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Cold Chain Monitoring Market Report 2024: Growth, Trends, Analysis, Demand, Forecast 2033
Cold Chain Monitoring Market Report
As per the report, the cold chain monitoring market size has grown rapidly in recent years. It will grow from $5.52 billion in 2023 to $6.44 billion in 2024 at a compound annual growth rate (CAGR) of 16.7%. The cold chain monitoring market size is expected to see rapid growth in the next few years. It will grow to $11.82 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%.
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Growing Demand For Pharmaceutical Products Propelling The Cold Chain Monitoring Market
The growing demand for pharmaceutical products is expected to propel the growth of the cold chain monitoring market going forward. Pharmaceutical products refer to substances used for the diagnosis, treatment, prevention, or cure of diseases and medical conditions in humans and animals. Cold chain monitoring keeps inside environment colder and unaffected by outside temperature, which helps in the transportation of pharmaceutical products safely. For instance, according to an annual report published by the Government of India, Ministry of Chemicals & Fertilizers, Department of Pharmaceuticals, India's drug and pharmaceutical exports increased to $24.62 billion in 2021-22. Therefore, the increase in demand for pharmaceutical products will drive the cold chain monitoring market.
Disrupt-X Redefines Cold Chain Monitoring With Smart Cold Storage Solution For Precise Temperature And Humidity Control
Technological advancement is a key trend gaining popularity in the cold chain monitoring market. Major companies operating in the market are introducing advanced technologies to strengthen their market position. For instance, in 2022, Disrupt-X, a UAE-based IoT development company offering full-stack IoT platform solutions, launched an IoT-based cold storage monitoring solution for detecting temperature and humidity levels in cold storage facilities. The Cold Storage Monitoring Solution from Disrupt-X allows users to detect temperature and humidity fluctuations from the comfort of their office or the convenience of their smartphone. It employs Sigfox / Lora WAN-based devices to send accurate humidity and temperature data levels to the cloud platform and mobile app regularly.
The cold chain monitoring market covered in this report is segmented -
1) By Temperature Type: Frozen, Chilled
2) By Components: Hardware, Software
3) By Logistics: Storage, Transportation
4) By Applications: Beverages and Foods, Chemicals, Pharmaceuticals, Other Applications
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Major companies operating in the cold chain monitoring market report are Elpro-Buchs AG, Sensitech Inc., Monnit Corporation, Berlinger & Co. AG, Klinge Corporation, Savi Technology, Zest Labs Inc., Daikin Industries, Lineage Logistics Holdings LLC, Ambetronics Engineers Pvt. Ltd., GND Solutions India Pvt. Ltd., Accent Systems S.L., Trailermatics, Tenova S.p.A, MosChip Technologies Limited, ORBCOMM Inc., Geotab Inc., Controlant, Infratab, Americold Logistics LLC, Hanwell Solutions Limited, Securerf Corporation, Temperature Monitoring Solutions Africa, Honeywell International Inc., Emerson Electric Co., Schneider Electric SE, Rockwell Automation Inc., Mitsubishi Electric Corp., General Electric Co., Huawei Technologies Co. Ltd.
Contents of the report:
1. Executive Summary
2. Cold Chain Monitoring Market Report Structure
3. Cold Chain Monitoring Market Trends And Strategies
4. Cold Chain Monitoring Market - Macro Economic Scenario
5. Cold Chain Monitoring Market Size And Growth
…..
27. Cold Chain Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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