Market Overview:
The global temperature converter 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 temperature converters in various applications, such as electronics industry, communication, automatic control, and others. Additionally, the growing demand for miniaturized and portable devices is also contributing to the growth of this market.
Product Definition:
Temperature Converter is a tool to convert temperature from one unit to another. It is important for weather forecasting, scientific research and many other applications.
Analog-to-digital converters (ADCs):
Analog-to-digital converters (ADCs) are electronic devices or circuits that convert an analog signal to a digital one. It is used in various applications such as temperature converter, battery monitor, and so on. The growth factor of the market for ADCs is its application in wireless communication systems such as GSM/GPRS, WiMAX and Bluetooth technology which has increased the demand for these converters significantly over the past few years.
Digital-to-analog converters (DACs):
Digital-to-analog converters (DACs) are electronic devices that perform the conversion of digital signals to analog signals. The analog signal is further converted to a temperature in the case of thermometers and other instruments. A DAC is an essential component used in any system or device that involves measurement, display, and transmission of data. It converts digital values into audible sound waves or infrared light waves depending on the type of sensors present in a system.
Application Insights:
The electronics industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Electronics manufacturers use temperature converters for various applications such as industrial PC boards, electronic devices, mobile phones and consumer electronics among others. The growing demand for miniaturized electronic devices is anticipated to boost product demand over the forecast period.
Automotive sector is also one of the significant end-users of these converters owing to rising need for advanced safety systems in vehicles coupled with increasing fuel prices across various regions including Europe and Asia Pacific.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the increasing demand for temperature sensors from various end-use industries such as industrial, medical, and automotive. The growing adoption of temperature sensors in these applications is anticipated to drive the overall market growth. Furthermore, technological advancements coupled with an increase in R&D activities are also expected to drive regional growth over the forecast period.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to high product demand from several end-use industries such as electronics and automotive. The presence of major electronic manufacturing countries including China and Japan are contributing significantly towards regional growth due to which it is projected that this region will account for a revenue share exceeding 20% by 2030 (CAGR 5%).
Growth Factors:
- Increasing demand for temperature converters in the automotive industry for engine cooling and air conditioning systems.
- Growing demand from the HVAC sector for temperature converters in residential and commercial buildings.
- Rising popularity of portable devices such as smartphones, tablets, and laptops that require temperature converters for charging batteries or powering other electronic components.
- Proliferation of IoT devices that need efficient thermal management to prevent overheating and malfunctioning 5) Technological advancements that result in more compact, energy-efficient, and reliable temperature converters
Scope Of The Report
Report Attributes
Report Details
Report Title
Temperature Converter Market Research Report
By Type
Analog-to-digital converters (ADCs), Digital-to-analog converters (DACs)
By Application
Electronics Industry, Communication, Automatic Control, Other
By Companies
ABB, Omron, Pepperl+Fuchs, RED LION, PHOENIX CONTACT, CROUZET, PCE Instruments, Lutze
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Temperature Converter Market Report Segments:
The global Temperature Converter market is segmented on the basis of:
Types
Analog-to-digital converters (ADCs), Digital-to-analog converters (DACs)
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
Electronics Industry, Communication, Automatic Control, 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:
- ABB
- Omron
- Pepperl+Fuchs
- RED LION
- PHOENIX CONTACT
- CROUZET
- PCE Instruments
- Lutze
Highlights of The Temperature Converter 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:
- Analog-to-digital converters (ADCs)
- Digital-to-analog converters (DACs)
- By Application:
- Electronics Industry
- Communication
- Automatic Control
- 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 Temperature Converter 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A temperature converter is a device that can change the temperature of an object from one unit to another.
Some of the key players operating in the temperature converter market are ABB, Omron, Pepperl+Fuchs, RED LION, PHOENIX CONTACT, CROUZET, PCE Instruments, Lutze.
The temperature converter 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 Temperature Converter 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 Temperature Converter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Temperature Converter 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 Temperature Converter 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 Temperature Converter Market Size & Forecast, 2020-2028
4.5.1 Temperature Converter Market Size and Y-o-Y Growth
4.5.2 Temperature Converter Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Analog-to-digital converters (ADCs)
5.2.2 Digital-to-analog converters (DACs)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Electronics Industry
6.2.2 Communication
6.2.3 Automatic Control
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Temperature Converter 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 Temperature Converter 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Analog-to-digital converters (ADCs)
9.6.2 Digital-to-analog converters (DACs)
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 Market Size Forecast by Applications
9.10.1 Electronics Industry
9.10.2 Communication
9.10.3 Automatic Control
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Analog-to-digital converters (ADCs)
10.6.2 Digital-to-analog converters (DACs)
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 Market Size Forecast by Applications
10.10.1 Electronics Industry
10.10.2 Communication
10.10.3 Automatic Control
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Analog-to-digital converters (ADCs)
11.6.2 Digital-to-analog converters (DACs)
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 Market Size Forecast by Applications
11.10.1 Electronics Industry
11.10.2 Communication
11.10.3 Automatic Control
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Analog-to-digital converters (ADCs)
12.6.2 Digital-to-analog converters (DACs)
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 Market Size Forecast by Applications
12.10.1 Electronics Industry
12.10.2 Communication
12.10.3 Automatic Control
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Analog-to-digital converters (ADCs)
13.6.2 Digital-to-analog converters (DACs)
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) Market Size Forecast by Applications
13.10.1 Electronics Industry
13.10.2 Communication
13.10.3 Automatic Control
13.10.4 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 Temperature Converter Market: Competitive Dashboard
14.2 Global Temperature Converter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Omron
14.3.3 Pepperl+Fuchs
14.3.4 RED LION
14.3.5 PHOENIX CONTACT
14.3.6 CROUZET
14.3.7 PCE Instruments
14.3.8 Lutze
