The global temperature monitoring systems market was valued at US$ 3,976.2 million in 2017 and is expected to expand at a CAGR of 4.2% during the forecast from 2018 to 2026.
Market Insights
Temperature monitoring represents one of the most crucial elements of the industrial production process. May it be alloyed melting in the automotive industry, glass syringe production in the life science industry, or foil thermoforming in the plastic industry, temperature monitoring, and measurement is prerequisite activity across the entire production line. An undetected inconsistency in temperature across the production processes may lead to machine downtime and cost millions of dollars to the company. Considering and understanding the consequences, manufacturers/companies across the globe are deploying temperature monitoring systems on-premise. While the deployment of temperature monitoring systems was predominantly confined to industry verticals such as food & beverage, automotive, electronics, and oil and gas, in the beginning, technology advances have extended the adoption of these devices in commercial & corporate segments.
The use of temperature monitoring units at IT locations like data centers and server rooms help avoid heat buildup and enable business organizations to keep track of critical temperatures across sites. In addition, the advent of wireless temperature monitoring systems has allowed end-users to achieve automated and real-time internet-based temperature monitoring. Need for continuous/regular interval temperature monitoring remains the overriding factor driving the market growth worldwide. Advancements in technology have led to the introduction of more efficient and feature-rich temperature monitoring variants, driving the replacement demand. The trend is ubiquitous especially in developed economies like North America & Europe.
In terms of industry verticals, transportation & logistics represent one of the fastest growing segment due to the proliferation of e-commerce. The rise in e-commerce industry has led to an increase in the number of warehouses and storage facilities where specific temperatures need to be maintained. Thus, the rise in e-commerce activities is identified as the major factor driving demand for temperature monitoring systems worldwide. In addition, industry verticals including pharmaceuticals and food & beverage are presumed to witness stronger adoption of temperature monitoring systems due to the requirement of maintaining the desired temperature in wake of perishable characteristics of products in these verticals. 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.
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Market Insights
Temperature monitoring represents one of the most crucial elements of the industrial production process. May it be alloyed melting in the automotive industry, glass syringe production in the life science industry, or foil thermoforming in the plastic industry, temperature monitoring, and measurement is prerequisite activity across the entire production line. An undetected inconsistency in temperature across the production processes may lead to machine downtime and cost millions of dollars to the company. Considering and understanding the consequences, manufacturers/companies across the globe are deploying temperature monitoring systems on-premise. While the deployment of temperature monitoring systems was predominantly confined to industry verticals such as food & beverage, automotive, electronics, and oil and gas, in the beginning, technology advances have extended the adoption of these devices in commercial & corporate segments.
The use of temperature monitoring units at IT locations like data centers and server rooms help avoid heat buildup and enable business organizations to keep track of critical temperatures across sites. In addition, the advent of wireless temperature monitoring systems has allowed end-users to achieve automated and real-time internet-based temperature monitoring. Need for continuous/regular interval temperature monitoring remains the overriding factor driving the market growth worldwide. Advancements in technology have led to the introduction of more efficient and feature-rich temperature monitoring variants, driving the replacement demand. The trend is ubiquitous especially in developed economies like North America & Europe.
In terms of industry verticals, transportation & logistics represent one of the fastest growing segment due to the proliferation of e-commerce. The rise in e-commerce industry has led to an increase in the number of warehouses and storage facilities where specific temperatures need to be maintained. Thus, the rise in e-commerce activities is identified as the major factor driving demand for temperature monitoring systems worldwide. In addition, industry verticals including pharmaceuticals and food & beverage are presumed to witness stronger adoption of temperature monitoring systems due to the requirement of maintaining the desired temperature in wake of perishable characteristics of products in these verticals. 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.
This product will be delivered within 2 business days.
Table of Contents
1. Preface
2. Executive Summary
3. Global Temperature Monitoring Systems Market Analysis
4. Global Temperature Monitoring Systems Market Revenue, By Product Type, 2016-2026 (US$ Mn)
5. Global Temperature Monitoring Systems Market Revenue, By End-use Vertical , 2016-2026 (US$ Mn)
6. North America Temperature Monitoring Systems Market Analysis, 2016-2026 (US$ Mn)
7. Europe Temperature Monitoring Systems Market Analysis, 2016-2026 (US$ Mn)
8. Asia Pacific Temperature Monitoring Systems Market Analysis, 2016-2026 (US$ Mn)
9. Rest of World Temperature Monitoring Systems Market Analysis, 2016-2026 (US$ Mn)
10. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- 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)
- Monnit Corporation
