Press release
E-Commerce Expansion Fuels Demand For Cold Chain Temperature Monitoring Solutions: The Driving Engine Behind Cold Chain Temperature Monitoring Market Evolution in 2025
Cold Chain Temperature Monitoring Market Size
Cold Chain Temperature Monitoring Market Size Growth Forecast: What to Expect by 2025?
The market size for monitoring temperatures in the cold chain has seen a swift expansion in recent years. The market, which is forecasted to rise from $8.79 billion in 2024 to $10.33 billion in 2025, exhibits a compound annual growth rate (CAGR) of 17.5%. Factors contributing to the growth during the historical period include increased global trade, heightened demand for pharmaceutical products, emphasis on product quality maintenance, along with a rise in the availability of cold chain logistics and a focus on predictive maintenance.
How Will the Cold Chain Temperature Monitoring Market Size Evolve and Grow by 2029?
The market size for cold chain temperature monitoring is anticipated to experience swift expansion in the coming years, reaching $19.5 billion in 2029 with a compound annual growth rate (CAGR) of 17.2%. The growth predicted for this period can be ascribed to the incorporation of nascent technologies by industry leaders, broadening and improving product ranges, the acceptance of inventive temperature monitoring solutions, a growing need for cold chain tracing in developing nations, and a concentration on automation and cold storage tech. Key trends for the prediction period encompass an increased deployment of sensors and data loggers, the enlargement of software solutions for monitoring the cold chain, prioritizing security and safety in monitoring systems, a preference for on-site software solutions, and commitment to enhancing operational efficiency.
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What Drivers Are Propelling the Growth of Cold Chain Temperature Monitoring Market Forward?
The rise in e-commerce is anticipated to drive the cold chain temperature monitoring market's expansion. E-commerce, which involves online buying and selling of products and services, proliferates due to its ease of use, advancements in technology, and increased uptake during the COVID-19 crisis. It allows businesses access to a global market, transforming supply chain logistics in the process. Cold chain temperature monitoring systems offer real-time tracking and control over temperature-sensitive products, assisting e-commerce companies in sustaining product quality, fulfilling customer expectations, and showing adherence to regulations. To illustrate, the United States Census Bureau, a government agency in the US, reported total e-commerce sales in the country in 2023 were $1,118.7 billion, marking a 7.6% rise from 2022. Consequently, e-commerce growth is fueling the expansion of the cold chain temperature monitoring market.
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Which Emerging Trends Are Transforming the Cold Chain Temperature Monitoring Market in 2025?
Prominent enterprises in the cold chain temperature monitoring market are coming up with novel temperature tracking devices, like CubiSens XT1, to boost real-time surveillance and guarantee the preservation of temperature dependent products during their transit in the supply chain. CubiSens XT1 is an invention that employs an array of sensor technologies to determine and log temperature conditions at various stages of product transportation and storage. For example, in September 2022, CubeWorks, a technology firm based in the US, introduced CubiSens XT1. The objective of CubiSens XT1 is to offer an all-inclusive solution for overseeing and enhancing agricultural procedures. It amalgamates several sensors and technologies to collect information on environmental conditions, the well-being of crops, the level of soil moisture, along with other pertinent details. The primary aim is to assist farmers in making knowledgeable decisions, amplify crop production, make optimal use of resources, and elevate overall effectiveness and sustainability in agriculture.
What Are the Key Segments in the Cold Chain Temperature Monitoring Market?
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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Who Are the Key Players Shaping the Cold Chain Temperature Monitoring Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Cold Chain Temperature Monitoring Market?
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.
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