熱状態監視市場 – 2030年までの世界予測

Continuous Thermal Monitoring Market - Global Forecast to 2030

熱状態監視市場 - 提供内容 (ハードウェア、ソフトウェア、サービス)、用途 (バスダクトモニター、開閉装置、モーターコントロールセンター、低圧変圧器、乾式変圧器)、エンドユーザー、および地域別 - 2030年までの世界予測
Continuous Thermal Monitoring Market by Offering (Hardware, Software, Service), Application (Bus Duct Monitors, Switchgear, Motor Control Centers, Low-voltage Transformers, Dry Transformers), End User, and Region - Global Forecast to 2030

商品番号 : SMB-72448

出版社MarketsandMarkets
出版年月2025年1月
ページ数260
図表数297
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The continuous thermal monitoring market is projected to reach USD 1.49 billion by 2030 from an estimated USD 1.00 billion in 2024, at a CAGR of 6.8% during the forecast period (2024–2030).

熱状態監視市場は、2024年の推定10億米ドルから2030年までに14億9000万米ドルに達すると予測されており、予測期間(2024年から2030年)中のCAGRは6.8%です。

The continuous thermal monitoring market is driven by factors such as an increased focus on energy efficiency among industries, an increased demand for smaller and more powerful electronic devices, and a growing number of data centers and cloud computing services. These trends require efficient thermal management solutions that ensure optimal performance and prevent overheating, hence driving the demand for continuous thermal monitoring technologies.

熱状態監視市場市場は、各業界でのエネルギー効率への注目の高まり、より小型で強力な電子デバイスへの需要の増加、データセンターやクラウドコンピューティングサービスの数の増加などの要因によって推進されています。こうした傾向には、最適なパフォーマンスを確保し、過熱を防止する効率的な熱管理ソリューションが必要であるため、継続的な熱監視テクノロジーの需要が高まっています。

熱状態監視市場 - 2030年までの世界予測
continuous-thermal-monitoring-market

“Hardware is expected to have the highest growth rate segment during the forecast period.”

The hardware component is the fastest segment due to its critical role to enable accurate, reliable temperature identification. Hardware machines are widely used in numerous industries for the detection of thermal anomalies so that overheating is prevented. They also maximize operational efficiency as they can operate to identify thermal patterns in real-time. Predictive maintenance continues to be of high demand due to its various applications in numerous industries such as manufacturing, utility, and data center operations. Technological advancements also led to a compact, affordable, and even IoT-enabled hardware that integrates so well with a smart monitoring system, making these devices more alluring.

“Bus Duct Monitors segment is expected to emerge as the fastest growing segment by application.”

The continuous thermal monitoring market in bus duct monitoring is gaining immense growth due to the importance of reliability and security for electrical infrastructure. This further gains momentum due to prevention and avoidance of costly failures and fire hazards, growing smart grid adoption, and emerging demand from data centers and renewable energy. The increasing stringency of regulatory standards, advancement in IoT and predictive analytics, and the massive costs associated with system downtime make real-time thermal monitoring an absolute necessity. Industrialization is growing at a faster pace, and the focus has shifted towards efficiency and safety. Bus duct monitoring is rapidly becoming an essential part of modern power distribution systems.

“China to grow at the highest CAGR for Asia Pacific Continuous thermal monitoring market.”

China is the Asia-Pacific region’s fastest growing market for continuous thermal monitoring in Asia Pacific, given its vast industrial base, rapid urbanization, and vast infrastructure developments. The strong focus on energy efficiency and rigid safety regulations by the nation has further accelerated the deployment of high-tech monitoring systems across power distribution networks, data centers, and renewable energy projects. Moreover, the proactive interest of the government in smart grid development and the incorporation of IoT technology has created a tremendous momentum for implementing real-time thermal monitoring solutions. Significant investment in industrial automation with a firm commitment to minimizing downtime and energy losses drives China at the fore in the region to embrace leading-edge thermal monitoring technologies.

熱状態監視市場 - 2030年までの世界予測 region
continuous-thermal-monitoring-market-region

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3- 25%
  • By Designation: Director Levels- 20%,  C-Level- 30%, and Others- 50%
  • By Region: North America- 18%, Europe- 8%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 4%

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Honeywell International Inc. (US) and Teledyne Technologies (US) are some of the key players in the continuous thermal monitoring market.

熱状態監視市場 - 2030年までの世界予測 ecosystem
continuous-thermal-monitoring-market-ecosystem

The study includes an in-depth competitive analysis of these key players in the continuous thermal monitoring market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the continuous thermal monitoring market by offering (hardware, software, services), By Application (Bus Duct Monitors, Switchgear, Motor Control Centers, Dry Transformers, Low-voltage Transformers, Other Applications), By End User (Data Centers, Oil & Gas, Logistics, Utilities, Manufacturing, Healthcare, Retail, Telecommunications, Other End Users) and By Region (North America, South America, Europe, Asia Pacific, and Middle east & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the continuous thermal monitoring market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, investment, divestment, new product & service launches, and recent developments associated with the continuous thermal monitoring market. Competitive analysis of upcoming startups in the continuous thermal monitoring market ecosystem is covered in this report.

Key Benefits of Buying the Report

  • Analysis of key drivers (Growing emphasis on predictive maintenance, Rising adoption of IoT and AI technology, Increasing adoption of industrial automation), restraints (High initial costs associated with advanced monitoring systems and Technical complexities in integrating advanced monitoring systems with existing industrial infrastructure), opportunities (Rapid deployment of smart grids, Rapid deployment of smart grids, and Rising adoption of data centers), and challenges (Rising cyberattacks) influences the growth of the continuous thermal monitoring market.
  • Product Development/ Innovation: Microchip Technology introduced the MCP998x family, comprising 10 automotive-qualified remote temperature sensors capable of monitoring multiple channels accurately. These sensors feature integrated resistance error correction and beta compensation, enhancing precision and reducing the need for additional components. Designed to operate across a wide temperature range, the MCP998x family offers up to five monitoring channels, with certain models including fixed shutdown temperature setpoints for added safety. This product line addresses the growing demand for reliable thermal management in automotive and industrial applications.
  • Market Development: The development of continuous thermal monitoring systmes are moving towards greater efficiency and electrical equipment safety. Additionally, the growing focus on energy efficiency and sustainability has led industries to implement thermal monitoring systems to optimize energy use and reduce carbon footprints.
  • Market Diversification: Honeywell expanded its Emissions Management Suite to include decarbonization audits and reduction roadmaps for thermal solutions. This enhancement aimed to help industries identify emissions reduction opportunities and implement tailored strategies to achieve sustainability goals, aligning with global efforts to combat climate change.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Honeywell International Inc. (US) and Teledyne Technologies Incorporated (US) among others in the continuous thermal monitoring market.

