Thermistor Temperature Sensor

Global thermistor temperature sensor will have an incremental growth in coming years. According to the WK Research, “Global Thermistor Temperature Sensor Professional Survey Report 2024, Forecast to 2029”, an introduction of the innovating technologies in healthcare sector across the major economies and the demand for thermistors in the applications like smart patient monitoring systems are impelling the growth of the global thermistor thermistor temperature sensors market. The compound annual growth rate (CAGR) for the 2024-2029 period is projected to be 7.51% base on WK Research regression analysis model.

Analysts’ Viewpoint:
“The Thermistor Temperature Sensor Market is highly competitive owing to the presence of multiple big players in the market supplying their products in domestic and international markets. The market appears to be moderately concentrated with players should adopt strategies like product innovation, mergers, and acquisitions to stay competitive”, said Kevin Rose, Senior analyst, in WK Research.

Product Introduction:
A thermistor, or a thermally sensitive resistor, is a type of resistor whose resistance is dependent on the temperature. It is a two-terminal solid state thermally sensitive transducer manufactured from sensitive semiconductor-based metal oxides with sintered or metallized connecting leads onto a ceramic bead or disc. This design allows the product to change its resistance value in proportion to small changes in temperature. The word ‘thermistor’ is a combination of two words: thermal and resistor.

Market insight:
The emerging technologies catering to healthcare industries in major economies and the growing applications, like smart patient monitoring systems, are significant factors driving the growth of the thermistor market over the forecast period. The NTC thermistor probes in the healthcare sector are generally used as resistance thermometers.
Moreover, with the onset of COVID-19, enterprises can neither export their goods nor import raw materials for production because the majority of materials for the production of electronic components are made in China. On the other hand, the fluctuating raw materials prices are expected to limit the global thermistor thermistor temperature sensors market during the forecast period.

Competition Landscape:
Mar 2020 - TE Connectivity Ltd., a prominent industrial technology company with leading positions in the connectivity and sensing solutions, announced that it has completed the public takeover of First Sensor AG. The company now holds 71.87% shares of First Sensor. This WK Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermistor temperature sensor companies that include: Murata Manufacturing Co. Ltd., QTI Sensing Solutions, TEWA Electronics Group, Thermo Sensros Corportaion, Siemens Process Instrumentation, Backer Howatt Inc., Sentrion Corporation, US Sensor Corp, Semitec USA Corp, Sen Tech Co. Ltd., Shenzhen DMX Technology Co., Ltd. and Others.

Segmentation of Thermistor Temperature Sensor Market:
According to the type, the market for thermistor temperature sensor is divided into: negative temperature coefficient (NTC) thermistors and positive temperature coefficient (PTC) thermistors. NTC thermistors account for major share of the market, as they can be used in a majority of equipment where temperature has a role to play. NTC thermistors show a drop in their resistive value when the operating temperature around them increases. On the contrary, PTC thermistors exhibit an increase in their resistive value, when the operating temperature around them increases.

According to the application, the market for thermistor temperature sensor is divided into: temperature monitoring, temperature control, and others. The temperature monitoring segment holds key share of the market, as temperature monitoring can be used in many industries and works especially well in the lower ranges of temperature. The temperature control segment plays an important role in preventing damage to machinery and factories. The others segment constitutes negligible share of the market. It includes the use of the equipment in the form of self-regulating heating elements and self-resetting overcurrent protectors.

Thermistor Temperature Sensor Market: Regional Analysis
In terms of geography, the global thermistor temperature sensor market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The demand for thermistors in the Asia-Pacific region is increasing with the changing automotive landscape, as many countries are adopting electric mobility solutions.
Moreover, the growing number of data centers, smart offices, special economic zones (SEZ), warehouses, and malls, among others, is driving the demand for HVAC systems in the region. The growing number of data centers, especially in developing countries, is fueling the demand for the market studied, as thermistor-based sensors are evolving as integral units for HVAC systems.
China's internet data centers are estimated to grow, to 22 times that of the United States, or at least 10 times the current space of Japan. As the region is dominating the global HVAC market, it provides a vast opportunity for the market studied.
Furthermore, the growing number of manufacturing plants, where temperature plays an important role, is estimated to fuel the adoption of HVAC systems, subsequently increasing the demand for NTC thermistors in the region.