The global market for Cold Chain Monitoring is estimated at US$8.1 Billion in 2023 and is projected to reach US$21.7 Billion by 2030, growing at a CAGR of 15.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cold chain monitoring market is driven by several factors. The increasing demand for perishable goods, including fresh and frozen foods, vaccines, and biologics, is a significant driver, as these products require stringent temperature control to ensure safety and efficacy. Stringent regulatory requirements and standards imposed by authorities like the FDA and WHO are compelling companies to adopt robust cold chain monitoring solutions to ensure compliance. The expansion of the pharmaceutical and biotechnology sectors, particularly with the rise of personalized medicine and biologics, is also fueling market growth. Technological advancements in IoT, AI, and cloud computing are making cold chain monitoring systems more efficient, cost-effective, and accessible, encouraging broader adoption. Additionally, the growing awareness of food safety and the increasing prevalence of foodborne illnesses are prompting the food industry to invest in reliable cold chain solutions. These factors, combined with continuous innovation and the globalization of supply chains, are expected to drive sustained growth in the cold chain monitoring market in the coming years.
The growth in the cold chain monitoring market is driven by several factors. The increasing demand for perishable goods, including fresh and frozen foods, vaccines, and biologics, is a significant driver, as these products require stringent temperature control to ensure safety and efficacy. Stringent regulatory requirements and standards imposed by authorities like the FDA and WHO are compelling companies to adopt robust cold chain monitoring solutions to ensure compliance. The expansion of the pharmaceutical and biotechnology sectors, particularly with the rise of personalized medicine and biologics, is also fueling market growth. Technological advancements in IoT, AI, and cloud computing are making cold chain monitoring systems more efficient, cost-effective, and accessible, encouraging broader adoption. Additionally, the growing awareness of food safety and the increasing prevalence of foodborne illnesses are prompting the food industry to invest in reliable cold chain solutions. These factors, combined with continuous innovation and the globalization of supply chains, are expected to drive sustained growth in the cold chain monitoring market in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Food & Beverage Application segment, which is expected to reach US$11.2 Billion by 2030 with a CAGR of a 12.6%. The Pharma & Healthcare Application segment is also set to grow at 21.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.3 Billion in 2023, and China, forecasted to grow at an impressive 18.2% CAGR to reach $3.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cold Chain Monitoring Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cold Chain Monitoring Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cold Chain Monitoring Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Emerson Electric Company, Daikin Industries Ltd., Aeris Communications, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 55 Featured):
- 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)
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- 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)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 241 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 8.1 Billion |
| Forecasted Market Value ( USD | $ 21.7 Billion |
| Compound Annual Growth Rate | 15.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
