Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The "Cold Chain Monitoring - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Cold Chain Monitoring Market to Reach $19.4 Billion by 2030
The global market for Cold Chain Monitoring estimated at US$6.1 Billion in the year 2022, is projected to reach a revised size of US$19.4 Billion by 2030, growing at a CAGR of 15.7% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 13.7% CAGR and reach US$12.4 Billion by the end of the analysis period. Growth in the Software segment is estimated at 20.2% CAGR for the next 8-year period.
The report delves into the cold chain monitoring sector, offering valuable insights into various facets, including market share, competitive presence, and recent market developments. It presents a snapshot of the global market, showcasing the percentage market share of key competitors in cold chain monitoring for the year 2022.
Furthermore, the report introduces the concept of cold chain management, emphasizing its significance in safeguarding the quality and safety of perishable products during transportation. It elucidates the benefits of effective cold chain monitoring, highlighting its critical role in various industries.
Additionally, the report underscores the profound impact of the COVID-19 pandemic on the cold chain monitoring sector, particularly in the context of vaccine distribution and maintaining the integrity of the cold chain. Amidst these challenges, the cold chain monitoring market is experiencing rapid growth, driven by sustainable cold chain facility construction and the introduction of innovative technologies.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 19.2% CAGR
The Cold Chain Monitoring market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 19.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 15.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 241 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.1 Billion |
| Forecasted Market Value (USD) by 2030 | $19.4 Billion |
| Compound Annual Growth Rate | 15.6% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Advent of Innovative Packaging Materials Ensure Safe Storage and Transportation of Pharmaceuticals and Perishable Food Products
- Rise of Cold Chain IoT to Strengthen Monitoring Solutions
- Food Security Concerns Turns Focus onto Cold Chain Monitoring
- Shrinking Arable Land
- Growing Significance of Farm-to-Fork Trend Elevates Role of Cold Chain Logistics
- Post-Harvest & Supply Chain Losses Create Strong Business Case
- Healthy Tide in Grocery & Processed Food Retail Augments Prospects for Food Cold Chain Solutions
- Increasing Demand for Organic Foods to Bolster Cold Chain System
- Cold Chains Gain Ground in Healthcare Sector
- Rising Global Demand for Temperature-Sensitive Drugs to Propel the Cold Chain Monitoring Market
- Governmental Policies Impact Pharmaceutical Supply Chains in Europe and North America
- Latest Regulation of FSMA Requires Further Refinements in Cold Chain Monitoring
- Advanced Digital Technologies Makes an Impact on Cold Chain Ecosystem
FOCUS ON SELECT PLAYERS(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)
For more information about this report visit https://www.researchandmarkets.com/r/t5p6pt
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