Storage Refrigeration Monitoring Market By System Type, By Component, By Storage Application, By End Use Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Storage Refrigeration Monitoring Market," The storage refrigeration monitoring market was valued at $8.3 billion in 2022, and is estimated to reach $17.6 billion by 2032, growing at a CAGR of 8% from 2023 to 2032.

Storage Refrigeration Monitoring Market - IMG1

The market for storage refrigeration monitoring is mainly influenced by the rising demand for food safety. Food safety and quality are indeed essential concerns in the storage & refrigeration industry. Stringent regulations and guidelines have been implemented by governing bodies to make sure the protection of food throughout the supply chain. Therefore, organizations in the food enterprise are adopting monitoring solutions to maintain perfect storage conditions and comply with these regulations. Storage refrigeration monitoring systems play a fundamental role in making sure that the temperature and humidity levels are maintained within the required range for different types of food products. These systems continuously monitor and track the conditions of inner storage and refrigeration units, providing real-time information on temperature, humidity, and other relevant parameters. By adopting monitoring solutions, organizations can prevent food spoilage and limit waste. With monitoring systems in place, any deviations from the optimal storage conditions can be quickly identified, allowing timely corrective moves to be taken. This helps to minimize food spoilage and preserve the quality and freshness of stored products.

The high initial investment required for implementing a storage refrigeration monitoring system can be a restraining factor for small and medium-sized businesses. The cost of purchasing monitoring equipment, sensors, software, and installation can add up, making it difficult for businesses with limited budgets to afford such a system. Storage refrigeration monitoring structures require specialized equipment such as temperature sensors, humidity sensors, data loggers, and monitoring devices. These equipment can be expensive, mainly if high-quality and accurate monitoring is required. Proper installation and setup of the monitoring system are crucial for accurate and reliable information collection. Depending on the complexity of the machine and the facility, expert installation may also be required, which can further add to the upfront costs.

The increasing adoption of the Internet of Things (IoT) and cloud-based technologies are revolutionizing the monitoring and control of refrigeration systems. IoT-enabled sensors and gadgets can collect real-time facts on temperature, humidity, electricity consumption, and equipment performance. These records can be analyzed and managed through cloud-based platforms, and organizations can make informed decisions to enhance efficiency, decrease costs, and ensure product quality. Companies offering progressive IoT and cloud-based storage refrigeration monitoring solutions have a significant growth opportunity in this market. Cloud-based structures supply agencies with remote access to their refrigeration systems. This permits real-time monitoring and management from anywhere, permitting immediate response to any issues or anomalies. Remote access also enables efficient management of multiple storage facilities from a centralized location. The insights gained from IoT-enabled monitoring and cloud-based analytics can help businesses optimize energy consumption, reduce waste, and decrease operational costs. By identifying energy-intensive processes or inefficient equipment, companies can implement energy-saving measures and improve overall sustainability.

The COVID-19 pandemic had a significant impact on the market for storage refrigeration monitoring market. The COVID-19 pandemic caused disruptions in global supply chains, affecting the availability and transport of storage refrigeration monitoring systems. Lockdown measures, travel restrictions, and manufacturing challenges resulted in delays and shortages of components and equipment. These supply chain disruptions impacted the market's expansion and slowed down the deployment of monitoring options in some regions. The storage refrigeration monitoring market is closely associated with the cold chain industry, which includes the transportation and storage of temperature-sensitive products, along with vaccines, pharmaceuticals, and perishable goods. The COVID-19 pandemic created a surge in demand for cold chain management due to the need for storing and distributing vaccines across the globe. This has driven the demand for storage refrigeration monitoring systems to ensure the secure storage and transportation of vaccines and different scientific supplies. Governments and health authorities across the globe implemented strict regulations and guidelines to ensure the protection and efficacy of vaccines and pharmaceuticals during the pandemic.