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      28

1.4           LIMITATIONS    29

1.5           UNIT CONSIDERED        29

1.6           CURRENCY CONSIDERED            29

1.7           STAKEHOLDERS               29

2               RESEARCH METHODOLOGY       30

2.1           RESEARCH DATA              30

2.1.1        SECONDARY DATA          31

2.1.1.1    Key data from secondary sources       31

2.1.1.2    List of key secondary sources              31

2.1.2        PRIMARY DATA 32

2.1.2.1    Key data from primary sources           32

2.1.2.2    Key industry insights           33

2.1.2.3    List of primary interview participants               33

2.1.2.4    Breakdown of primaries      34

2.2           MARKET BREAKDOWN AND DATA TRIANGULATION                 35

2.3           MARKET SCOPE                36

2.4           MARKET SIZE ESTIMATION METHODOLOGY     37

2.4.1        BOTTOM-UP APPROACH              37

2.4.1.1    Demand-side analysis          38

2.4.1.2    Regional analysis  38

2.4.1.3    Country-level analysis          39

2.4.1.4    Demand-side assumptions 39

2.4.1.5    Demand-side calculations   39

2.4.2        TOP-DOWN APPROACH                40

2.4.2.1    Supply-side analysis             41

2.4.2.2    Supply-side assumptions     42

2.4.2.3    Supply-side calculations      42

2.5           FORECAST ASSUMPTIONS           42

2.6           RISK ANALYSIS  42

2.7           RESEARCH ASSUMPTIONS           43

2.8           RESEARCH LIMITATIONS             43

3               EXECUTIVE SUMMARY  44

4               PREMIUM INSIGHTS       48

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CONTINUOUS THERMAL

MONITORING MARKET 48

4.2           CONTINUOUS THERMAL MONITORING MARKET IN ASIA PACIFIC,

BY OFFERING AND COUNTRY    49

4.3           CONTINUOUS THERMAL MONITORING MARKET, BY OFFERING           49

4.4           CONTINUOUS THERMAL MONITORING MARKET, BY APPLICATION   50

4.5           CONTINUOUS THERMAL MONITORING MARKET, BY END USER            50

4.6           CONTINUOUS THERMAL MONITORING MARKET, BY REGION                51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       52

5.2.1        DRIVERS               52

5.2.1.1    Growing emphasis on predictive maintenance                 52

5.2.1.2    Rising adoption of IoT and AI technology        53

5.2.1.3    Increasing adoption of industrial automation  54

5.2.2        RESTRAINTS      55

5.2.2.1    High initial costs associated with advanced monitoring systems                 55

5.2.2.2    Technical complexities in integrating advanced monitoring systems with existing industrial infrastructure 55

5.2.3        OPPORTUNITIES              56

5.2.3.1    Rapid deployment of smart grids       56

5.2.3.2    Growing demand in renewable energy sector  57

5.2.3.3    Increasing demand for data centers  58

5.2.4        CHALLENGES    59

5.2.4.1    Rising cyberattacks               59

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.4           VALUE CHAIN ANALYSIS               61

5.5           ECOSYSTEM ANALYSIS  62

5.6           CASE STUDY ANALYSIS 63

5.6.1        SENZMATE IMPLEMENTS REAL-TIME TEMPERATURE MONITORING SOLUTIONS IN PHARMACEUTICAL WAREHOUSES TO BOOST OPERATIONAL EFFICIENCY  63

5.6.2        EMERSON PROVIDES SABIC WITH ROSEMOUNT WIRELESS TRANSMITTERS THAT OFFER CONTINUOUS AND REAL-TIME TEMPERATURE MONITORING ACROSS CRITICAL EQUIPMENT      64

5.6.3        GRACESENSE HOT SPOT MONITORING ADDRESSES OVERHEATING ISSUES IN ELECTRICAL EQUIPMENT IN INDUSTRIAL FACILITIES               64

