Temperature Monitoring Systems Market by Product (Monitor, Strip, Handheld, Wireless, Pyrometer, IR, Camera, Fiber Optic), Application (Cold Storage, Greenhouse, Life science, Patient), End user, and Region - Global Forecast to 2024

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Date: 19-Feb-2019
No. of pages: 134
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“The global temperature monitoring systems market to register a CAGR of 3.9% from 2018 to 2024.”

The global temperature monitoring systems market is projected to reach USD 5.4 billion by 2024 from USD 4.5 billion in 2019, at a CAGR of 3.9% during the forecast period. Factors such as rising manufacturing activity across a range of industries, stringent regulations to ensure product quality (particularly in the food & beverage and pharmaceutical sectors), technological advancements, the growing patient population, and increasing disease prevalence are expected to propel the growth of this market. However, the high prices of advanced temperature monitoring systems are expected to restrain the growth of this market in the forecast period.

“The pyrometers & IR thermometers segment to register the highest CAGR in the non-contact-based temperature monitoring systems market.”

Based on type, the non-contact-based temperature monitoring systems market is further categorized into pyrometers & IR thermometers, thermal imagers, and fiber optic thermometers. The pyrometers & IR thermometers segment is expected to register the highest growth rate during the forecast period. The large share of this segment is attributed to the advantages provided by these products, such as monitoring the temperature of small, moving, or inaccessible objects.

“The healthcare and life science facilities segment to dominate the end-user segment.”

Based on end user, the temperature monitoring systems market is segmented into healthcare & life science facilities, medical device manufacturing companies, pharmaceutical & biotechnology companies, environmental monitoring facilities, chemical & petrochemical manufacturers, energy & power generation companies, food & beverage product manufacturers, and other end users. The healthcare and life science facilities segment accounted for the largest share of the temperature monitoring systems market in 2018.

Increasing regulatory mandates in the pharmaceutical industry regarding the usage and maintenance of temperature monitoring systems, the patent expiry of various blockbuster drugs, increasing burden of infectious diseases, and the growing patient population are contributing to the market growth of this segment.

“The temperature monitoring systems market in the APAC is projected to witness the highest growth rate during the forecast period.”

The temperature monitoring systems market in the Asia Pacific is expected to witness the highest CAGR from 2019 to 2024. Factors such the growing food safety concerns, increasing R&D activities, rising government healthcare expenditure, the presence of stringent regulatory policies for food & drug safety, and the growth of the biotechnology and pharmaceutical industries in key APAC countries such as India and China are the major factors driving the growth of this regional segment.

Breakdown of supply-side primary interviews, by company type, designation, and region:


  • By Company Type: Tier 1 - 31%, Tier 2 - 49%, and Tier 3 - 20%

  • By Designation: C-level - 28%, Director-level - 19%, and Others - 53%

  • By Region: North America - 33%, Europe - 31%, APAC - 19%, and RoW - 17%


Several companies such as 3M (US), Abb Ltd. (Switzerland), Deltatrack (US), Emerson Electric (US), Fluke Corporation (subsidiary of Fortive Corporation) (US), Honeywell (US), Kelsius, Ltd. (Ireland), Monnit Corporation (US), Omega Engineering (US), Rees Scientific (US), and SensoScientific, Inc.are investing in high-growth markets to gain significant profits and increase their share in the global temperature monitoring systems market.

Research Coverage

This report studies the temperature monitoring systems market based on type, end user, application, and region. The report also analyzes factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It evaluates opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micro markets with respect to their growth trends, prospects, and contributions to the total market. The report forecasts the revenue of the market segments with respect to four major regions.  

Reasons to Buy the Report:

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on temperature monitoring systems offered by the top 15 players in the market. The report analyzes the temperature monitoring systems market by type, application, end user, and region

  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various temperature monitoring systems across key geographic regions

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global temperature monitoring systems market

  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and recent developments of the leading players in the global temperature monitoring systems marketX

Temperature Monitoring Systems Market by Product (Monitor, Strip, Handheld, Wireless, Pyrometer, IR, Camera, Fiber Optic), Application (Cold Storage, Greenhouse, Life science, Patient), End user, and Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Used for the Study
1.5 Major Market Stakeholders
1.6 Limitations

2 Research Methodology
2.1 Research Methodology Steps
2.2 Secondary and Primary Research Methodology
2.2.1 Secondary Research
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Research
2.2.2.1 Key Data From Primary Sources
2.3 Market Size Estimation Methodology
2.3.1 Product-Based Market Estimation
2.3.2 End-User Based Market Estimation
2.3.3 Primary Research Validation
2.4 Market Data Validation and Triangulation
2.5 Assumptions for the Study

3 Executive Summary
3.1 Introduction

4 Premium Insights
4.1 Temperature Monitoring Systems :Market Overview
4.2 Temperature Monitoring Systems :Market Share, By Product, 2018
4.3 Temperature Monitoring Systems :Market, By End User, 2019 vs 2024 (USD Million)
4.4 Temperature Monitoring Systems :Market, By Application, 2019 vs 2024 (USD Million)
4.5 Temperature Monitoring Systems :Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Expansion in the Secondary Manufacturing Sector
5.3.2 Stringent Regulations Governing the Food and Beverage and Pharmaceutical Industries
5.3.3 Technological Advancements
5.3.4 Rising Patient Population and Diagnostics & Surgical Procedures
5.3.5 Increasing Diagnostic & Life Sciences Research
5.4 Restraints
5.4.1 High Prices of Advanced Products
5.5 Opportunities
5.5.1 Growth Opportunities in Emerging Markets
5.6 Challenges
5.6.1 Technical Limitations Associated With IR and Mercury Thermometers

6 Temperature Monitoring Systems Market, By Type
6.1 Introduction
6.2 Contact-Based Temperature Monitoring Systems
6.2.1 Conventional Temperature Monitoring Systems
6.2.1.1 Limitations of Sensors Used in Conventional Temperature Monitoring Systems to Restrain Market Growth
6.2.2 Temperature Measuring Strips and Labels
6.2.2.1 Wide Usage of Temperature Measuring Strips and Labels in the Manufacturing Processes of Several Industries to Drive Market Growth
6.2.3 Wireless Temperature Monitoring Systems
6.2.3.1 Wireless Temperature Monitoring Systems to Witness Significant Adoption in Various Applications Owing to Advantages Such as Lower Installation and Operating Costs
6.3 Non-Contact-Based Temperature Monitoring Systems
6.3.1 Pyrometers and Infrared Thermometers
6.3.1.1 Requirement of Precise Temperature Monitoring in Several Industrial Manufacturing Processes to Drive the Adoption of Pyrometers and IR Thermometers
6.3.2 Thermal Imagers
6.3.2.1 High Cost of Thermal Imagers to Restrain Market Growth to A Certain Extent
6.3.3 Fiber Optic Thermometers
6.3.3.1 Ability of Fiber Optic Thermometers to Withstand Harsh Conditions to Support Their Adoption in Various Industries

7 Temperature Monitoring Systems Market, By End User
7.1 Introduction
7.2 Healthcare & Life Science Facilities
7.2.1 Healthcare Providers
7.2.1.1 Significant Number of Road Accidents and Emergency Room Admissions and the Resultant Increase in the Number of Surgeries to Drive Growth in This End-User Segment
7.2.2 Blood Banks, Tissue Banks, Diagnostic Labs, and Ivf Clinics
7.2.2.1 Extensive Use of Temperature Maintenance Systems Among These End Users to Reduce the Risk of Contamination is A Key Market Driver
7.2.3 Patient Monitoring & Home Care Settings
7.2.3.1 High Cost of Advanced Temperature Monitoring Devices in Patient Care is Limiting Their Adoption in This End-User Segment
7.2.4 Other Healthcare & Life Science Facilities
7.3 Medical Device Manufacturing Companies
7.3.1 Rising Research and Development Activities to Launch Innovative Medical Devices to Support the Growth of the Segment
7.4 Pharmaceutical & Biotechnology Companies
7.4.1 Stringent Regulations in the Pharmaceutical Sector Boosting the Adoption of Temperature Monitoring Systems
7.5 Chemical & Petrochemical Manufacturers
7.5.1 Rising Demand for and Production of Various Chemicals and Petroleum From Different Industrial Verticals Across the Globe is Aiding the Growth of This Market
7.6 Food & Beverage Product Manufacturers
7.6.1 Availability of Systems Specifically for Food & Beverage Manufacturers to Support Market Growth
7.7 Energy & Power Generation Companies
7.7.1 Increase in the Global Demand for and Consumption of Energy Drives the Market
7.8 Other End Users

