Global RTD Sensors Market: Introduction
A RTD sensor is used to accurately measure a high temperature. It is a circuit element in which the resistance varies with the temperature variation. It is constructed with the help of a small coil of platinum, nickel wire, copper, and other glass materials. Platinum is most commonly used metal for constructing RTD elements owing to its chemical internes and temperature stability properties. Measuring the temperature with the help of RTD sensor involves measuring the resistance accurately. These device are more efficient than other temperature measuring devices but are high in cost. There are two standards taken into consideration including the European Standards and the American Standards for RTD sensors. With the growing industrialization and need of temperature management devices in all industries, the growth of the RTD sensors market is expected to surge. RTD sensors are used by the food packaging manufacturers in food making equipment as well as in are used in the chemical and drug industry. Moreover, its applications include controlling ambient temperature, temperature of a condenser, coolant line temperature, and room temperature precisely. In HVAC, RTS sensors are suitable for freezers, laboratories, refrigeration rooms, and cold storage chambers. RTD assemblies create an admirable temperature sensor for such uses due to their small size and accuracy.
Global RTD Sensors Market: Dynamics
The properties of RTD sensors such as high reliability, high accuracy of measurement, and stability are expected to drive the demand for RTD sensors in end-use industries over the forecast period. Manufacturers are nowadays focusing on technologically advanced products to stand out in the market. For sensors, technology-based applications, such as motor temperature sensor, battery temperature sensor, and drug testing, among others, RTD sensors are highly adopted by the manufacturers. In addition to the applications mentioned, RTD sensors are also used in the food and processing industry for compelling traceability, safety and sanitary requirements. These factors associated with the RTD sensors are expected to create significant growth opportunities for the global RTD sensors market.
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However, the high cost of RTD sensors is a factor expected to hinder the growth of the global RTD sensors market.
Global RTD Sensors Market: Segmentation:
The global RTD sensors market can be segmented on the basis of configuration type, end-use industry, and the material used for RTD elements.
On the basis of configuration type, the global RTD sensors market is segmented as:
- 2-Wire Configuration RTD sensor
- 3-Wire Configuration RTD sensor
- 4-Wire Configuration RTD sensor
On the basis of end-use industry, the global RTD sensors market is segmented as:
- Food processing industry
- Automotive industry
- Chemical industry
- Consumer Electronics
- Aerospace & Defense
- Oil & Gas
On the basis of material used, the global RTD sensors market is segmented as:
- Nickel wire
- Ceramic or glass bobbin
Global RTD Sensors Market: Regional Outlook
North America is expected be a dominant region in the global RTD sensor market due to the growing food and processing industry in this region. Moreover, there are high growth opportunities for the U.S. RTD sensor market owing to the developing chemical and oil & gas industry in the country. Europe is also estimated to compel major growth opportunities for the global RTD sensors market. Asia Pacific excluding Japan is the most developing region in terms of industrial growth, as manufacturers are opting for expanding their production plants in this region due to low-cost production and low labor and raw material cost. China, India and South Korea are some of the major manufacturing zones in the Asia pacific region. With the growing chemical industry, food industry, and automotive production, these countries are gaining traction all across the world for investment. MEA countries including South Africa and GCC countries have affluent oil and gas industry, which is expected to form substantial contingencies for the growth of the RTD sensors market. Latin America is expected to illustrate steady growth in the global RTD sensors market.
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Global RTD Sensors Market: Key Participants
Examples of some of the key participants operating in the global RTD sensors market are:
- Texas Instruments Incorporated
- Siemens AG
- Honeywell International, Inc.
- Panasonic Corporation
- ABB Ltd.
- General Electric
- Analog Devices, Inc.
- Maxim Integrated Products
- Kongsberg Gruppen
- Microchip Technology Incorporated,
- Omega Engineering
- Emerson Electric Company
- NXP Semiconductors N.V.