5.7           TECHNOLOGY ANALYSIS             65

5.7.1        KEY TECHNOLOGIES     65

5.7.1.1    Thermal sensors and infrared cameras              65

5.7.2        ADJACENT TECHNOLOGIES       65

5.7.2.1    Predictive maintenance       65

5.7.3        COMPLEMENTARY TECHNOLOGIES       66

5.7.3.1    Acoustic imaging  66

5.8           PRICING ANALYSIS          67

5.8.1        INDICATIVE PRICING OF CONTINUOUS THERMAL MONITORING SOLUTIONS, BY OFFERING, 2023 67

5.8.2        AVERAGE SELLING PRICE TREND OF HARDWARE, BY REGION, 2021–2023           67

5.9           TRADE ANALYSIS             68

5.9.1        IMPORT SCENARIO (HS CODE 903289)    68

5.9.2        EXPORT SCENARIO (HS CODE 903289)    70

5.10         PATENT ANALYSIS          71

5.11         KEY CONFERENCES AND EVENTS, 2024–2025        73

5.12         INVESTMENT AND FUNDING SCENARIO               74

5.13         TARIFF AND REGULATORY LANDSCAPE               75

5.13.1      TARIFFS RELATED TO CONTINUOUS THERMAL MONITORING   75

5.13.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             76

5.14         PORTER’S FIVE FORCES ANALYSIS            78

5.14.1      THREAT OF SUBSTITUTES          79

5.14.2      BARGAINING POWER OF SUPPLIERS       79

5.14.3      BARGAINING POWER OF BUYERS             79

5.14.4      THREAT OF NEW ENTRANTS      79

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 80

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     80

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           80

5.15.2      BUYING CRITERIA           81

5.16         IMPACT OF AI/GENERATIVE AI IN CONTINUOUS THERMAL MONITORING MARKET           81

5.16.1      ADOPTION OF AI/GENERATIVE AI APPLICATIONS IN CONTINUOUS THERMAL MONITORING MARKET             82

5.16.2      IMPACT OF AI/GENERATIVE AI ON OFFERING, BY REGION                83

5.16.3      IMPACT OF AI/GENERATIVE AI ON CONTINUOUS THERMAL MONITORING MARKET, BY REGION 83

5.17         MACROECONOMIC OUTLOOK ON CONTINUOUS THERMAL MARKET         84

5.17.1      INTRODUCTION              84

5.17.2      GDP TRENDS AND FORECAST   84

5.17.3      INFLATION         85

6               CONTINUOUS THERMAL MONITORING MARKET, BY OFFERING           86

6.1           INTRODUCTION              87

6.2           HARDWARE        88

6.2.1        GROWING ADOPTION OF INDUSTRY 4.0 AND IOT-ENABLED SOLUTIONS TO BOOST DEMAND       88

6.3           SOFTWARE         89

6.3.1        RISING EMPHASIS ON DIGITAL TRANSFORMATION TO FUEL MARKET GROWTH               89

6.4           SERVICES             90

6.4.1        INCREASING ADOPTION OF IOT-ENABLED TECHNOLOGIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES              90

7               CONTINUOUS THERMAL MONITORING MARKET, BY APPLICATION   91

7.1           INTRODUCTION              92

7.2           BUS DUCT MONITORS  94

7.2.1        GROWING DEMAND FOR UNINTERRUPTED POWER DISTRIBUTION AND OPERATIONAL SAFETY TO FUEL MARKET GROWTH             94

7.3           SWITCHGEAR    95

7.3.1        LOW-VOLTAGE SWITCHGEAR   96

7.3.1.1    Increasing adoption of automation and energy-efficient systems to boost demand   96

7.3.2        MEDIUM-VOLTAGE SWITCHGEAR           97

7.3.2.1    Growing adoption in utilities, manufacturing, and renewable energy sectors to support market growth          97

7.4           MOTOR CONTROL CENTERS      98

7.4.1        RISING COMPLEXITIES ASSOCIATED WITH AUTOMATED AND CONNECTED SYSTEMS TO FOSTER MARKET GROWTH             98

7.5           DRY TRANSFORMERS     99

7.5.1        INCREASING ADOPTION OF RENEWABLE ENERGY AND SMART GRIDS TO BOOST DEMAND        99

7.6           LOW-VOLTAGE TRANSFORMERS              100

7.6.1        INTEGRATION OF COMPACT THERMAL SENSORS AND ADVANCED ANALYTICS TOOLS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES         100

7.7           OTHER APPLICATIONS 101

8               CONTINUOUS THERMAL MONITORING MARKET, BY END USER            102

8.1           INTRODUCTION              103

8.2           DATA CENTERS                 105

8.2.1        RISING DEMAND FOR CLOUD COMPUTING AND EDGE COMPUTING TO FUEL MARKET GROWTH           105

8.3           OIL & GAS            106

8.3.1        NEED TO REDUCE RELIANCE ON COMPLEX ELECTRICAL EQUIPMENT OPERATING IN HAZARDOUS ENVIRONMENTS TO BOOST DEMAND  106

8.4           LOGISTICS          107

8.4.1        INCREASING EMPHASIS ON ENERGY EFFICIENCY AND SUSTAINABILITY TO SUPPORT MARKET GROWTH          107

8.5           UTILITIES            108

8.5.1        RISING NEED TO ENHANCE PERFORMANCE OF SUBSTATIONS, TRANSFORMERS, AND DISTRIBUTION NETWORKS TO FOSTER SEGMENTAL GROWTH                 108

8.6           MANUFACTURING          109

8.6.1        GROWING DEPENDENCE ON HIGH-PERFORMANCE ELECTRICAL EQUIPMENT TO BOOST DEMAND                109

8.7           HEALTHCARE    110

8.7.1        INCREASING APPLICATION OF IOT-ENABLED DEVICES TO SUPPORT MARKET GROWTH              110

8.8           RETAIL 111

8.8.1        GROWING ADOPTION OF AUTOMATED CHECKOUT SYSTEMS, SMART LIGHTING, AND REFRIGERATION UNITS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 111

8.9           TELECOMMUNICATIONS             112

8.9.1        EXPANSION OF 5G NETWORKS TO FOSTER MARKET GROWTH             112

8.10         OTHER END USERS         113

9               CONTINUOUS THERMAL MONITORING MARKET, BY REGION                114

9.1           INTRODUCTION              115

9.2           NORTH AMERICA             116

9.2.1        US           121

9.2.1.1    Rising emphasis on expanding advanced manufacturing and

energy infrastructure to boost demand             121

9.2.2        CANADA               122

9.2.2.1    Expanding industrial sector to fuel market growth          122

9.2.3        MEXICO                124

9.2.3.1    Growing emphasis on energy efficiency and sustainability to support market growth        124

9.3           ASIA PACIFIC     125

9.3.1        CHINA  130

9.3.1.1    Growing demand for healthcare services and medical devices to fuel market growth                130

9.3.2        AUSTRALIA         132

9.3.2.1    Transition toward low-carbon future to offer lucrative growth opportunities         132

9.3.3        INDIA    134

9.3.3.1    Rising oil consumption and data center growth to support market growth    134

9.3.4        JAPAN   135

9.3.4.1    Rising demand for inpatient care to foster market growth                 135

9.3.5        SOUTH KOREA  137

9.3.5.1    Growing demand for high-tech manufacturing and sustainable technologies to fuel market growth   137

9.3.6        REST OF ASIA PACIFIC   138

9.4           EUROPE               140

9.4.1        GERMANY           143

9.4.1.1    Rising demand for natural gas and reliance on LNG imports to fuel market growth                143

9.4.2        UK          145

9.4.2.1    Government-led initiatives to boost development of data centers to foster market growth       145

9.4.3        FRANCE                146

9.4.3.1    Growing need for maintaining optimal storage conditions for sensitive goods to accelerate demand                146

