Embedded Temperature Sensor Market to Reach US$ 9,876.32 Million Globally by End of 2027, Says Coherent Market Insights
Summary
The global embedded temperature sensor market is expected to witness significant growth during the forecast period, owing to rising deployment of data centers by major IT companies to manage large amounts of data and integration of cloud services. COVID-19 pandemic is expected to drive growth of the embedded temperature sensor market during the forecast period. Moreover, increasing demand from the oil & gas sector is expected to significantly drive growth of market over the forecast period. For instance, in July 2019, according to the International Energy Agency (IEA), oil demand is expected to reach by 6.9 million barrels per day by 2023. Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Delphi Technologies, Siemens, ABB, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Fluke Process Instruments, Mouser Electronics, Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, FLIR Systems, Inc., Amphenol Advanced Sensors, Maxim Integrated, KONGSBERG, Yokogawa India Ltd., Infineon Technologies AG, TDK-Micronas GmbH, Amphenol Corporation, OMEGA Engineering inc, ON Semiconductor, CODICO GmbH, Sensata Technologies, Inc., VINCI, and Digi-Key Electronics Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.