Temperature Monitoring Systems - Global Market Trajectory & Analytics

Global Temperature Monitoring Systems Market to Reach $5.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Temperature Monitoring Systems estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$5.9 Billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027. Contact, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Contact segment is readjusted to a revised 5.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 6.2% CAGR

The Temperature Monitoring Systems market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Select Competitors (Total 37 Featured):

• 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