Temperature Transmitter Market Growth – Trends & Forecast 2023-2033

Temperature Transmitter Market Snapshot (2023 to 2033)

Future Market Insights estimates that the temperature transmitter market is expected to register a CAGR of 6.5% throughout the forecast period. The market is projected to expand from USD 3.6 billion in 2023 to USD 6.7 billion by 2033.

Key Factors Underpinning the Market Growth:

• Wide Application Spectrum: Temperature transmitters enjoy expanding adoption in process industries like chemicals and oil and gas to protect from corrosion, overheating, moisture, and ineffective fuel usage.
• The Emergence of the Smart Home Model: Temperature transmitters find application in smart homes, buildings, and consumer electronics.
• Robust Research and Development: Key competitors are heavily funding the research and innovation of new technologies for the advancement of these devices.
• Growing Commonality of Portable Healthcare Equipment: Demand for advanced portable healthcare devices is spurred by growing diseases and the aging population. Due to the broad application of these transmitters in digital temperature measurement systems, patient monitoring systems, and life-supporting machines, the demand for temperature transmitters is rising.
• Miniaturization of Equipment: Miniature devices are growing in popularity due to their ease and convenience. Thus, transmitters supporting the framework of such devices are expanding the market scope.
• Surging Adoption in the Automotive Sector: Temperature transmitters are being adopted in automotive to ensure vehicle safety, minimize emissions, and drive improvements in engine performance. Manufacturers are developing advanced solutions and products in the automotive industry, which is expected to enhance the prospects for temperature transmitters.

Attributes	Details
Temperature Transmitter Market Size (2023)	USD 3.6 billion
Temperature Transmitter Market Size (2033)	USD 6.7 billion
Temperature Transmitter Market Forecast CAGR (2023 to 2033)	6.5%

Factors Limiting the Market Growth:

• Reduction in the Sales of Personal Computers: Temperature transmitters are used to monitor and control the temperature of the CPU in personal computers. A drop in the sales of personal computers due to shifting preference for portable devices like smartphones and tablets is hindering the sales generated for temperature transmitters from CPUs.
• Cost Fluctuation: Cost fluctuation of raw materials is expected to impact the price of the final product. Uncertainty surrounding the prices of raw materials puts a burden on the manufacturers, thus affecting the manufacturing process.

Trends Impacting the Industry of Temperature Transmitters:

• Increasing Adoption in Food Safety Management: Due to the perishable nature of food, temperature maintenance is extremely important in the food and beverage industry. In the food and beverage industry, temperature transmitters are employed at different stages to control the temperature based on the food requirements. Additionally, firms are offering this technology specially engineered to measure the strict specifications of High Temperature, Short Test (HTST) for pasteurization.
• Surging Use in Home and Building Automation: Temperature transmitters are requisite in the home and building automation network as they inform smart devices regarding the surrounding environment. Thermal transmitters are the prime transmitters used in home and building automation. These transmitters are included in fire detection alarm systems, HVAC, smart thermostats, and lighting control systems.

Opportunities Unfolding in the Temperature Transmitter Market:

• Escalating Trend of Wearable Devices: Wearable devices are designed to track multiple biometric parameters like body temperature and heartbeat. They are being increasingly adopted among diverse end-users seeking improvement of their health and fitness. Presently, a 1:6 ratio of the population utilizes wearable devices. The future estimates of wearable devices are positive and multiplying. Hence, increasing health consciousness among people is projected to develop significant growth opportunities for manufacturers.
• Government Support: Governments are approving sensor-based projects, which are expected to create significant growth avenues over the forecast period. For instance, in February 2023, the government approved ‘Sensor-based Smart Agriculture’ for Jammu and Kashmir farmers. In March 2021, the Ministry of Jal Shakti deployed one-of-its-kind sensor-based IoT devices to supervise rural water supply management.

2018 to 2022 Sales in Comparison to Temperature Transmitter Demand Outlook for 2023 to 2033

The demand for temperature transmitters observed a 4.1% CAGR from 2018 to 2022. The temperature transmitters find wide applications in industries like food and beverages, oil and gas, metal and mining, paper and pulp, water and wastewater, pharmaceutical, etc.

Temperature transmitters are increasingly demanded in portable and advanced healthcare equipment. Factors like deteriorating lifestyles, an increasing geriatric population, and rising viral infections are expected to fuel the demand for sophisticated healthcare equipment.

Over the forecast period, the market is expected to expand at a CAGR of 6.5%. Supporting factors for market development include:

• The emergence of the miniaturization of equipment
• High potential in emerging economies
• Accelerating deployment in the home and building automation
• The popularity of wearable devices

By 2033 end, the market is projected to amass a total of USD 6.7 billion.

Historical CAGR	4.1%
Forecast CAGR	6.5%

Category-wise Analysis

Thermocouples to Carve a Larger Share in the Market

Historical CAGR	4%
Forecast CAGR	6.3%

The thermocouple segment enjoys a significant share of the market. Thermocouple is deployed in several applications owing to their broad range of technical specifications and models. Within the process industry, these transmitters are significantly deployed in power generation, metal treatment, chemical and petrochemical processing, etc. Thermocouples assist in checking the temperature in petroleum and chemical plants.

What is the Growth Outlook of the Oil and Gas Industry?

In petrochemicals and the oil and gas industry, temperature transmitters are employed in extraction, development, refining, and distribution to avoid moisture, corrosion, and overheating and regulate fuel use.

These temperature transmitters are capable of calculating high temperatures like exhaust gas temperatures. Over the forecast period, the segment is expected to observe continuous growth and drive the sale of temperature transmitters.

