Press release
Temperature Monitoring Market Rising Demand, Trends and Growing Industry 2021 to 2027
The Global Temperature Monitoring Market 2021 by Regions, Type, and Application, forecast to 2027 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis of markets. The present condition of the worldwide Temperature Monitoring market, as well as its future prospects.In accordance with the Temperature Monitoring market is set to grow at a CAGR of 8.8% over the forecast period (2021-2027).
The report's authors used a unique and industry-leading research and analysis technique to conduct an in-depth analysis of the worldwide Temperature Monitoring market. From 2021 through 2027, this study anticipates demand, trends, and revenue growth at regional and country levels, as well as an examination of industry trends in each of the sub-segments.
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In the worldwide market, there are a number of important and rising Temperature Monitoring market Key players:
Emerson, Sensata, Amphenol, TE Connectivity, Texas instruments, Molex, Honeywell, Siemens, ABB, Panasonic, STMicroelectronics N.V., Fluke, Delphi, OMRON, Analog Devices, Microchip Technology, ON Semiconductor, 3M, MEDTRONIC, Medline Industries
Recent Developments:
In 2018, Emerson acquired Cooper-Atkins to strengthen its commercial & residential solutions business
Market segment by Type, covers:
Non-Contact Temperature Sensors
Contact Temperature Sensors
The application covered in the report include:
Industries
Medical
Food and Beverage
Electronics
Oil and gas
Automotive Industry
Other
Market Overview:
The temperature monitoring market is projected to grow from USD 4.5 billion in 2021 to USD 5.4 billion by 2027, at a CAGR of during the forecast period. Growth in the market is mainly driven by the rising manufacturing activity across a range of industries, stringent regulations to ensure product quality (particularly in the food & beverage and pharmaceutical sectors), and technological advancements.
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North America dominated the market in 2021
North America is one of the major revenue-generating regions in the global temperature monitoring industry. The large share of this regional segment can mainly be attributed to the presence of stringent regulatory guidelines and extensive regulatory compliance for product quality among target end-user industries, strong presence of major market players in the region, growing research pipeline among biopharmaceutical companies, and stringent regulatory norms for drug development and food & product safety regulations.
Regional Outlook:
This research report focuses on Temperature Monitoring market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.
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Table of Contents: Temperature Monitoring Market
Chapter 1: Global Temperature Monitoring Market Overview
Chapter 2: Economic Impact on Industry
Chapter 3: Temperature MonitoringMarket Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Temperature Monitoring Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Temperature Monitoring Market Effect Factors Analysis
Chapter 12: Research Conclusions of Global Temperature Monitoring Market
Impact of COVID-19:
The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.
Report Customization:
The Global Temperature Monitoring Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.
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Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
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