Report : Asia Pacific Temperature Monitoring Systems Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (GxP Environment and Life Science Applications, Cold Chain Applications, Vaccine, Semiconductor Manufacturing, Cleanrooms, Data Centers and Equipment Rooms, Museums and Archives, Food and Beverage Manufacturing, Chart Recorder Replacement, and Others), Type (Contract-Based Temperature Monitoring Systems and Non-Contract-Based Temperature Monitoring Systems), and Industries (Healthcare and Life Science Facilities, Medical Device Manufacturing Companies, Pharmaceutical and Biotechnology Companies, Food and Beverage Product Manufacturers, and Others)     

At 6.6% CAGR, the APAC Temperature Monitoring Systems Market is speculated to be worth US$ 948.72 million by 2028, says Business Market Insights       

According to Business Market Insights’ research, the APAC temperature monitoring systems market was valued at US$ 605.85 million in 2021 and is expected to reach US$ 948.72 million by 2028, registering an annual growth rate of 6.6% from 2021 to 2028. Untapped potential of emerging economies and growing demand for non-contact-based thermometers are the critical factors attributed to the market expansion.                

The rising demand for accurate temperature monitoring is expected to increase the sales of temperature monitoring systems. Leading market players increase their penetration across emerging markets by expanding their distribution networks and augmenting their manufacturing capabilities. Emerging markets are expected to offer potential growth opportunities for crucial temperature monitoring systems manufacturers in the years to come. This can be attributed to the large patient population, high prevalence of infectious diseases (such as COVID-19, influenza (flu), common cold, and chickenpox), increase in disposable income, improved healthcare infrastructure, and rise of medical tourism in these countries.  As the markets in developed countries mature, most players are shifting their focus to emerging markets. High investments in life science and health research in emerging countries play a key role in upgrading the latest technologies in these countries. This factor, in turn, supports the inclination toward the adoption of temperature monitoring systems across the region.            

On the contrary, technical limitations of infrared and mercury thermometers hurdles the growth of APAC temperature monitoring systems market.    

Based on application, the APAC temperature monitoring systems market is segmented into GxP environment and life science applications, cold chain applications, vaccine, semiconductor manufacturing, cleanrooms, data centers and equipment rooms, museums and archives, food and beverage manufacturing, chart recorder replacement, and others. The GxP environment and life science applications segment held 27.9% market share in 2021, amassing US$ 168.93 million. It is projected to garner US$ 255.41 million by 2028 to expand at 6.1% CAGR during 2021–2028.    

Based on type, the APAC temperature monitoring systems market is bifurcated into contract-based temperature monitoring systems and non-contract-based temperature monitoring systems. The contract-based temperature monitoring systems segment held 65.3% market share in 2021, amassing US$ 395.69 million. It is projected to garner US$ 604.06 million by 2028 to expand at 6.2% CAGR during 2021–2028. The contract-based temperature monitoring systems segment is further segmented into conventional temperature monitoring system, temperature monitoring strips and labels, and wireless temperature monitoring system. The non-contract-based temperature monitoring systems segment is further segmented into pyrometer and infrared thermometer market, thermal imagers market, and fiber optic thermometer.       

Based on industries, the APAC temperature monitoring systems market is segmented into healthcare and life science facilities, medical device manufacturing companies, pharmaceutical and biotechnology companies, food and beverage product manufacturers, and others. The healthcare and life science facilities segment held 41.9% market share in 2021, amassing US$ 253.89 million. It is projected to garner US$ 387.52 million by 2028 to expand at 6.2% CAGR during 2021–2028. The healthcare and life science facilities segment is further segmented into healthcare providers, pharmacies, patient monitoring and home care settings, blood banks and tissue banks and diagnostic labs and ivf clinics, and others.     

Based on country, the APAC temperature monitoring systems market has been categorised into China, India, Japan, South Korea, Australia, and rest of APAC. Our regional analysis states that China captured 29.3% market share in 2021. It was assessed at US$ 177.51 million in 2021 and is likely to hit US$ 274.66 million by 2028, exhibiting a CAGR of 6.4% during the forecast period.      

Key players dominating the APAC temperature monitoring systems market are 3M, ABB Ltd., CenTrak, Deltatrak Inc., E-Control Systems Inc., Emerson Electric Co., Honeywell International Inc., Monnit Corporation, SensoScientific Inc., and Vaisala  among others. 

  • In Dec 2021, Monnit announced the launch of its new ALTA Wireless Motion+ Sensor which combines sensing components to measure motion and occupancy, ambient temperature, and relative humidity (RH) in a wide variety of facilities.
  • In April 2020, E-Control Systems released latest version of FusionLive IoT Platform, including a fully integrated newly designed dashboard specifically created in collaboration with some of the largest and most well-respected Life Science Labs, Healthcare Facilities, College/Universities, K-12 schools, and QSRs.

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