CHICAGO, May 24, 2023 (GLOBE NEWSWIRE) — The temperature management systems industry is poised for significant growth and advancement in the near future. With increasing awareness of the importance of temperature control in various sectors including healthcare, pharmaceuticals and food storage, the demand for advanced temperature management solutions is increasing. The industry is expected to witness the development of innovative technologies such as intelligent temperature monitoring systems, advanced insulation materials and energy-efficient cooling and heating systems. Additionally, the integration of Internet-of-Things (IoT) capabilities and artificial intelligence (AI) algorithms will enable real-time monitoring, predictive maintenance, and automated temperature adjustments, increasing efficiency and reducing operational costs. In addition, strict regulations for temperature-sensitive products and the need for precise temperature control in healthcare will drive the adoption of temperature management systems. Overall, the temperature management systems industry will see remarkable growth due to advances in technology, regulatory requirements and the increasing importance of maintaining optimal temperature conditions in various applications.

Temperature Management Systems Market According to a recent report by MarketsandMarkets™, revenue is estimated at US$2.7 billion in 2021 and is expected to reach US$3.3 billion by 2026, growing at a CAGR of 3.6% from 2021 to 2026. The market growth is largely driven by the increasing global incidence of chronic diseases and the associated increase in the number of surgical procedures as well as the increasing number of cases of hypothermia. Also, the growing number of contracts and agreements between market players is likely to provide diverse growth opportunities for market players during the forecast period. However, the high cost of intravascular temperature…