Cold chain solutions have become a vital part of supply chain management for transportation and storage of temperature-sensitive products. Rising trade of unpreserved products is estimated to drive market demand over the forecast period. Players functioning in the marketplace for cold chain are gradually adopting alternative energy solutions such as wind and solar to minimize overall operating cost. Among cold chain solutions, the refrigeration systems are applicable for longer duration and maintain quality of products. Refrigerants applicable in refrigeration systems pose a warning to the environment because of their high level of Global Warming Potential (GWP) and Ozone Depletion Potential (ODP). Mostly cold chain solutions are used in warehouse automation, control systems, transportation, and packaging of fresh food. Nowadays, it is observed that demand is propelling in better food quality and need to reduce food wastage.
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The Global Cold Chain Monitoring Market is expected to reach USD 7.21 billion by 2025 from USD 3.41 billion in 2017 and is projected to grow at a CAGR of 14.6% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
In 2005, Sensitech introduced Coldstream PTS, which enables the retailers, perishable suppliers to reduce shrink and raise profit through cold chain visibility.
In 2017, Zest Labs launched a new medium which solve out the fresh food management through cold chain solutions. .
Market Key Players:
- Sensitech Inc.,
- ORBCOMM ,
- Berlinger & Co. AG,
- Monnit Corp.,
- ELPRO-BUCHS AG,
- Savi Technology,
- Zest Labs,
- Infratab Inc.,
- AGRO Merchants Group,
- Cloverleaf cold storage,
- HENNINGSEN COLD STORAGE CO.,
- Preferred Freezer Services,
- Cold Chain Technologies,
- Cryopak A TCP Company,
- COLD BOX EXPRESS, INC.
- Swire Cold Storage,
- Nichirei Logistics Group, Inc.,
- VersaCold Logistics Services,
- Frialsa Frigorificos S.A. De C.V.,
- Burris Logistics,
- Gruppo Marconi Logistica Integrata,
- Oxford Logistics Group,
- Montague Cold Storage Pty Ltd,
- Friozem Armazens Frigorificos Ltd.
- and many more.
The global cold chain monitoring market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of cold chain monitoring market for global, Europe, North America, Asia Pacific and South America.
In 2017, ORBCOMM introduced the cold chain monitoring solutions, which is beneficial in 3G, dual-mode satellite-cellular version that enables the temperature and furl management, logistics and maintenance.
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Cold Chain Monitoring Market Report provides exclusive tool for appraising the market, highlighting opportunities, and supporting tactical and strategic decision-making.
Table of Contents:
1 Scope of the Report
2 Executive Summary
3 Global Cold Chain Monitoring Market by Players
4 Cold Chain Monitoring Market by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Cold Chain Monitoring Market Forecast
12 Key Players Analysis Research, Findings and Conclusion
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Market Drivers & Restraints:
Increasing demand for rerouting maneuvers, which raises the efficiency in the transportation industry.
Growing demand in the field of autonomous trucks.
Research and development took place to improve the warehouse for power consumption.
Rising demand for temperature-sensitive drugs.
Distortion due to high cost of establishment.
Based on component type, the market is segmented into:
- hardware (sensors and data loggers)
- and software,
Based on logistics, the market is segmented into:
Based on applications, the market is segmented into:
- pharmaceuticals & healthcare,
- food & beverages,
Based on geography, the market report covers data points countries across multiple geographies such as:
- North America,
- South America,
- Middle East & Africa.
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