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Refrigeration Monitoring - Global Strategic Business Report

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    Report

  • 558 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5304074
The global market for Refrigeration Monitoring is estimated at US$9.1 Billion in 2023 and is projected to reach US$15.6 Billion by 2030, growing at a CAGR of 8.1% 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 refrigeration monitoring market is driven by several factors, including technological advancements, increasing regulatory requirements, and the rising demand for energy-efficient solutions. The adoption of IoT and AI technologies is enhancing the capabilities and efficiency of refrigeration monitoring systems. Regulatory pressures related to food safety and pharmaceutical storage are prompting businesses to implement reliable monitoring solutions.

The focus on sustainability and energy conservation is driving the development of energy-efficient and eco-friendly monitoring technologies. Additionally, the growth of e-commerce and the need for effective cold chain logistics are contributing to market expansion. These factors collectively ensure robust growth in the refrigeration monitoring market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Refrigeration Monitoring Hardware segment, which is expected to reach US$8.8 Billion by 2030 with a CAGR of a 8.0%. The Refrigeration Monitoring Software segment is also set to grow at 9.0% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $2.5 Billion in 2023, and China, forecasted to grow at an impressive 10.1% CAGR to reach $1.8 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 Refrigeration 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 Refrigeration 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 Refrigeration 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 Berlinger & Co. AG, Cargo Data Corporation, Daikin Industries, Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 66 Featured):

  • Berlinger & Co. AG
  • Cargo Data Corporation
  • Daikin Industries, Ltd.
  • Danfoss A/S
  • Digi International Inc.
  • Emerson Electric Company
  • Monnit Corporation
  • ORBCOMM
  • Proges-plus
  • Samsara Inc.
  • Sensaphone
  • Swift Sensors Inc.
  • Tek Troniks Limited
  • Tempmate GmbH
  • Texas Instruments Inc.
  • Vaisala Oyj
  • Zebra Technologies Corp.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Refrigeration Monitoring
  • Global Economic Update
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Global Market Outlook
  • Hardware Segment Leads Global Market
  • Food Industry & Pharma Sector to Continue Driving Gains
  • Developing Regions to Spearhead Future Growth
  • Competition
  • Refrigeration Monitoring - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • A Glance at Select Refrigeration Monitoring Systems
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rise in Global Trade & Retail Drives Demand for Transportation Refrigeration Equipment
  • Continuous Development of World’s Highways to Expand Market Opportunities for Road Freight Transportation
  • Growth in Ocean Refrigerated Ocean Freight Creates Parallel Opportunity for Refrigeration Systems
  • Development of Cold Chain Warehousing, Distribution & Logistics: Cornerstone for Growth in the Refrigeration Monitoring Market
  • Cold Chain Monitoring: Highly Beneficial for Transportation of Perishable Goods
  • Construction of Sustainable Cold Chain Facilities Minimizes Food Wastage and Improve Product Quality
  • Growing Significance of Farm-to-Fork Trend Elevates Role of Cold Chain Logistics
  • Post-Harvest & Supply Chain Losses Create Strong Business Case
  • Innovative Technologies Fuel Growth for Cold Chain Monitoring Market
  • FSMA Regulations Requires Further Refinements in Cold Chain Monitoring
  • Cold Chain Monitoring Market Poised for High Growth
  • Rapid Growth in Food Retailing Spurs Need for Refrigeration Monitoring
  • Global Food and Grocery Retail Market Size in US$ Billion for the Years 2022, 2024, 2026 and 2028
  • Refrigeration Monitoring Systems Critical to Grocery Warehouses
  • Food Safety, Also a Major Factor Driving Demand Growth
  • Strong Demand for Frozen Foods Further Drives the Value & Importance of Refrigeration Monitoring
  • Growing Demand for Frozen Foods Bodes Well for Refrigeration Monitoring Solutions: Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
  • Expanding Online Grocery Market Spurs Need for Refrigeration Monitoring
  • Grocery e-Commerce Emerges Into a Powerful Driver of Growth for Refrigeration Monitoring Market: Global Online Grocery Market (In US$ Billion) for Years 2023, 2025, 2027 and 2029
  • Rise in Availability of Temperature-Sensitive Drugs & Vaccines Fuels Market Growth
  • Global Biopharmaceutical Sales (In US$ Billion) for Years 2023, 2025, 2027 and 2029
  • Growing Investments in Biopharma Cold Chain Infrastructure Translates into Opportunities for Refrigeration Monitoring Solutions: Global Spending on Cold Chain Technologies in the Biopharmaceuticals Industry (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
  • Vaccines Make Cold Chain Highly Relevant in Pharmaceutical Logistics
  • A Review of Monitoring Solutions for Temperature-Sensitive Medical Products
  • A Deep Dive into the Market for Refrigerator Temperature Monitoring Systems for Medical Facilities and Labs
  • Types of Refrigerator Temperature Monitoring Devices
  • Cold Chain Failures Cast the Spotlight on Remote Monitoring to Fix Breaks
  • Remote Monitoring Solutions to the Rescue
  • Remote Refrigeration Monitoring Solutions for the Foodservice Industry
  • Rise in Floriculture Bodes Well for the Market
  • As Flowers Become a Lucrative Trade Commodity, New Opportunities Open for Refrigeration Monitoring in the Floral Cold Chain: Global Market for Cut Flowers (In US$ Billion) for Years 2023, 2025, 2027 and 2029
  • IoT Technology Makes Perfect Sense for Refrigeration Systems
  • Use of IoT in Refrigeration Monitoring Continues to Gain Momentum
  • AI Emerges to Revolutionize Refrigerated Storage and Transportation Space
  • Why AI is Prudent Choice for Cold Chain Temperature Monitoring
  • AI is All Set to Unlock New Narrative for Commercial Refrigeration
  • Blockchain Technology for Real-Time Monitoring of Refrigeration Systems
  • Blockchain for Effective Transport of Temperature-Sensitive Pharmaceuticals
  • Technological Innovations Boost Refrigeration Monitoring Market
  • Retrofit Market to Drive Opportunities Amid Phase-out of Fluorinated Refrigerants
  • Challenges Confronting Refrigeration Monitoring Market
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Refrigeration Monitoring Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Refrigeration Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Refrigeration Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 4: World 16-Year Perspective for Refrigeration Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Storage by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 19: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 22: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 25: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 28: World 16-Year Perspective for Chemicals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 31: World 16-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 34: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Refrigeration Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADAJAPANCHINA
EUROPE
  • Refrigeration Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEASIA-PACIFICAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Refrigeration Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned

  • Berlinger & Co. AG
  • Cargo Data Corporation
  • Daikin Industries, Ltd.
  • Danfoss A/S
  • Digi International Inc.
  • Emerson Electric Company
  • Monnit Corporation
  • ORBCOMM
  • Proges-plus
  • Samsara Inc.
  • Sensaphone
  • Swift Sensors Inc.
  • Tek Troniks Limited
  • Tempmate GmbH
  • Texas Instruments Inc.
  • Vaisala Oyj
  • Zebra Technologies Corp.

Table Information