The global temperature Loggers market is anticipated to accumulate a market value of US$ 1,148.25 million in 2023 and is expected to record a market valuation of US$ 2,045.58 million by exhibiting a CAGR of 5.94% in the forecast period 2023 to 2033. The market for temperature data loggers market registered a CAGR of 3.8 % in the historical period 2018 to 2022.
In the food industry, storing food at a proper temperature is essential to prevent the growth of bacteria, including E. Coli and Salmonella, which may lead to serious ailments. As a result, food storage companies continuously monitor the temperature of food, as per the guidelines of United States regulatory agencies to ensure food safety.
Surging demand for pharmaceutical products is anticipated to drive market growth of temperature data loggers during the forecast period. These products include many temperature-sensitive products, like vaccines, which require effective monitoring technologies to keep them at desired temperatures throughout the supply chain. Furthermore, there are various provisions related to medicine temperature monitoring, involving Good Manufacturing Practices (GMP) and Good Distribution Practices (GDP), which specify that continuous monitoring is required to regulate temperature and record data for future references. Also, these monitoring technologies can help in preventing product spoilage by keeping the temperature at desired levels throughout the shipment and in the storage. As a result, the demand is significantly rising in the pharmaceutical sector. Additionally, several pharmaceutical companies avoid spoilage, by integrating compact temperature data logger in transported materials and ensure the integrity of the product.
On the other hand, within the transport sector, the data loggers accompany the cargo during logistics and provide means to investigate environmental hazards subjected to various parameters of the voyage. For example, in 2019, United Kingdom-based designer and manufacture of the environmental monitor system, Hanwell Solution Ltd, launched ‘Pro Transport Loggers’, a portable reusable temperature logger that monitors temperature parameter during transporation.
Besides this, the development of embedded system based on programmable system-on-chip temperature data logger that provides real-time monitoring with active alarms featuring a compact design, low power consumption, recorded data in EPROM and has additional attached LCD expects to drive product demand during the projected period.
On the other hand, wireless temperature data loggers send alerts whenever the temperature exceeds certain thresholds and permit agencies to respond to temperatures modifications in real-time and keep away from any product deterioration. These factors are expected to contribute to the adoption of temperature data loggers.
New product launches in data loggers’ market are also contributing in expanding the targeted market. For instance, the MSR385SM transmitter modules capture temperature, humidity, and pressure profiles by using sensors. They then transfer the detected values to the MSR385WD data logger in the unlicensed ISM band. Depending on the kind of casing, the transmitter modules enable applications even at high working temperatures of up to +125 °C only because of their thermal resistance. These loggers can be positioned in challenging-to-access areas because to their compact casing.
Region-wise, North America dominated the market and accounted for over 35% market share in 2022. It is anticipated to sustain its dominance by accumulating 38% market share with a CAGR of 5% during the forecast period. The high market share of the region is attributed to the surging demand for temperature monitors from food storage facilities and food logistics operators. The dietary habits of consumers in this region are changing on account of growing obesity levels. The people are more inclined towards consumption of fresh and organic food such as fresh leafy vegetables, organic milk, and organic eggs, which requires critical handling and monitoring at every level of storage and transit to avoid spoilage. This, in turn, is driving growth in this region.
Similarly, the market in Asia Pacific is projected to reflect fastest CAGR of 5.4% and open significant growth opportunities for the companies planning long-term investments. Emerging economies, such as India, Singapore, Thailand, and China, are expected to contribute to the growth of regional market. Increasing population, rapid industrialization, continued rollout of transportation and warehousing networks, and surging demand for processed and canned food items are some of the factors anticipated to drive the regional market growth.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1,148.25 million |
| Projected Market Value in 2033 | US$ 2,045.58 million |
| Growth Rate (2023 to 2033) | 5.94% CAGR |
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Latest developments in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing temperature Loggers are expected to create lucrative opportunities for market growth during the forecast period.
Temperature loggers are used in industrial sector to measure and monitor temperature and humidity in the surrounding. Temperature monitoring and controlling is an essential part in the production system. Many temperature loggers are available in the market. Most of them contain an internal thermistor or thermocouple and could be attached to an external source.
Samples are taken periodically to ensure that temperature doesn’t exceed the required measurements. Some have a built in display of data or out-of-tolerance warnings. Data retrieval can be by cable, RFID, wireless systems, etc. They generally are small, battery powered, portable, and equipped with a microprocessor, internal memory for data storage, and sensors. Temperature loggers could be manual or automatic.
Some of the new temperature data loggers interface with personal computers or smart phones for set-up, control, and analysis.Temperature loggers are perfect for food processing, transportation, and restaurant fridge and freezer storage, including cold chain management, cook chill, and critical control points (HACCP).They are also used in labs and for pharmaceutical applications like VFC.
Wirelessly pair multiple network-connected units to a single base station through WiFi, Bluetooth, or RF and store your temperature or humidity readings in the cloud. USB probes and USB data transfer temperature loggers are also popular and come with integrable software. Specialized loggers are also made for harsh environments, including extreme low and high temperatures.
A significant factor while picking temperature loggers for temperature and humidity is the subject of where you plan to utilize it. The exactness of estimation might be more significant in certain areas than in different classes. On the off chance that you utilize the information logger for checking rooms to screen indoor air quality, the accuracy is less significant than in an extraordinary cooling chamber.
It is especially imperative to get exact qualities with regards to cold chain consistence.In any case, on the off chance that you simply need to quantify the surrounding conditions in an office, the qualities don't should be accurate down to the decimal point. The item data concerning estimating exactness is consequently a point to be viewed as with regards to picking up the proper temperature loggers.
The instrument must have repeatability to check how exact the estimations are. A temperature logger's reproducibility eases the heat off the estimating esteems, since it makes increasingly exact examinations conceivable. In the event that estimation turns out badly, this gets obvious quicker.
Right now, is simpler to control the qualities. Information must be recorded over a more extended timeframe in numerous regions. The administration life of the battery-powered battery subsequently has a significant task to carry out. The equivalent applies to motioning by temperature loggers, when the battery-powered battery's vitality is reaching a conclusion. A few instruments are fit for sparing the information, in any event, when the battery-powered battery is never again working.
Be that as it may, it is never again conceivable to make estimation. It is even more significant that you are educated in acceptable time, when substitution of the battery unit is required.
Principal Consultant
Temperature logger market has seen an immense growth in sales in the medical sector due to outbreak of corona virus in European and Asian regions while American region is also facing high demand due to high number of growth in patients every day. The growth in African market is low or facing stable demands. Overall market for temperature loggers is expected to increase this year.
The key players in temperature loggers market are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on temperature loggers market segments and geographies.
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Packaging
February 2024
REP-GB-1446
200 pages
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Temperature Loggers Market
