Market Trends of Temperature Data Logger Industry
This section covers the major market trends shaping the Temperature Data Logger Market according to our research experts:
Wireless Data Loggers are Expected to Hold Major Market Share
- The wireless temperature data loggers provide means to track temperature and humidity conditions in an environment, where monitoring is required as per adhered to legislation. For instance, the pharmaceutical industry requires temperature monitoring to be wireless during the data transfers throughout various storage areas, as it allows for seamless collection data into one platform by eliminating the needs of wire.
- The wireless temperature data loggers allow the data to be monitored remotely over the internet via the cloud and ensure the reliability of the data by auto-connecting and resumes uploading of data without any human intervention, ensuring real-time and seamless data recording and analysis.
- Moreover, wireless temperature data loggers deliver an accuracy from 0.10°C and allow temperatures to be monitored from outside the autoclave container, without altering the environment.
- Additionally, wireless temperature data loggers send alerts whenever the temperature reaches certain thresholds and allow companies to respond to temperatures changes in real-time and avoid any product deterioration. These factors contribute effectively to the adoption of the temperature data logger market.
- However, the higher upfront cost of wireless data loggers, as compared to disconnected systems, influences the companies to reconsider it, while reviewing the system restraints its growth in the market studied.
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North America is Expected to Hold a Major Market Share
- With the rise of industries, such as logistics gaining momentum in the United States, data logger has become essential for service providers to enhance the quality as goods transported, some of which may be crucial to health and safety. Hence, the data logger helps in monitoring temperature and humidity in the transportation of goods and leveraging the growth of temperature data loggers in the region.
- For instance, in 2019, the Council of Supply Chain Management Professionals (CSCMP) reported the spending on business logistics reached 8% of US Gross Domestic Product (GDP) of USD 20.5 trillion, during the FY 2018.
- The adoption of automation across the industries in the United States for seamless integration of hardware and software resources enables manufacturers to enhance operational efficiency, by actively monitoring the equipment that supports the growth of the market studied.
- Furthermore, the compliance of products, such as sterling medical devices, across the supply-chain by federal agencies, like the Food and Drug Administration, in the region regulates the market growth.
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