North America Cold Chain Monitoring Market, By Offering (Hardware and Software), Temperature Type (Chilled, Frozen), Logistics (Storage and Logistics), Application (Pharmaceutical and Healthcare, Food and Beverage, Chemicals, Agriculture, Manufacturing, Others), Country (U.S., Canada, and Mexico)- Industry Trends and Forecast to 2028.
Market Analysis and Insights : North America Cold Chain Monitoring Market
The cold chain monitoring market is expected to witness market growth at a rate of 14.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cold chain monitoring 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 increase in demand for the product for various industrial applications is escalating the growth of cold chain monitoring market.
Cold chain refers to a combination of temperature-controlled surface transport and supply chain. Cold chain logistics is defined as the freezing solutions required for maintaining the quality and shelf life of products such as seafood, photographic film, pharmaceutical drugs, fresh agricultural produce, photographic film, and pharmaceutical drugs, among others. Cold chains are beneficial for avoiding over capacity, maintaining the quality of products, extending the period of marketing and reducing transport bottlenecks during peak period.
Major factors that are expected to boost the growth of the cold chain monitoring market in the forecast period is the increase in number of refrigerated warehouses across the region. Furthermore, the rise in governmental focus on issuing policies impacting supply chain efficiency of fast-growing pharmaceuticals sector, and increase in demand for temperature-sensitive drugs is further anticipated to propel the growth of the cold chain monitoring market. Moreover, the increase in demand for better food quality and need to reduce food wastage and rise in demand for generic drugs owing to higher accessibility is further estimated to cushion the growth of the cold chain monitoring market. On the other hand, high cost associated with the implementation and lack of standardization pertaining to operating procedures are projected to impede the growth of the cold chain monitoring market in the timeline period.
In addition, the need of better control of assets in warehouses using automation and cold storage technologies and availability of cold chain logistics will further provide potential opportunities for the growth of the cold chain monitoring market in the coming years. However, the complexities involved in installation and monitoring of cold chain monitoring solutions might further challenge the growth of the cold chain monitoring market in the near future.
This cold chain monitoring 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, geographical expansions, technological innovations in the market. To gain more info on cold chain monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Cold Chain Monitoring Market Scope and Market Size
The cold chain monitoring market is segmented on the basis of offering, temperature type, logistics and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of offering, the cold chain monitoring market is segmented into hardware and software.
- On the basis of temperature type, the cold chain monitoring market is segmented into chilled and frozen.
- On the basis of logistics, the cold chain monitoring market is segmented into storage and logistics.
- On the basis of application, the cold chain monitoring market is segmented into pharmaceutical and healthcare, food and beverage, chemicals, agriculture, manufacturing and others.
North America Cold Chain Monitoring Market Country Level Analysis
The cold chain monitoring market is analysed and market size insights and trends are provided by country, offering, temperature type, logistics and application as referenced above.
The countries covered in the cold chain monitoring market report are Saudi Arabia, U.S., Canada, and Mexico in North America.
U.S. dominates the cold chain monitoring market due to the higher infiltration of interconnected devices and huge customer bracket. Furthermore, Canada is projected to observe significant amount of growth in the cold chain monitoring market due to the rise in the trend of e-commerce. Moreover, enhancement in the e-commerce in the cold chain business.
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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 North America Cold Chain Monitoring Market Share Analysis
The cold chain monitoring 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, global presence, production sites and facilities, production capacities, 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 market.
The major players covered in the cold chain monitoring market report are Sensitech Inc., ORBCOMM, Berlinger & CO., Monnit Corp., Controlant, ELPRO-BUCHS AG, SecureRF Corporation, Savi Technology, Zest Labs, Infratab Inc., LINEAGE LOGISTICS HOLDINGS LLC, Klinge Corporation, DAIKIN INDUSTRIES Ltd., Nimble Wireless, Tagbox, Verigo, FreshSurety, and Safetraces, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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