Press release
Smart Reefer Container Market is expected to grow US$ 1,665.35 Million at a CAGR of 8.5% during 2019-2027
Smart Reefer Container Market
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. Moreover, the market players are increasingly focusing on adopting advanced technologies such as IoT, artificial intelligence, big data analytics, and others to offer high-performance solutions for the logistics service providers as well as end-use industries to increase their operational efficiency and provide more visibility in the entire supply chain market.
Request a Sample copy of Report - https://www.theinsightpartners.com/sample/TIPRE00007925/?utm_source=OpenPR-10108
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.
The structure of worldwide seaborne shipping is, therefore, adapting to service the reefer trade involving a shift away from specialized terminals in ports, or specialized ports, to standard container terminals. The reefer is now commonly used temperature-controlled transport unit for ensuring load integrity as it is capable of accommodating an extensive range of temperature settings as well as consequently, a wide variety of temperature-sensitive products. In 2018, ~2.9 Mn TEUs of reefers were being used, representing ~5% of the global ISO container capacity.
Technological developments have undermined huge barriers in the international trade of cold chain products. The smart reefer solutions are overcoming the crucial challenges in the shipping of perishables over long distances. The new and advanced technologies play a significant role in ensuring that the perishable commodities reach fresh and at the desired destinations and also fulfill the strict import protocols that differ from countries to countries.
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.
With the constant advancement of shipping companies such as Maersk as well as Flexport, over the past few years, the shipping digitalization trend is gaining ever more prominence. It is anticipated that the digitalization trend will further increase in the future, and container intelligence is expected to become increasingly common. It will further result in the adoption of this trend by the other shipping carriers across the world as well.
The smart reefer container market on the basis of offerings is segmented into hardware, software, and services. In 2018, the service segment held the largest share in the global smart reefer container market and it is anticipated to continue its dominance during the forecast period of 2019 to 2027.
The smart reefer container market based on technology is sub-segmented into GPS, Cellular, Long Range Wide Area Network, Bluetooth Low Energy (BLE), others. The Bluetooth Low Energy (BLE) segment is expected to hold the prime market share in the smart reefer container market and it is anticipated to continue its dominance during the forecast period. Bluetooth Low Energy is the power-friendly version of Bluetooth wireless technology. It plays a significant role in transforming smart reefer containers to smarter reefer containers by making them compact, affordable, and less complex. Bluetooth Low Energy, also marketed as Bluetooth Smart, started as part of the Bluetooth 4.0 Core specification.
Leading Smart Reefer Container Market Players:
- 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
- Arviem AG
- Sealand - A Maersk Company
Purchase this Report with 20% Customization at - https://www.theinsightpartners.com/buy/TIPRE00007925/?utm_source=OpenPR-10108
Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Smart Reefer Container Market.
- Key market trends cracking up the growth of the Smart Reefer Container Market.
- Challenges to market growth.
- Key vendors of Smart Reefer Container Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Smart Reefer Container Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
Contact Us:
The Insight Partners
533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
Kharadi Road, Hadapsar, Pune-411028
About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Chemical, Food, Automotive and Defence.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Reefer Container Market is expected to grow US$ 1,665.35 Million at a CAGR of 8.5% during 2019-2027 here
News-ID: 2012204 • Views: …
More Releases from The Insight Partners
Insect Pest Control - Obtain PDF Sample Copy
The Insect Pest Control Market size is projected to reach US$ 14.85 billion by 2031 from US$ 21.33 billion in 2024. The market is expected to register a CAGR of 5.4% during 2025-2031. The proactive health measures, combined with heightened consumer awareness about disease prevention, have boosted the demand for both professional pest control services and DIY products. The convergence of public health policies, regulatory vigilance, and increased risk perception…
Denim Fabrics - Obtain PDF Sample Copy
The denim fabrics market size is projected to reach US$ 28.69 billion by 2031 from US$ 22.32 billion in 2024. The market is expected to register a CAGR of 3.8% during 2025-2031. The denim fabrics market is growing steadily owing to changing consumer preferences, fashion trends, and increasing accessibility. Denim has evolved from being a utilitarian fabric to a mainstream fashion item, appreciated for its flexibility, comfort, and ease. With…
Photomedicine Devices and Technologies Market Global Rising Demand & Huge Scope …
A new market study report by The Insight Partners on the Photomedicine Devices and Technologies Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period.
Get PDF Sample…
Genetic Testing Services Market Global Rising Demand & Huge Scope Till 2031
Genetic Testing Services Market business research report assesses the current as well as upcoming performance of the market, also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
