Cold Chain Monitoring Market Size
Market Outlook:
Base Year Value (2023)
USD 5.73 Billion
CAGR (2024-2032)
12.6%
Forecast Year Value (2032)
USD 16.67 Billion
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:The increasing demand for temperature-sensitive products across various industries such as pharmaceuticals, food & beverage, and healthcare is a major growth driver for the cold chain monitoring market. Strict regulations and guidelines for the transportation and storage of perishable goods further enhance the need for efficient cold chain monitoring solutions. Additionally, the rise in the adoption of IoT and automation technologies in the logistics industry is fueling the demand for advanced cold chain monitoring systems.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Component, Temperature Type, Logistics, End User |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Berlinger & Co. AG, Cold Chain Technologies,, Controlant, Descartes Systems Group, Digi International, Elpro-Buchs AG, Emerson Electric Co., Honeywell International, Infratab, Monnit, ORBCOMM, Roambee, Sensitech (A Carrier Company), Swisslog Holding AG (Acquired by KUKA AG), Testo SE & Co. KGaA , |
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The high cost associated with implementing cold chain monitoring solutions acts as a major restraint for market growth. Many small and medium-sized enterprises may find it challenging to afford these expensive systems, limiting their adoption rate. Moreover, one more significant restraint is the lack of standardized regulations and protocols for cold chain monitoring practices, leading to inconsistencies in monitoring and compliance across different regions and industries.
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