Europe 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

Europe 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)      

The Europe temperature monitoring systems market is expected to grow from US$ 1,733.87 million in 2021 to US$ 2,398.86 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
Temperature-related issues cost the pharmaceutical sector dearly. Maintaining the potency of medications and vaccines is difficult due to compliance, legal regulations, and environmental conditions. Temperature-sensitive pharmaceuticals pass through numerous stages and inspections before arriving at their final destinations, making them vulnerable to various environmental conditions such as temperature, light, humidity, and cleanliness while in storage and transit. Hence, it is critical to get appropriate equipment and procedures to monitor their temperature frequently to ensure that product quality is not affected. Temperature monitoring is an essential part of pharmaceutical quality control. Temperature is monitored using various technologies, alerting the system to any irregularities. Regulatory requirements apply to businesses that aim to conduct research and manufacture, store, transport, or sell pharmaceutical items. In addition to official regulations, some critical associations are issuing guidance documents supporting and detailing the regulations and their application in specific situations. Therefore, the regulatory framework is a living organism that changes almost daily, with new laws becoming effective and new guidance documents being published. The pharmaceutical industry's regulatory requirements and guidelines are becoming increasingly stringent. Pharmaceutical products (medicines, vaccines, etc.) in production and storage and molecules studied during the pre-clinical phase or tested during clinical trials must be monitored in real-time as part of the pharmaceutical cold-chain monitoring procedure (in refrigerators and -80°C freezers, etc.). This must be done to avoid temperature excursions or other anomalies in CO2, relative humidity, or differential pressure. Food and beverages must be produced and stored at specific temperatures to maintain quality. Maintaining a proper temperature is required to protect perishable food items stored in refrigerators or freezers. Food that is not appropriately stored can get spoiled or contaminated. Many facilities are employing food temperature monitoring systems. These systems assure continuous monitoring of valuable food and beverages. They immediately alert a user to act fast and avoid financial losses when food inventory is at risk. Thus, stringent regulations governing food & beverages and pharmaceutical industries are fueling the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe temperature monitoring systems market. The Europe temperature monitoring systems market is expected to grow at a good CAGR during the forecast period.
Europe Temperature Monitoring Systems Market Revenue and Forecast to 2028 (US$ Million)
Europe Temperature Monitoring Systems Market Segmentation
The Europe temperature monitoring systems market is segmented based on application, type, industry, and country. Based on application, the Europe 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 dominated the market in 2021. Based on type, the Europe 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 dominated the market in 2021. 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 Europe 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 dominate the market in 2021. 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 Europe temperature monitoring systems market has been categorized into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany dominated the market in 2021.
3M, ABB Ltd., CenTrak, Deltatrak Inc., E-Control Systems Inc., Emerson Electric Co., Honeywell International Inc., Monnit Corporation, SensoScientific Inc., and Vaisala are among the leading companies in the Europe temperature monitoring systems market.

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