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Subject: MRR

Data Logger Market to record USD 1.82 Bn growth| Increasing demand for test, measurement, and control solutions to boost growth | Technavio


NEW YORK, July 4, 2022 /PRNewswire/ -- The "Data Logger Market by Type, Measurement, and Geography - Forecast and Analysis 2020-2024" report by Technavio expects the market size to increase by USD 1.82 billion between 2019 and 2024. The market observed YOY growth of 4.56% in 2020 and the growth momentum is expected to accelerate at a CAGR of 6.96% during the forecast period. According to the report, the market will observe significant growth in APAC. The increasing adoption of automation technologies across industries is creating several growth opportunities for vendors operating in the region.

Get more highlights on the market size, YOY growth rates, and market growth across regions. View Our Report Sample

Vendor Landscape

The global data logger market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market is highly competitive due to the presence of a large number of vendors that provide several types of data loggers. During the forecast period, the competition in the market will further intensify along with technological innovations and strategic partnerships and acquisitions.

Technavio identifies Accsense Monitoring Systems and Data Loggers Inc., Ammonit Measurement GmbH, Delphin Technology AG, Dickson Inc., Digitron Italia Srl, Keysight Technologies Inc., MadgeTech Inc., National Instruments Corp., Signatrol Ltd., and Thermo Fisher Scientific Inc. are some of the major market participants. Although the increasing demand for test, measurement, and control solutions, regulations to ensure equal and safe supply of resources, and the dominance of the oil and gas industry in the application segment will offer immense growth opportunities, high capital investments for software solutions, increased price wars among vendors, and the emergence of low-grade and non-durable data loggers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Read Our Sample Report for further highlights on the vendor landscape and the factors impacting the market growth.

Data Logger Market 2020-2024: Segmentation

The global data logger market is segmented as below:

The stand-alone systems segment generated maximum revenue in the market in 2021. The increasing demand for stand-alone data logger systems from food and beverage, automotive, oil and gas, industrial, and water and wastewater management sectors driving the growth of the segment. The market growth in the segment will be significant during the forecast period.

The pressure data logger segment dominated the global data logger market in 2021. The high dependency on pressure data loggers in oil and gas, aviation, and marine industries for safety and to maintain the efficiency of applications and processes is driving the growth of the segment.

51% of the market growth will originate from APAC. The growth of the automotive and electronics industry is one of the key factors driving the data logger market in APAC.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our data logger market report covers the following areas:

Data Logger Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the data logger market. Backed with competitive intelligence and benchmarking, our research report on the data logger market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Data Logger Market 2020-2024: Key Highlights

Related Reports:

 

Data Logger Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6.96%

Market growth 2020-2024

USD 1.82 billion

Market structure

Fragmented

YoY growth (%)

4.56

Regional analysis

APAC, North America, Europe, South America, APAC, North America, Europe, and South America

Performing market contribution

APAC at 51%

Key consumer countries

US, China, Germany, Japan, and Taiwan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accsense Monitoring Systems and Data Loggers Inc., Ammonit Measurement GmbH, Delphin Technology AG, Dickson Inc., Digitron Italia Srl, Keysight Technologies Inc., MadgeTech Inc., National Instruments Corp., Signatrol Ltd., and Thermo Fisher Scientific Inc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized

 

Table Of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Market Segmentation by Measurement

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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