Market Overview:
The global industrial fiber optic temperature sensors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fiber optic temperature sensors in various industries such as energy & environmental, construction, aerospace, chemical and petrochemical, metal and glass, medical, food & beverage, electronics and other industries. Fiber optic temperature sensors are used in various applications owing to their advantages such as high accuracy and precision over traditional thermocouples or RTDs; immunity from electromagnetic interference (EMI); fast response time; low power consumption; small size; lightweight; easy installation and maintenance-free operation.
Product Definition:
An industrial fiber optic temperature sensor is a device that uses optical fibers to measure the temperature of a target. This type of sensor is typically used in harsh environments where traditional sensors would be damaged. The importance of industrial fiber optic temperature sensors lies in their ability to withstand high temperatures and corrosive conditions, making them ideal for use in industries such as oil and gas, automotive, and manufacturing.
WLPI Technology:
The World Light Pulse Initiative (WLPI) is a non-profit organization that was formed in the year 2000. The prime purpose of this organization is to develop and promote fiber optic technology for measuring light pulse intensity. This initiative has helped in creating awareness about the advantages of using fiber optics over other technologies used for measuring light pulse intensities, which include photoelectric sensors and optical time-domain reflectometry (OTDR).
GaAs Technology:
GaAs technology and it's usage in industrial fiber optic temperature sensors market is expected to grow at a significant rate over the forecast period. GaAs semiconductor technology has been used for decades in military and defense applications as well as space-based infrared detection systems. However, its use was limited to these specific applications owing to high cost and low efficiency.
Application Insights:
The energy and environmental segment dominated the global market in terms of revenue share in 2017. The growing demand for fiber optic sensors for power monitoring, process control, and asset tracking is expected to drive the segment growth over the forecast period. In addition, increasing investments by oil & gas companies are anticipated to further propel industry expansion over the coming years.
The construction sector is also expected to witness significant growth owing to rising infrastructure development activities across various regions including Asia Pacific and Middle East Africa on account of increasing population coupled with urbanization trends. This factor is projected to result in a high demand for construction equipment which will subsequently fuel product demand during future periods as well.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and businesses alike, technological advancements in manufacturing industries resulting from research & development activities by companies along with government support for innovation & technology transfer from developed economies to developing nations. This has resulted in high demand for industrial fiber optic temperature sensors across Asia Pacific region.
The growing electronics industry coupled with rapid urbanization across emerging economies of Asia Pacific has resulted in increased construction activities which will drive the product demand further over the forecast period.
Growth Factors:
- Increasing demand from the process industries for accurate and reliable temperature measurement is driving the growth of industrial fiber optic temperature sensors market.
- Growing popularity of fiber optic sensors over traditional metal-based sensors due to their advantages such as high accuracy, repeatability, and immunity to electromagnetic interference is propelling the growth of this market.
- Rising demand for smart factories and Industry 4.0 is fueling the growth of industrial fiber optic temperature sensors market as these devices are used in various process control applications for monitoring and controlling temperatures accurately.
- Rapid advancements in technology are resulting in development of new types of optical fibers that can be used for sensing purposes, thereby boosting the growth prospects of this market during forecast period 2019-2025 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Fiber Optic Temperature Sensors Market Research Report
By Type
WLPI Technology, GaAs Technology
By Application
Energy & Environmental, Construction, Aerospace, Chemical and Petrochemical, Metal and Glass, Medical, Food & Beverage, Electronics, Other
By Companies
Panasonic Corporation, Siemens, Calex Electronics Limited, Honeywell, Innovative Sensor, Rugged Monitoring, Yokogawa, Micro-Epsilon, Raytek Corporation, Althen Sensors, Omega Engineering, Micronor Inc., Optocon, Opsens, EFS, FBGS International N.V., FISO Technologies, HBM Test and Measurement, Advanced Energy, Scaime
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Fiber Optic Temperature Sensors Market Report Segments:
The global Industrial Fiber Optic Temperature Sensors market is segmented on the basis of:
Types
WLPI Technology, GaAs Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy & Environmental, Construction, Aerospace, Chemical and Petrochemical, Metal and Glass, Medical, Food & Beverage, Electronics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic Corporation
- Siemens
- Calex Electronics Limited
- Honeywell
- Innovative Sensor
- Rugged Monitoring
- Yokogawa
- Micro-Epsilon
- Raytek Corporation
- Althen Sensors
- Omega Engineering
- Micronor Inc.
- Optocon
- Opsens
- EFS
- FBGS International N.V.
- FISO Technologies
- HBM Test and Measurement
- Advanced Energy
- Scaime
Highlights of The Industrial Fiber Optic Temperature Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- WLPI Technology
- GaAs Technology
- By Application:
- Energy & Environmental
- Construction
- Aerospace
- Chemical and Petrochemical
- Metal and Glass
- Medical
- Food & Beverage
- Electronics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Fiber Optic Temperature Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Fiber Optic Temperature Sensors are used to measure temperature in industrial and commercial settings. They use a light beam to send data back to a receiver, which can then be processed and displayed.
