Global Cold Chain Monitoring Components Market, By Offering (Hardware and Software), Temperature Type (Chilled, Frozen), Logistics (Storage and Logistics), Application (Pharmaceutical and Healthcare, Food and Beverage, Chemicals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cold Chain Monitoring Components Market
The cold chain monitoring components market is expected to witness market growth at a rate of 15.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cold chain monitoring components market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for the technology globally is escalating the growth of the cold chain monitoring components market.
A cold chain monitoring refers to a monitoring solution that is used during supply chain management. The technology assists in tracking the location, humidity, and temperature, among others that may deteriorate the product properties. It helps in maintaining the levels of all the factors.
The increase in demand for temperature-sensitive drugs across the globe acts as one of the major factors driving the growth of cold chain monitoring components market. The rise in the governmental emphasis on issuing policies impacting supply chain efficiency of fast-growing pharmaceuticals sector in Europe, and surge in demand for better food quality and need to reduce food wastage accelerate the market growth. The rise in demand for generic drugs owing to higher accessibility and availability of cold chain logistics in developing countries further influence the market. Additionally, expansion of end use industries, urbanization and digitization, and rise in biotechnology sector positively affect the cold chain monitoring components market. Furthermore, better control of assets in warehouses using automation and cold storage technologies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the implementation is expected to obstruct the market growth. Complexities involved in installation and monitoring of cold chain monitoring solutions are projected to challenge the hard chain monitoring components market in the forecast period of 2021-2028.
This cold chain monitoring components market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cold chain monitoring components market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cold Chain Monitoring Components Market Scope and Market Size
The cold chain monitoring components market is segmented on the basis of offering, temperature type, logistics, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the cold chain monitoring components market is segmented into hardware and software. Hardware is further segmented into sensors & data loggers, RFID devices, telematics & telemetry devices and networking devices. Software is further segmented into on-premise and cloud-based.
- On the basis of temperature type, the cold chain monitoring components market is segmented into chilled and frozen.
- On the basis of logistics, the cold chain monitoring components market is segmented into storage and transportation.
- On the basis of application, the cold chain monitoring components market is segmented into pharmaceutical and healthcare, food and beverage, and chemicals.
Global Cold Chain Monitoring Components Market Country Level Analysis
The cold chain monitoring components market is analyzed, and market size, volume information is provided by country, offering, temperature type, logistics and application as referenced above.
The countries covered in the global cold chain monitoring components market report are the U.S., Canada and Mexico in North America, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the cold chain monitoring components market due to the increased expenditure towards frozen foods and huge consumption of meat products within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the developing pharmaceutical and chemicals industry and mounting urbanization in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cold Chain Monitoring Components Market Share Analysis
The cold chain monitoring components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cold chain monitoring components market.
The major players covered in the cold chain monitoring components market report are ORBCOMM, Carrier., Berlinger & Co. AG, Monnit Corporation, Controlant, ELPRO-BUCHS AG, Veridify Security Inc., Savi Technology, Zest Labs, Inc., Infratab, Enviroganics cc t/a Temperature Monitoring Solutions, LINEAGE LOGISTICS HOLDING, LLC, Klinge Corporation, DAIKIN INDUSTRIES, Ltd., Astrona Biotechnologies, Hewlett Packard Enterprise Development LP, Tagbox, FreshSurety, SafeTraces, and Tippmann Group, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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