Market Overview:
The global temperature monitoring system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for temperature monitoring systems in various industries such as agriculture, automotive industry, food & beverages industry, pharmaceutical industry, logistics, electronics industry and oil and gas industry. In addition, the growing awareness about food safety and quality is also contributing to the growth of this market.
Product Definition:
A temperature monitoring system is a computerized system used to measure and record the temperature of a process, environment, or object. Temperature monitoring systems are important for many reasons, including quality control and safety.
Wireless System:
A wireless system is a set of devices or components that allow communication between two or more parties without the use of wired connections. Wireless systems are widely used in commercial and residential applications for security, surveillance, control & automation purposes. The global wireless system market size was valued at USD 33 billion in 2015 and is expected to witness significant growth over the forecast period owing to its cost-effectiveness and ease of usage offered by these products.
Wired System:
Wired system is used in temperature monitoring system to transmit data from one point to another without any interruption. It is a reliable and stable way of transferring information. The most commonly used wired systems are telecommunication, power, and data communication systems.
Temperature Monitoring System Market By Application (Bakery & Confectionery, Meat Processing) And Segment Forecasts To 2022 -> The global temperature monitoring system market size was valued at USD 1,270 million in 2014.
Application Insights:
The agriculture application segment led the market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The temperature monitoring system is widely used in agricultural activities, such as livestock farming, horticulture, and arable farming. Moreover, an increase in the adoption of these systems for tracking animal movements across farms has increased their demand across the globe.
Temperature monitoring systems are also used extensively within the food & beverage industry for various applications including chilling cabinets and storage rooms. These devices help maintain frozen products at desired temperatures throughout distribution centers as well as retail stores. Furthermore, they aid food producers with accurate tracking of production processes along with real-time data transmission capabilities that enhance overall efficiency during food processing operations globally. This factor is anticipated to drive product demand over the forecast period globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with a few variations in terms of temperature monitoring system application and region. For instance, the U.S., which constitutes about 85% of North America’s total population, has been experiencing an increase in foodborne illness due to contamination or improper storage of food products resulting from poor infrastructure and hygiene issues.
Asia Pacific regional market captured significant revenue share owing to several factors such as increasing government initiatives for improving agricultural practices coupled with rising awareness regarding crop diseases.
Growth Factors:
- Increasing demand for temperature monitoring systems from the food and beverage industry to ensure product quality and safety.
- Growing demand for temperature monitoring systems in the healthcare sector to prevent spoilage of drugs and medical supplies.
- Rising adoption of temperature monitoring systems in the transportation sector to ensure safe delivery of goods.
- Increasing number of data centers worldwide, which is driving the need for efficient cooling solutions, including temperature monitoring systems.
- Proliferation of Internet-of-Things (IoT) devices that are generating massive amounts of data that need to be monitored and analyzed, fueling demand for Temperature Monitoring System market
Scope Of The Report
Report Attributes
Report Details
Report Title
Temperature Monitoring System Market Research Report
By Type
Wireless System, Wired System
By Application
Agriculture, Automotive Industry, Food & Beverages Industry, Pharmaceutical Industry, Logistics, Electronics Industry, Oil and Gas Industry
By Companies
Banner Engineering, Cooper-Atkins, Vaisala Oyj, Fluke Process Instruments, Isensix, DeltaTrak, Imec Messtechnik, KTR Kupplungstechnik, Emerson Electric, Physitemp Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Temperature Monitoring System Market Report Segments:
The global Temperature Monitoring System market is segmented on the basis of:
Types
Wireless System, Wired System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Automotive Industry, Food & Beverages Industry, Pharmaceutical Industry, Logistics, Electronics Industry, Oil and Gas Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Banner Engineering
- Cooper-Atkins
- Vaisala Oyj
- Fluke Process Instruments
- Isensix
- DeltaTrak
- Imec Messtechnik
- KTR Kupplungstechnik
- Emerson Electric
- Physitemp Instruments
Highlights of The Temperature Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wireless System
- Wired System
- By Application:
- Agriculture
- Automotive Industry
- Food & Beverages Industry
- Pharmaceutical Industry
- Logistics
- Electronics Industry
- Oil and Gas Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Temperature Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A temperature monitoring system (TMS) is a device or system that monitors the temperature of an object or environment. TMSs can be used to monitor the internal temperature of medical devices, food products, and other objects. They are also used in industrial processes such as metalworking and chemical manufacturing.
