Temperature Monitoring Systems Market Size – USD 4.9 billion in 2020, Market Growth – at a CAGR of 4.2%, Market Trends – The rapidly growing industrial manufacturing sector
The Global Temperature Monitoring Systems Market size is expected to reach USD 6.6 billion by 2028 at a CAGR of 4.2%, according to a new report by Reports and Data. The steadily growing demand for advanced temperature monitoring systems across the food & beverage, pharmaceutical, life sciences, manufacturing, e-commerce, and chemical industries is one of the most fundamental factors driving this market’s growth. The rapidly growing manufacturing sector, rising government focus on maintaining the quality and safety of foods and medicinal drugs, stringent regulatory norms product quality and storage, and the increasing e-commerce and logistics activities around the world are the crucial parameters contributing to the global market growth.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3889
Temperature monitoring systems control
and regulate the temperature of a product while preserving its freshness and
quality and extending its shelf life. The standard features of temperature
monitoring devices include temperature tracking, customized indicators, and
automatic notifications or warnings on excessively low or high temperatures.
Therefore, the extensive applications of these devices across the
pharmaceutical, food & beverage, cold chain logistics, retail &
e-commerce, and chemical industries have accelerated the global temperature
monitoring systems market growth. The recent COVID-19 outbreak, increasing
demand for temperature monitoring systems across hospitals and other healthcare
settings, and the surging demand for non-contact-based temperature monitoring
systems to mitigate the spread of the infection have further propelled the
market growth. However, the escalating costs of wireless temperature monitoring
systems and their longer installation time are specific factors predicted to
impede the global market growth in the near future.
Key Highlights of the Report:
·
The non-contact-based temperature
monitoring systems segment dominated the global temperature monitoring systems
market in 2020 and is expected to hold the largest market share over the
projected timeframe. The amplifying demand for contactless temperature
monitoring devices amid the ongoing COVID-19 pandemic is a vital factor
bolstering this segment’s growth.
·
Based on application, the hospital
room andpatient temperature monitoring segment stands out as the leading
market segment with the highest revenue share. A spike in the geriatric
population worldwide, rising incidences of infectious diseases, and increased
hospital admissions are predicted to boost this segment’s growth.
·
Among the leading market regions, the
Asia Pacific region is poised to emerge as the frontrunner in the global
temperature monitoring systems market over the forecast years. The
flourishing manufacturing sector in the region, mainly in China, increasing
trade & commerce activities, the presence of leading e-commerce companies,
including the Alibaba Group, and the soaring demand for advanced patient
temperature monitoring systems in the healthcare sector have fueled the Asia
Pacific market growth.
·
The key market players include Abb
Ltd., Honeywell International Inc., Testo AG, 3M Company, Siemens AG,
Koninklijke Phillip, Emerson Electric Company, Briggs Healthcare, Omron
Healthcare, Terumo Corporation, Rees Scientific, Monnit Corporation, Omega
Engineering, DeltaTrak, Inc, SensoScientific, Inc., Isensix, Inc., and
Cooper-Atkins Corporation.
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/3889
For the purpose of this report, the global
temperature monitoring systems market has been segmented based on
product type, application, end-user, and region:
By Product Type (Revenue, USD
Billion; 2018-2028)
·
Contact-based Temperature Monitoring
Systems
o
Conventional Temperature Monitoring Systems
o
Wireless Temperature Monitoring
Systems
o
Temperature Measuring Strips and
Labels
·
Non-contact-based Temperature
Monitoring System
o
Thermal Imagers
o
Fiber Optic Thermometers
o
Pyrometers and Infrared Thermometers
By Application (Revenue, USD Billion;
2018-2028)
·
Cold Storage Temperature Monitoring
·
Manufacturing Area Temperature
Monitoring
·
Laboratory Temperature Monitoring
·
Hospital Room and Patient Temperature
Monitoring
·
Home Care Temperature Monitoring
·
Green House Temperature Monitoring
·
Server Room Temperature Monitoring
By End-user (Revenue, USD Billion;
2018-2028)
·
Healthcare Facilities
o
Healthcare Providers
o
Blood Banks, Tissue Banks, IVF
Clinics, and Diagnostic Labs
o
Patient Monitoring & Home Care
Settings
o
Others
·
Pharmaceutical and Biotechnology
Companies
·
Medical Device Manufacturing
Companies
·
Food and Beverage Industry
·
Chemical and Petrochemical Industries
·
Energy & Power Industry
·
Others (Automotive, aerospace &
defense, electronics, metal & mining, etc.)
By Region (Revenue, USD Billion;
2018-2028)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
France
o
BENELUX
o
Rest of Europe
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
o
Rest of the Asia Pacific
·
Latin America
o
Brazil
o
Rest of Latin America
·
Middle East & Africa
o
Saudi Arabia
o
UAE
o
Rest of the Middle East & Africa
View Exhaustive Market Research Report @ https://www.reportsanddata.com/report-detail/temperature-monitoring-systems-market
Reasons to invest in this
report:
- To gain a thorough, in-depth understanding
of the global Temperature Monitoring Systems Market.
- To study the latest trends and projected
growth rate over the forecast timeline.
- To assist the industry specialists, market
investors, and stakeholders line up their market-centric strategies to
make profits.
- To acquire well-informed insights to make
correct business decisions.
- To conduct a competitive analysis of major
market participants of the industry.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources &
Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Material Type Outlook
2.3. Application Outlook
2.4. Regional Insights
Chapter 3. Temperature Monitoring Systems Market Variables,
Trends & Scope
Continued….
Browse More Reports:
Oncology Information System Market Share
About Us:
Reports
and Data is a market research and consulting company that provides syndicated
research reports, customized research reports, and consulting services. Our
solutions purely focus on your purpose to locate, target and analyze consumer
behavior shifts across demographics, across industries and help client’s make a
smarter business decision. We offer market intelligence studies ensuring
relevant and fact-based research across a multiple industries including
Healthcare, Technology, Chemicals, Power and Energy. We consistently update our
research offerings to ensure our clients are aware about the latest trends
existent in the market.
Contact Us:
John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports
and Data | Web: www.reportsanddata.com
News: www.reportsanddata.com/market-news
Connect
with us: Facebook | LinkedIn | Twitter
No comments:
Post a Comment