Increase in Adoption of Wireless Technologies Expected to Drive Global Wireless Temperature Sensor Market: Ken Research

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Wireless temperature control devices are widely utilized in temperature-sensitive areas. Wireless temperature sensors are small-sized. They are used to measure and record temperatures in a given location. Such systems are equipped with a wide range of sensors and electronic equipment, such as heat and warning sensors. Wireless temperature control network providing a wide variety of humidity meters, temperature sensors, data loggers and Wi-Fi sensors. The low-cost wireless communication enabled the sensors deployed over various temperature monitoring and controlling networks used over the diverse fields, such as industrial automation, process control, patient monitoring systems, asset tracking, internal, external climate sensing, etc. Moreover, wireless temperature control device transmit and receive electrical signals over the temperature sensors without the use of wires. The significant rise in rapid growth and industrialization has further contributed to complex urban processes. The high demand for the wireless temperature control systems globally is expected to rise in adoption of control technologies in warehouses, industrial and healthcare sectors.

According to study, ā€œGlobal Wireless Temperature Sensor Market to reach USD XX Billion by 2026ā€ the key companies operating in the global wireless temperature sensors market are Texas Instruments Incorporated, General Electric Company, Analog Devices Inc., Microchip Technology Inc., Schneider Electric SE, Honeywell International Inc., Yokogawa Electric Corporation, Emerson Electric Co., NXP Semiconductors NV, Siemens AG, ABB Ltd. The technological advancement & new product innovations, from large to mid-size and smaller companies that have increased the market presence considerably.

Based on type, wireless temperature sensors market is segmented as IPv6, ZigBee, Bluetooth, Wi-Fi and others. Based on product type, market is segmented as single channel, dual channel and multi-channel. Based on technology, market is segmented as thermocouple, infrared, thermistor and other technologies. In addition, based on end-user applications, market is segmented as medical, building automation, military & security, automotive, industrial monitoring and others.

The wireless temperature sensors market is driven by declining unit cost of wireless sensors, followed by increase in adoption of wireless technologies (especially in harsh environments), change in standard of living, growth in security concerns, rise in disposable income, miniaturization & upgraded communication capabilities, growth in e-commerce market and rapid development & industrialization. However, higher security needs and infrastructure updating costs may impact the market. Furthermore, rise in demand for organic food is a key trend for market.

Based on geography, global wireless temperature sensor market is considered for the key regions such as North America, Asia Pacific, Europe, Latin America and Rest of the World. Asian-Pacific region holds major share in market owing to rise in demand for consumer products including portable medical devices and white goods in the region. In addition, North-American and European regions are anticipated to exhibit substantial growth rate due to increase in industrial automation, particularly in the food & beverage and automotive sectors over the forecast period. In near future, it is predicted that the global wireless temperature sensors market will be reached at rapid pace on account of rise in the usage of the internet coupled with increase in data management problems during the forecast period.

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Global Wireless Temperature Sensor Market

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Smart Thermostats Market by Components (Display, Temperature Sensor, Humidity Sensor, Motion Sensor, and Others), by Network Technology (Wired Networking and Wireless Network), by Application (Residential, Commercial, Industrial and Other Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

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