Cold Chain Monitoring

Cold Chain Monitoring

Global Cold Chain Monitoring Market to Reach US$21.7 Billion by 2030

The global market for Cold Chain Monitoring estimated at US$8.1 Billion in the year 2023, is expected to reach US$21.7 Billion by 2030, growing at a CAGR of 15.1% over the analysis period 2023-2030. Food & Beverage Application, one of the segments analyzed in the report, is expected to record a 12.6% CAGR and reach US$11.2 Billion by the end of the analysis period. Growth in the Pharma & Healthcare Application segment is estimated at 21.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 18.2% CAGR

The Cold Chain Monitoring market in the U.S. is estimated at US$2.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 18.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.4% and 14.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

Global Cold Chain Monitoring Market - Key Trends & Drivers Summarized

Cold chain monitoring is a critical process in the management of temperature-sensitive products, ensuring that they remain within prescribed temperature ranges throughout storage and transportation. This monitoring is essential for industries such as pharmaceuticals, food and beverages, and biotechnology, where even minor deviations in temperature can compromise product integrity, safety, and efficacy. Cold chain monitoring systems utilize a combination of sensors, data loggers, and communication technologies to continuously track and record temperatures. These systems provide real-time data and alerts, enabling immediate corrective actions if any temperature excursions occur. By maintaining the integrity of the cold chain, companies can ensure compliance with regulatory standards and protect their products from spoilage or degradation.

Technological advancements have significantly enhanced the capabilities and reliability of cold chain monitoring systems. Modern systems integrate Internet of Things (IoT) devices and wireless communication technologies, such as Bluetooth, RFID, and cellular networks, to provide seamless and comprehensive monitoring. These technologies enable the collection and transmission of real-time temperature data to centralized platforms where it can be analyzed and managed. Advanced analytics and artificial intelligence (AI) are increasingly being used to predict potential failures and optimize routes to maintain temperature stability. Cloud-based solutions offer scalable and accessible platforms for data storage and analysis, facilitating better visibility and control over the entire cold chain process. Additionally, the development of low-power and energy-efficient sensors has extended the battery life of monitoring devices, making them more practical for long-duration shipments.

The growth in the cold chain monitoring market is driven by several factors. The increasing demand for perishable goods, including fresh and frozen foods, vaccines, and biologics, is a significant driver, as these products require stringent temperature control to ensure safety and efficacy. Stringent regulatory requirements and standards imposed by authorities like the FDA and WHO are compelling companies to adopt robust cold chain monitoring solutions to ensure compliance. The expansion of the pharmaceutical and biotechnology sectors, particularly with the rise of personalized medicine and biologics, is also fueling market growth. Technological advancements in IoT, AI, and cloud computing are making cold chain monitoring systems more efficient, cost-effective, and accessible, encouraging broader adoption. Additionally, the growing awareness of food safety and the increasing prevalence of foodborne illnesses are prompting the food industry to invest in reliable cold chain solutions. These factors, combined with continuous innovation and the globalization of supply chains, are expected to drive sustained growth in the cold chain monitoring market in the coming years.

Select Competitors (Total 55 Featured) -

• Emerson Electric Company
• Daikin Industries Ltd.
• Aeris Communications, Inc.
• Ambetronics Engineers Pvt. Ltd.
• Americold
• Haier Biomedical
• Kii Corporation
• Klinge Corporation
• Agro Merchants Group
• Burris Logistics
• Elpro-Buchs AG
• Interstate Cold Storage, Inc.
• Hanwell Solutions Ltd.
• JRI Company
• Industrial Technology Research Institute (ITRI)

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.