The global temperature monitoring systems market was valued US$ 3,976.2 Mn in 2017 and is expected register growth at 4.2% CAGR during the forecast period from 2018 to 2027.

"North America Leads; Asia Pacific to Register Stronger Growth during the Forecast Period"

In 2017, North America led the global temperature monitoring systems market in terms of value contribution. The region accounted for over 35% of the global temperature monitoring systems market in the same year. The dominance is largely credited to the combination of factors including growing adoption of wireless variants among pharmaceutical and food & beverage industries, stringent regulatory for ensuring product quality across these industry verticals, and technology advances leading to the replacement of existing units with the state-of-the-art variants. On the other hand, Asia Pacific is poised to register relatively superior growth during the forecast period from 2018 to 2027. The anticipated demand will be driven by steady growth in industrial sector and increasing number of healthcare facilities in the region.

"Rise in Adoption of Non-contact-based Units to Complement Market Growth during the Forecast Period" 

In 2017, the value contribution from contact-based temperature monitoring systems was highest in the global temperature monitoring systems. These systems being the conventional and most widely recognized monitoring solutions across industry verticals, account for majority of the market value share. The trend is expected to continue and the segment is expected to register steady growth through 2027. On the other hand, non-contact-based temperature monitoring solutions are estimated to register relatively higher adoption rate during the forecast period from 2018 to 2027. The demand for non-contact-based monitoring units will be driven by growing emphasis on continuous temperature monitoring across temperature sensitive applications such as patient care, cold storage, and server room maintenance among others.

Key Players:

Some of the leading manufacturers profiled in the research study include 3M Company, ABB Ltd., Emerson Electric, Honeywell International Inc., Deltatrack, Siemens AG, Thermo Fisher Scientific, Testo AG, Fluke Corporation (Subsidiary of Fortive Corporation), Kelsius, Ltd., Rees Scientific, Omega Engineering (A Subsidiary of Spectris), and Monnit Corporation among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2024 to 2034 considering 2025 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2026 to 2034.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Temperature Monitoring Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Temperature Monitoring Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE	DETAILS
Research Period	2024-2034
Base Year	2025
Forecast Period	2026-2034
Historical Year	2024
Unit	USD Million
Segmentation
	Product Contact-based TMS Non-contact-based TMS
	End-use Vertical Food & Beverage Semiconductors & Electronics Automotive Healthcare Transportation & Logistics Oil & Gas Others (Power & Energy, IT & Telecom, etc.)
	Region Segment (2024-2034; US$ Million) North America U.S. Canada Rest of North America UK and European Union UK Germany Spain Italy France Rest of Europe Asia Pacific China Japan India Australia South Korea Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East and Africa GCC Africa Rest of Middle East and Africa

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Temperature Monitoring Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2034.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Temperature Monitoring Systems market?
• Which is the largest regional market for Temperature Monitoring Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Temperature Monitoring Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Temperature Monitoring Systems market worldwide?