PUBLISHER: Polaris Market Research | PRODUCT CODE: 1078392
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1078392
The global cold chain monitoring market size is expected to reach USD 16.75 billion by 2030 according to a new study by Polaris Market Research. The report "Cold Chain Monitoring Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software); By Logistics ((Storage (Warehouse, Cold Container), Transportation (Airways, Waterways, Railways, Roadways)); Application; By Region; Segment Forecasts, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the unexpected environment, the cold chain has become one of the essential elements for the transportation industry. While transporting drugs for pharmaceutical or healthcare purposes, food & beverages, or any other crucial perishable item, has augmented the demand for a heat-sensitive system.
The proper management of cold chain transportation is critical for ensuring the quality of the transported goods, such as medications, which must be transported at a specified temperature in many cases. Temperature excursions are less tolerable in medical and high-end products, and product spoilage results in a significant loss of money.
Owing to the rising preference for packaged food worldwide, the storage sector emerged as the largest segment in 2021. Packaged foods and medicines need to be kept at a constant temperature. Various sensors and control equipment monitors the temperature of packed food and medications while in storage.
Daikin Industries, Orbcomm, Berlinger & Co., Sensitech, Monnit, Controlant, Savi Technology, Elpro Buchs, Zest Labs, Securerf Corporation, Infratab, Lineage Logistics Holdings, Klinge Corporation, Temperature Monitor Solutions Africa, and others are some of the players operating in the market.
In December 2021, Daikin introduced its Refrigeration Leak Detection feature based on a unique new software algorithm. It saves time and money on manual leak checks and helps to avoid unexpected leaks during high seasons. The novel algorithm identifies even slow gas leaks across a wide load range, starting at 33% of unit load compared to 50% for other market applications.
In December 2021, ORBCOMM Inc. introduced a low-cost, flexible asset management system supported by its new GT 1030 global LTE telematics device, which aims to track and monitor all types of assets utilized in the transportation container, and heavy equipment markets.
Polaris Market Research has segmented the cold chain monitoring market report based on component, logistics, application, and region:
Cold Chain Monitoring, Component Outlook (Revenue - USD Million, 2018 - 2030)
Hardware
RFID devices
Telematics and telemetry devices
Sensors and data loggers
Networking devices
Software
On-premises
Cloud-based
Cold Chain Monitoring, Logistics Outlook (Revenue - USD Million, 2018 - 2030)
Storage
Warehouse
Cold Container
Transportation
Airways
Waterways
Railways
Roadways
Cold Chain Monitoring, Application Outlook (Revenue - USD Million, 2018 - 2030)
Fruits & Vegetables
Fruit pulp & Concentrates
Dairy Products
Fish, Meat & Seafood
Processed Food
Pharmaceuticals
Bakery & Confectionaries
Others
Cold Chain Monitoring, Regional Outlook (Revenue - USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Netherlands
Russia
Spain
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa