The global market for Cold Chain Monitoring estimated at US$7.3 Billion in the year 2023, is projected to reach a revised size of US$19.4 Billion by 2030, growing at a CAGR of 13% over the analysis period 2023-2030.
Cold Chain Monitoring Hardware, one of the segments analyzed in the report, is projected to record 11.3% CAGR and reach US$12.4 Billion by the end of the analysis period. Growth in the Cold Chain Monitoring Software segment is estimated at 16.6% CAGR for the next 8-year period.
The Cold Chain Monitoring market in the U.S. is estimated at US$2.3 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 15.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 12.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.8% CAGR.
Key Market Trends & Drivers
Advent of Innovative Packaging Materials Ensure Safe Storage and Transportation of Pharmaceuticals and Perishable Food Products
Rise of Cold Chain IoT to Strengthen Monitoring Solutions
Growing Significance of Farm-to-Fork Trend Elevates Role of Cold Chain Logistics
Post-Harvest & Supply Chain Losses Create Strong Business Case
Healthy Tide in Grocery & Processed Food Retail Augments Prospects for Food Cold Chain Solutions
Increasing Demand for Organic Foods to Bolster Cold Chain System
Cold Chains Gain Ground in Healthcare Sector
Rising Global Demand for Temperature-Sensitive Drugs to Propel the Cold Chain Monitoring Market
Governmental Policies Impact Pharmaceutical Supply Chains in Europe and North America
Latest Regulation of FSMA Requires Further Refinements in Cold Chain Monitoring
Advanced Digital Technologies Makes an Impact on Cold Chain Ecosystem
Key Report Features
Full access to influencer engagement stats
Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
The report covers 55 key competitors in the industry.
A selection of featured companies include:
Emerson Electric Company
Daikin Industries Ltd.
Aeris Communications, Inc.
Ambetronics Engineers Pvt. Ltd.
Americold
Haier Biomedical
Kii Corporation
Klinge Corporation
Agro Merchants Group
Burris Logistics
Elpro-Buchs AG
Interstate Cold Storage, Inc.
Hanwell Solutions Ltd.
JRI Company
Industrial Technology Research Institute (ITRI)
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Cold Chain Monitoring - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
A Prelude to Cold Chain
An Insight into Cold Chain Monitoring
Cold Chain Monitoring- Highly Beneficial for Transportation of Perishable Goods
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