The key players profiled in this report include: Emerson Electric Co., Johnson Controls, MAYEKAWA MFG. CO., LTD, United Technologies, Sensitech Inc., DAIKIN INDUSTRIES, Ltd, EVAPCO, Inc., GEA Group Aktiengesellschaft, Ingersoll Rand, and LU-VE S.p.A. The market players are continuously striving to achieve an upper hand in this competitive market using strategies such as collaborations and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the storage refrigeration monitoring market analysis from 2022 to 2032 to identify the prevailing storage refrigeration monitoring market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the storage refrigeration monitoring market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global storage refrigeration monitoring market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By System Type

Software
Hardware
Services

By Component

Condenser
Compressor
Evaporator
Expansion Valve
Others

By Storage Application

Fresh Fruits and Vegetables
Beverages
Dairy and Ice Cream
Meat
Medical and Pharmaceutical Products
Others

By End Use Industry

Food and Beverages
Chemical and Pharmaceuticals
Healthcare
Residential
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA

Key Market Players:

Emerson Electric Co.
Johnson Controls
Mayekawa Mfg. Co., Ltd.
United Technologies Corporation.
Sensitech Inc.
Daikin Industries, Ltd.
EVAPCO, Inc.
GEA Group Aktiengesellschaft
ingersoll rand
The Danfoss Group

Product Code: A74664

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Average Selling Price
3.7. Brand Share Analysis
3.8. Key Regulation Analysis
3.9. Market Share Analysis
3.10. Patent Landscape
3.11. Regulatory Guidelines
3.12. Value Chain Analysis

CHAPTER 4: STORAGE REFRIGERATION MONITORING MARKET, BY SYSTEM TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Software
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Hardware
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Services
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: STORAGE REFRIGERATION MONITORING MARKET, BY COMPONENT

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Condenser
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Compressor
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Evaporator
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Expansion Valve
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country

CHAPTER 6: STORAGE REFRIGERATION MONITORING MARKET, BY STORAGE APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Fresh Fruits and Vegetables
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Beverages
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Dairy and Ice Cream
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Meat
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Medical and Pharmaceutical Products
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country

CHAPTER 7: STORAGE REFRIGERATION MONITORING MARKET, BY END USE INDUSTRY

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Food and Beverages
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Chemical and Pharmaceuticals
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Healthcare
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
7.5. Residential
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
7.6. Others
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country

