Temperature Data Loggers Market Infographics Description:
- The Global Temperature Data Loggers Market is estimated at US$ 993.6 Mn in 2020.
- The Global Temperature Data Loggers Market is projected to reach US$ 1,377.7 Mn in 2029 at a CAGR of 3.7% from 2021 to 2029.
- Among the product types, the stand-alone data logger segment in the Global Temperature Data Loggers Market is estimated to account for a majority revenue share of 45.2 % in 2020 end, owing to its demand for the test, measurement, and control solutions in various end-use industries.
- Among the applications, the medical industry segment in the Global Temperature Data Loggers Market is estimated to account for a majority revenue share of 44.2% in 2020 end, owing to the availability of wired or wireless options to monitor transport coolers, refrigerators, freezers, and cryostats used in medical applications.
- North America market is expected to dominate the Global Temperature Data Loggers Market. It is expected to account for the largest market revenue share than that of markets in other regions.
- Companies profiled in the report are ROTRONIC AG, TMI-Orion SA, Testo SE & Co. KGaA, Elpro-Buchs AG, Spectris (Omega Engineering), Kimo Instruments S.L., In-Situ Inc., Temprecord International Ltd., and Digitron Italia.
Report Overview
According to Market.us latest insights, The global temperature data-loggers market is projected to grow significantly over the next decade, reaching an estimated value of USD 1.8 billion by 2033, compared to USD 1.2 billion in 2023. This growth represents a steady compound annual growth rate (CAGR) of 4.3% during the forecast period from 2024 to 2033.
Temperature data-loggers are electronic devices designed to record temperature over a set period of time. These instruments are equipped with sensors that measure the ambient temperature, which can be vital in various settings, such as food and beverage, pharmaceuticals, and environmental monitoring. The data captured is stored in the logger and can be analyzed later to ensure compliance with safety and quality standards, or for scientific research.
The market for temperature data-loggers is expanding as industries increasingly require precise and continuous temperature monitoring. This growth is driven by the need to adhere to stringent regulatory standards, particularly in the healthcare and food sectors, where maintaining proper temperature is crucial to ensure product integrity and safety.
Several factors are driving the growth of the temperature data-loggers market. There is a growing emphasis on supply chain optimization and risk management within industries that rely heavily on stable environmental conditions, such as pharmaceuticals and food processing. Additionally, the rising need for energy-efficient solutions and sustainable practices encourages the adoption of advanced monitoring technologies.
Market demand for temperature data-loggers is primarily fueled by the healthcare sector, where these devices are essential for the safe storage and transport of vaccines and medications. The food and beverage industry also significantly contributes to demand, using these loggers for refrigeration and food safety purposes to comply with international food safety standards.
The temperature data-loggers market is ripe with opportunities, especially in emerging economies where industrialization processes are accelerating. The expansion of the cold chain sectors and the introduction of more stringent food safety regulations worldwide provide significant growth prospects for market stakeholders.
Technological advancements play a critical role in shaping the temperature data-loggers market. Innovations include the development of wireless and real-time monitoring systems, enhanced battery life, and increased data storage capacity. These improvements not only enhance the functionality of temperature data-loggers but also their convenience and reliability, making them indispensable tools in critical applications.
Key Market Segments
By Type
- Single Use
- Reusable
By Product Type
- USB
- Thermocouple
- RTD
- Wireless
- Thermistor
- Others
By End-User Industry
- Healthcare and Life Sciences
- Food and Beverage
- Manufacturing
- Agriculture
- Logistics
- Others
Market Key Players
- TMI-Orion SA
- OMEGA Engineering Inc.
- Cryopak
- Hioki EE Corporation
- Testo SE & Co. KGaA
- Rotronic AG
- Onset Computer Corporation
- Lascar Electronics Limited
- NOVUS Automation Inc.
- Protimeter
- MadgeTech Inc.
- Global Cold Chain Solutions Pty Limited
- Thermoworks Inc.
- Kimo Instruments
- Elpro-Buchs AG
- Softbox Systems Limited
