Multichannel Data Logger Market
Multichannel Data Logger Market Size, Share & Trends Analysis Report By Type (Wired, and Wireless), And By Industry (Transportation, Environmental Monitoring, Aviation And Defense, Manufacturing, Healthcare, Food Processing, Agriculture, And Other Industries), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Multichannel data logger market is anticipated to grow at a CAGR of 5.3% during the forecast period (2023-2030). The demand for multichannel data loggers is growing due to factors such as increasing demand for data collection and analysis, growing adoption of the Internet of Things (IoT), and growing application industries such as aviation. Further, increasing technological advancements and growing research on multichannel data logger is also fueling the growth of the market. For instance, in November 2020 research by the Department of Mechanical Engineering, University of Nigeria researchers developed a twenty-two-point multichannel temperature data logger specially customized and coupled to a 160Wpeak Hybrid Photovoltaic/Thermal (PV/T) flat plate solar air heater.
Segmental Outlook
The global multichannel data logger market is segmented on the product type, industry, and region. Based on type, the market is sub-segmented into wired multichannel data logger, and wireless multichannel data logger. Based on industry, the market is sub-segmented into transportation, environmental monitoring, aviation and defense, manufacturing, healthcare, food processing, agriculture, and other industries.
Healthcare to Witness Considerable Market Share in Multichannel Data Logger Market
In the healthcare industry, the multichannel data logger market is used for monitoring patient data, environmental monitoring of healthcare facilities, and monitoring the performance of medical equipment. Data loggers are used widely in pharmaceutical manufacturing due to stringent regulations and the necessity to maintain product quality, safety, and compliance. In pharmaceuticals, data loggers are widely used in real-time monitoring of temperature, humidity monitoring, and storage stability studies. Also, data loggers generate detailed reports and documentation which are essential for audits and inspections by regulatory authorities and also maintain data integrity.
Global healthcare and pharmaceutical expenditure is growing owing to factors such as the growing aging population, rising prevalence of chronic diseases, increasing government investment, and growing global disposable income among others. According to the 2022, report of global expenditure on healthcare in 2020, global spending on health reached $9 trillion, or 10.8% of the global gross domestic product (GDP). Across countries, health spending in 2020 rose in per capita terms and as a share of GDP across all income groups. Apart from this, increasing investments in pharmaceutical sectors across regions are also driving the growth of the healthcare sector. For instance, according to the 2022 report of the European Federation of Pharmaceuticals Industries and Associations, total pharmaceutical R&D investments grew from $42.2 billion to $44.2 billion. With the growing global healthcare and pharmaceutical sectors, the demand for multichannel data loggers is also growing in this industry.
Regional Outlook
The global multichannel data logger market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to factors such as the growing regional logistics and transportation sector, and growing fast-moving consumer goods market among others.
Global Multichannel Data Logger Market Growth by Region 2023-2030
The Asia-Pacific Region is Expected to Grow Significantly in the Global Multichannel Data Logger Market.
The demand for multichannel data loggers in the pharmaceutical and defense industry is expected to grow significantly in the Asia-Pacific region. Apart from the growing regional economy, the Asia Pacific region holds a significant presence in global pharmaceutical manufacturing and is expected to grow in coming years mainly due to growing population, consumer demand, and regional government initiatives. For instance, in India, Foreign direct investment (FDI) is allowed up to 100% through an automatic route for new pharmaceutical projects (greenfield). For existing pharmaceutical projects (brownfield), FDI is allowed up to 74% through an automatic route and above that through government approval. Apart from this, the major economies in the region are promoting domestic defense manufacturing by introducing multiple incentives and policies and are also witnessing significant investments. For instance, as per the Union Budget 2022-23 of India, 25% of the defense R&D budget has been earmarked for private industry and start-ups which will pave the way for the innovation of new defense technologies in India.
Market Players Outlook
The major companies serving the multichannel data logger market include Hioki E.E. Corp., Omron Corp., FLUKE Corp., Grant Instruments, NOVUS Automation Inc., and Onset Computer Corporation, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, and expanding product portfolios to multiple sectors. For instance, in January 2020, Onset, a manufacturer of field-proven data loggers, announced the release of two new HOBO MX Multi-Channel data loggers: the HOBO Analog/Temperature/Relative Humidity (RH)/Light data logger and the HOBO 4-Channel Analog data logger.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global multichannel data logger market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Hioki E.E. Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Omron Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. FLUKE Corp
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Multichannel Data Logger Market by Type
4.1.1. Wired Multichannel Data Logger
4.1.2. Wireless Multichannel Data Logger
4.2. Global Multichannel Data Logger Market by Industry
4.2.1. Aviation and Defense
4.2.2. Transportation
4.2.3. Manufacturing
4.2.4. Healthcare
4.2.5. Environmental Monitoring
4.2.6. Agriculture
4.2.7. Other (Food Processing, Building Automation, and Other)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Delphin Technology AG
6.2. Delta-T Devices Ltd
6.3. Dickson Data
6.4. FLUKE Corp.
6.5. Grant Instruments
6.6. Graphtec America, Inc
6.7. Kistler Group
6.8. MSR Electronics GmbH
6.9. NOVUS Automation Inc.
6.10. Omega Engineering, Inc.
6.11. Onset Computer Corp.(Onset, HOBO, and InTemp)
6.12. Pico Technology Ltd.
6.13. ROTRONIC AG
6.14. Siemens AG
6.15. T&D Corp.
6.16. Testo India Pvt. Ltd.
6.17. Texas Instruments Inc.
6.18. Vaisala Oyj
6.19. Yokogawa Electric Corp.
6.20. Yamato Scientific America Inc.
1. GLOBAL MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL WIRED MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL WIRELESS MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2022-2030 ($ MILLION)
5. GLOBAL MULTICHANNEL DATA LOGGER IN AVIATION AND DEFENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL MULTICHANNEL DATA LOGGER IN TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL MULTICHANNEL DATA LOGGER IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL MULTICHANNEL DATA LOGGER IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL MULTICHANNEL DATA LOGGER IN ENVIRONMENTAL MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL MULTICHANNEL DATA LOGGER IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL MULTICHANNEL DATA LOGGER IN OTHER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. NORTH AMERICAN MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. NORTH AMERICAN MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
15. NORTH AMERICAN MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2022-2030 ($ MILLION)
16. EUROPEAN MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. EUROPEAN MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
18. EUROPEAN MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2022-2030 ($ MILLION)
19. ASIA-PACIFIC MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. ASIA-PACIFIC MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2022-2030 ($ MILLION)
22. REST OF THE WORLD MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. REST OF THE WORLD MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
24. REST OF THE WORLD MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2022-2030 ($ MILLION)
1. GLOBAL MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022 VS 2030 (%)
2. GLOBAL WIRED MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL WIRELESS MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2022 VS 2030 (%)
5. GLOBAL MULTICHANNEL DATA LOGGER IN AVIATION AND DEFENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL MULTICHANNEL DATA LOGGER IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL MULTICHANNEL DATA LOGGER IN HEALTHCARE AND PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL MULTICHANNEL DATA LOGGER IN ENVIRONMENTAL MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL MULTICHANNEL DATA LOGGER IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL MULTICHANNEL DATA LOGGER IN TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
11. GLOBAL MULTICHANNEL DATA LOGGER IN OTHER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL MULTICHANNEL DATA LOGGER MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. US MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
15. UK MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
26. LATIN AMERICA MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
27. MIDDLE EAST AND AFRICA MULTICHANNEL DATA LOGGER MARKET SIZE, 2022-2030 ($ MILLION)
