China Temperature Sensors Market - Growth, Trends, Forecasts (2020-2025)

China Temperature Sensors Market is segmented By Type (Wired, Wireless), Technology (Infrared, Thermocouple, Resistance Temperature Detectors (RTD), Thermistor, Temperature Transmitters, Fiber Optic), End-User Industry (Chemical & Petrochemical, Oil & Gas, Metal & Mining, Power Generation, Food & Beverage, Automotive, Medical, Aerospace & Military, Consumer Electronics)

Market Snapshot

China Temperature Sensors Market
Study Period: 2020-2025
Base Year: 2019
CAGR: 6.4 %

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Market Overview

The China Temperature Sensors Market is expected to grow at a CAGR of 6.4% during the forecast period between 2020-2025. Temperature controls are essential for several manufacturing processes. They are increasingly used in the communication industry as a result of the growth in handheld communication devices. The growing demand for consumer electronics such as smartphones, cameras, and media players that make use of microprocessors with temperature sensing ICs, is expected to further boost the market.

  • Temperature sensors are extensively used in oil and gas industry for accurate measurement in harsh conditions, to offer complete solutions for the industry, craft customer service strategies, meet internationally accepted standards and guidelines, and to work toward product differentiation.
  • The rising demand for non-contact sensors, using the infrared and temperature sensing technology, is mostly used in industrial IoT devices, especially to maintain the flow of the oil, as well as to maintain the reserve of the gas in the plant area.
  • Industries, like food & beverage and electric power generation, also form a very prominent user base for temperature sensors. The thermal and nuclear power generation industries have multiple high-temperature processes, parts, and equipment. For instance, boilers, turbines, furnaces, super-heated steam, and water pipelines are essential for the industry to generate power.
  • In the era of a COVID-19 pandemic, when a high temperature could be a sign of being ill with COVID-19, it could be a helpful smartphone feature to have. According to Honor, the sensor works between temperatures of -20 degrees Celsius and 100 degrees Celsius (approximately -4 to 212 degrees Fahrenheit), which is more than enough to cover the human body’s range of potential temperatures, and that it can sense temperatures down to the tenth of a degree.

Scope of the report

A temperature sensor is an electronic device that measures the temperature of its environment and converts the input data into electronic data to record, monitor, or signal temperature changes.

Type
Wired
Wireless
Technology
Infrared
Thermocouple
Resistance Temperature Detectors (RTD)
Thermistor
Temperature Transmitters
Fiber Optic
Others
End-user Industry
Chemical & Petrochemical
Oil & Gas
Metal & Mining
Power Generation
Food & Beverage
Automotive
Medical
Aerospace & Military
Consumer Electronics
Other End-user Industries

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Key Market Trends

Resistance Temperature Detectors to Show Significant Growth

  • An RTD (temperature sensor) is used to measure temperature by using the basic principle of change in metal resistance with the temperature changes. In practice, an electrical current can be transmitted through a piece of metal located in proximity to the area where the temperature is to be measured.
  • The Chinese government views its automotive industry, including the auto parts sector, as one of the prominent industries. The Central Government of the country expects that China’s automobile output would reach 30 million units by 2020 and 35 million units by 2025. However, the China Association of Automobile Manufacturers revised their predictions for 2020, forecasting a 10% drop in sales for the first half of the year and 5% for the full year, on account of the COVID-19 outbreak.
  • China is making rapid strides in nuclear power expansion, building 16 high power reactors since 2016. In China’s 13th Five-Year Plan, published in 2016, the country planned to raise its installed nuclear capacity to 58 GW by 2020, with plans for another 30 GW.
  • Recently, The State Council, China’s cabinet, approved the two nuclear power projects in the coastal provinces of Hainan and Zhejiang, at a predicted cost of CNY 70 billion (USD 10.24 billion). The one in Hainan is expected to be finished by 2026, and Zhejiang’s is expected to be finished by 2025. It is expected that China would increase nuclear power plant construction steadily in the coming years, despite the COVID-19 pandemic.
Graph1.PNG

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Chemical and Petrochemical to Hold the Highest Market Share

