Cold Chain Monitoring Market to Witness Massive Growth | Orbcomm Inc., Sensitech Inc. , Berlinger & Co. AG, Monnit Co.
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Global Cold Chain Monitoring Market is valued approximately USD 4.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.5 % over the forecast period 2020-2027. Cold chain monitoring is a supply chain monitoring/logistics solution that helps to track food items, perishable products, pharmaceutical and health care with assured freshness effectively. It provides real-time data about the storage and distribution network in various applications. Cold Chain Monitoring plays a vital role by providing monitoring solutions, as it ensures the quality and integrity of vaccines, medicines, and other active ingredients. Cold chain monitoring is used in food, agriculture and pharmaceutical industries to maintain sustainable temperature-controlled supply chain. Th decline in trade and industrial activities in several countries due to the COVID-19 pandemic is likely to affect the cold chain monitoring market. The increasing global demand for temperature-sensitive drugs, rising demand for better food quality and need to reduce food wastage and surging demand for generic drugs owing to higher accessibility are the few factors responsible for growth of the market over the forecast period. Furthermore, increasing advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 14th August 2017, Orbcomm Inc. launched next generation cold chain monitoring solution, named ORBCOMM's PT 6000. It is dual-mode satellite-cellular version, enables fuel and temperature management, maintenance, logistics and regulatory compliance for refrigerated transport assets.However, high cost of implementation is the major factor restraining the growth of global Cold Chain Monitoring market during the forecast period.
The regional analysis of global Cold Chain Monitoring market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the rising demand for high-quality food products and growing initiatives of the governments in emerging economies to bring maximum people under the modern healthcare umbrella. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Berlinger & Co. AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Pharmaceuticals & Healthcare
Food & Beverages
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
Impact of COVID-19 on the Global Market
The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The detailed research report is focused upon all direct and indirect impact of COVID-19 with new product launches, pipeline analysis, supply chain overview, government regulations, strategies adopted by related market players and upcoming vaccines and drug status. Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.(*If you have any special requirements, please let us know and we will offer you the report as you want.)
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Furthermore, the years considered for the study are as follows:
Historical year – 2014-2019 | Base year – 2019 | Forecast period** – 2020 to 2025 [** unless otherwise stated]
The Global Cold Chain Monitoring Market report provides the meticulously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key Points Covered in Cold Chain Monitoring Market Report: Study Explore COVID 19 Outbreak Impact Analysis
Table of Contents
List of Figures
List of Tables
Segmentation By Geography
Cold Chain Monitoring Market Characteristics
Supply Chain And Key Participants
Cold Chain Monitoring Market Size And Growth
Historic Market Growth, Value ($ Billion)
Drivers Of The Market
Restraints On The Market
Forecast Market Growth, Value ($ Billion)
Cold Chain Monitoring Global Market PESTEL Analysis by Political, Economic, Social, Technological, Environmental, Legal
Cold Chain Monitoring Customer Information
Brand Experience And Customer Support Influence Purchasing Decision
Cold Chain Monitoring Market, Regional And Country Analysis
Global Cold Chain Monitoring Market, , By Region, Value ($ Billion)
Global Cold Chain Monitoring Manufacturing Market, Historic And Forecast, Segmentation
Cold Chain Monitoring Market Overview
Global Cold Chain Monitoring Market Top Opportunities By Segment
Global Cold Chain Monitoring Market Top Opportunities By Country
Global Cold Chain Monitoring Market Strategies
Strategies based on market trends
Strategies Adopted By Leading Competitors
Copyright and Disclaimer
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