Temperature Monitoring Systems Market Size, Share Global Analysis Report, 2021 - 2026

Industry Insights

[169+ Pages Report] According to Facts & Factors, the report titled “Temperature Monitoring Systems Market” encompasses the spectacle of the market in an analytical and comprehensive manner. The global Temperature Monitoring Systems Market market is estimated to reach USD 5.9 Billion by 2026 from an initial value of USD 4.6 Billion in the year 2020 with growth at a CAGR value of 4.1%.

Market Overview

Temperature monitoring systems are perhaps the most commonly used devices that are used in a variety of healthcare and processing plants as they serve a rudimentary function of serving the notable temperature at any given step. They are often employed in industries including food, medical and life science, pharmaceutical, machine/equipment monitoring, and environmental environment. These devices have the ability to relay temperature through a thermocouple probe and the latest generation of devices can even relay their reading over locations based at a larger distance from the origin.

Industry Growth Factors

The primary driving forces for the global temperature monitoring systems market can be contributed to rising manufacturing activities across a variety of industries coupled with increasing number of stringent regulation imposed by various global bodies to name a few. Additionally, technological advancements in the iteration of devices coupled with rising demand for safe and efficient patient care measures are expected to increase the footprint of the global temperature monitoring systems market during the forecast. Moreover, the global temperature monitoring systems market is expected to be driven by a rising trend of contactless based thermometers coupled with rising cases of COVID-19. These factors are expected to boost the market reach of the global temperature monitoring systems market during the forecast period.

Factors pertaining to the rising demand for precise and accurate temperature measurements coupled with decreasing error rates are further expected to increase the consumer base for the global temperature monitoring systems market during the forecast period. Rising number of novel products and increased focus of key market participants onresearch and development solutions are further expected to push the boundaries of the global temperature monitoring systems market during the forecast period. However, higher contamination risk factors associated with filler material can hamper the market growth to some extent during the forecast period.

Segmentation Analysis

The global temperature monitoring systems market is segmented intotype, application, and regions.

On the basis of type, the global temperature monitoring systems market isbifurcated into contact based temperature monitoring systems and non-contact type temperature monitoring systems. The segment pertaining to non-contact type temperature monitoring systems are expected to witness the largest market share during the advent of the forecast owing to the rising emphasis on continuous temperature management needs, rising number of research and development activities, and increased benefits of non-contact temperature monitoring systems such as remote temperature detection to name a few. On the basis of application, the global temperature monitoring systems market is divided intocold storage temperature monitoring, green house temperature monitoring, server room temperature monitoring, hospital room and patient temperature monitoring, home care temperature monitoring, laboratory temperature monitoring, and manufacturing area temperature monitoring. The hospital and patient temperature monitoring category is expected to occupy the largest market share during the advent of the forecast owing to the rising prevalence of infectious diseases, rising population pertaining to geriatric population, risen number of surgical procedures, and increasing demand for advanced temperature monitoring devices to name a few.

Regional Analysis

North America is expected to witness the largest market share during the advent of the forecast owing to a higher rate of infectious diseases in the region coupled with increasing geriatric population. Moreover, the rising number of surgical procedures coupled with increasing frequency of hospital visits by consumers is expected to increase the footprint of the temperature monitoring systems market during the forecast period. Additionally, the region is home to a number of key market participants in the temperature monitoring systems market. Combine that with the increasing pipeline of biopharmaceutical companies and rising regulatory norms imposed by the government of the United States is expected to  increase the consumer base for the temperature monitoring systems market during the forecast period.

Report Scope

By TypeSegment Analysis

• Contact Based Temperature Monitoring Systems
  • Conventional Temperature Monitoring Systems
  • Temperature Measuring Strips and Labels
  • Wireless Temperature Monitoring Systems
• Non-Contact Type Temperature Monitoring Systems
  • Pyrometers & Infrared Thermometers
  • Thermal Imagers
  • Fiber Optic Thermometers

By ApplicationSegment Analysis

• Cold Storage Temperature Monitoring
• Green House Temperature Monitoring
• Server Room Temperature Monitoring
• Hospital Room & Patient Temperature Monitoring
• Home Care Temperature Monitoring
• Laboratory Temperature Monitoring
• Manufacturing Area Temperature Monitoring

Competitive Players

• 3M
• Abb Ltd.
• Deltatrack
• Emerson Electric
• Fluke Corporation
• Omega Engineering
• Koninklijke Philips N.V.
• Omron Healthcare
• Geratherm
• Braun Healthcare
• A&D Company Ltd.
• Toshiba Inc.
• Exergen Corporation
• Microlife Corporation
• Hicks Thermometer Ltd.
• among others