Cold Chain Monitoring Market by Offering (Hardware, Software and Services), Temperature Type (Frozen and Chilled), Logistics (Storage and Transportation), Application (Healthcare & Pharmaceuticals, Food & Beverages, Chemical, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026521 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

Cold chain monitoring market is expected to cross US$ 5.4 billion mark in 2022 and is projected to hit US$ 16.1 billion by 2030, recording a CAGR of 14.5% during the forecast period.

The cold chain monitoring market has been significantly growing with the increasing demand for temperature-sensitive drugs

Changes in lifestyle resulting people getting prone to diseases. Diseases such as diabetes, glaucoma, and asthma are now common. The medicines used in such diseases require a particular temperature to be kept effective. For instance, in diabetes, the insulin must be kept at a temperature below 86o F. Similarly, for glaucoma eye drops, the temperature must be kept between 36o F to 46o F. Thus, the growing diseases will increase the demand for such temperature-sensitive medicines that will subsequently drive the cold chain monitoring market growth.

Within the report, the cold chain monitoring market is segmented into offering, temperature type, logistics, application, and geography. By offering, the cold chain monitoring market is segmented into hardware, software, and services. On the basis of temperature type, the market is bifurcated into frozen and chilled. Based on logistics, the market is bifurcated into storage and transportation. Based on application, the market is segmented into healthcare & pharmaceuticals, food & beverages, chemical, and others. Geographically, the cold chain monitoring market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Cold chain monitoring is today’s need to keep temperature-sensitive products safe

Cold chain monitoring is used to monitor temperature-sensitive products such as medicines, food & beverages, and chemicals required to be transported in the cold chain. To continually monitor those products, cold chain monitoring uses the internet of things (IoT).

Cold chain monitoring demand is never-ending in certain industries, and this is one of the major factors accelerating the cold chain monitoring market growth.

The end-user industries in the cold chain monitoring market are healthcare & pharmaceuticals, food & beverages, chemical, and others. Within these industries, food & beverages is one industry where the demand for cold chain monitoring is rapidly growing. Foods & beverages such as frozen goods, meat, and dairy products must be kept in a cold chain to ensure compliance with the health standards and food safety concerns and to prevent products from infection, contamination, and bacterial growth. Moreover, chemicals such as atorvastatin, clopidogrel, and fluticasone need to be kept at a controlled temperature to maintain their effectiveness. Thus, the continuous demand for cold chains in the industries mentioned above is driving the cold chain monitoring market growth.

Recent strategic developments in cold chain monitoring market

The cold chain monitoring market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, ORBCOMM Inc. announced to provide temperature monitoring, management, and compliance for CoolKit’s refrigerated vehicles. Coolkit is UK’s one of the largest manufacturers of temperature-controlled vans for healthcare & pharmaceutical, food & beverages, and agriculture industries.
  • In May 2022, TagBox announced to provide its AssetLens, a cold chain monitoring solution, to an internet restaurant company, Rebel Foods, for door-open, power consumption, and real-time temperature monitoring.

The cold chain monitoring market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ORBCOMM Inc, Aeris, Ambetronics Engineers Pvt. Ltd., Berlinger and Co. AG, Hanwell Solutions Ltd., hIOTron, Kii Corporation, Monnit, Roambee Corporation, and Sensitech are among the prominent players operating in the cold chain monitoring market.

Target audience for the cold chain monitoring market report:

  • Temperature-controlled van companies
  • Software providers
  • Cold chain monitoring providers
  • Government organizations and agencies
  • Cold-chain monitoring distributors and sales firms
  • End users of cold chain monitoring

Scope of the report:

In this report, the cold chain monitoring market has been segmented on the basis of:

  • Offering
    • Hardware
    • Software
    • Services

 

  • Temperature Type
  • Frozen
  • Chilled
  • Logistics
    • Storage
    • Transportation
  • Application
  • Healthcare & Pharmaceuticals
  • Food & Beverages
  • Chemical
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa

 

  • Companies profiled
    • ORBCOMM
    • Ambetronics Engineers Pvt. Ltd.
    • Berlinger and Co. AG
    • Kii Corporation
    • Sensitech

Companies profiled
- ORBCOMM
- Ambetronics Engineers Pvt. Ltd.
- Berlinger and Co. AG
- Kii Corporation
- Sensitech

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