Top Companies in Continuous Thermal Monitoring Industry

Top Companies in Continuous Thermal Monitoring Industry - Siemens (Germany) and ABB (Switzerland)

The global continuous thermal monitoring market size was USD 1.00 billion in 2024 and is projected to reach USD 1.49 billion by 2030, at a CAGR of 6.8% between 2024 and 2030. The global continuous thermal monitoring market is growing rapidly, due to the growing need from the most important industries for safety, efficiency, and reliability in operations. At the same time, the increasing levels of automation, mounting integration of renewable energy and distributed power systems, and the growing demand for automation are dramatically alarming distances in need. There is a increasing need for relatively accurate temperature monitoring to prevent equipment failure and assure optimal performance. Real-time detection of temperature anomalies facilitated by CTM solutions erases possibilities of downtime and reduction in maintenance costs and supports the condition-based maintenance strategy. The investments in the oil and gas, manufacturing, utilities, and data center markets are getting directed towards energy efficiency and sustainability.

Top Companies in Continuous Thermal Monitoring Industry

  • Schneider Electric (France)
  • Siemens (Germany) 
  • ABB (Switzerland)
  • Honeywell International Inc. (US)
  • Teledyne Technologies (US) among others.

The key players following the strategies between 2020 to 2024. The companies are majorly following product launches, investments, expansions, contracts, agreements, partnerships, funding, and acquisition as the strategy to grow and expand the market.

To know about the assumptions considered for the study download the pdf brochure

Siemens (Germany) is a technology company that supplies technology products and services for infrastructure, healthcare, and transportation. Siemens functions for different sectors like- automotive, battery manufacturing, cranes, commercial buildings, data centers, mining, food and beverages, power utilities wind, oil and gas and the list goes on. Siemens operates six different business lines: digital industries, smart infrastructure, mobility, portfolio companies, healthineers, and financial services. Siemens specializes in continuous thermal monitoring solutions through its Digital Industries division.

Siemens is an international company known to be operating in more than 190 countries. Its headquarters are located in Munich, Germany. Siemens is active in Europe, South America, North America, the Middle East & Africa, and Asia Pacific. Sixteen technology centers operate in research and development, production, and quality assurance worldwide. Its research activities increase efficiencies and business processes.

ABB (Switzerland) is an engineering and industrial automation multinational that customizes and supplies a diverse range of products, systems, solutions, and services that contribute to enhance productivity, energy efficiency, and power quality. The product and service portfolio include thermal monitoring, drivers, industrial software, measurement and analytics, PLC automation, robotics, power converters and inverters, and others. ABB engages in activities based on four main business divisions: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The thermal monitoring-related products, in the form of continuous monitoring systems, are provided through the Electrification Business Division.

ABB's geographical presence covers more than 100 countries with manufacturing links in Europe, the Middle East & Africa, South America, Asia Pacific, and North America. It has 476 offices in about 85 countries on this planet, while its production facilities are planted in Switzerland, Sweden, China, Italy, Austria, America, India, Malaysia, and Spain and ~320 consolidated subsidiary entities and several production and R&D centers built across the globe.

Related Reports:

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

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]

Continuous Thermal Monitoring Market Size,  Share & Growth Report
Report Code
EP 9308
RI Published ON
1/31/2025
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2025 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status