Market Share of Temperature Sensors Industry
The competitive rivalry is high in this market, owing to the presence of many players operating in the market, such as Honeywell, Texas Instruments, and STMicroelectronics, among other regional and local manufacturers. Continuous product upgradation and industry convergence drive the market towards highly differentiated offerings.
In December 2022, OMEGA Engineering announced the launch of the latest version of its HANI Clamp-On Temperature Sensor: the HANI Clamp Sensor is explicitly designed for plastic pipe applications. The Sensor precisely measures the temperature of media inside a pipe in seconds without ever breaching the pipe.
In July 2022, Apple introduced temperature sensors in its Apple Watch. The company aims to inform the wearer if they have a fever due to a higher-than-normal body temperature.
Temperature Sensors Market Leaders
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Honeywell International Inc.
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Siemens AG
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ABB Ltd.
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Texas Instruments Inc
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Emerson Electric Co.
*Disclaimer: Major Players sorted in no particular order
