Global Wireless Temperature Monitoring Market 2017-2021

Technavio’s market research analysts have predicted that the wireless temperature monitoring market will grow by USD 344.80 million by 2021. This industry research report identifies Emerson, IMC, Thermo Fisher Scientific, and SensoScientific as the key vendors in the global wireless temperature monitoring market. This industry research report also presents a competitive analysis of the market by end user (commercial, pharmaceutical, food and beverage, electronics, and oil and gas) and by geography (the Americas, APAC, and EMEA).

The infographic below contains key findings from our analysis of wireless temperature monitoring market.

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Overview of the global wireless temperature monitoring market

Technavio’s market study identifies the increase in the number of data centers to be one of the primary growth factors for the wireless temperature monitoring market. The increased adoption of cloud computing has increased the number of data centers that consist of a highly-networked computer server that stores a large amount of data. These data centers use networking equipment that is temperature-specific. The rising use of temperature-sensitive devices influences the demand for wireless temperature monitoring systems to maintain and monitor the temperature-critical environments within a data center. Expanding sectors like financial services, banking, IT, insurance, and social media are boosting the demand for cloud computing and data centers. Our market analysts estimate that this market will grow steadily at a CAGR of more than 4% by 2021.

Regulated environments that require an optimum mix of temperature and humidity such as greenhouses, extensively demand temperature alarm systems to keep track of temperature to maximize crop yield. Organic food is cultivated in greenhouses and the growing demand for organic food due to the growing population and the rising awareness about the health benefits of organic foods is increasing the demand for wireless temperature systems. Organic fruits and vegetables are preferred globally due to the health benefits they offer as they are cultivated in soil free from pesticides and chemical fertilizers. Owing to the health benefits, there will be an increase in the demand for organic foods, which will be one of the key trends that will gain traction in the wireless temperature monitoring market.

Competitive landscape and key vendors

The wireless temperature monitoring market is witnessing high competition due to the presence of several well-diversified international and regional vendors. The regional players accounting for the major market shares in the developed and developing economies. These players are focused on providing innovative low-cost products that are integrated with optimized technology. Key vendors are engaging in strategic alliances such as joint ventures and acquisitions to expand their product portfolio and market share.

The leading vendors in the market are -

• Emerson
• IMC
• Thermo Fisher Scientific
• SensoScientific

The other prominent vendors in the market are Kelsius, Honeywell International, Cooper-Atkins Corporation, DeltaTrak, imec Messtechnik, and Fluke.

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Segmentation by end user and analysis of the wireless temperature monitoring market

• Commercial
• Pharmaceutical
• Food and Beverage
• Electronics
• Oil and gas

Developing economies are primarily focusing on commercial construction due to the growing urbanization and industrialization. Wireless temperature sensors are utilized in commercial spaces such as hotels, hospitals, and offices to monitor the conditioned air circulated in their premises to set a comfortable ambiance.

Geographical segmentation and analysis of the wireless temperature monitoring market

• Americas
• APAC
• EMEA

APAC is witnessing dynamic industrial conditions due to the increased automation of processes that are demanding for wireless temperature monitoring. The growing population, the rapid urbanization, the increasing adoption of cloud computing, and industrialization, will be major factors fueling the growth of the remote temperature sensors market in this region.  

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global wireless temperature monitoring market?
• What are the key market trends impacting the growth of the global wireless temperature monitoring market?
• What are the challenges to market growth?
• Who are the key vendors in the global wireless temperature monitoring market?
• What are the market opportunities and threats faced by the vendors in the global wireless temperature monitoring market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global wireless temperature monitoring market?

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