Smart Reefer Container Market is expected to reach US$ 1,665.35 Mn by 2027

Latest market study on "Smart Reefer Container by Offering (Hardware, Software, Services); Technology (GPS, Cellular, Long Range Wide Area Network, Bluetooth Low Energy (BLE), Others); Reefer (10GP, 20GP, 40GP, 40HQ, 45HQ); Industry Vertical (Food and Beverages, Pharmaceutical, Oil and Gas, Chemicals, Military and Defense, Others);- Global Analysis and Forecast", the smart reefer conatiner market is estimated to reach US$ 1,665.35 Mn by 2027 from US$ 823.81 Mn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments. Digitalization of Shipping Coupled with Supportive Initiatives from Stakeholders is expected to Propel the Installation of Smart Reefer Containers

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Top Key Players of Smart Reefer Container Market:
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

The US Food and Agriculture Organization (FAO) has anticipated the requirement of food production to grow by ~70 % by 2050, owing to the continuous increase in the global population. With the projected global population of 9.2 Bn by 2050, the need for essential food transport facilities will also increase. For instance, the rising population in regions such as Africa, Eastern Europe, and Latin America; the demand for fresh vegetables, fruits, and other perishable commodities has also increased. These regions offer a potential opportunity to the market for smart reefer container businesses. With the growing spending capacity of the people in these regions, the demand for better quality food has also increased.
Moreover, in the US and Europe, consumer demand for healthy food products is increasing. Additionally, the shipping companies are witnessing a trend of movement towards containerized shipments of food than conventional break-bulk. For instance, it is noticed that the trade for bananas has now shifted towards containers, which was previously preferred in break-bulk. Thus, the growth in demand for better quality food products is expected to influence the smart reefer deployment.

Top Region/Country of Smart Reefer Container Market:
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SA)

Smart Reefer Container Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Smart Reefer Container Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Smart Reefer Container Market revenue by understanding the strategic growth approaches.

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The report segments the global smart reefer container market as follows:
Global Smart Reefer Container Market - By Offerings
Hardware
Software
Service

Global Smart Reefer Container Market - By Technology
GPS
Cellular
Long Range Wide Area Network
Bluetooth Low Energy (BLE)
Others

Global Smart Reefer Container Market - By Reefer
10GP
20GP
40GP
40HQ
45HQ

Global Smart Reefer Container Market - By End-User Industry
Food & Beverage
Pharmaceutical
Oil & Gas
Chemicals
Military & Defense
Others

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This release was published on openPR.