9.4.4        ITALY    148

9.4.4.1    Rising emphasis on reducing energy wastage to support market growth    148

9.4.5        RUSSIA 149

9.4.5.1    Expanding manufacturing sector to fuel market growth                 149

9.4.6        REST OF EUROPE             150

9.5           MIDDLE EAST & AFRICA                152

9.5.1        GCC       156

9.5.1.1    Saudi Arabia          156

9.5.1.1.1 Rising shift toward cleaner energy technologies to foster market growth    156

9.5.1.2    UAE        157

9.5.1.2.1 Growing demand for advanced thermal monitoring systems in food & beverage sector to support market growth           157

9.5.1.3    Kuwait    159

9.5.1.3.1 Ongoing technological advancements in thermal imaging systems to offer lucrative growth opportunities              159

9.5.1.4    Rest of GCC          160

9.5.2        SOUTH AFRICA 161

9.5.2.1    Increasing adoption of solar energy solutions to fuel market growth    161

9.5.3        REST OF MIDDLE EAST & AFRICA             163

9.6           SOUTH AMERICA             164

9.6.1        BRAZIL 167

9.6.1.1    Rising emphasis on developing digital infrastructure to drive market    167

9.6.2        ARGENTINA       169

9.6.2.1    Rapid development in healthcare sector to boost demand                 169

9.6.3        REST OF SOUTH AMERICA           170

10            COMPETITIVE LANDSCAPE         172

10.1         OVERVIEW          172

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 172

10.3         REVENUE ANALYSIS, 2019–2023  175

10.4         MARKET SHARE ANALYSIS, 2023                 176

10.5         COMPANY VALUATION AND FINANCIAL METRICS, 2025                 178

10.6         BRAND/PRODUCT COMPARISON             179

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 180

10.7.1      STARS   180

10.7.2      EMERGING LEADERS     180

10.7.3      PERVASIVE PLAYERS      180

10.7.4      PARTICIPANTS 180

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         182

10.7.5.1  Company footprint               182

10.7.5.2  Region footprint   183

10.7.5.3  Offering footprint 184

10.7.5.4  Application footprint            185

10.7.5.5  End user footprint                 186

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        187

10.8.1      PROGRESSIVE COMPANIES         187

10.8.2      RESPONSIVE COMPANIES            187

10.8.3      DYNAMIC COMPANIES  187

10.8.4      STARTING BLOCKS         187

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 189

10.8.5.1  Detailed list of key startups/SMEs    189

10.8.5.2  Competitive benchmarking of key startups/SMEs          190

10.9         COMPETITIVE SCENARIO             191

10.9.1      PRODUCT LAUNCHES   191

10.9.2      DEALS  192

10.9.3      EXPANSIONS     193

10.9.4      OTHER DEVELOPMENTS              194

11            COMPANY PROFILES      195

11.1         KEY PLAYERS     195

11.1.1      ABB        195

11.1.1.1  Business overview 195

11.1.1.2  Products/Solutions/Services offered 197

11.1.1.3  Recent developments           198

11.1.1.3.1                Product launches  198

11.1.1.3.2                Deals      198

11.1.1.3.3                Expansions             199

11.1.1.3.4                Other developments             200

11.1.1.4  MnM view              201

11.1.1.4.1                Key strengths/Right to win 201

11.1.1.4.2                Strategic choices   201

11.1.1.4.3                Weaknesses/Competitive threats       201

11.1.2      SIEMENS              202

11.1.2.1  Business overview 202

11.1.2.2  Products/Solutions/Services offered 204

11.1.2.3  Recent developments           205

11.1.2.3.1                Deals      205

11.1.2.3.2                Other developments             205

11.1.2.3.3                Expansions             206

11.1.2.4  MnM view              207

11.1.2.4.1                Key strengths/Right to win 207

11.1.2.4.2                Strategic choices   207

11.1.2.4.3                Weaknesses/Competitive threats       207

11.1.3      HONEYWELL INTERNATIONAL INC.        208

11.1.3.1  Business overview 208

11.1.3.2  Products/Solutions/Services offered 209

11.1.3.3  Recent developments           210

11.1.3.3.1                Expansions             210

11.1.3.3.2                Other developments             210

11.1.3.4  MnM view              211

11.1.3.4.1                Key strengths/Right to win 211

11.1.3.4.2                Strategic choices   211

11.1.3.4.3                Weaknesses/Competitive threats       211

11.1.4      SCHNEIDER ELECTRIC  212

11.1.4.1  Business overview 212

11.1.4.2  Products/Solutions/Services offered 213

11.1.4.3  Recent developments           215

11.1.4.3.1                Product launches  215

11.1.4.3.2                Expansions             215

11.1.4.3.3                Other developments             216

11.1.4.4  MnM view              217

11.1.4.4.1                Key strengths/Right to win 217

11.1.4.4.2                Strategic choices   217

11.1.4.4.3                Weaknesses/Competitive threats       217

11.1.5      ADVANCED ENERGY      218

11.1.5.1  Business overview 218

11.1.5.2  Products/Solutions/Services offered 220

11.1.5.3  Recent developments           221

11.1.5.3.1                Expansions             221

11.1.6      MICROCHIP TECHNOLOGY INC.               222

11.1.6.1  Business overview 222

11.1.6.2  Products/Solutions/Services offered 223

11.1.6.3  Recent developments           225

11.1.6.3.1                Product launches  225

11.1.6.3.2                Developments       225

11.1.6.3.3                Expansions             226

11.1.7      TELEDYNE TECHNOLOGIES INCORPORATED    227

11.1.7.1  Business overview 227

11.1.7.2  Products/Solutions/Services offered 228

11.1.7.3  Recent developments           229

11.1.7.3.1                Product launches  229

11.1.7.3.2                Deals      230

11.1.7.4  MnM view              230

11.1.7.4.1                Key strengths/Right to win 230

11.1.7.4.2                Strategic choices   230

11.1.7.4.3                Weaknesses/Competitive threats       230

11.1.8      WIKA ALEXANDER WIEGAND SE & CO. KG            231

11.1.8.1  Business overview 231

11.1.8.2  Products/Solutions/Services offered 232

11.1.9      CALEX ELECTRONICS LIMITED 233

11.1.9.1  Business overview 233

11.1.9.2  Products/Solutions/Services offered 233

11.1.10   OMRON CORPORATION                234

11.1.10.1                 Business overview 234

11.1.10.2                 Products/Solutions/Services offered 236

11.1.11   POWELL INDUSTRIES    237

11.1.11.1                 Business overview 237

11.1.11.2                 Products/Solutions/Services offered 238

11.1.12   DYNAMIC RATINGS         239

11.1.12.1                 Business overview 239

11.1.12.2                 Products/Solutions/Services offered 239

11.1.12.3                 Recent developments           240

11.1.12.3.1             Expansions             240

11.1.13   DOBLE ENGINEERING COMPANY             241

11.1.13.1                 Business overview 241

11.1.13.2                 Products/Solutions/Services offered 241

11.1.13.3                 Recent developments           242

11.1.13.3.1             Expansion              242

11.1.14   EXTERTHERM   243

11.1.14.1                 Business overview 243

11.1.14.2                 Products/Solutions/Services offered 244

11.1.14.3                 Recent developments           244

11.1.14.3.1             Deals      244

11.1.15   OPTRIS 245

11.1.15.1                 Business overview 245

11.1.15.2                 Products/Solutions/Services offered 245

11.2         OTHER PLAYERS              246

11.2.1      OSENSA INNOVATIONS 246

11.2.2      BLUE JAY TECHNOLOGY CO. LTD.           246

11.2.3      AP SENSING       247

11.2.4      RUGGED MONITORING                247

11.2.5      INFRASENSING 248

11.2.6      TRISQUARE SWITCHGEARS PVT. LTD.   248

11.2.7      GRACE TECHNOLOGIES, INC.    249

11.2.8      DPSTAR GROUP                249

11.2.9      COMEM S.P.A.   250

11.2.10   ORION ITALIA S.R.L        250

12            APPENDIX           251

12.1         INSIGHTS OF INDUSTRY EXPERTS           251

12.2         DISCUSSION GUIDE        251

12.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                256

12.4         CUSTOMIZATION OPTIONS        258

12.5         RELATED REPORTS         258

12.6         AUTHOR DETAILS           259

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS: BY OFFERING                 27

TABLE 2                INCLUSIONS AND EXCLUSIONS: BY APPLICATION   27

TABLE 3                INCLUSIONS AND EXCLUSIONS: BY END USER                 28

TABLE 4                CONTINUOUS THERMAL MONITORING SYSTEM MARKET SNAPSHOT     44

TABLE 5                LIST OF PROJECTS FUNDED BY SMART GRID PROGRAM, 2023                 57

TABLE 6                MAJOR COUNTRIES WITH COLOCATION DATA CENTERS             59

TABLE 7                COMPANIES AND THEIR ROLES IN CONTINUOUS THERMAL MONITORING ECOSYSTEM     63

TABLE 8                INDICATIVE PRICING OF CONTINUOUS THERMAL MONITORING SOLUTIONS, 2023          67

TABLE 9                AVERAGE SELLING PRICE TREND OF HARDWARE, BY REGION, 2021–2023          68

TABLE 10              IMPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)      69

TABLE 11              EXPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)      70

TABLE 12              LIST OF MAJOR PATENTS, 2020–2022        72

TABLE 13              LIST OF CONFERENCES AND EVENTS, 2024–2025                 73

TABLE 14              IMPORT TARIFF FOR HS CODE 903289-COMPLIANT PRODUCTS, 2023    75

TABLE 15              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  76

TABLE 16              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  76

TABLE 17              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  77

TABLE 18              SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  77

TABLE 19              PORTER’S FIVE FORCES ANALYSIS            78

TABLE 20              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP OFFERINGS 80

TABLE 21              KEY BUYING CRITERIA FOR TOP OFFERINGS                 81

TABLE 22              WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)               84

TABLE 23              ANNUAL PERCENTAGE CHANGE IN INFLATION RATE AS PER AVERAGE CONSUMER PRICE IN 2024, BY REGION                 85

TABLE 24              CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2021–2023 (USD MILLION)               87

TABLE 25              CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2024–2030 (USD MILLION)               87

TABLE 26              HARDWARE: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   88

TABLE 27              HARDWARE: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   88

TABLE 28              SOFTWARE: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   89

TABLE 29              SOFTWARE: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   89

TABLE 30              SERVICES: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   90

TABLE 31              SERVICES: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   90

TABLE 32              CONTINUOUS THERMAL MONITORING MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            92

TABLE 33              CONTINUOUS THERMAL MONITORING MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            93

TABLE 34              CONTINUOUS THERMAL MONITORING MARKET, BY SWITCHGEAR,

2021–2023 (USD MILLION)            93

TABLE 35              CONTINUOUS THERMAL MONITORING MARKET, BY SWITCHGEAR,

2024–2030 (USD MILLION)            93

TABLE 36              BUS DUCT MONITORS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   94

TABLE 37              BUS DUCT MONITORS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   94

TABLE 38              SWITCHGEAR: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   95

TABLE 39              SWITCHGEAR: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   95

TABLE 40              LOW-VOLTAGE SWITCHGEAR: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   96

TABLE 41              LOW-VOLTAGE SWITCHGEAR: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   96

TABLE 42              MEDIUM-VOLTAGE SWITCHGEAR: CONTINUOUS THERMAL MONITORING MARKET, BY REGION, 2021–2023 (USD MILLION)            97

TABLE 43              MEDIUM-VOLTAGE SWITCHGEAR: CONTINUOUS THERMAL MONITORING MARKET, BY REGION, 2024–2030 (USD MILLION)            97

TABLE 44              MOTOR CONTROL CENTERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   98

TABLE 45              MOTOR CONTROL CENTERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   98

TABLE 46              DRY TRANSFORMERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   99

TABLE 47              DRY TRANSFORMERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   99

TABLE 48              LOW-VOLTAGE TRANSFORMERS: CONTINUOUS THERMAL MONITORING MARKET, BY REGION, 2021–2023 (USD MILLION)            100

TABLE 49              LOW-VOLTAGE TRANSFORMERS: CONTINUOUS THERMAL MONITORING MARKET, BY REGION, 2024–2030 (USD MILLION)            100

TABLE 50              OTHER APPLICATIONS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   101

TABLE 51              OTHER APPLICATIONS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   101

TABLE 52              CONTINUOUS THERMAL MONITORING MARKET, BY END USER,

2021–2023 (USD MILLION)            104

TABLE 53              CONTINUOUS THERMAL MONITORING MARKET, BY END USER,

2024–2030 (USD MILLION)            104

TABLE 54              DATA CENTERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   105

TABLE 55              DATA CENTERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   105

TABLE 56              OIL & GAS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   106

TABLE 57              OIL & GAS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   106

TABLE 58              LOGISTICS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   107

TABLE 59              LOGISTICS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   107

TABLE 60              UTILITIES: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   108

TABLE 61              UTILITIES: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   108

TABLE 62              MANUFACTURING: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   109

TABLE 63              MANUFACTURING: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   109

TABLE 64              HEALTHCARE: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   110

TABLE 65              HEALTHCARE: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   110

TABLE 66              RETAIL: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   111

TABLE 67              RETAIL: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   111

TABLE 68              TELECOMMUNICATIONS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   112

TABLE 69              TELECOMMUNICATIONS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   112

TABLE 70              OTHER END USERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2021–2023 (USD MILLION)   113

TABLE 71              OTHER END USERS: CONTINUOUS THERMAL MONITORING MARKET,

BY REGION, 2024–2030 (USD MILLION)   113

TABLE 72              CONTINUOUS THERMAL MONITORING MARKET, BY REGION,

2021–2023 (USD MILLION)            116

TABLE 73              CONTINUOUS THERMAL MONITORING MARKET, BY REGION,

2024–2030 (USD MILLION)            116

TABLE 74              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2021–2023 (USD MILLION)               117

TABLE 75              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2024–2030 (USD MILLION)               118

TABLE 76              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2021–2023 (USD MILLION)       118

TABLE 77              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2024–2030 (USD MILLION)       118

TABLE 78              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2021–2023 (USD MILLION)        119

TABLE 79              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2024–2030 (USD MILLION)        119

TABLE 80              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               119

TABLE 81              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               120

TABLE 82              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               120

TABLE 83              NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               120

TABLE 84              US: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               121

TABLE 85              US: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               122

TABLE 86              CANADA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               123

TABLE 87              CANADA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               123

TABLE 88              MEXICO: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               124

TABLE 89              MEXICO: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               124

TABLE 90              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2021–2023 (USD MILLION)               127

TABLE 91              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2024–2030 (USD MILLION)               127

TABLE 92              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2021–2023 (USD MILLION)       127

TABLE 93              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2024–2030 (USD MILLION)       128

TABLE 94              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2021–2023 (USD MILLION)        128

TABLE 95              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2024–2030 (USD MILLION)        128

TABLE 96              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               129

TABLE 97              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               129

TABLE 98              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               130

TABLE 99              ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               130

TABLE 100            CHINA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               131

TABLE 101            CHINA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               132

TABLE 102            AUSTRALIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               133

TABLE 103            AUSTRALIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               133

TABLE 104            INDIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               134

TABLE 105            INDIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               135

TABLE 106            JAPAN: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               136

TABLE 107            JAPAN: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               136

TABLE 108            SOUTH KOREA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               137

TABLE 109            SOUTH KOREA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               138

TABLE 110            REST OF ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               139

TABLE 111            REST OF ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               139

TABLE 112            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2021–2023 (USD MILLION)               140

TABLE 113            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2024–2030 (USD MILLION)               140

TABLE 114            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2021–2023 (USD MILLION)       141

TABLE 115            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2024–2030 (USD MILLION)       141

TABLE 116            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2021–2023 (USD MILLION)        141

TABLE 117            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2024–2030 (USD MILLION)        142

TABLE 118            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               142

TABLE 119            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               142

TABLE 120            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               143

TABLE 121            EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               143

TABLE 122            GERMANY: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               144

TABLE 123            GERMANY: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               144

TABLE 124            UK: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               145

TABLE 125            UK: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               146

TABLE 126            FRANCE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               147

TABLE 127            FRANCE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               147

TABLE 128            ITALY: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               148

TABLE 129            ITALY: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               149

TABLE 130            RUSSIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               150

TABLE 131            RUSSIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               150

TABLE 132            REST OF EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               151

TABLE 133            REST OF EUROPE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               151

TABLE 134            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2021–2023 (USD MILLION)               152

TABLE 135            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2024–2030 (USD MILLION)               152

TABLE 136            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2021–2023 (USD MILLION)       153

TABLE 137            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2024–2030 (USD MILLION)       153

TABLE 138            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2021–2023 (USD MILLION)        153

TABLE 139            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2024–2030 (USD MILLION)        154

TABLE 140            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               154

TABLE 141            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               154

TABLE 142            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               155

TABLE 143            MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               155

TABLE 144            GCC: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               155

TABLE 145            GCC: CONTINUOUS THERMAL MONITORING MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               156

TABLE 146            SAUDI ARABIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               157

TABLE 147            SAUDI ARABIA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               157

TABLE 148            UAE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               158

TABLE 149            UAE: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               158

TABLE 150            KUWAIT: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               159

TABLE 151            KUWAIT: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               160

TABLE 152            REST OF GCC: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               160

TABLE 153            REST OF GCC: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               161

TABLE 154            SOUTH AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               162

TABLE 155            SOUTH AFRICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               162

TABLE 156            REST OF MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET, BY END USER, 2021–2023 (USD MILLION) 163

TABLE 157            REST OF MIDDLE EAST & AFRICA: CONTINUOUS THERMAL MONITORING MARKET, BY END USER, 2024–2030 (USD MILLION) 163