8 Temperature Monitoring Systems Market, By Application
8.1 Introduction
8.2 Cold Storage Temperature Monitoring
8.2.1 Growth of the Food and Beverage Industry – One of the Major Factors Driving the Demand for Cold Storage Temperature Monitoring
8.3 Greenhouse Temperature Monitoring
8.3.1 Favorable Government Regulations and Incentives for Greenhouses and Poly Houses to Support the Growth of This Application Segment
8.4 Server Room Temperature Monitoring
8.4.1 Industry Recommendations for Proper Temperature Management in Data Centers to Support the Growth of This Application Segment
8.5 Hospital Room Temperature Monitoring
8.5.1 Stringent Regulations for Comprehensive Temperature Monitoring in Healthcare Facilities to Drive the Demand for Hospital Room Temperature Monitoring
8.6 Patient Temperature Monitoring
8.6.1 Rising Prevalence of Infectious Diseases and Increasing Number of Surgeries to Support the Growth of This Application Segment
8.7 Laboratory Temperature Monitoring
8.7.1 Guidelines By Various Regulatory Bodies Related to Laboratory Temperature and Humidity Requirements to Drive the Demand for Laboratory Temperature Monitoring
8.8 Manufacturing Area Temperature Monitoring
8.8.1 Increased Production and Manufacturing in Several Industries to Drive the Demand for Manufacturing Area Temperature Monitoring

9 Temperature Monitoring Systems Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The Growing Number of Diagnostic & Surgical Procedures and the Strong Presence of Major Market Players to Drive Market Growth in the Us
9.2.2 Canada
9.2.2.1 Growth in the Canadian Market is Mainly Driven By the Stringent Regulatory Framework for Product Safety
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany Accounted for the Largest Share of the European Temperature Monitoring Systems Market in 2018
9.3.2 France
9.3.2.1 Increasing Adoption of Temperature Monitoring Systems Among Research Experts in Various End-User Industries to Drive Market Growth
9.3.3 UK
9.3.3.1 Growth in This Market is Driven By the Rising Number of Research Activities
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.1.1 Japan has Registered A High Demand for Flu Tests and Large Patient Population Base
9.4.2 China
9.4.2.1 Prevalence of Infectious Diseases has Registered Growth in China
9.4.3 India
9.4.3.1 Expansion in Manufacturing, Growing Focus on Food Safety and Drug Quality are Driving Market Growth
9.4.4 Rest of Asia Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis, 2017
10.3 Competitive Scenario
10.3.1 Product Launches
10.3.2 Acquisitions
10.3.3 Contracts
10.3.4 Expansions

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 3M
11.2 ABB Ltd.
11.3 Deltatrack
11.4 Emerson Electric
11.5 Fluke Corporation (Subsidiary of Fortive Corporation)
11.6 Honeywell
11.7 Kelsius, Ltd.
11.8 Monnit Corporation
11.9 Omega Engineering (A Subsidiary of Spectris)
11.10 Rees Scientific
11.11 Sensoscientific, Inc.
11.12 Siemens AG
11.13 Testo AG
11.14 Thermo Fisher Scientific
11.15 Vaisala