Country-wise Analysis

China to Acquire Large Market Share

Country	China
Market Value USD (2033)	USD 1.7 billion

China is projected to account for USD 1.7 billion by 2033, expanding at a significant CAGR of 7.9%. The country holds market leadership in the field of temperature transmitters. Due to the flourishing manufacturing sector, the key players are finding significant growth prospects in the market.

Additionally, the easy availability of raw materials within the country is also a significant factor propelling the market growth. Due to a substantial increase in investment by top players, the China market observed significant growth.

Historical CAGR	6.1%
Forecast CAGR	7.9%

How is the Market Faring in the United States?

Country	The United States
Market Value USD (2033)	USD 1 billion

The United States is expected to attain a market value of USD 1 billion by 2033 end. In the meantime, the market is expanding at a CAGR of 5.3%. The country holds leadership in developing wearable devices, HVAC systems, and compact systems with standalone transmitters. As a result, driving significant sales of temperature transmitters.

Growing awareness about the benefits of these transmitters in different industries, such as oil and gas, automotive, and healthcare, is further supporting the country’s growth.

Historical CAGR	1.1%
Forecast CAGR	5.3%

Strict Government Rules for Industrial Manufacturers in the United Kingdom to Augment Market Growth

Country	The United Kingdom
Market Value USD (2033)	USD 173.8 million

The United Kingdom temperature transmitter industry is projected to obtain USD 173.8 million by 2033. Over the forecast period, the market is projected to trail at a CAGR of 4.9%. Due to strict rules related to environmental safety and emission control in the country, the market is observing substantial growth prospects for temperature transmitter manufacturers.

Numerous government authorities and EU agencies have mandated strict rules for industrial manufacturers to invest in advanced technologies to efficiently monitor outdoor and indoor conditions.

Historical CAGR	0.6%
Forecast CAGR	4.9%

Plan of Action of Firms Focusing on Their Future Prospects

Key players in the temperature transmitter industry are funding research and development to launch advanced versions of temperature transmitters with functional features for industrial applications. In addition, a substantial amount of well-established firms operating in the market are concentrating on acquiring new startups to cement their market position.

Leading players are indulged in boosting their sales volume and reaching new geographical boundaries. These firms can be seen releasing upgraded series of these devices with better operational effectiveness and reduced cost to gain their foothold in the market.

Key Developments in the Temperature Transmitter Market

• Azbil Corporation, one of the top industrial and building automation firms, commenced selling ceiling-mounted temperature transmitters outside of Japan in November 2019. These transmitters are used indoors, mainly in office building HVAC systems.
• OMRON Corporation, one of the top players in industrial automation, extended its D6T series of extremely-sensitive non-contact MEMS thermal transmitters, in August 2018. These transmitters have added narrow-field version transmitters to offer precise non-contact measurements of objects’ temperature for building automation and industrial control systems.
• ABB officially announced the launch of NiTemp, an extremely precise non-invasive temperature transmitter, in November 2018. The device is used to inexact temperature without closing off any system. This novel product unveils new and unprecedented opportunities for the company to measure temperature in process plants.
• In November 2022, Endress+Hauser introduced temperature transmitters called iTEMP TMT31. The product offers flexible use, high measurement precision, and safe operation for reliable temperature measurement in different process industries. These transmitters are equipped with better connection technology and are presented in two optimized formats.

Key Manufacturers in the Temperature Transmitter Market:

• Emerson Electric Company
• ABB Ltd.
• Endress + Hauser AG
• Siemens AG
• Yokogawa Electric Corporation
• Wika Alexander Wiegand SE & Co. KG
• Johnson Controls, Inc.
• Honeywell International Inc.
• Schneider Electric SE
• Vaisala OYJ

Scope of Temperature Transmitter Market Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD billion/ million for Value and Volume in ‘000’ Units
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; The Middle East and Africa
Key Countries Covered	The United States, Canada, Brazil, Mexico, the United Kingdom, Germany, France, Spain, Italy, Russia, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, Oceania, GCC Countries, South Africa, Türkiye
Key Segments Covered	Sensing Technology, Industry, Mounting Technology, Communication Protocol, and Region
Key Companies Profiled	Emerson Electric Company; ABB Ltd.; Endress + Hauser AG; Siemens AG; Yokogawa Electric Corporation; Wika Alexander Wiegand SE & Co. KG; Johnson Controls, Inc.; Honeywell International Inc.; Schneider Electric SE; Vaisala OYJ
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensing Technology
  • 5.1. RTD
  • 5.2. Thermocouple
  • 5.3. Universal
  • 5.4. Multi-channel
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry
  • 6.1. Oil & Gas
  • 6.2. Food & Beverages
  • 6.3. Water & Wastewater
  • 6.4. Paper & Pulp
  • 6.5. Metal & Mining
  • 6.6. Power
  • 6.7. Chemical
  • 6.8. Pharmaceutical
  • 6.9. Others
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Mounting Technology
  • 7.1. Din-Rail
  • 7.2. Head
  • 7.3. Field
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Communication Protocol
  • 8.1. Hart and Wireless Hart
  • 8.2. Foundation Fieldbus
  • 8.3. Profibus PA
  • 8.4. Others
• 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Europe
  • 9.4. Asia Pacific
  • 9.5. MEA
• 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. Key Countries Market Analysis
• 16. Market Structure Analysis
• 17. Competition Analysis
  • 17.1. Emerson Electric Company
  • 17.2. ABB Ltd.
  • 17.3. Endress + Hauser AG
  • 17.4. Siemens AG
  • 17.5. Yokogawa Electric Corporation
  • 17.6. Wika Alexander Wiegand SE & Co. KG
  • 17.7. Johnson Controls, Inc.
  • 17.8. Honeywell International Inc.
  • 17.9. Schneider Electric SE
  • 17.10. Vaisala OYJ
• 18. Assumptions & Acronyms Used
• 19. Research Methodology