Press release
Prominent Cold Chain Temperature Monitoring Market Trend for 2025: Technology Solutions Driving Efficiency In Cold Chain Temperature Monitoring
Cold Chain Temperature Monitoring Market
The burgeoning expansion of e-commerce is anticipated to fuel the advancement of the cold chain temperature monitoring market in the future. E-commerce, which is primarily conducted over the internet, involves the electronic transaction of goods and services. The appeal of e-commerce comes from its convenience, technological innovation, and its rapid adoption in the midst of the COVID-19 pandemic, all of which allow businesses to cater to a worldwide market and streamline supply chain logistics. Cold chain temperature monitoring systems offer immediate transparency and management over products sensitive to temperature changes. This allows e-commerce companies to uphold quality standards, satisfy customer expectations, and show adherence to regulations. For example, the United States Census Bureau, a governmental agency based in the US, reported that total e-commerce sales in the USA for 2023 reached $1,118.7 billion, marking a 7.6% increase from 2022. As a result, the expansion of e-commerce is leading the charge in the growth of the cold chain temperature monitoring market.
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What is the future CAGR of the cold chain temperature monitoring market, and how will it impact industry expansion?
In recent times, the market size of the cold chain temperature monitoring sector has experienced speedy growth. The projections indicate a leap from $8.79 billion in 2024 to $10.33 billion in 2025, translating to a compound annual growth rate (CAGR) of 17.5%. Factors contributing to this progress during the historical period include an upswing in global trade, the escalating demand for pharmaceutical products, the paramount need for product quality maintenance, the growth in accessibility to cold chain logistics, and an emphasis on predictive maintenance.
There is anticipation for a swift and substantial expansion of the cold chain temperature monitoring market in the coming years. By 2029, the market value is projected to rise to $19.5 billion, with a compound annual growth rate (CAGR) of 17.2%. The growth expected during this forecast period can be credited to factors such as the application of cutting-edge technologies by major market players, the extension and improvement of their product range, adoption of innovative temperature monitoring solutions, a surge in demand for cold chain monitoring in developing regions, and a focus on automation and cold storage technology advancements. The upcoming trends also point towards an increased usage of sensors and data loggers, growth of software solutions designed for cold chain monitoring, emphasising security and safety in monitoring setups, a preference for on-site software solutions and an emphasis on upgrading operational efficiency.
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What new trends are reshaping the cold chain temperature monitoring market and its opportunities?
Key businesses in the cold chain temperature monitoring market are introducing advanced temperature tracking devices like CubiSens XT1 to boost real-time scrutiny and maintain the authenticity of temperature-sensitive items along the supply chain. CubiSens XT1 is a tracking device that employs a range of sensor technologies to observe and log the temperature conditions during various stages of product transportation and storage. For instance, CubiSens XT1 was launched by CubeWorks, an American technology enterprise, in September 2022. It is designed to offer a comprehensive solution for observing and enhancing agricultural processes. It incorporates diverse sensors and technologies to collect information on environmental conditions, plant health, soil hydration, among other crucial factors. Ultimately, its intention is to assist farmers in making enlightened choices, raise crop growth, use resources optimally, and boost overall efficacy and sustainability in the farming sector.
Which key market segments comprise the cold chain temperature monitoring market and drive its revenue growth?
The cold chain temperature monitoring market covered in this report is segmented -
1) By Hardware: Conventional Temperature Loggers, Real Time Monitoring Devices, Resistance Temperature Detectors, Temperature Indicators, Other Hardware
2) By Software: On Premise, Cloud Based
3) By End User: Fish, Meat And Seafood, Processed Food, Pharmaceuticals, Bakery And Confectionaries, Fruits And Vegetables, Dairy Products, Other End Users
Subsegments:
1) By Conventional Temperature Loggers: Battery-Powered Temperature Data Loggers, USB Temperature Loggers, Multi-Channel Temperature Loggers, Manual Data Retrieval Temperature Loggers
2) By Real-Time Monitoring Devices: Wireless Temperature Monitoring Systems, Cloud-Based Temperature Monitoring Devices, IoT-Enabled Real-Time Monitoring Devices, GPS-Integrated Real-Time Monitoring Devices, Mobile App-Enabled Real-Time Monitors
3) By Resistance Temperature Detectors (RTDs): Industrial-Grade RTD Sensors, High Precision RTDs for Cold Chain Applications, RTD Probes for Refrigerated Transport, RTD Sensors with Digital Output
4) By Temperature Indicators: Analog and Digital Temperature Indicators, Visual Temperature Display Devices, LCD/LED Temperature Indicators for Cold Storage, Temperature Warning and Alert Indicators
5) By Other Hardware: Thermocouples for Temperature Monitoring, Infrared Temperature Sensors, Data Acquisition Systems for Cold Chain Management, RFID Temperature Tracking Tags, Hybrid Temperature Monitoring Devices
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What regions are at the forefront of cold chain temperature monitoring market expansion?
North America was the largest region in the cold chain temperature monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold chain temperature monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the cold chain temperature monitoring market?
Major companies operating in the cold chain temperature monitoring market are Zebra Technologies Corporation, Cryoport Inc., Cold Chain Technologies, Controlant, Sensitech Inc., OMEGA Engineering inc., Luna, Elitech, MOBIQU, Thermo Electric Company Inc., DeltaTrak Inc., Berlinger & Co. AG, Insignia Technologies, Softbox, CargoSense, PakSense, Elpro-Buchs AG, CubeWorks, Infratab Inc., Kedeon, CWD Limited, ORBCOMM, Roambee Corporation, iMatrix Cloud, AeroSafe Global
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What Is Covered In The Cold Chain Temperature Monitoring Global Market Report?
• Market Size Forecast: Examine the cold chain temperature monitoring market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cold chain temperature monitoring market for a structured understanding.
• Key Players Overview: Analyze major players in the cold chain temperature monitoring market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cold chain temperature monitoring market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cold chain temperature monitoring market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cold chain temperature monitoring market.
• Industry Challenges: Identify potential risks and obstacles affecting the cold chain temperature monitoring market.
• Competitive Landscape: Review strategic developments in the cold chain temperature monitoring market, including expansions, agreements, and new product launches.
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