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables

Table 1 Market, By Type, 2017–2024 (USD Million)
Table 2 Market, By Region, 2017–2024 (USD Million)
Table 3 Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 4 Contact-Based Temperature Monitoring Systems :Market, By Region, 2017–2024 (USD Million)
Table 5 Contact-Based Temperature Monitoring Systems :Market, By Country, 2017–2024 (USD Million)
Table 6 Conventional Temperature Monitoring Systems :Market, By Region, 2017–2024 (USD Million)
Table 7 Temperature Measuring Strips and Labels Market, By Region, 2017–2024 (USD Million)
Table 8 Wireless Temperature Monitoring Systems :Market, By Region, 2017–2024 (USD Million)
Table 9 Non-Contact-Based Temperature Monitoring Systems :Market, By Type, 2019–2024 (USD Million)
Table 10 Non-Contact-Based Temperature Monitoring Systems :Market, By Region, 2019–2024 (USD Million)
Table 11 Non Contact-Based Temperature Monitoring Systems :Market, By Country, 2019–2024 (USD Million)
Table 12 Pyrometers and Infrared Thermometers Market, By Region, 2017–2024 (USD Million)
Table 13 Thermal Imagers Market, By Region, 2017–2024 (USD Million)
Table 14 Fiber Optic Thermometers Market, By Region, 2017–2024 (USD Million)
Table 15 Market, By End User, 2017–2024 (USD Million)
Table 16 Market for Healthcare & Life Science Facilities, By Region, 2017–2024 (USD Million)
Table 17 Market for Medical Device Manufacturing Companies, By Region, 2017–2024 (USD Million)
Table 18 Market for Pharmaceutical & Biotechnology Companies, By Region, 2017–2024 (USD Million)
Table 19 Market for Chemical & Petrochemical Manufacturers, By Region, 2017–2024 (USD Million)
Table 20 Market for Food & Beverage Product Manufacturers, By Region, 2017–2024 (USD Million)
Table 21 Market for Energy & Power Generation Companies, By Region, 2017–2024 (USD Million)
Table 22 Market for Other End Users, By Region, 2017–2024 (USD Million)
Table 23 Market, By Application, 2017–2024 (USD Million)
Table 24 Market for Cold Storage Temperature Monitoring, By Region, 2016–2023 (USD Million)
Table 25 Market for Greenhouse Temperature Monitoring, By Region, 2017–2024 (USD Million)
Table 26 Market for Server Room Temperature Monitoring, By Region, 2016–2023 (USD Million)
Table 27 Market for Hospital Room Temperature Monitoring, By Region, 2016–2023 (USD Million)
Table 28 Market for Patient Temperature Monitoring, By Region, 2016–2023 (USD Million)
Table 29 Market for Laboratory Temperature Monitoring, By Region, 2016–2023 (USD Million)
Table 30 Market for Manufacturing Area Temperature Monitoring, By Region, 2016–2023 (USD Million)
Table 31 Market, By Region, 2017–2024 (USD Million)
Table 32 North America: Market, By Country, 2017–2024 (USD Million)
Table 33 North America: Market, By Type, 2017–2024 (USD Million)
Table 34 North America: Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 35 North America: Non-Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 36 North America: Market, By Application, 2017–2024 (USD Million)
Table 37 North America: Market, By End User, 2017–2024 (USD Million)
Table 38 US: Market, By Type, 2017–2024 (USD Million)
Table 39 Canada: Market, By Type, 2017–2024 (USD Million)
Table 40 Europe: Market, By Country, 2017–2024 (USD Million)
Table 41 Europe: Market, By Type, 2017–2024 (USD Million)
Table 42 Europe: Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 43 Europe: Non-Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 44 Europe: Market, By Application, 2017–2024 (USD Million)
Table 45 Europe: Market, By End User, 2017–2024 (USD Million)
Table 46 Germany: Market, By Type, 2017–2024 (USD Million)
Table 47 France: Market, By Type, 2017–2024 (USD Million)
Table 48 UK: Market, By Type, 2017–2024 (USD Million)
Table 49 RoE: Market, By Type, 2017–2024 (USD Million)
Table 50 Asia Pacific: stems Market, By Country, 2017–2024 (USD Million)
Table 51 Asia Pacific: Market, By Product, 2017–2024 (USD Million)
Table 52 Asia Pacific: Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 53 Asia Pacific: Non-Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 54 Asia Pacific: Market, By Application, 2017–2024 (USD Million)
Table 55 Asia Pacific: Market, By End User, 2017–2024 (USD Million)
Table 56 Japan: Market, By Product, 2017–2024 (USD Million)
Table 57 China: Market, By Product, 2017–2024 (USD Million)
Table 58 India: Market, By Product, 2017–2024 (USD Million)
Table 59 RoAPAC: Market, By Product, 2017–2024 (USD Million)
Table 60 RoW: Market, By Product, 2017–2024 (USD Million)
Table 61 RoW: Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 62 RoW: Non-Contact-Based Temperature Monitoring Systems :Market, By Type, 2017–2024 (USD Million)
Table 63 RoW: Market, By Application, 2017–2024 (USD Million)
Table 64 RoW: Market, By End User, 2017–2024 (USD Million)
Table 65 Market, By Key Players, 2017

