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The data logger market size is estimated to grow at a CAGR of 4.74% between 2022 and 2027. The size of the market is forecast to increase by USD 1,168.65 million. The growth of the market depends on several factors, including increasing demand for the test, measurement, and control solutions, regulations to ensure an equal and safe supply of resources and dominance of the oil and gas industry in the application segment.
This market report extensively covers market segmentation by type (stand-alone systems and automated systems/modules), measurement (pressure, power, temperature, humidity, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The dominance of the oil and gas industry in the application segment is notably driving the market growth, although factors such as high capital investments for software solutions may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Data Logger Market Driver
The dominance of the oil and gas industry in the application segment is notably driving market growth. The dominance of the oil and gas industry in the global data acquisition market is expected to continue during the forecast period. End users such as the oil and gas industry require multiple data loggers to manage and measure various processes and operations. Such end users require various stand-alone data acquisition devices and automated systems with data loggers to measure pressure and temperature.
Applications of data acquisition equipment in the oil and gas industry include oil and natural gas recovery and processing, vapor temperature and pressure monitoring, biogas and natural gas production and conversion measurements, and water pressure and pumping efficiency measurement. Because oil and gas reserves are non-renewable natural resources that are being depleted due to rising oil and gas prices. Although the market share of the oil and gas industry is declining, it still maintains a dominant market share, which will continue to drive the growth of the market during the forecast period.
Significant Data Logger Market Trends
Increasing demand for customized automation solutions is the primary trend in the market. The majority of end users (small and medium-sized companies) choose separate data carriers due to low investment costs. The share of standalone data loggers in the global data logger market was 64.13% in 2016. Consequently, the demand for customized automation solutions is increasing and the costs of such solutions are expected to decrease by the end of the forecast period. This is expected to make such custom solutions very affordable for end users.
Custom automation solutions allow end users to connect multiple data loggers to perform the automated test, measurement, and control functions. The demand for such customized solutions is expected to increase, fueling the growth of the global data logger market during the forecast period.
Major Data Logger Market Challenge
High capital investments for software solutions are the major challenge impeding the market. The effectiveness of data collection devices can be evaluated by integrating software solutions that help analyze and optimize the application of data collection devices. However, by connecting different data loggers either wirelessly or via Ethernet/USB cables, the initial costs of acquiring and integrating software solutions are high. This makes it difficult for small and medium-sized end users to acquire such software solutions, thus limiting the growth of the global data collection market.
The challenge is mainly aimed at end users who choose particular data carriers. Thus, the need to make large capital investments in software solutions may hinder the growth of the global data logger market during the forecast period.
Key Data Logger Market Customer Landscape
The data logger market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Data Logger Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Chauvin Arnoux Group - The company offers data logger products named Ampflex A196, L452, Ml912 logger, Pel102 Power Energy logger, A193 800, Ampflex A193, Pel104 Power energy logger, Pel106 Power Energy logger, CA 1550 micromanometer, and Cl601 logger. Under this segment, the company is the manufacturer of measuring devices and supplies it to various industries.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the stand-alone systems segment will be significant during the forecast period. Stand-alone systems are the largest segment of the global data logger market and will continue to be the largest segment during the forecast period. Standalone data loggers have many applications and are widely used in the food and beverage, automotive, oil and gas, industrial, and water and wastewater industries. They are usually used for testing, managing, and monitoring applications. This widespread application across industries will facilitate market growth during the forecast period.
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The stand-alone systems segment was valued at USD 145.88 million in 2017 and continued to grow until 2021. Some of the prominent vendors offering standalone data loggers in the global market include Thermo Fisher Scientific Inc., Delphin Technology AG, and Accsense Monitoring Systems and Data Loggers Inc. Delphin Technology offers stand-alone data stores that can acquire almost any type of sensor. signal voltage, current, temperature, and pressure. These data loggers can receive digital signals from gauges and switches. The availability of stand-alone data loggers with such features is a factor positively influencing the growth of the global data logger market.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC will be the largest geographic segment of the global data acquisition market in 2022 and will continue to be the largest segment during the forecast period. According to the APAC market scenario, China is one of the main centers for outsourced products due to the cheap labor available in the country. As a result of economic development, the labor force and wage level of the country will rise. Therefore, many outsourced manufacturing companies in China and other APAC countries are slowly moving towards automated systems/modules.
However, the prevalence of commercial data collection devices is lower in the residential and hospitality sector, and the use of data collection devices in the food and beverage sector is low. For all these reasons, the APAC market share is expected to remain almost unchanged.
The outbreak of COVID-19 in APAC, especially in China, led to the shutdown of several industries and companies. The outbreak severely affected industries that manufacture and use data loggers. However, recovering the regional economy, increasing adoption of Industry 4.0, and government financial stimulus packages to manufacturing sub-sectors are helping the regional market to back to its recovery path. Moreover, financial stimulus packages will revive the growth of different industries, such as oil and gas, which, in turn, will increase the demand for data loggers, which is likely to boost the growth of the regional data logger market during the forecast period.
The data logger market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Data Logger Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.74% |
Market growth 2023-2027 |
USD 1,168.65 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.56 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, Taiwan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Accsense Monitoring Systems and Data Loggers Inc, AiM Tech Srl, Ammonit Measurement GmbH, Chauvin Arnoux Group, Delphin Technology AG, Delta Electronics Inc, Delta OHM Srl, Dickson Inc, ELPRO BUCHS AG, Gemini Data Loggers (UK) Ltd., Influx Technology Ltd, Keysight Technologies Inc., Kimo Electronic Pvt Ltd, Larasian Ltd, McLaren Group Ltd., National Instruments Corp., Robert Bosch GmbH, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Measurement
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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