Temperature Monitoring System Market Expected to Grow 6.85 Billion by 2028

The Insight Partners adds "Temperature Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis" to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

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According to our new research study on "Temperature Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Application, Type and Industries," the market is expected to grow from US$ 5.15 billion in 2021 to US$ 6.85 billion by 2028; it is estimated to grow at a CAGR 4.8% during 2021-2028. Factors driving the market's growth are technological advancements and rising manufacturing activities across various type of industries. Healthcare facilities primarily depend upon temperature-sensitive assets to provide patients with high-quality care. Maintaining proper temperature conditions of vaccines and medications related to diagnostic lab and blood samples is an important factor for the pharma sector to prevent any kind of product loss.

A temperature monitoring system has become an essential part of hospitals, clinics, food businesses, and other industries in recent years. With a temperature monitoring system, a person can easily track, control, and regulate the products' temperature in a specific environment. A temperature monitoring system makes sure that temperature-dependent products stay safe when they are being transported from one place to another.

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Segments:

The temperature monitoring system market is segmented on the basis of application, type, industries and geography. Based on application, the market is segmented into GxP environment and life science applications, cold chain applications, vaccine, semiconductor manufacturing, cleanrooms, data centers and equipment rooms, museums and archives, food and beverage manufacturing, chart recorder replacement, and others. Based on type, the temperature monitoring system market is bifurcated into contact-based temperature monitoring system and non-contact temperature monitoring system. Based on industries, the temperature monitoring system market is segmented into healthcare and life science facilities, medical device manufacturing companies, pharmaceutical and biotechnology companies, food and beverage product manufacturers, and others. Geographically, the temperature monitoring system market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).

Key Players:

Vaisala, Monnit Corporation, SensoScientific Inc., E-control System Inc., CenTrak, 3M, ABB, Deltatrak, Emerson Electric Co., and Honeywell International Inc. are among the leading companies operating in the temperature monitoring system market.

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This release was published on openPR.