Some of the prominent players in the temperature monitoring systems market are 3M (US), Abb Ltd. (Switzerland), Deltatrack (US), Emerson Electric (US), Fluke Corporation (Subsidiary Of Fortive Corporation) (US), Honeywell (US), Kelsius, Ltd. (Ireland), Monnit Corporation (US), and Omega Engineering (US).
Analysis of the developments in the temperature monitoring systems market from 2016 to 2018 shows that new product launches, geographic expansions, mergers & acquisitions, and contracts were the most widely adopted growth strategies by players in the market. Players adopted these strategies to strengthen their market positions.
The contact-based temperature monitoring systems segment is subsegmented into conventional temperature monitors, temperature measuring strips and labels, and wireless temperature monitoring systems. The non-contact-based temperature monitoring systems segment is further segmented into pyrometers and IR thermometers, thermal imagers, and fiber optic thermometers.
The contact-based temperature monitoring systems segment is expected to register the highest growth rate in the temperature monitoring systems market during the forecast period. The wide application of these devices in various industries and their easy availability are the key factors stimulating the growth of this market segment.
3M (US) was the largest player operating the global temperature monitoring systems market. Its large share can be attributed to its unique product portfolio for temperature monitoring devices. The company’s products offer core temperature monitoring systems for preoperative testing. 3M has a strong presence across the US, the Asia Pacific, and Europe. To provide improved product understanding to its customers, in May 2016, the company launched a compendium with the latest information and research findings related to 3M Bair Hugger. A strong brand image and widespread geographic coverage are the factors expected to drive the company’s growth in the temperature monitoring systems market in the coming years.
Read Press Release On Temperature Monitoring Systems Market:
https://www.marketsandmarkets.com/PressReleases/temperature-monitoring-system.asp
Omega Engineering (US) is one of the leading companies in the global temperature monitoring systems market. The company has a wide distribution network and operates across 30 countries. The company offers a broad range of technologically advanced products, which are used for process measurement and control of temperature, humidity, pressure, strain, force, flow, level, pH, and conductivity. Omega’s strong product offerings, wide distribution network, and extensive customer base give it a competitive edge in the temperature monitoring systems market.