CHAPTER 8: STORAGE REFRIGERATION MONITORING MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by System Type
- 8.2.3. Market size and forecast, by Component
- 8.2.4. Market size and forecast, by Storage Application
- 8.2.5. Market size and forecast, by End Use Industry
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by System Type
  - 8.2.6.1.3. Market size and forecast, by Component
  - 8.2.6.1.4. Market size and forecast, by Storage Application
  - 8.2.6.1.5. Market size and forecast, by End Use Industry
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by System Type
  - 8.2.6.2.3. Market size and forecast, by Component
  - 8.2.6.2.4. Market size and forecast, by Storage Application
  - 8.2.6.2.5. Market size and forecast, by End Use Industry
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Key market trends, growth factors and opportunities
  - 8.2.6.3.2. Market size and forecast, by System Type
  - 8.2.6.3.3. Market size and forecast, by Component
  - 8.2.6.3.4. Market size and forecast, by Storage Application
  - 8.2.6.3.5. Market size and forecast, by End Use Industry
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by System Type
- 8.3.3. Market size and forecast, by Component
- 8.3.4. Market size and forecast, by Storage Application
- 8.3.5. Market size and forecast, by End Use Industry
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by System Type
  - 8.3.6.1.3. Market size and forecast, by Component
  - 8.3.6.1.4. Market size and forecast, by Storage Application
  - 8.3.6.1.5. Market size and forecast, by End Use Industry
  - 8.3.6.2. UK
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by System Type
  - 8.3.6.2.3. Market size and forecast, by Component
  - 8.3.6.2.4. Market size and forecast, by Storage Application
  - 8.3.6.2.5. Market size and forecast, by End Use Industry
  - 8.3.6.3. France
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by System Type
  - 8.3.6.3.3. Market size and forecast, by Component
  - 8.3.6.3.4. Market size and forecast, by Storage Application
  - 8.3.6.3.5. Market size and forecast, by End Use Industry
  - 8.3.6.4. Spain
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by System Type
  - 8.3.6.4.3. Market size and forecast, by Component
  - 8.3.6.4.4. Market size and forecast, by Storage Application
  - 8.3.6.4.5. Market size and forecast, by End Use Industry
  - 8.3.6.5. Italy
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by System Type
  - 8.3.6.5.3. Market size and forecast, by Component
  - 8.3.6.5.4. Market size and forecast, by Storage Application
  - 8.3.6.5.5. Market size and forecast, by End Use Industry
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by System Type
  - 8.3.6.6.3. Market size and forecast, by Component
  - 8.3.6.6.4. Market size and forecast, by Storage Application
  - 8.3.6.6.5. Market size and forecast, by End Use Industry
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by System Type
- 8.4.3. Market size and forecast, by Component
- 8.4.4. Market size and forecast, by Storage Application
- 8.4.5. Market size and forecast, by End Use Industry
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by System Type
  - 8.4.6.1.3. Market size and forecast, by Component
  - 8.4.6.1.4. Market size and forecast, by Storage Application
  - 8.4.6.1.5. Market size and forecast, by End Use Industry
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by System Type
  - 8.4.6.2.3. Market size and forecast, by Component
  - 8.4.6.2.4. Market size and forecast, by Storage Application
  - 8.4.6.2.5. Market size and forecast, by End Use Industry
  - 8.4.6.3. India
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by System Type
  - 8.4.6.3.3. Market size and forecast, by Component
  - 8.4.6.3.4. Market size and forecast, by Storage Application
  - 8.4.6.3.5. Market size and forecast, by End Use Industry
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by System Type
  - 8.4.6.4.3. Market size and forecast, by Component
  - 8.4.6.4.4. Market size and forecast, by Storage Application
  - 8.4.6.4.5. Market size and forecast, by End Use Industry
  - 8.4.6.5. Australia
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by System Type
  - 8.4.6.5.3. Market size and forecast, by Component
  - 8.4.6.5.4. Market size and forecast, by Storage Application
  - 8.4.6.5.5. Market size and forecast, by End Use Industry
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Key market trends, growth factors and opportunities
  - 8.4.6.6.2. Market size and forecast, by System Type
  - 8.4.6.6.3. Market size and forecast, by Component
  - 8.4.6.6.4. Market size and forecast, by Storage Application
  - 8.4.6.6.5. Market size and forecast, by End Use Industry
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by System Type
- 8.5.3. Market size and forecast, by Component
- 8.5.4. Market size and forecast, by Storage Application
- 8.5.5. Market size and forecast, by End Use Industry
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Brazil
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by System Type
  - 8.5.6.1.3. Market size and forecast, by Component
  - 8.5.6.1.4. Market size and forecast, by Storage Application
  - 8.5.6.1.5. Market size and forecast, by End Use Industry
  - 8.5.6.2. Saudi Arabia
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by System Type
  - 8.5.6.2.3. Market size and forecast, by Component
  - 8.5.6.2.4. Market size and forecast, by Storage Application
  - 8.5.6.2.5. Market size and forecast, by End Use Industry
  - 8.5.6.3. United Arab Emirates
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by System Type
  - 8.5.6.3.3. Market size and forecast, by Component
  - 8.5.6.3.4. Market size and forecast, by Storage Application
  - 8.5.6.3.5. Market size and forecast, by End Use Industry
  - 8.5.6.4. South Africa
  - 8.5.6.4.1. Key market trends, growth factors and opportunities
  - 8.5.6.4.2. Market size and forecast, by System Type
  - 8.5.6.4.3. Market size and forecast, by Component
  - 8.5.6.4.4. Market size and forecast, by Storage Application
  - 8.5.6.4.5. Market size and forecast, by End Use Industry
  - 8.5.6.5. Rest of LAMEA
  - 8.5.6.5.1. Key market trends, growth factors and opportunities
  - 8.5.6.5.2. Market size and forecast, by System Type
  - 8.5.6.5.3. Market size and forecast, by Component
  - 8.5.6.5.4. Market size and forecast, by Storage Application
  - 8.5.6.5.5. Market size and forecast, by End Use Industry

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. Emerson Electric Co.
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
10.2. Johnson Controls
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
10.3. Mayekawa Mfg. Co., Ltd.
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
10.4. United Technologies Corporation.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
10.5. Sensitech Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
10.6. Daikin Industries, Ltd.
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
10.7. EVAPCO, Inc.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
10.8. GEA Group Aktiengesellschaft
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
10.9. ingersoll rand
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
10.10. The Danfoss Group
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot