In the market, technological advancements have revolutionized temperature-sensitive logistics, ensuring product integrity from production to consumption. These advancements, such as IoT-enabled sensors and blockchain integration, offer real-time tracking and data analysis, enhancing transparency and efficiency. Businesses benefit from reduced spoilage, minimized losses, and improved regulatory compliance. In addition, consumers enjoy safer, fresher products. Overall, the integration of advanced technologies in cold chain monitoring optimizes supply chain operations, fosters trust among stakeholders, and drives sustainable growth in the market.
Data Bridge Market Research analyses that the Global Cold Chain Monitoring Market size is projected to reach USD 11.92 billion by 2028, with a CAGR of 12.64% in the forecast period of 2021 to 2028.
Below are the Top Five Cold Chain Monitoring Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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DAIKIN INDUSTRIES, Ltd.
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Daikin Industries is a global leader in air conditioning and refrigeration solutions. In the cold chain monitoring market, they offer innovative technologies for temperature-controlled transportation and storage. Their solutions ensure precise temperature management, maintaining product integrity throughout the supply chain. Daikin's expertise in refrigeration systems and IoT integration enables real-time monitoring and data analysis, enhancing efficiency and compliance with regulatory standards.
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Americas, Japan, China, Europe, Asia, Oceania, Middle East and Africa
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In November 2018, Daikin acquired the AHT, which is an Austrian refrigerating and freezing showcases manufacturer, for expansion into the commercial refrigeration market.
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2.
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LINEAGE LOGISTICS HOLDING, LLC
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Lineage Logistics is the world's largest temperature-controlled warehousing and logistics company. They provide comprehensive cold chain solutions, including storage, transportation, and distribution services. With a vast network of facilities and advanced technology systems, Lineage ensures the safe and efficient movement of perishable goods. Their expertise in cold storage management and strategic partnerships make them a trusted partner for companies in the food and beverage industry.
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U.S., Belgium , Netherlands, and U.K.
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In June 2018, the company acquired a Wisconsin-based cold storage service provider and a portfolio of four leased cold storage warehouses across the Southeast. This acquisition will help strengthen the position of the company in the southeast.
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3.
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ORBCOMM
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ORBCOMM is a leading provider of IoT solutions for remote monitoring and asset tracking. In the cold chain monitoring market, they offer satellite and cellular communication systems to track temperature-sensitive cargo in real-time. ORBCOMM's telematics devices and software platforms enable businesses to monitor temperature, humidity, and other environmental conditions throughout the supply chain. Their end-to-end visibility solutions help optimize operations, reduce costs, and ensure compliance with industry regulations.
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Argentina, Japan, Australia, Korea, Brazil, Canada, Colombia, Mexico, HongKong, Peru, Indonesia, South Africa, Ireland, U.A.E
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In August 2017, the company launched next next-generation cold chain monitoring solution named ORBCOMM’s PT 6000. This solution includes sensors, connectivity, and a CargoWatch application. This system offers complete visibility and control over the cold chain, which helps ensure the temperature of cargo during the supply chain. This will, in turn, propel the growth of the cold chain monitoring solutions market.
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4.
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ELPRO-BUCHS AG
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Elpro-Buchs AG specializes in wireless monitoring solutions for the pharmaceutical and healthcare industries. In the cold chain monitoring market, they offer data loggers, sensors, and software platforms to monitor temperature-sensitive products during storage and transportation. Elpro's products are designed to meet the strict regulatory requirements of the pharmaceutical industry, ensuring product quality and patient safety. With advanced monitoring capabilities and cloud-based data management, Elpro helps companies maintain the integrity of their cold chain processes.
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Switzerland, Germany, U.S., U.K., Denmark, Netherlands, Singapore, Japan
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In October 2018, the company received the award for best global temperature control. The company received the award for its creative thinking, which tends to introduce new technology for supply chain operations. This new device has a service life of more than 4 years.
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5.
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Monnit Corporation
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Monnit Corporation is a leading provider of wireless sensor solutions for remote monitoring across various industries. In the cold chain monitoring market, they offer temperature and humidity sensors, along with cloud-based monitoring software, to track environmental conditions in real time. Monnit's scalable and cost-effective solutions enable businesses to monitor cold storage facilities, refrigerated trucks, and other assets critical to the cold chain. With easy installation and customizable alerting features, Monnit helps companies maintain optimal conditions for their perishable goods, minimizing spoilage and ensuring product quality.
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U.S.
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In December 2016, Lineage Logistics partnered with Monnit Corp., employing IoT temperature and vibration sensors to safeguard billions of pounds of stored food and reduce energy expenses. These sensors monitor warehouse temperatures and refrigeration systems, ensuring precise temperature control. Variations in temperature, caused by factors such as door openings and thermal load, are detected, allowing Lineage to maintain optimal conditions throughout their facilities.
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Conclusion
In conclusion, the market is poised for significant growth, driven by escalating demand for the transportation of perishable goods and stringent regulatory requirements. With advancing technology, opportunities abound for innovative solutions ensuring product integrity and safety throughout the supply chain. Leveraging real-time monitoring, IoT integration, and data analytics, businesses can optimize operations and enhance customer satisfaction, thus fostering a resilient and efficient cold chain ecosystem poised for sustainable expansion.
