DUBLIN, Dec 19, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Cold Chain Monitoring Market - Global Forecast to 2022" report to their offering.
According to forecasts, the cold chain monitoring market is expected to grow from USD 3.11 Billion in 2015 to USD 6.23 Billion by 2022, at a CAGR of 9.84% between 2016 and 2022.
Cold chain monitoring solutions are used in various applications such as pharmaceuticals and healthcare, food and beverages, and chemicals. The regulatory environment in the pharmaceutical industry to maintain quality of the pharmaceutical products facilitates the adoption of cold chain monitoring solutions. The efficient management of cold storages for pharmaceutical and food chain applications also depends on the hardware and software components used for monitoring purposes.
The market for the transportation sector is expected to grow at the highest rate during the forecast period. The transportation sector is exposed to external influences, which are detrimental to the cold chain. This necessitates the use of enhanced monitoring solutions to effectively control the losses due to enviromental changes and mismanagement. The growing cold chain also results in the rising transportational support required in the distribution activities of the cold chain.
The Americas is expected to hold the largest share of the cold chain monitroing market between 2016 and 2022. The pharmaceutical regulatory environment in North America, growing food-based cold chains in South America, and considerable number of cold chain monitoring solution providers in the U.S. are some of the factors driving the market growth in the Americas. The cold chain monitoring market in APAC is expected to grow at the highest rate during the forecast period.
The cost of the installation of equipment in an expansive cold chain would pose as a major restraining factor for the market growth. The prospects of warehouse automation are expected to be the key opportunities for the storage segment of the cold chain monitoring market.
- Berlinger & Co. AG
- Controlant EHF
- Elpro-Buchs AG
- Infratab Inc
- Monnit Corporation
- Savi Technology
- Securerf Corporation
- Sensitech Inc
- Temperature Monitor Solutions Africa
- Zest Labs, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Cold Chain Monitoring Market, by Component
8 Cold Chain Monitoring Market, by End-Use Application
9 Cold Chain Monitoring Market, by Logistics
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/f87d34/cold_chain
Laura Wood | +353-1-481-1716 | firstname.lastname@example.org
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SOURCE Research and Markets