Temperature Monitoring Systems Market Poised to Acquire USD 6.6 Billion by 2028 | Reports And Data

New York, March 16, 2021 (GLOBE NEWSWIRE) — The global temperature monitoring systems market size is expected to reach USD 6.6 billion by 2028 at a CAGR of 4.2%, according to a new report by Reports and Data. The surging demand for non-contact-based temperature monitoring devices, the growing e-commerce activities, and increasing adoption in the food & beverage, pharmaceutical, and manufacturing sectors for product safety and quality preservation are among the factors majorly supporting the growth of the global temperature monitoring systems market. The rising importance of temperature monitoring systems in storage facilities and warehouses, the expanding transportation & logistics industry, and a significant surge in export & import activities worldwide have further propelled the global market growth. The rising prevalence of contagious diseases, such as the deadly COVID-19, increasing use of temperature monitoring systems across hospitals & clinics for patient temperature monitoring, and the growing research & development activities in the life sciences segment create potential growth avenues for the market.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/3889Temperature monitoring systems are devices that control and regulate the temperature of a specific area, usually one where large-scale production or storage of goods takes place. These systems help maintain the freshness, quality, and safety of these products, thereby curbing the possibility of waste generation. The escalating adoption of advanced temperature monitoring systems across the food & beverage, biotechnology, pharmaceutical, medical device manufacturing, chemical, and transportation & logistics industries is a crucial driver for the global market growth. The food & beverage sector extensively employs these systems to preserve the quality of perishable foods and ensure their safety during storage or transit, or storage. Moreover, the pharmaceutical industry uses temperature monitoring systems for temperature-sensitive drugs and vaccines to safeguard their quality and efficacy throughout the production and distribution cycles. However, various disadvantages associated with wireless temperature monitoring systems, such as higher costs and longer installation time, pose threats to the market growth in the upcoming years.Temperature Monitoring Systems Market, By Product Type (Contact-based Temperature Monitoring Systems, Non-contact-based Temperature Monitoring Systems), By Application (Cold Storage Temperature Monitoring, Manufacturing Area Temperature Monitoring, Laboratory Temperature Monitoring, Hospital Room and Patient Temperature Monitoring, Others), By End-user (Healthcare Facilities, Pharmaceutical & Biotechnology Companies, Medical Device Manufacturing Companies, Food and Beverage Industry, Chemical and Petrochemical Industries, Energy & Power Industry, Others), and By Region, Forecast to 2028; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/temperature-monitoring-systems-market