Temperature Monitoring Systems Market Poised to Acquire USD 6.6 Billion by 2028 | Reports And Data
Growing significance of temperature monitoring systems in various industries, including food & beverage, pharmaceutical, biotechnology, and manufacturing, to fuel the market growth Market Size – USD 4.9 billion in 2020, Market Growth – at a CAGR of 4.2%, Market Trends – The surging use of temperature monitoring systems as a COVID-19 preventive measure
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.