Some of the major companies in the temperature monitoring system market are Banner Engineering, Cooper-Atkins, Vaisala Oyj, Fluke Process Instruments, Isensix, DeltaTrak, Imec Messtechnik, KTR Kupplungstechnik, Emerson Electric, Physitemp Instruments.
The temperature monitoring system market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Temperature Monitoring System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Temperature Monitoring System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Temperature Monitoring System Market - Supply Chain
4.5. Global Temperature Monitoring System Market Forecast
4.5.1. Temperature Monitoring System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Temperature Monitoring System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Temperature Monitoring System Market Absolute $ Opportunity
5. Global Temperature Monitoring System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Temperature Monitoring System Market Size and Volume Forecast by Type
5.3.1. Wireless System
5.3.2. Wired System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Temperature Monitoring System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Temperature Monitoring System Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Automotive Industry
6.3.3. Food & Beverages Industry
6.3.4. Pharmaceutical Industry
6.3.5. Logistics
6.3.6. Electronics Industry
6.3.7. Oil and Gas Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Temperature Monitoring System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Temperature Monitoring System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Temperature Monitoring System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Temperature Monitoring System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Temperature Monitoring System Demand Share Forecast, 2019-2029
9. North America Temperature Monitoring System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Temperature Monitoring System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Temperature Monitoring System Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Automotive Industry
9.4.3. Food & Beverages Industry
9.4.4. Pharmaceutical Industry
9.4.5. Logistics
9.4.6. Electronics Industry
9.4.7. Oil and Gas Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Temperature Monitoring System Market Size and Volume Forecast by Type
9.7.1. Wireless System
9.7.2. Wired System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Temperature Monitoring System Demand Share Forecast, 2019-2029
10. Latin America Temperature Monitoring System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Temperature Monitoring System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Temperature Monitoring System Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Automotive Industry
10.4.3. Food & Beverages Industry
10.4.4. Pharmaceutical Industry
10.4.5. Logistics
10.4.6. Electronics Industry
10.4.7. Oil and Gas Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Temperature Monitoring System Market Size and Volume Forecast by Type
10.7.1. Wireless System
10.7.2. Wired System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Temperature Monitoring System Demand Share Forecast, 2019-2029
11. Europe Temperature Monitoring System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Temperature Monitoring System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Temperature Monitoring System Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Automotive Industry
11.4.3. Food & Beverages Industry
11.4.4. Pharmaceutical Industry
11.4.5. Logistics
11.4.6. Electronics Industry
11.4.7. Oil and Gas Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Temperature Monitoring System Market Size and Volume Forecast by Type
11.7.1. Wireless System
11.7.2. Wired System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Temperature Monitoring System Demand Share, 2019-2029
12. Asia Pacific Temperature Monitoring System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Temperature Monitoring System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Temperature Monitoring System Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Automotive Industry
12.4.3. Food & Beverages Industry
12.4.4. Pharmaceutical Industry
12.4.5. Logistics
12.4.6. Electronics Industry
12.4.7. Oil and Gas Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Temperature Monitoring System Market Size and Volume Forecast by Type
12.7.1. Wireless System
12.7.2. Wired System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Temperature Monitoring System Demand Share, 2019-2029
13. Middle East & Africa Temperature Monitoring System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Temperature Monitoring System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Temperature Monitoring System Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Automotive Industry
13.4.3. Food & Beverages Industry
13.4.4. Pharmaceutical Industry
13.4.5. Logistics
13.4.6. Electronics Industry
13.4.7. Oil and Gas Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Temperature Monitoring System Market Size and Volume Forecast by Type
13.7.1. Wireless System
13.7.2. Wired System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Temperature Monitoring System Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Temperature Monitoring System Market: Market Share Analysis
14.2. Temperature Monitoring System Distributors and Customers
14.3. Temperature Monitoring System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Banner Engineering
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cooper-Atkins
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vaisala Oyj
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fluke Process Instruments
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Isensix
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DeltaTrak
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Imec Messtechnik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KTR Kupplungstechnik
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Emerson Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Physitemp Instruments
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