TABLE 158            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2021–2023 (USD MILLION)               164

TABLE 159            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY OFFERING, 2024–2030 (USD MILLION)               164

TABLE 160            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2021–2023 (USD MILLION)       165

TABLE 161            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY APPLICATION, 2024–2030 (USD MILLION)       165

TABLE 162            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2021–2023 (USD MILLION)        165

TABLE 163            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY SWITCHGEAR, 2024–2030 (USD MILLION)        166

TABLE 164            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               166

TABLE 165            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               166

TABLE 166            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING,

BY COUNTRY, 2021–2023 (USD MILLION)               167

TABLE 167            SOUTH AMERICA: CONTINUOUS THERMAL MONITORING,

BY COUNTRY, 2024–2030 (USD MILLION)               167

TABLE 168            BRAZIL: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               168

TABLE 169            BRAZIL: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               168

TABLE 170            ARGENTINA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               169

TABLE 171            ARGENTINA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               170

TABLE 172            REST OF SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2021–2023 (USD MILLION)               171

TABLE 173            REST OF SOUTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET,

BY END USER, 2024–2030 (USD MILLION)               171

TABLE 174            CONTINUOUS THERMAL MONITORING MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024         172

TABLE 175            CONTINUOUS THERMAL MONITORING MARKET: DEGREE OF COMPETITION, 2023          176

TABLE 176            CONTINUOUS THERMAL MONITORING MARKET: REGION FOOTPRINT 183

TABLE 177            CONTINUOUS THERMAL MONITORING MARKET: OFFERING FOOTPRINT             184

TABLE 178            CONTINUOUS THERMAL MONITORING MARKET: APPLICATION FOOTPRINT     185

TABLE 179            CONTINUOUS THERMAL MONITORING MARKET: END USER FOOTPRINT              186

TABLE 180            CONTINUOUS THERMAL MONITORING MARKET: DETAILED LIST OF KEY STARTUPS/SMES         189

TABLE 181            CONTINUOUS THERMAL MONITORING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              190

TABLE 182            CONTINUOUS THERMAL MONITORING MARKET:

PRODUCT LAUNCHES, JANUARY 2020–DECEMBER 2024  191

TABLE 183            CONTINUOUS THERMAL MONITORING MARKET:

DEALS, JANUARY 2020–DECEMBER 2024 192

TABLE 184            CONTINUOUS THERMAL MONITORING MARKET: EXPANSIONS,

JANUARY 2020–DECEMBER 2024 193

TABLE 185            CONTINUOUS THERMAL MONITORING MARKET: OTHER DEVELOPMENTS,

JANUARY 2020–DECEMBER 2024 194

TABLE 186            ABB: COMPANY OVERVIEW         195

TABLE 187            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             197

TABLE 188            ABB: PRODUCT LAUNCHES         198

TABLE 189            ABB: DEALS        198

TABLE 190            ABB: EXPANSIONS           199

TABLE 191            ABB: OTHER DEVELOPMENTS   200

TABLE 192            SIEMENS: COMPANY OVERVIEW               202

TABLE 193            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             204

TABLE 194            SIEMENS: DEALS               205

TABLE 195            SIEMENS: OTHER DEVELOPMENTS         205

TABLE 196            SIEMENS: EXPANSIONS 206

TABLE 197            HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW          208

TABLE 198            HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    209

TABLE 199            HONEYWELL INTERNATIONAL INC.: EXPANSIONS     210

TABLE 200            HONEYWELL INTERNATIONAL INC.: OTHER DEVELOPMENTS              210

TABLE 201            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 212

TABLE 202            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    213

TABLE 203            SCHNEIDER ELECTRIC: PRODUCT LAUNCHES                 215

TABLE 204            SCHNEIDER ELECTRIC: EXPANSIONS     215

TABLE 205            SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS              216

TABLE 206            ADVANCED ENERGY: COMPANY OVERVIEW                 218

TABLE 207            ADVANCED ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    220

TABLE 208            ADVANCED ENERGY: EXPANSIONS         221

TABLE 209            MICROCHIP TECHNOLOGY INC.: COMPANY OVERVIEW          222

TABLE 210            MICROCHIP TECHNOLOGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    223

TABLE 211            MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES          225

TABLE 212            MICROCHIP TECHNOLOGY INC.: DEVELOPMENTS              225

TABLE 213            MICROCHIP TECHNOLOGY INC.: EXPANSIONS                 226

TABLE 214            TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY OVERVIEW   227

TABLE 215            TELEDYNE TECHNOLOGIES INCORPORATED: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        228

TABLE 216            TELEDYNE TECHNOLOGIES INCORPORATED: PRODUCT LAUNCHES   229

TABLE 217            TELEDYNE TECHNOLOGIES INCORPORATED: DEALS  230

TABLE 218            WIKA ALEXANDER WIEGAND SE & CO. KG: COMPANY OVERVIEW   231

TABLE 219            WIKA ALEXANDER WIEGAND SE & CO. KG: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        232

TABLE 220            CALEX ELECTRONICS LIMITED: COMPANY OVERVIEW          233

TABLE 221            CALEX ELECTRONICS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    233

TABLE 222            OMRON CORPORATION: COMPANY OVERVIEW                 234

TABLE 223            OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    236

TABLE 224            POWELL INDUSTRIES: COMPANY OVERVIEW                 237

TABLE 225            POWELL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    238

TABLE 226            DYNAMIC RATINGS: COMPANY OVERVIEW                 239

TABLE 227            DYNAMIC RATINGS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    239

TABLE 228            DYNAMIC RATINGS: EXPANSIONS            240

TABLE 229            DOBLE ENGINEERING COMPANY: COMPANY OVERVIEW          241

TABLE 230            DOBLE ENGINEERING COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    241

TABLE 231            DOBLE ENGINEERING COMPANY: EXPANSION                 242

TABLE 232            EXERTHERM: COMPANY OVERVIEW       243

TABLE 233            EXERTHERM: PRODUCTS/SOLUTIONS/SERVICES OFFERED    244

TABLE 234            EXERTHERM: DEALS      244

TABLE 235            OPTRIS: COMPANY OVERVIEW 245

TABLE 236            OPTRIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             245