Some of the major companies in the industrial fiber optic temperature sensors market are Panasonic Corporation, Siemens, Calex Electronics Limited, Honeywell, Innovative Sensor, Rugged Monitoring, Yokogawa, Micro-Epsilon, Raytek Corporation, Althen Sensors, Omega Engineering, Micronor Inc., Optocon, Opsens, EFS, FBGS International N.V., FISO Technologies, HBM Test and Measurement, Advanced Energy, Scaime.
The industrial fiber optic temperature sensors market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Fiber Optic Temperature Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Fiber Optic Temperature Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Fiber Optic Temperature Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Fiber Optic Temperature Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Fiber Optic Temperature Sensors Market Size & Forecast, 2018-2028
4.5.1 Industrial Fiber Optic Temperature Sensors Market Size and Y-o-Y Growth
4.5.2 Industrial Fiber Optic Temperature Sensors Market Absolute $ Opportunity
Chapter 5 Global Industrial Fiber Optic Temperature Sensors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Fiber Optic Temperature Sensors Market Size Forecast by Type
5.2.1 WLPI Technology
5.2.2 GaAs Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Fiber Optic Temperature Sensors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Fiber Optic Temperature Sensors Market Size Forecast by Applications
6.2.1 Energy & Environmental
6.2.2 Construction
6.2.3 Aerospace
6.2.4 Chemical and Petrochemical
6.2.5 Metal and Glass
6.2.6 Medical
6.2.7 Food & Beverage
6.2.8 Electronics
6.2.9 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Fiber Optic Temperature Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Fiber Optic Temperature Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Fiber Optic Temperature Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Fiber Optic Temperature Sensors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Fiber Optic Temperature Sensors Market Size Forecast by Type
9.6.1 WLPI Technology
9.6.2 GaAs Technology
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Fiber Optic Temperature Sensors Market Size Forecast by Applications
9.10.1 Energy & Environmental
9.10.2 Construction
9.10.3 Aerospace
9.10.4 Chemical and Petrochemical
9.10.5 Metal and Glass
9.10.6 Medical
9.10.7 Food & Beverage
9.10.8 Electronics
9.10.9 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Fiber Optic Temperature Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Fiber Optic Temperature Sensors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Fiber Optic Temperature Sensors Market Size Forecast by Type
10.6.1 WLPI Technology
10.6.2 GaAs Technology
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Fiber Optic Temperature Sensors Market Size Forecast by Applications
10.10.1 Energy & Environmental
10.10.2 Construction
10.10.3 Aerospace
10.10.4 Chemical and Petrochemical
10.10.5 Metal and Glass
10.10.6 Medical
10.10.7 Food & Beverage
10.10.8 Electronics
10.10.9 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Fiber Optic Temperature Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Fiber Optic Temperature Sensors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Fiber Optic Temperature Sensors Market Size Forecast by Type
11.6.1 WLPI Technology
11.6.2 GaAs Technology
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Fiber Optic Temperature Sensors Market Size Forecast by Applications
11.10.1 Energy & Environmental
11.10.2 Construction
11.10.3 Aerospace
11.10.4 Chemical and Petrochemical
11.10.5 Metal and Glass
11.10.6 Medical
11.10.7 Food & Beverage
11.10.8 Electronics
11.10.9 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Fiber Optic Temperature Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Fiber Optic Temperature Sensors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Fiber Optic Temperature Sensors Market Size Forecast by Type
12.6.1 WLPI Technology
12.6.2 GaAs Technology
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Fiber Optic Temperature Sensors Market Size Forecast by Applications
12.10.1 Energy & Environmental
12.10.2 Construction
12.10.3 Aerospace
12.10.4 Chemical and Petrochemical
12.10.5 Metal and Glass
12.10.6 Medical
12.10.7 Food & Beverage
12.10.8 Electronics
12.10.9 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Fiber Optic Temperature Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Fiber Optic Temperature Sensors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Fiber Optic Temperature Sensors Market Size Forecast by Type
13.6.1 WLPI Technology
13.6.2 GaAs Technology
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Fiber Optic Temperature Sensors Market Size Forecast by Applications
13.10.1 Energy & Environmental
13.10.2 Construction
13.10.3 Aerospace
13.10.4 Chemical and Petrochemical
13.10.5 Metal and Glass
13.10.6 Medical
13.10.7 Food & Beverage
13.10.8 Electronics
13.10.9 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Fiber Optic Temperature Sensors Market: Competitive Dashboard
14.2 Global Industrial Fiber Optic Temperature Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic Corporation
14.3.2 Siemens
14.3.3 Calex Electronics Limited
14.3.4 Honeywell
14.3.5 Innovative Sensor
14.3.6 Rugged Monitoring
14.3.7 Yokogawa
14.3.8 Micro-Epsilon
14.3.9 Raytek Corporation
14.3.10 Althen Sensors
14.3.11 Omega Engineering
14.3.12 Micronor Inc.
14.3.13 Optocon
14.3.14 Opsens
14.3.15 EFS
14.3.16 FBGS International N.V.
14.3.17 FISO Technologies
14.3.18 HBM Test and Measurement
14.3.19 Advanced Energy
14.3.20 Scaime
