Huge Demand for Smart Reefer Container Market by 2020-2027 with Profiling Players Like ORBCOMM Inc.,Wireless Links Inc.,Traxens,Globe Tracker, ApS

The global smart reefer container market accounted to US$ 823.81 Mn in 2018 and is expected to grow at a CAGR of 8.5% during the forecast period 2019 - 2027, to account to US$ 1,665.35 Mn by 2027.

Reefer containers are refrigerated shipping containers that are utilized for storing or transporting cold or frozen goods, perishable goods which require temperature control. These containers are becoming smart with the integration of telematics devices that offer real-time monitoring and tracking, thus facilitating the operators to increase the turn time of their containers for further planning and utilization. Smart reefer containers are developed using a wide range of sensors such as, temperature, pressure, humidity, and others that help in monitoring and controlling environmental conditions.

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Leading companies profiled in the report include ORBCOMM Inc.,Wireless Links Inc.,Traxens,Globe Tracker, ApS,Hapag-Lloyd AG,Nexxiot AG,Maven Systems Pvt. Ltd.,AikSphere Technologies Inc.,Tracker Systems, Inc.,Thermo King Corporation

Market Insights

Increasing Demand for Cold Chain Products to Bolster Smart Reefer Market

The rising global demand for cold chain products is driving the development in reefer containers. Though the reefer is a standardized transportation product, the markets its serves are highly diverse, ranging from pharmaceuticals, agricultural goods, chemicals, and even fresh flowers, among others. Reefers account for a rising share of the refrigerated cargo being shipped worldwide. In the past few decades, the refrigerated transport capacity in seaborne trade has mounted drastically.

Market Segmentation:

GLOBAL SMART REEFER CONTAINER MARKET SEGMENTATION

Global Smart Reefer Container Market - By Offerings

o Hardware
o Pressure Sensors
o Temperature Sensors
o Humidity Sensors
o Gas Sensors
o Position Sensors
o Software
o Service

Global Smart Reefer Container Market - By Technology

o GPS
o Cellular
o Long Range Wide Area Network
o Bluetooth Low Energy (BLE)

Global Smart Reefer Container Market - By Reefer

o 10GP
o 20GP
o 40GP
o 40HQ
o 45HQ

Global Smart Reefer Container Market - By End-User Industry

o Food & Beverage
o Pharmaceutical
o Oil & Gas
o Chemicals
o Military & Defense

Digitalization of Shipping Coupled with Supportive Initiatives from Stakeholders is Expected to Propel the Installation of Smart Reefer Containers

Several shipping giants are utilizing advanced technologies to overcome the hurdles caused by the traditional container tracking procedure. The smart reefer containing technology is helping these companies to thoroughly understand the shipping status and help enhance the customer experience.

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