Global Cold Chain Monitoring Market 2018-2023: Opportunity in Better Control of Assets in the Warehouse Using Automation and Cold Storage Technologies

DUBLIN, Aug 24, 2018 /PRNewswire/ --

The "Cold Chain Monitoring Market by Component (Hardware (Sensors and Data Loggers) and Software), Application (Pharmaceuticals & Healthcare, Food & Beverages, and Chemicals), Logistics (Storage and Transportation), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The cold chain monitoring market, in terms of value, is expected to grow from USD 3.80 billion in 2018 to USD 6.46 billion by 2023, at a CAGR of 11.17% between 2018 and 2023.

Major factors driving the growth of the cold chain monitoring market are growing governmental focus on issuing policies impacting the supply chain efficiency of fast-growing pharmaceuticals sector in Europe and North America, increasing demand for temperature-sensitive drugs, rising demand for better food quality and need to reduce food wastage, growing demand for generic drugs owing to higher accessibility.

This report covers the cold chain monitoring market based on component, application, logistics, and region. The cold chain monitoring market for the software segment is expected to grow at a higher CAGR between 2018 and 2023. The key reasons for this growth are increasing adoption of cloud-based software across different verticals and deployment of on-premises software solutions at storage facilities to enable faster evaluation of localized data for quick action. Also, the software helps in improving analytics support that provides actionable insights to transporters about delays and rerouting maneuvers to increase the efficiency in the transportation industry.

The market for the food & beverages application is expected to grow at the highest CAGR between 2018 and 2023. Food quality and durability are directly related to the effective maintenance of cold chain operations. The dependence of the food & beverages industry on cold chain monitoring solutions has been gradually increasing. The rising demand for high-quality food products has resulted in the growth of the cold chain monitoring market for the food & beverages application. The growing demand for meat and seafood owing to the dietary changes of people in various countries is driving the use of cold chain monitoring solutions in this application.

The Americas is accounting for the largest share of the cold chain monitoring market. The cold chain monitoring market in APAC is expected to grow at the highest CAGR between 2018 and 2023. The highest growth of the market in APAC can be attributed to the high demand for quality food in urban areas, extensive government vaccination drives being carried out in countries such as China and India, and major investments in the cold chain industry in India and China. All these factors are pushing the demand for cold chain monitoring solutions in APAC.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Cold Chain Monitoring Market
4.2 Cold Chain Monitoring Market, By Application and Region
4.3 Cold Chain Monitoring Market, By Component
4.4 Cold Chain Monitoring Market, By Application
4.5 Cold Chain Monitoring Market, By Logistics
4.6 Cold Chain Monitoring Market, By Geography

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Governmental Focus on Issuing Policies Impacting Supply Chain Efficiency of Fast-Growing Pharmaceuticals Sector in Europe and North America
5.2.1.2 Increasing Demand for Temperature-Sensitive Drugs
5.2.1.3 Rising Demand for Better Food Quality and Need to Reduce Food Wastage
5.2.1.4 Growing Demand for Generic Drugs Owing to Higher Accessibility
5.2.2 Restraints
5.2.2.1 High Cost of Implementation
5.2.3 Opportunities
5.2.3.1 Better Control of Assets in the Warehouse Using Automation and Cold Storage Technologies
5.2.3.2 Cold Chain Logistics in Developing Countries
5.2.4 Challenges
5.2.4.1 Complexity Involved in Installation and Monitoring of Cold Chain Monitoring Solutions

6 Industry Trends

6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Product Development
6.2.2 Component Manufacturers and System Integrators
6.2.3 Distributors
6.2.4 End Users
6.2.5 Post-Sales Services
6.3 Key Industry Trends
6.3.1 Digital Transformation in Cold Chain Monitoring
6.3.2 Advanced Analytics and Data Aggregation Technologies
6.3.3 Growth in Cold Chain Logistics Outsourcing

7 Cold Chain Monitoring Market, By Component

7.1 Introduction
7.2 Hardware
7.2.1 Sensors and Data Loggers
7.2.2 RFID Devices
7.2.3 Telematics and Telemetry Devices
7.2.4 Networking Devices
7.3 Software
7.3.1 on Premises
7.3.2 Cloud Based

8 Cold Chain Monitoring Market, By Application

8.1 Introduction
8.2 Pharmaceuticals and Healthcare
8.2.1 Vaccines
8.2.2 Biobanks
8.2.3 Medicines and Drugs
8.3 Food & Beverages
8.3.1 Fruits & Vegetables
8.3.2 Meat and Seafood
8.3.3 Poultry and Dairy Products
8.3.4 Processed Food
8.4 Chemicals

9 Cold Chaiin Monitoring Market, By Logistics

9.1 Introduction
9.2 Storage
9.2.1 Warehouses
9.2.2 Cold Containers
9.3 Transportation
9.3.1 Airways
9.3.2 Waterways
9.3.3 Roadways
9.3.4 Railways

10 Cold Chain Monitoring Market, Geographic Analysis

10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 US
10.2.1.2 Canada
10.2.1.3 Mexico
10.2.2 South America
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Netherlands
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 RoW

11 Competitive Landscape

11.1 Introduction
11.2 Ranking of Top Players in Cold Chain Monitoring Market (2017)
11.3 Competitive Situations and Trends
11.3.1 Product Launches and Product Developments
11.3.2 Partnerships, Contracts, Agreements, Collaborations, and Expansions
11.3.3 Mergers & Acquisitions

12 Company Profiles

12.1 Key Players
12.1.1 Orbcomm
12.1.2 Sensitech
12.1.3 Berlinger & Co.
12.1.4 Monnit
12.1.5 Controlant
12.1.6 Elpro-Buchs
12.1.7 Securerf Corporation
12.1.8 Savi Technology
12.1.9 Zest Labs
12.1.10 Infratab
12.2 Other Important Players
12.2.1 Temperature Monitor Solutions Africa
12.2.2 Lineage Logistics Holdings
12.2.3 Klinge Corporation
12.2.4 Daikin Industries
12.2.5 Interstate Warehousing
12.3 Startup Ecosystem
12.3.1 Nimble Wireless
12.3.2 Tagbox Solutions
12.3.3 Verigo
12.3.4 Freshsurety
12.3.5 Astrona Biotechnologies
12.3.6 Safetraces

For more information about this report visit https://www.researchandmarkets.com/research/xr8hgd/global_cold_chain?w=5

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