Global Cold Chain Monitoring Components Market Share
Global Cold Chain Monitoring Components Market Share

Cold Chain Monitoring Components Market Competitive Strategies and Worldwide Demand with Top players- ORBCOMM, Berlinger USA, LLC, Monnit Corporation, Controlant, ELPRO-BUCHS AG, SecureRF Corporation

Global Cold Chain Monitoring Components Market is expected to rise from its initial estimated value by registering a healthy CAGR of 12.7% during the forecast period of 2019-2026. This rise in market value can be attributed to the rising need for high nutritional content food products. Few of the major competitors currently working in global cold chain monitoring components market are Sensitech Inc., ORBCOMM, Berlinger USA, LLC, Monnit Corporation, Controlant, ELPRO-BUCHS AG, SecureRF Corporation, Savi Technology, Zest Labs, Infratab Inc., LINEAGE LOGISTICS HOLDINGS LLC, Klinge Corporation, DAIKIN INDUSTRIES Ltd., Nimble Wireless Inc., Tagbox, FreshSurety Corporation, SAFETRACES, Inc, AgroFresh, Americold Logistics LLC and Digi International Inc among others

Global Cold Chain Monitoring Components Market By Component (Hardware and Software), Application (Pharmaceuticals & Healthcare, Food & Beverages, Chemicals), Logistics (Storage and Transportation), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

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Competitive Analysis:

Global cold chain monitoring components market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cold chain monitoring components market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: 

Cold chain monitoring components are used in the food industries to manage and monitor the logistics / supply chain operations of perishable products, eatables and food items to ensure their freshness quality. It is majorly used in the cold storage systems as well as in the transportation medium such as railways, roadways, waterways and airways. It helps to improve the supply chain efficiency as well as productivity of the business.

Market Drivers:

  • Increased demand for fresh and quality products is spurring the market growth
  • Growing demand from the pharmaceutical industry to storing the drugs is driving the growth of the market
  • Strict government policies for the shipment and storage of pharmaceutical products and processed food items are acting as a driver  to the market growth
  • Worldwide rising demand for the generic medicine which requires advanced solutions for monitoring is propelling the growth of the market

Market Restraints:

  • Requirement of high initial cost for installations is restraining the growth of the market
  • Dearth of standardizations in the systems may hamper the market growth
  • Complex installation and lack of skilled resources will restrain the market growth in the forecast period

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Segmentation: Global Cold Chain Monitoring Components Market

By Component

  • Hardware
    • Sensors and Data Loggers
    • RFID Devices
    • Telematics and Telemetry Devices
    • Networking Devices
  • Software
    • On Premises
    • Cloud Based

By Application

  • Pharmaceuticals and Healthcare
    • Vaccines
    • Biobanks
    • Medicines and Drugs
  • Food & Beverages
    • Fruits & Vegetables
    • Meat and Seafood
    • Poultry and Dairy Products
    • Processed Food
  • Chemicals

By Logistics

  • Storage
    • Warehouses
    • Cold Containers
  • Transportation
    • Airways
    • Waterways
    • Roadways
    • Railways

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Key Developments in the Market:

  • In January 2019, Aeris and Roambee formed partnership to develop new solution for monitoring the cold chain system. The companies will introduce new services as well as implement the new models to enhance the company’s revenue. The solution will help the customers to reduce their inventory loss and improve supply chain operations
  • In November 2018, Cooltrax internet of things (IoT) based solution provider introduced new product for cold chain system. The new IoT based product will offer the customer more visibility as well as superiority over the temperature-controlled freight. The product is designed to target the market needs such as real-time reporting for higher compliance and integrity for the customers

Key Insights in the report:

  • Competitive analysis of key competitors involved in the market
  • Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  • Market Drivers and Restraints analysis along with the analysis of the market structure

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About Data Bridge Market Research 8440 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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