Global Cold Chain Monitoring Market To Reach $ 10.9 Billion By 2026

0


FACTS AT A GLANCE
Editing: 9; Posted: April 2021
Management commitments: 381
Companies: 55 – Actors covered include Astrona Biotechnologies; Berlinger & Co AG; Controller; Daikin Industries Ltd .; Elpro-Buchs SA; Security costs; Infratab, Inc .; Interstate warehousing; Klinge Company; Lineage Logistics Holdings LLC; Company Monnit; Nimble Wireless Inc .; Orbcomm, Inc .; Safetraces, Inc .; Savi Technology, Inc .; Securerf Corporation; Sensitech Inc .; TagBox solutions; Temperature monitoring solutions in Africa; Verigo; Zest Labs, Inc and others.
Blanket: All major geographies and key segments
Segments: Component (Hardware, Software); Application (Food & Beverages, Pharma & Health, Chemicals, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.

Free Project Preview – This is an ongoing global program. Preview our research program before making a purchase decision. We offer free access to qualified executives in charge of strategy, business development, sales and marketing and product management roles in selected companies. Insights provide privileged access to business trends; competing brands; profiles of experts in the field; and market data models and more. You can also create your own bespoke report using our MarketGlass Platform that offers thousands of bytes of data with no obligation to purchase our report. Registry overview

ABSTRACT-

Global Cold Chain Monitoring Market To Reach $ 10.9 billion by 2026
Cold chain monitoring uses advanced thermal and refrigerated packaging techniques to continuously monitor the temperature of pharmaceuticals and perishable food products. New technology allows manufacturers to preserve the physical and biochemical characteristics of frozen and chilled foods. Growing demand for refrigeration in the healthcare, food and beverage, pharmaceutical and chemical industries is fueling the growth of the global cold chain monitoring market. The increased consumption of foods rich in protein and carbohydrates is fueling the growth of the refrigerated storage market in developing economies. Growing customer awareness of maintaining a healthy lifestyle is pushing food manufacturers to design high-end cold chains and refrigerated warehouses. The advent of new RFID, networking, telematics and remote temperature sensing devices allow cold chain operators to continuously monitor refrigeration temperatures. Driven by the new growth opportunities created by the COVID-19 crisis within the cold chain industry, the relevance of various verticals of the cold chain network, including refrigerated transport and storage , amplified instantly.

In the midst of the COVID-19 crisis, the global cold chain monitoring market is estimated to be 4.3 billion US dollars in 2020, is expected to reach a revised size of US $ 10.9 billion by 2026, with a CAGR of 15.8% over the analysis period. Hardware, one of the segments analyzed in the report, is expected to grow at a CAGR of 14% to reach 8.2 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the software segment is readjusted to a revised CAGR of 20.7% for the next 7-year period. This segment currently represents a 24.2% share of the global cold chain monitoring market. Cold chain monitoring includes the use of software and hardware, which includes adapters, communication devices, application platforms, telematics unit, sensors, and RF devices and readers, among others .

The US market is estimated at $ 1.6 billion in 2021, when China is expected to reach $ 1.59 billion by 2026
The cold chain monitoring market in the United States is estimated at US $ 1.6 billion in 2021. The country currently represents a 30.83% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 1.59 billion during the year 2026, with a CAGR of 19.4% during the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 13.1% and 15.6% respectively during the analysis period. In Europe, Germany is expected to grow by around 14.4% CAGR while the rest of the European market (as defined in the study) will reach US $ 1.8 billion at the end of the analysis period. The United States dominates the global market due to its advanced transportation and distribution network, which makes it easy for companies to design cold chain facilities. The introduction of bilateral free trade agreements, including the North American Free Trade Agreement (NAFTA) and the European Union Free Trade Agreement (FTA), allows American and European businesses to ” export large quantities of perishable products. In order to exploit the available opportunity, various companies are now designing high-end and well-connected cold storage facilities. Driven by a booming manufacturing sector and positive economic scenario, the cold storage systems market is experiencing significant growth in the Asia Pacific Region. After

Glass Market Platform
Our market Glass Platform is a free comprehensive knowledge center that is customizable to meet the intelligence needs of today’s busy business leaders! This interactive influencer-driven research platform is at the heart of our core research engagements and draws on the unique perspectives of participating leaders from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; competitive company profiles; interactive research modules; custom report generation; monitor market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow events in the field around the world; and much more. Client companies will have full insider access to the project’s data stacks. Currently used by over 67,000 subject matter experts around the world.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our new mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
E-mail: [email protected]

CONNECTIONS
Join our panel of experts
https://www.strategyr.com/Panelist.asp

Connect with us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow us on twitter
https://twitter.com/marketbytes

Journalists and media
[email protected]

SOURCE Global Industry Analysts, Inc.

Related links

http://www.strategyr.com





Source link

Leave A Reply

Your email address will not be published.