LONDON--(BUSINESS WIRE)--The wireless temperature monitoring market is expected to grow by USD 442.98 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the wireless temperature monitoring market in optimistic, probable, and pessimistic forecast scenarios.
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The wireless temperature monitoring market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Wireless Temperature Monitoring Market Participants:
ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, Corporate and Other. The company offers a wide range of wireless temperature monitoring systems through its ABB WiMon.
Emerson Electric Co.
Emerson Electric Co. operates its business through segments such as Automation Solutions and Commercial and Residential Solutions. The company offers a wide range of wireless temperature monitoring systems under the brand Rosemount.
Fluke Corp. operates its business through segments such as Building infrastructure, Calibration tools, Electrical tools, Fluke software, and Others. The company offers a wide range of wireless temperature monitoring systems through t3000 FC Wireless Temperature Kit.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/wireless-temperature-monitoring-system-market-industry-analysis
Wireless Temperature Monitoring Market 2020-2024: Segmentation
Wireless temperature monitoring market is segmented as below:
- Food And Beverage
- North America
- South America
The wireless temperature monitoring market is driven by an increase in the number of data centers. In addition, other factors such as the increasing demand for medical facilities are expected to trigger the wireless temperature monitoring market toward witnessing a CAGR of almost 5% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.