at steady rate"

The overall temperature transmitter market was estimated at ~$2.7B in 2015 and is forecasted to reach ~$3.6B by 2022, increasing at a compound annual growth rate (CAGR) of 4.19% during the forecast horizon. The industry demand from the power and chemical industry is forecasted to contribute to the expected increase of the overall temperature transmitter market. The overall humidity transmitter market is forecasted to reach ~$1.4B by 2022, at a compound annual growth rate of ~1.8 percent during forecast period.

"The thermocouple sensing type of temperature transmitter and the capacitive sensing type of humidity transmitter are anticipated to register the highest rise rate"

The sector for thermocouple sensing type of temperature transmitter is expected to display the maximum growth rate as thermocouples are superior to other sensing methods in terms of cost, ruggedness, measurement speed, and range of temperatures that they can measure.

The industry for the capacitive type of humidity transmitter is anticipated to increase at the maximal level rate during the estimate period. The capacitive sensing technology is used widely in industrial, commercial, and meteorological applications. This sensing technology is capable of operating accurately down to 0.0 percent relative humidity.

"Asia-Pac is anticipated to rise at the highest level rate in both temperature transmitter and humidity transmitter sectors during the outlook period"

Asia Pacific (APAC) is anticipated to grow at the maximal rate in the temperature transmitter market between 2016 and 2022, due to the demand from energy capacity expansion, new project commissioning, and demand for industrial automation to rise productivity while keeping the cost optimum. The increasing demand for HVAC system and adoption of building automation system in residential and commercial projects in Asia-Pac is driving the sector for humidity transmitters.

Distribution of profile of primary members taking part

- By Company category: Tier 1 - 55 %, Tier 2 - 20.0 percent, and Tier 3 - 25.0 percent

- By Description: C-suite - 30.0 percent, Grade of manager - 55.0 percent, Others - 15.0 percent

- By area: North america (NA) - 10.0 percent, Europe - 20.0 percent, APAC - 40.0 percent, RoW - 30.0 percent

Emerson Electric Company, ABB Ltd., Endress+Hauser AG, Honeywell International Inc., Siemens Aktiengesellschaft, Yokogawa Electric Corporation, Schneider Electric SE, and WIKA Alexander Wiegand SE & Co. KG are the top actors in the overall temperature transmitter market. The top players in humidity transmitter are Johnson Controls, Incorporated, Honeywell (NYSE:HON), Siemens (SIA), Schneider Electric (SU), and Vaisala Oyj.

Why Purchasing This Study Can Help You:

The analysis would benefit the market top players and new sector entrants in this sector in these ways:

1. This document breaks down the temperature and humidity transmitter market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the pulse of the temperature and humidity transmitter market and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report would benefit partners to better find out their players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, alliances, recent product launches, and mergers & acquisitions.

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