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COVID-19 Impact on Global Temperature Monitoring System Market By Technology (Mercury Based and Mercury Free); By Type(Digital Thermometers, Electronic Temperature Monitors, Infra-red aural Thermometers and Temperature Strips) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Maintaining air temperature in a controlled environment ranging from factory floors and storage areas to industrial-scale freezers, ovens, and walk-in refrigerators is a key aspect in terms of product durability and manufacturing facilities efficiency. The temperatures to be held in these areas must be accurate and within the range as the temperature variations can impact the product's shelf life. These temperature variations are documented and stored by the temperature monitoring system in real-time on the server. Thus, the temperature control system is a complex system constructed with numerous electronic devices consisting of a computer that serves as a server, a temperature sensor, a data link device or an interface between a computer and a sensor, and an alarm system that notifies workers when the temperature exceeds critical levels. The sensors are located in temperature-critical areas where temperature variations are the greatest. Productivity, one of the most critical aspects of a manufacturing business, may be hampered by different variables, including changes in ambient air temperature, due to the smallest differences in the working conditions of the factory floor. Therefore, to achieve increased levels of efficiency, temperature control systems have been gradually embraced by manufacturing companies and warehouses.
Global Temperature Monitoring System Market size was registered at USD 4.34 billion in 2019 and is estimated to reach USD 17.37 billion by 2030, registering a CAGR of 13.79%% from 2020 to 2030. Temperature monitoring devices are essential to ensure safe and efficient patient care. Temperature control is often important to avoid situations of hypothermia or hyperthermia. Thermoregulation or temperature management is necessary to avoid any antigenic reaction, infection, or inflammation. These devices can also be used for home care and have gained considerable popularity due to their cost-effectiveness and comfort. Rising technical advancements in the self-care industry, growing demands for disposable thermometers, and the advancement of cost-effective and accurate devices due to intense competition are the main drivers of the market for temperature monitoring systems. Temperature monitoring devices are essential to ensure safe and efficient patient care.
Source: Fatpos Global
Global Temperature Monitoring System Market is segmented based on technology, type, and region.
By Technology (in %), Global Temperature Monitoring System Market, 2019
The mercury-free segment is anticipated to register XX% of the market share during the forecasted period.
By technology, the market can be segmented into mercury-based or mercury-free. The possibility of mercury poisoning due to the use of mercury in thermometers has always been a concern and has contributed to the production of thermometers for infrared and digital use. Therefore, the mercury-free thermometer would hold the highest CAGR on the market.
By Type (in %), Global Temperature Monitoring System Market, 2019
The digital thermometers segment accounted for XX% of the nation’s volume in 2019
The type segment can be classified into Digital thermometers, Electronic temperature monitors, Infrared aural thermometers, and temperature strips. As they are quicker, more affordable, and more reliable compared to other models, digital thermometers are preferred. They also make the process of monitoring temperatures fast and simple. The biggest market share is due to the above-mentioned factor that digital thermometers account for.
Source: Fatpos Global
Rising technological advancements and various applications to increase the market growth
Rising technical advancements in the self-care industry, growing demands for disposable thermometers, and the advancement of cost-effective and accurate devices due to intense competition are the main drivers of the market for temperature monitoring systems. Temperature monitoring devices are essential to ensure safe and efficient patient care. Temperature control is often important to avoid situations of hypothermia or hyperthermia. Thermoregulation or temperature management is necessary to avoid any antigenic reaction, infection, or inflammation. These devices can also be used for home care and have gained considerable popularity due to their cost-effectiveness and comfort.
Lack of skilled personnel and low availability to hinder the market growth
Temperature monitoring system is a capital-intensive system requiring precise pre-planning and installation, qualified personnel with comprehensive knowledge of sensing electronics are required to facilitate normal functioning of the temperature monitoring system. The low availability of such personnel coupled with high costs can hinder the temperature monitoring system’s development.
In terms of value and volume, North America accounted for XX% of total market volume share in 2019
North America has the largest market share in the market for temperature monitoring systems due to increased health knowledge and a rising geriatric population base. Due to growing health issues and rising numbers of health facilities, Asia-Pacific is projected to expand at a substantial pace in the forecast era. In China and India, several hospitals have switched to replacing mercury-based thermometers with digital thermometers.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Source: Fatpos Global
Global pandemic COVID-19 has become global stress, not just for human lives, but also for industries across different industry verticals. The COVID-19 disease has infected several million people globally, with an increasing number of active cases daily, the duration of the pandemic is still difficult to predict. The COVID-19 pandemic outbreak around the globe is expected to adversely affect the development of the global economy. To account for the rapid spread of the disease, governments around the world are obliged to take stringent steps to curtail the spread of the disease. As a result, the stringent lockdowns and social distancing activities introduced worldwide compelled people to stay indoors. Symptoms related to the coronavirus are surging the demand for the market for temperature control.
New technological advancements in the Global Temperature Monitoring System Market, as well as large production output of the product by key players, are likely to increase the market growth.
Global Temperature Monitoring System Market: Key players
Global Temperature Monitoring System Market report also contains analysis on:
Global Temperature Monitoring System Market segments:-
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