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Temperature Monitoring Systems - Global Strategic Business Report

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    Report

  • 93 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303586
The global market for Temperature Monitoring Systems was estimated at US$5.4 Billion in 2023 and is projected to reach US$7.5 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Temperature Monitoring Systems Market - Key Trends and Drivers Summarized

How Are Temperature Monitoring Systems Enhancing Safety and Compliance?

Temperature monitoring systems are crucial tools used across various industries to ensure the accurate tracking and management of temperature-sensitive processes, products, and environments. These systems are designed to maintain safety, quality, and compliance standards in industries like healthcare, pharmaceuticals, food and beverage, manufacturing, and logistics. They comprise sensors, data loggers, IoT-based wireless devices, and software platforms that enable real-time monitoring, alerts, and data analytics. By providing continuous, reliable, and automated temperature tracking, these systems help prevent spoilage, ensure regulatory compliance, and maintain optimal conditions for production and storage.

What Are the Key Segments in the Temperature Monitoring Systems Market?

Key types include fixed, portable, and wireless systems, with wireless systems holding the largest market share due to their flexibility, scalability, and ability to integrate with IoT platforms. Technologies used in these systems include infrared sensors, thermocouples, resistance temperature detectors (RTDs), and thermistors, with infrared sensors leading the segment for their non-contact, high-accuracy measurement capabilities. End-users include the pharmaceutical industry, food and beverage sector, healthcare facilities, manufacturing units, and cold chain logistics, with the pharmaceutical industry representing a significant share driven by the need for temperature control in vaccine storage, biologics, and clinical trials.

How Are Temperature Monitoring Systems Integrated Across Industries?

In the pharmaceutical sector, temperature monitoring systems are vital for maintaining compliance with Good Distribution Practice (GDP) standards, ensuring the safe storage and transportation of vaccines, biologics, and other temperature-sensitive drugs. In the food and beverage industry, these systems help maintain freshness and quality by continuously monitoring storage conditions in cold storage units, warehouses, and during transit. In healthcare, temperature monitoring systems are used to control the conditions in operating rooms, patient wards, and laboratories, ensuring patient safety and optimal operational efficiency. Additionally, in manufacturing, these systems are integrated into production lines to monitor process temperatures, preventing equipment failures, ensuring product quality, and reducing energy consumption.

What Factors Are Driving the Growth in the Temperature Monitoring Systems Market?

The growth in the Temperature Monitoring Systems market is driven by several factors, including increasing demand for real-time monitoring solutions, rising regulatory requirements in healthcare and food safety, and advancements in IoT and wireless communication technologies. Innovations like AI-driven analytics, cloud-based platforms, and enhanced sensor accuracy have supported broader adoption across industries.

The focus on improving quality control, maintaining product integrity, and ensuring compliance with safety standards has further fueled demand, as temperature monitoring systems provide comprehensive tracking and alerts. Additionally, growing cold chain logistics, expanding pharmaceutical production, and the rising emphasis on food safety have contributed to market growth, encouraging the deployment of advanced temperature monitoring systems.

Scope of the Study

The report analyzes the Temperature Monitoring Systems market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.

Segments

Type (Contact, Non-Contact); Application (Hospital Room & Patient, Cold Storage, Manufacturing Area, Laboratory, Server Room, Other Applications)

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Contact Temperature Monitoring Systems segment, which is expected to reach US$4.6 Billion by 2030 with a CAGR of a 3.9%. The Non-Contact Temperature Monitoring Systems segment is also set to grow at 6.1% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.4 Billion in 2023, and China, forecasted to grow at an impressive 7.1% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Temperature Monitoring Systems Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Temperature Monitoring Systems Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Temperature Monitoring Systems Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players in the Global Temperature Monitoring Systems Market such as 3M, ABB Ltd., Deltatrak, Emerson Electric, Fluke Corporation (A Subsidiary of Fortive Corporation) and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 37 companies featured in this Global Temperature Monitoring Systems Market report include:

  • 3M
  • ABB Ltd.
  • Deltatrak
  • Emerson Electric
  • Fluke Corporation (A Subsidiary of Fortive Corporation)
  • Honeywell
  • Kelsius, Ltd.
  • Monnit Corporation
  • Omega Engineering (A Subsidiary of Spectris)
  • Rees Scientific
  • Sensoscientific, Inc.
  • Siemens AG
  • Testo AG
  • Thermo Fisher Scientific
  • Vaisala

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Temperature Monitoring Systems - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Cold Chain Logistics Drives Adoption of Temperature Monitoring Systems
  • Growing Use in Vaccine Distribution Strengthens Demand for Monitoring Solutions
  • Advancements in IoT-Enabled Temperature Sensors Propel Market Growth
  • Focus on Reducing Food Waste Spurs Temperature Monitoring Adoption
  • Increasing Use in Healthcare Facilities Expands Addressable Market
  • Integration with Cloud-Based Systems Enhances Data Management Capabilities
  • Rising Demand for Real-Time Monitoring Solutions Drives Adoption
  • Growing Use in Industrial and Manufacturing Processes Expands Applications
  • Adoption in Warehousing and Logistics Strengthens Business Case
  • Advancements in Wireless Monitoring Systems Expand Market Scope
  • Growing Awareness of Quality Control in Perishable Goods Spurs Adoption
  • Rising Use in Remote and Automated Monitoring Solutions Sustains Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Temperature Monitoring Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Temperature Monitoring Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Temperature Monitoring Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Contact by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Non-Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Non-Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Non-Contact by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Hospital Room & Patient by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Hospital Room & Patient by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Hospital Room & Patient by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Cold Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Cold Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Cold Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Manufacturing Area by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Manufacturing Area by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Manufacturing Area by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Laboratory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Laboratory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Laboratory by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Server Room by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Server Room by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Server Room by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 28: World Temperature Monitoring Systems Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Temperature Monitoring Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • 3M
  • ABB Ltd.
  • Deltatrak
  • Emerson Electric
  • Fluke Corporation (A Subsidiary of Fortive Corporation)
  • Honeywell
  • Kelsius, Ltd.
  • Monnit Corporation
  • Omega Engineering (A Subsidiary of Spectris)
  • Rees Scientific
  • Sensoscientific, Inc.
  • Siemens AG
  • Testo AG
  • Thermo Fisher Scientific
  • Vaisala

Table Information