The global temperature monitoring systems market was valued US$ 3,976.2 Mn in 2017 and is expected register growth at 4.2% CAGR during the forecast period from 2018 to 2026.
Get a sample copy for more information
"North America Leads; Asia Pacific to Register Stronger Growth during the Forecast Period"
In 2017, North America led the global temperature monitoring systems market in terms of value contribution. The region accounted for over 35% of the global temperature monitoring systems market in the same year. The dominance is largely credited to the combination of factors including growing adoption of wireless variants among pharmaceutical and food & beverage industries, stringent regulatory for ensuring product quality across these industry verticals, and technology advances leading to the replacement of existing units with the state-of-the-art variants. On the other hand, Asia Pacific is poised to register relatively superior growth during the forecast period from 2018 to 2026. The anticipated demand will be driven by steady growth in industrial sector and increasing number of healthcare facilities in the region.
Get a sample copy for more information
"Rise in Adoption of Non-contact-based Units to Complement Market Growth during the Forecast Period"
In 2017, the value contribution from contact-based temperature monitoring systems was highest in the global temperature monitoring systems. These systems being the conventional and most widely recognized monitoring solutions across industry verticals, account for majority of the market value share. The trend is expected to continue and the segment is expected to register steady growth through 2026. On the other hand, non-contact-based temperature monitoring solutions are estimated to register relatively higher adoption rate during the forecast period from 2018 to 2026. The demand for non-contact-based monitoring units will be driven by growing emphasis on continuous temperature monitoring across temperature sensitive applications such as patient care, cold storage, and server room maintenance among others.
Get a sample copy for more information
Key Players:
Some of the leading manufacturers profiled in the research study include 3M Company, ABB Ltd., Emerson Electric, Honeywell International Inc., Deltatrack, Siemens AG, Thermo Fisher Scientific, Testo AG, Fluke Corporation (Subsidiary of Fortive Corporation), Kelsius, Ltd., Rees Scientific, Omega Engineering (A Subsidiary of Spectris), and Monnit Corporation among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Product Type Segment (2016–2026; US$ Mn)
• Contact-based Temperature Monitoring Systems
• Non-contact-based Temperature Monitoring Systems
|
|
End-use Vertical Segment (2016–2026; US$ Mn)
• Food & Beverage
• Healthcare
• Semiconductors & Electronics
• Oil & Gas
• Automotive
• Transportation & Logistics
• Others (Power & Energy, IT & Telecom, etc.)
|
|
Geography Segment (2016–2026; US$ Mn)
• North America(U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the global temperature monitoring systems market size in 2016 & 2017?
- What is the estimated forecast and market projections from 2018 up to 2026?
- Which is the largest regional market for temperature monitoring systems?
- Which product variant contributes the largest revenue worldwide?
- Which end-use segment (industry vertical) has the highest penetration of temperature monitoring systems worldwide?
- Predominant trends shaping the global temperature monitoring systems market worldwide
- Who are the leading manufacturers in the global temperature monitoring systems market worldwide?
- What are the key strategies adopted by the leading manufacturers in the global temperature monitoring systems market?
