Dublin, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The "Global Cold Chain Monitoring Market by Offering (Hardware, Software), Application (Chemicals, Food & Beverage, Pharmaceuticals & Healthcare), Logistics - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Cold Chain Monitoring Market, with a size estimated at USD 3.62 billion in 2022, has seen substantial expansion, reaching USD 4.09 billion in 2023.
This growth is poised to continue at a remarkable Compound Annual Growth Rate (CAGR) of 13.47%, ultimately surging to an impressive USD 9.96 billion by 2030.
Market Segmentation & Coverage:
This in-depth research report delves into the intricacies of the Global Cold Chain Monitoring Market, providing valuable insights, forecasting revenues, and analyzing trends across various sub-markets:
Offering: The market is categorized into Hardware and Software. Hardware, which includes Networking Devices, RFID Devices, Sensors & Data Loggers, and Telematics & Telemetry Devices, has shown significant potential. However, Software is projected to witness substantial market share growth during the forecast period.
Application: Three key application sectors are examined—Chemicals, Food & Beverage, and Pharmaceuticals & Healthcare. The Pharmaceuticals & Healthcare sector is poised to experience substantial market share growth during the forecast period.
Logistics: The market encompasses a wide range of logistics options, including Airways, Cold Containers, Railways, Roadways, Transportation, Warehouses, and Waterways. Notably, Waterways are projected to witness significant market share growth in the coming years.
Region: The report offers an in-depth regional analysis, covering the Americas, Asia-Pacific, and Europe, Middle East & Africa. Key countries within these regions are also highlighted, providing a granular view of market dynamics. The Americas commanded the largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.
Market Dynamics:
The report dives into the factors driving and inhibiting market growth, offering insights into opportunities and challenges:
Drivers:
- Growing focus on supply chain efficiency and transparency
- Increasing need for temperature-sensitive drugs
- Rising emphasis on reducing food wastage during transportation
Restraints:
- Lack of standardization and high operational costs
Opportunities:
- Increasing penetration of cold chain logistics through domestic food & pharma delivery apps
- Advancements in cold chain monitoring solutions
- Rising investments in building refrigerated warehouses
Challenges:
- Lack of required cold chain infrastructure in low-income countries
The report provides insights on several key pointers:
Market Penetration: It offers comprehensive information on the market provided by key players.
Market Development: The report delves into lucrative emerging markets and analyzes penetration across mature segments of the market.
Market Diversification: It provides detailed information about new product launches, untapped geographies, recent developments, and investments.
Market Trends: The report offers a comprehensive understanding of the cumulative impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation.
Competitive Assessment & Intelligence: The report exhaustively assesses market shares, strategies, products, certifications, regulatory approvals, patent landscapes, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report answers critical questions, including:
- What is the market size and forecast of the Global Cold Chain Monitoring Market?
- How have inhibiting factors and the impact of COVID-19 shaped the Global Cold Chain Monitoring Market during the forecast period?
- Which products/segments/applications/areas are ideal for investment in the Global Cold Chain Monitoring Market?
- What is the competitive strategic window for opportunities in the Global Cold Chain Monitoring Market?
- What are the prevailing technology trends and regulatory frameworks in the Global Cold Chain Monitoring Market?
- What is the market share of the leading vendors in the Global Cold Chain Monitoring Market?
- What modes and strategic moves are considered suitable for entering the Global Cold Chain Monitoring Market?
Key Attributes:
- No. of Pages: 189
- Forecast Period: 2023 - 2030
- Estimated Market Value (USD) in 2023: $4.09 Billion
- Forecasted Market Value (USD) by 2030: $9.96 Billion
- Compound Annual Growth Rate: 13.4%
- Regions Covered: Global
Companies Mentioned
- Ambetronics Engineers Pvt.Ltd.
- Berlinger & Co. AG
- Carrier Global Corporation
- Controlant hf.
- Daikin Industries, Ltd.
- Elpro-buchs AG
- Klinge Corporation
- Lineage Logistics, LLC
- Logistimo India Private Limited
- Monnit Corporation
- NXP Semiconductors N.V.
- Orbcomm, LLC
- Parsyl Inc.
- Verigo
- Zest Labs Inc. by Ecoark Holdings, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/dedctz
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