  • China has the one of the highest growth rate in petrochemicals industry, due to the significant funds allocated by the local government to establish refineries and improve on the energy deficit caused by increase in global oil prices.
  • The Ningbo Petrochemical Economic and Technical Development Zone (NPETDZ), which is located on the southern bank of Hangzhou Bay, is one of the leading petrochemical zones in the country. In 2018 the output value of its major enterprises totaled CNY190 billion. As of Feb. 13, 2020, 90% of the zone's production capacity had recovered, with over 13,000 employees at work. The Shanghai Chemical Industry Park, based in Jinshan District, is a state-level economic and technological development zone and one of the prominent petrochemical bases in Asia. Currently, nearly all of the enterprisers in the zone have resumed production.
  • The COVID-19 outbreak has led to the closure of many industries across the country. According to data released by the National Bureau of Statistics of China on March 27, the country’s industrial enterprises' output dropped by 14% in the first two months of 2020, compared to the year-ago period, and profits slumped by 39%. Chemical manufacturing was among the hardest-hit sectors, with output declining by 21% and profits by 66%. However, many industries have started resuming their operations.
Graph2.PNG

Competitive Landscape

The China Temperature Sensor Market is majorly fragmented sue to many prominent players in the market. Some of the major players are Siemens AG, Texas Instruments Incorporated, ABB Ltd, Omron Corporation, and Honeywell International Inc. Some of the recent deveopments are-

  • January 2020: VivaLNK, a provider of connected healthcare solutions, announced that the Shanghai Public Health Clinical Center (SPHCC) is using VivaLNK's continuous temperature sensor to combat the spread of COVID-19 in China. Modeled after the previous SARS outbreak, SPHCC contains special wards designed to limit cross infection and to deliver more efficient treatments.
  • June 2020: The country had 47 operational nuclear power units and 11 nuclear power units under construction. Nuclear power accounted for 4.88% of the total electricity mix in the year 2019, and two units (Yangjiang-6 and Taishan-2) were connected to the grid in 2019.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Impact of COVID-19 on the Market

    3. 4.3 Market Drivers

      1. 4.3.1 Growing Application of Temperature Sensors Across Various End-user industries

      2. 4.3.2 Rising Demand of Non-Contact Sensors Amidst Industry 4.0

    4. 4.4 Market Restraints

      1. 4.4.1 Stringent performance requirements for Advanced Applications

    5. 4.5 Value Chain Analysis

    6. 4.6 Porters Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Wired

      2. 5.1.2 Wireless

    2. 5.2 Technology

      1. 5.2.1 Infrared

      2. 5.2.2 Thermocouple

      3. 5.2.3 Resistance Temperature Detectors (RTD)

      4. 5.2.4 Thermistor

      5. 5.2.5 Temperature Transmitters

      6. 5.2.6 Fiber Optic

      7. 5.2.7 Others

    3. 5.3 End-user Industry

      1. 5.3.1 Chemical & Petrochemical

      2. 5.3.2 Oil & Gas

      3. 5.3.3 Metal & Mining

      4. 5.3.4 Power Generation

      5. 5.3.5 Food & Beverage

      6. 5.3.6 Automotive

      7. 5.3.7 Medical

      8. 5.3.8 Aerospace & Military

      9. 5.3.9 Consumer Electronics

      10. 5.3.10 Other End-user Industries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ABB Ltd

      2. 6.1.2 Analog Devices Inc

      3. 6.1.3 Cheemi Technology Co.,Limited

      4. 6.1.4 Emerson Electric Company

      5. 6.1.5 Focus Sensing and Control Technology Co.,LTD

      6. 6.1.6 Hefei Jingpu Sensor Technology Co.,Ltd

      7. 6.1.7 Honeywell International Inc

      8. 6.1.8 KROHNE Group

      9. 6.1.9 NXP Semiconductors NV

      10. 6.1.10 Omron Corporation

      11. 6.1.11 Pyrosales Ltd

      12. 6.1.12 Senmatic A/S

      13. 6.1.13 Shanghai Feilong Meters & Electronics Co., Ltd

      14. 6.1.14 Siemens AG

      15. 6.1.15 STMicroelectronics

      16. 6.1.16 TE Connectivity Ltd

      17. 6.1.17 Texas Instruments Incorporated

      18. 6.1.18 Yuyao Gongyi Meter Co., Ltd.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The China Temperature Sensors Market market is studied from 2020 - 2025.

The China Temperature Sensors Market is growing at a CAGR of 6.4% over the next 5 years.

ABB Ltd, Honeywell International Inc, Omron Corporation, Siemens AG, Texas Instruments Incorporated are the major companies operating in China Temperature Sensors Market.

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