At 5.5% CAGR, Europe Temperature Sensor Market is Projected to be Worth US$ 2,111.95 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe temperature sensor market was valued at US$ 1,450.64 million in 2023 and is expected to reach US$ 2,111.95 million by 2030, registering a CAGR of 5.5% from 2023 to 2030. Growing adoption across various industries, increasing number of data centers, and strategic initiatives by government are among the critical factors attributed to drive the Europe temperature sensor market growth.

A growing number of data center construction activities worldwide is accelerating the market. For instance, in February 2023, the government of Maharashtra signed a memorandum of understanding (MoU) with UK-based Ark Data Centers and Japan's Nippon Telegraph and Telephone (NTT) for the construction of two new data centers in Pune. The MoU with NTT covers an investment of US$ 2.5 billion for the development of data centers in Pune, Mumbai, Thane, and Nagpur. This project generated the demand for temperature sensors for monitoring temperature ranges in the data center. Below mentioned are a few of the largest data center projects:

In 2024, Equinix disclosed its intentions to build a data center campus on a former industrial site in Slough, 20 miles west of London.

In 2024, Atlas Edge opened a new data center in Leeds, a city in northern England. The facility offers colocation, cloud services, and connectivity in one of the UK's fastest-growing towns and a major hub for the digital economy.

In 2023, Google announced the opening of a second cloud location in Germany as part of its 2030 US$ 1.08 billion investment in German digital infrastructure.

In 2023, the engineering company Avacon Group and the energy provider enviaM Group collaborated to build a data center in the German region of Hanover's Sehnde-Ost industrial sector. The data center, which will house 28,000 servers at the highest security level, would occupy 2,000 square meters, the firms said in a joint statement.

Data centers are increasingly using temperature sensors to monitor key environments. A change in the data center’s temperature results in overheating and can cause downtime. The replacement of damaged equipment may incur huge expenses for the data center during downtime. For instance, according to the ASHRAE report of 2021, a data center requires a minimum of six temperature sensors per rack for monitoring the air inflow and exhaust temperatures. Similarly, high-density data centers most commonly use more than six temperature sensors per rack to measure more accurate temperature ranges, especially ambient temperature of 80°F. Thus, the growing number of data center construction activities has surged the demand for temperature sensors for measuring temperate ranges and overheating equipment.

On the contrary, high costs associated with the temperature sensors hamper the growth of Europe temperature sensor market.

Based on type, the Europe temperature sensor market is segmented into thermocouple, resistance temperature detectors (RTD), thermistor, infrared, and others. The thermocouple segment held 39.4% share of Europe temperature sensor market share in 2023, amassing US$ 571.98 million. It is projected to garner US$ 878.28 million by 2030 to register 6.3% CAGR during 2023–2030.

In terms of connectivity, the Europe temperature sensor market is segmented into wired and wireless. The wired segment held 69.1% share of Europe temperature sensor market in 2023, amassing US$ 1,002.88 million. It is anticipated to garner US$ 1,416.99 million by 2030 to expand at 5.1% CAGR during 2023–2030.

By end user, the Europe temperature sensor market is segmented into semiconductor manufacturing, healthcare & pharma, food and beverage, data center, aerospace, energy & utilities, and others. The semiconductor manufacturing segment held 28.9% share of Europe temperature sensor market in 2023, amassing US$ 418.81 million. It is projected to garner US$ 660.45 million by 2030 to expand at 6.7% CAGR from 2023 to 2030.

Based on country, the Europe temperature sensor market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 32.5% share of Europe temperature sensor market in 2023. It was assessed at US$ 471.77 million in 2023 and is likely to hit US$ 768.92 million by 2030, registering a CAGR of 7.2% during 2023–2030.

Key players operating in the Europe temperature sensor market are Texas Instruments Inc.; Siemens Ltd.; TE Connectivity Ltd.; Amphenol LTW Ltd.; Analog Devices Inc.; Emerson Electric Co.; Microchip Technology Inc.; Panasonic Corporation; Honeywell International, Inc.; and NXP Semiconductors N.V, among others.

• In May-2022, Designed for a wide range of healthcare and industrial applications, including vital signs monitoring, hearing aids, and motion-enabled metering devices, Analog Devices Inc.’s (ADI) three-axis ADXL367 MEMS accelerometer improves power consumption by two times versus a previous generation of the device (ADXL362) while improving noise performance by up to over 30%. Key features include 200nW motion detection in wakeup mode and 970nW in measurement; and deep multimode output FIFO, a built-in micropower temperature sensor, an internal ADC for synchronous conversion of an additional analog input, and single/double tap detection and state machine to prevent a false triggering.

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