The global temperature monitoring systems market size was USD 4.9 billion in 2021 and is expected to register a CAGR of 4.2% during the forecast period. The steady growth of the industrial manufacturing sector, increasing initiatives by pharmaceutical and food & beverage industries to preserve product quality, and a robust surge in demand for advanced, non-contact-based temperature monitoring devices are the integral factors driving the growth of the global market. A robust rise in e-commerce activities, the expanding transportation & logistics sector, extensive usage across storage facilities and warehouses are the other crucial parameters bolstering the global temperature monitoring systems market growth. Moreover, the rising incidences of infectious diseases globally, including the recent outbreak of the deadly COVID-19, and the constantly growing usage of temperature monitoring systems in the healthcare and biotechnology sectors have further triggered the growth of this market.
Temperature monitoring systems find significant usage in places where temperature-sensitive products are manufactured or stored. A temperature monitoring device controls and regulates a particular environment’s temperature while maintaining product freshness and quality and mitigating waste generation. Temperature monitoring systems are increasingly being used across numerous industries, including pharmaceutical, biotechnology, food & beverage, medical device manufacturing, transportation & storage, and chemical industries. A standard temperature monitoring system can be characterized by some significant features, such as temperature tracking, automatic alerts or notifications on extreme temperatures, and customized indicators.
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Temperature Monitoring Systems Market: Dynamics
Drivers: Increasing usage of temperature monitoring systems in several industrial sectors to propel the market growth
The global temperature monitoring systems market growth is significantly driven by the surging use of temperature monitoring devices across the pharmaceutical, life sciences, food & beverage, cold chain logistics, automotive, retail, and various other industries. In the food & beverage sector, temperature monitoring systems help preserve food quality, ensure its safety during processing, transit, or storage, and, therefore, extend its shelf life. Temperature control in the manufacturing sector plays a vital role, as controlled air temperature in storage facilities and factory floors enhances operational productivity and product longevity. In the pharmaceutical industry, temperature monitors have gained immense significance as most drugs and vaccines are temperature-sensitive and can lose their efficacy when exposed to extreme temperatures. Moreover, temperature monitoring systems safeguard pharmaceutical products during storage, transportation, and shelf life.
Restraints: Several disadvantages associated with the use of wireless temperature monitoring systems to impede the market growth in the future
Wireless temperature monitoring systems are believed to revolutionize the temperature monitoring and data collection processes in the coming years. These systems are easier to install and can record and examine data simultaneously, helping users to save on time and costs. They are also more reliable and accurate than the conventional hard-wired systems and can monitor temperature data remotely via the Internet. However, certain disadvantages associated with these systems are that they are relatively more expensive and take longer to be installed and validated. Such factors are expected to hamper the market growth to a major extent.
Product Type Outlook:
The non-contact-based temperature monitoring systems segment is expected to account for the market’s most considerable revenue share over the forecast period. The systems do not require any direct contact with the product to evaluate its temperature and are thus considered safer and more hygienic than their contact-based counterparts. The growing demand for continuous temperature monitoring systems, increasing healthcare R&D activities, and a rise in demand for contactless devices in the COVID-19 era are the pivotal factors boosting this segment’s growth.
Application Outlook:
The hospital room and patient temperature monitoring application segment is poised to hold the largest market share in the forthcoming years, mainly due to the rising geriatric population, rise in hospital visits and admissions, the increasing prevalence of infectious diseases, and the surging number of surgical procedures.
Temperature Monitoring Systems Market: Regional Overview
The global temperature monitoring systems market is consists of several leading market regions, including North America, Europe, Latin America, the Asia Pacific, and the Middle East & Africa. The North America temperature monitoring systems market emerged as the most dominant in 2021, accounting for the highest revenue share. Stringent regulatory norms for maintaining product quality, the expanding biopharmaceutical sector, rise in medical research activities, and the flourishing e-commerce and cold chain logistics sectors are the key factors propelling the North America market growth. The Asia Pacific market, led by China, exhibits promising growth over the estimated timeframe. China is recognized as the world’s manufacturing capital and is home to some of the most prominent manufacturing and e-commerce companies, such as the Alibaba Group. Thus, the rising trade & commerce activities, growing adoption of advanced temperature monitoring systems, and the region’s avant-garde healthcare infrastructure have boosted the Asia Pacific market growth.
Companies Profiled in the Report:
- Abb Ltd.
- Testo AG
- 3M Company
- Isensix, Inc.
- Siemens AG
- DeltaTrak, Inc.
- Koninklijke Phillips
- Terumo Corporation
- Omron Healthcare
- Briggs Healthcare
- Rees Scientific
- Monnit Corporation
- Omega Engineering
- Honeywell International Inc.
- Emerson Electric Company
- SensoScientific, Inc.
- Cooper-Atkins Corporation
- Imec Messtechnik GmbH
- Banner Engineering Corporation
- KTR Kupplungstechnik GmbH
- Fluke Process Instruments
- Physitemp Instruments, Inc.
Key Developments:
- In October 2021, the American medtech giant Masimo introduced the Radius T Continuous Thermometer, a connected sensor system capable of measuring a patient’s temperature in real-time. The device provides temperature readings, as well as warning alerts to users.
- In May 2021, IntraEdge and Pyramid partnered to manufacture contactless kiosks that can measure the temperature of over 1,500 people within an hour. The kiosks are said to leverage the thermal imaging technology of Pyramid and IntraEdge’s Truyo cloud platform.
Temperature Monitoring Systems Market Segmentation:
For the purpose of this report, the global temperature monitoring systems market has been segmented based on product type, application, end-user, and region:
Temperature Monitoring Systems Market Report Scope
Segments covered By Product Type, By Application, By End-user,Regional Outlook
By Product Type
Contact-based Temperature Monitoring Systems
Conventional Temperature Monitoring Systems
Wireless Temperature Monitoring Systems
Temperature Measuring Strips and Labels
Non-contact-based Temperature Monitoring System
Thermal Imagers
Fiber Optic Thermometers
Pyrometers and Infrared Thermometers
By Application
Cold Storage Temperature Monitoring
Manufacturing Area Temperature Monitoring
Laboratory Temperature Monitoring
Hospital Room and Patient Temperature Monitoring
Home Care Temperature Monitoring
Green House Temperature Monitoring
Server Room Temperature Monitoring
By End-user
Healthcare Facilities
Healthcare Providers
Blood Banks, Tissue Banks, IVF Clinics, and Diagnostic Labs
Patient Monitoring & Home Care Settings
Others
- Pharmaceutical and Biotechnology Companies
Medical Device Manufacturing Companies
Food and Beverage Industry
Chemical and Petrochemical Industries
Energy & Power Industry
Others (Automotive, aerospace & defense, electronics, metal & mining, etc.)
Regional scope
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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