List of Figures

Figure 1 Temperature Monitoring Systems :Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Research Methodology: Hypothesis Building
Figure 4 Market Size Estimation: Temperature Monitoring Systems
Figure 5 Data Triangulation Methodology
Figure 6 Temperature Monitoring Systems :Market, By Type, 2019–2024 (USD Million)
Figure 7 Contact-Based Temperature Monitoring Systems :Market Share, By Type, 2019 vs 2024
Figure 8 Non-Contact-Based Temperature Monitoring Systems :Market Share, By Type, 2019 vs 2024
Figure 9 Manufacturing Area Temperature Monitoring Segment Will Grow at the Highest Rate During the Forecast Period
Figure 10 Healthcare and Life Science Industry Segment to Account for the Largest Share During the Forecast Period
Figure 11 Asia Pacific Will Grow at the Highest Rate During the Forecast Period
Figure 12 Rising Manufacturing Activities Across A Range of Industries is A Key Driver for Market Growth
Figure 13 Contact-Based Temperature Monitoring Systems Dominated the Market in 2018
Figure 14 Healthcare and Life Science Facilities Segment is Projected to Dominate the Market During the Forecast Period
Figure 15 Patient Temperature Monitoring Segment is Projected to Dominate the Market During the Forecast Period
Figure 16 APAC to Grow at the Highest CAGR During the Forecast Period
Figure 17 Temperature Monitoring Systems Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Contact Based Temperature Monitioring System Segment Dominated the Temperature Monitoring Systems Market in 2018
Figure 19 Healthcare and Life Science Facility Segment Dominated the Temperature Monitoring Systems Market in 2018
Figure 20 Patient Temperature Monitoring Segment to Dominate the Temperature Monitoring Systems Market During the Forecast Period
Figure 21 North America Segment to Dominate the Temperature Monitoring Systems Market During the Forecast Period
Figure 22 North America: Temperature Monitoring Systems Market Snapshot
Figure 23 Europe: Temperature Monitoring Systems Market Snapshot
Figure 24 Asia Pacific: Temperature Monitoring Systems Market Snapshot
Figure 25 RoW: Temperature Monitoring Systems Market Snapshot
Figure 26 Key Developments in the Temperature Monitoring Systems Market Between 2016 and 2018
Figure 27 3M: Company Snapshot (2017)
Figure 28 ABB Ltd.: Company Snapshot (2017)
Figure 29 Emerson Electric: Company Snapshot (2017)
Figure 30 Fortive Corporation: Company Snapshot (2017)
Figure 31 Honeywell: Company Snapshot (2017)
Figure 32 Spectris: Company Snapshot (2017)
Figure 33 Siemens AG: Company Snapshot (2017)
Figure 34 Thermo Fisher Scientific: Company Snapshot (2017)
Figure 35 Vaisala: Company Snapshot (2017)

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