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$9.4 Billion in the year 2024, is expected to reach US$21.7 Billion by 2030, growing at a CAGR of 15.0% over the analysis period 2024-2030. Food & Beverage, one of the segments analyzed in the report, is expected to record a 12.5% CAGR and reach US$11.2 Billion by the end of the analysis period. Growth in the Pharma & Healthcare segment is estimated at 21.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 18.0% CAGR

The Cold Chain Monitoring market in the U.S. is estimated at US$2.6 Billion in the year 2024. 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 18.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.3% and 14.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.3% 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.

SCOPE OF STUDY:

The report analyzes the Cold Chain Monitoring market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Hardware, Software); Application (Food & Beverage, Pharma & Healthcare, Chemicals, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

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)

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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