According to Stratistics MRC, the Global Cold Chain Monitoring Market is accounted for $4.01 billion in 2019 and is expected to reach $11.94 billion by 2027 growing at a CAGR of 14.6% during the forecast period. Some of the key factors propelling the market growth include increasing global demand for temperature-sensitive drugs, surging demand for better food quality, intensifying need to reduce food wastage, and surging demand for generic drugs owing to higher accessibility. However, high cost of implementation is likely to hamper the market.
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On the basis of geography, APAC is expected to be the significant-growing cold chain monitoring market during the forecast period, due to rising demand for high-quality food products and government initiatives in the emerging economies to bring maximum people under the modern healthcare umbrella. Additionally, increasing government investments towards logistics infrastructure development and penetration of warehouse management systems are other major factors supporting the growth of the market in APAC.
Some of the key players in Cold Chain Monitoring Market include Тесh Маhіndrа Lіmіtеd, LogTag Recorders Ltd, Emerson, Savi Technology, Zest Labs, Elpro-Buchs, Sensitech, Inc., ORBCOMM, ВТ9 Ltd, Monnit Corporation, Berlinger & Co AG, ZeDA Instruments, Controlant, Daikin Industries, NXP Semiconductors NV, Haier Biomedical, Dickson, and NEC Corporation.
Temperature Types Covered:
• Frozen
• Chilled
Offerings Covered:
• Software
• Hardware
• Services
Logistics Covered:
• Transportation
• Storage
Applications Covered:
• Chemicals
• Food & Beverages
• Pharmaceuticals & Healthcare
• Other Applications
Technologies Covered:
• Eutectic
• Air blown
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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