LIST OF FIGURES

FIGURE 1              CONTINUOUS THERMAL MONITORING MARKET SEGMENTATION AND

REGIONAL SCOPE            26

FIGURE 2              CONTINUOUS THERMAL MONITORING MARKET: RESEARCH DESIGN     30

FIGURE 3              CONTINUOUS THERMAL MONITORING MARKET: DATA TRIANGULATION            35

FIGURE 4              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR CONTINUOUS THERMAL MONITORING 36

FIGURE 5              CONTINUOUS THERMAL MONITORING MARKET: BOTTOM-UP APPROACH          37

FIGURE 6              CONTINUOUS THERMAL MONITORING MARKET: TOP-DOWN APPROACH            40

FIGURE 7              KEY STEPS CONSIDERED TO ASSESS SUPPLY OF CONTINUOUS THERMAL MONITORING                41

FIGURE 8              CONTINUOUS THERMAL MONITORING MARKET: MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE ANALYSIS)             41

FIGURE 9              CONTINUOUS THERMAL MONITORING MARKET: RESEARCH ASSUMPTIONS       43

FIGURE 10            CONTINUOUS THERMAL MONITORING MARKET: RESEARCH LIMITATIONS         43

FIGURE 11            ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       45

FIGURE 12            HARDWARE SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2030 46

FIGURE 13            BUS DUCT MONITORS SEGMENT TO GROW AT HIGHEST CAGR DURING

FORECAST PERIOD         46

FIGURE 14            DATA CENTERS SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD      47

FIGURE 15            INCREASING DEMAND FOR RELIABLE AND EFFICIENT POWER INFRASTRUCTURE TO FOSTER MARKET GROWTH             48

FIGURE 16            HARDWARE SEGMENT AND CHINA DOMINATED CONTINUOUS THERMAL MONITORING MARKET IN 2024  49

FIGURE 17            HARDWARE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 49

FIGURE 18            SWITCHGEAR SEGMENT TO CLAIM LARGEST MARKET SHARE IN 2030 50

FIGURE 19            UTILITIES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 50

FIGURE 20            ASIA PACIFIC TO REGISTER HIGHEST CAGR MARKET DURING FORECAST PERIOD    51

FIGURE 21            CONTINUOUS THERMAL MONITORING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    52

FIGURE 22            ANNUAL PRIVATE INVESTMENT IN AI, 2019–2023 (USD BILLION) 54

FIGURE 23            REGION/COUNTRY-WISE INVESTMENT DATA ON ELECTRICITY GRIDS,

2015–2022 (USD BILLION)             56

FIGURE 24            SHARE OF RENEWABLE ENERGY GENERATION, BY TECHNOLOGY, 2020−2028     58

FIGURE 25            INTERNET CRIME COMPLAINTS AND LOSSES, 2019–2023              60

FIGURE 26            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   60

FIGURE 27            CONTINUOUS THERMAL MARKET: VALUE CHAIN ANALYSIS              61

FIGURE 28            CONTINUOUS THERMAL MONITORING MARKET: ECOSYSTEM ANALYSIS              62

FIGURE 29            AVERAGE SELLING PRICE TREND OF HARDWARE, BY REGION, 2021–2023          67

FIGURE 30            IMPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS,

BY COUNTRY, 2021–2023 (USD THOUSAND)         69

FIGURE 31            EXPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS,

BY COUNTRY, 2021–2023 (USD THOUSAND)         70

FIGURE 32            PATENTS APPLIED AND GRANTED, 2013–2023                 71

FIGURE 33            INVESTMENT AND FUNDING SCENARIO, 2024                 74

FIGURE 34            CONTINUOUS THERMAL MONITORING MARKET: PORTER’S FIVE FORCES ANALYSIS       78

FIGURE 35            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP OFFERINGS 80

FIGURE 36            KEY BUYING CRITERIA FOR TOP OFFERINGS                 81

FIGURE 37            IMPACT OF AI/GENERATIVE AI ON OFFERING, BY REGION         83

FIGURE 38            CONTINUOUS THERMAL MONITORING MARKET, BY OFFERING, 2023      87

FIGURE 39            CONTINUOUS THERMAL MONITORING MARKET, BY APPLICATION, 2023               92

FIGURE 40            CONTINUOUS THERMAL MONITORING MARKET, BY END USER, 2023       103

FIGURE 41            ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       115

FIGURE 42            CONTINUOUS THERMAL MONITORING MARKET, BY REGION     115

FIGURE 43            NORTH AMERICA: CONTINUOUS THERMAL MONITORING MARKET SNAPSHOT         117

FIGURE 44            ASIA PACIFIC: CONTINUOUS THERMAL MONITORING MARKET SNAPSHOT         126

FIGURE 45            CONTINUOUS THERMAL MONITORING MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023                 175

FIGURE 46            MARKET SHARE ANALYSIS OF COMPANIES OFFERING CONTINUOUS THERMAL MONITORING SERVICES, 2023        176

FIGURE 47            COMPANY VALUATION, 2025      178

FIGURE 48            FINANCIAL METRICS (EV/EBITDA), 2025                 178

FIGURE 49            BRAND/PRODUCT COMPARISON             179

FIGURE 50            CONTINUOUS THERMAL MONITORING MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023                 181

FIGURE 51            CONTINUOUS THERMAL MONITORING MARKET: COMPANY FOOTPRINT             182

FIGURE 52            CONTINUOUS THERMAL MONITORING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023        188

FIGURE 53            ABB: COMPANY SNAPSHOT        196

FIGURE 54            SIEMENS: COMPANY SNAPSHOT               203

FIGURE 55            HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT          209

FIGURE 56            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 213

FIGURE 57            ADVANCED ENERGY: COMPANY SNAPSHOT                 219

FIGURE 58            MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT          223

FIGURE 59            TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY SNAPSHOT   228

FIGURE 60            OMRON CORPORATION: COMPANY SNAPSHOT                 235

FIGURE 61            POWELL INDUSTRIES: COMPANY SNAPSHOT                 237