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.
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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 $44.2 billion. With the growing global healthcare and pharmaceutical sectors, the demand for multichannel data loggers is also growing in this industry.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Multichannel Data Logger Market Market Report Segment
By Type
- Wired
- Wireless
By Industry
- Aviation and Defense
- Transportation
- Manufacturing
- Healthcare
- Environmental Monitoring
- Agriculture
- Other (Food Processing, Building Automation, and Other)
Global Multichannel Data Logger Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ 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.
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