Temperature Sensors Industry Overview

Temperature sensor is the original metal equipment through a special process to meet the special requirements of industrial thermometers for downstream large-scale electromechanical production and manufacturing enterprises, equipment production and energy research and other enterprises to use. Temperature sensor manufacturer is connected to the metal component manufacturers, cable processing, metal processing materials and automated industrial manufacturing, aerospace, equipment manufacturing and other downstream enterprises of the bridge, play a role in contact and link.

1、Upstream industry

The upstream of temperature sensors for thermal materials, precious metals, cables and other raw materials processing industry. Among them, platinum wire, copper alloy and other precious metal materials, although expensive, but the actual use of less, can be realized through the normal market procurement supply; platinum resistance is the main heat-sensitive materials used in the heat meter temperature sensor, the current domestic market of platinum resistance, especially high-quality platinum resistance, mainly rely on imports.

In recent years, Germany, Switzerland and other places appeared several emerging suppliers of high-quality platinum resistors, which to a certain extent exacerbated the degree of competition in the market for such raw materials, contributed to the decline in the price of imported high-quality platinum resistors. Therefore, the temperature sensor industry's upstream industry is more fully competitive, stable supply of goods, at the same time, the increasingly fierce competition in the upstream industry has also contributed to the decline in raw material prices, so that the temperature sensor industry has become a direct beneficiary.

2. Downstream industry

Temperature sensor downstream demand is very broad, covering equipment manufacturing, heat measurement, industrial automation, wind power, agriculture, new energy, environmental protection and daily life and other aspects of the huge demand for the downstream market for the temperature sensor industry provides a broad space for development.

Temperature sensors are the most used sensor type in automated measurement and control systems. The increase in the level of automation of industrial equipment not only generates a huge demand for temperature sensors, but also puts forward higher requirements for the performance and reliability of temperature sensors.

At present, most of the temperature sensors on the domestic market are manufactured using the design technology of the 1990s, with poor reliability and short service life, which can no longer meet the requirements of high-end automation control equipment for temperature monitoring. Therefore, with the increasing demand for high-end temperature sensors in refrigeration equipment, scientific instruments and measuring instruments, wind power equipment and solar energy equipment, medical equipment and other industries, high reliability, good stability, long service life, intelligent temperature sensors will usher in a huge space for development.

3. Industry barriers

(1) Technical barriers

Early domestic temperature sensor technology level is low, product accuracy and stability is poor, can not meet the requirements of automation upgrade. In recent years, with the downstream industry's performance and reliability requirements for temperature sensors, the demand for medium and high-end temperature sensors is increasing, and product development is becoming increasingly difficult, therefore, the lack of effective accumulation of technology related to temperature sensors is a key obstacle faced by new entrants.

(2) Industry experience barriers

Temperature sensor industry research and development, design process requires a lot of experience in the accumulation of parameters, and grasp the industry downstream enterprises on the standard requirements of temperature sensors and product demand. New entrants to the industry need to cultivate a certain amount of time to accumulate customers and industry experience, therefore, the industry experience barrier as one of the barriers to entry into this industry.

(3) Talent barriers

The design and manufacture of temperature sensors involves many disciplines, and the differences in the specific applications of the downstream industry determines that temperature sensors need to meet the different applicable environments, accuracy levels, stability and many other requirements. At present, the industry's professional and technical personnel is relatively limited, the talent is mainly dependent on enterprises in the R & D practice training. Therefore, new entrants will face high talent barriers.

4. Characteristics of industry development

(1) Cyclicality of the industry

The development of the temperature sensor industry is closely related to the level of automation of the national industry and the overall macroeconomic conditions. With the implementation of a series of national policies and measures to promote the development of temperature sensors, as well as downstream industries generate a huge market demand, the temperature sensor industry will usher in the future broad space for development. At the same time, the temperature sensor application field is wide, different kinds of temperature sensor products market demand and its downstream industry policy environment, development level, economic efficiency and other factors consistent with the trend.

(2) Seasonality of the industry

The temperature sensor industry as a whole has no obvious seasonal characteristics.

Global Temperature Sensors Market by Region, 2022

5. Industry risk characteristics

(1) New technology application risk

Temperature sensor is a comprehensive and wide-ranging field, with the arrival of information technology, intelligent era, people put forward the temperature measurement and control of high precision, intelligent higher requirements. Personalized customer demand will gradually highlight the characteristics of the product update frequency will be gradually accelerated, the market for the industry's technical reserves, rapid research and development, rapid response to orders, the ability to differentiate production will have higher requirements.

(2) Risk of increased market competition

The broad market prospects of the sensor industry has attracted and gathered a large number of enterprises, especially temperature sensors as the most basic and major product types in the field of sensors, industry competition is becoming increasingly fierce. In the current domestic temperature market to participate in the main body, foreign developed countries, sensor manufacturers have strong technical strength and rich experience, especially in the field of high-end temperature sensors with strong competitive strength. In such a competitive environment, most of the domestic temperature sensor manufacturers are small, relatively weak technical strength, mainly through the cost and price advantage to fight for market share, therefore, increasingly fierce market competition will bring more challenges to the production and operation of domestic enterprises.

First, the industry's survival background, industrial policy, industrial layout, industrial life cycle, the industry's position in the overall macro-industrial structure as well as their respective development and evolution direction and growth background;

The second is to study the characteristics, competitive dynamics, difficulty of market entry and exit, and market growth within each industry market;

The third is to study the competitive strategies and market behavior patterns of various industries under different conditions and growth stages, and provide some operational suggestions to enterprises.