The portable temperature and humidity data loggers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Portable Temperature And Humidity Data Loggers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The portable temperature and humidity data loggers market size has grown strongly in recent years. It will grow from $1.66 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to the integration of Internet of things (IoT) technology, adoption of cloud-based data management, focus on sustainability and energy efficiency, increase in the need for data loggers, and growth in the cold chain logistics business.
The portable temperature and humidity data loggers market size is expected to see strong growth in the next few years. It will grow to $2.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the growing need for all-encompassing monitoring systems, increasing focus on wireless networking, rising demand for cloud-based data logging solutions, increasing industrialization, and increasing demand for real-time monitoring of environmental conditions. Major trends in the forecast period include advancements in technology, innovations in battery technology and energy-efficient components, cloud-based data management, and higher accuracy and precision.
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Scope Of Portable Temperature And Humidity Data Loggers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Portable Temperature And Humidity Data Loggers Market Overview
Market Drivers –
The increase in demand for warehousing and storage is expected to propel the growth of the portable temperature and humidity data logger market going forward. Warehousing and storage facilities temporarily store goods and inventory in designated spaces, providing businesses with space and management for their products until they are ready for distribution or sale. The increase in e-commerce activities and global supply chain complexities have driven the demand for warehousing and storage services. Portable temperature and humidity data loggers are essential for warehousing and storage services to ensure accurate and continuous tracking of temperature and humidity levels within storage environments. For instance, in November 2023, according to the Brazilian Institute of Geography and Statistics, a Brazil-based government agency, in the first half of 2023, Brazil’s storage capacity rose to 201.4 million metric tons, up 4.8% from the prior semester. The number of storage establishments increased by 3.0% compared to the second half of 2022. Temporary and inflatable warehouses contributed 23.1 million metric tons, a 1.9% increase from the previous semester, representing 11.5% of the total storage capacity. Therefore, increasing demand for warehousing and storage services drives the portable temperature and humidity data logger market.
Market Trends —
Major companies operating in the portable temperature and humidity data logger market are developing temperature and humidity data loggers for indoor monitoring to enhance accuracy, improve data collection efficiency, and provide real-time environmental insights. Temperature and humidity data loggers for indoor monitoring are devices that continuously monitor and record indoor temperature and humidity levels. For instance, in January 2023, Extech, a US-based testing equipment company, launched the upgraded 42280A Series temperature and humidity data loggers. It is designed for improved indoor monitoring. This advanced model boasts superior accuracy and reliability, featuring a large liquid crystal display (LCD) that simultaneously shows temperature, humidity, date, and time. The product’s notable enhancements include an expanded internal memory capacity of 48,000 readings. It also enables extended monitoring periods and the capability to generate Excel spreadsheets when connected to a personal computer (PC) via the universal serial bus (USB). Additional features encompass maximum or minimum mode, programmable sampling rates, and audible alarms for high and low limits.
The portable temperature and humidity data loggers market covered in this report is segmented —
1) By Type: Single Use, Reusable
2) By Temperature: Less Than -40 Degree Celsius, -40 To +80 Degree Celsius, More Than +80 Degree Celsius
3) By Application: Cold Chain Shipping, Logistics
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Regional Insights —
Asia-Pacific was the largest region in the portable temperature and humidity data logger market in 2023. The regions covered in the portable temperature and humidity data loggers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
Major companies operating in the portable temperature and humidity data loggers market are Emerson Electric Co., Analog Devices Inc, Xylem Inc., Yokogawa Electric Corporation, Extech Instruments, Mouser Electronics Inc., Vaisala Oyj, RS Components Ltd., Grove Collaborative, Farnell Ltd., Omega Engineering Inc., Rotronic AG, ThermoWorks Inc., DeltaTrak Inc., ACR Systems Inc., PCE Instruments Co, Nielsen-Kellerman Company, LogTag Recorders Ltd., SensoScientific Inc., Reed Instruments, Jakar Electronics s.r.o., Kimo Instruments, Sansel Instruments and Controls< /b>
Table of Contents
1. Executive Summary
2. Portable Temperature And Humidity Data Loggers Market Report Structure
3. Portable Temperature And Humidity Data Loggers Market Trends And Strategies
4. Portable Temperature And Humidity Data Loggers Market — Macro Economic Scenario
5. Portable Temperature And Humidity Data Loggers Market Size And Growth
…..
27. Portable Temperature And Humidity Data Loggers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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