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The cold chain monitoring industry is expected to grow in response to rising pharmaceutical demand, particularly in emerging markets. Some medical goods are extremely temperature sensitive, necessitating the use of sophisticated temperature monitoring technology to keep them at the appropriate temperature throughout the supply chain. Temperature monitoring technology can help prevent product deterioration by keeping the temperature constant during transport.
Cold Chain Monitoring Market Report Scope and Research Methodology:
Demand projections, market trends, and micro and macro variables are all covered in depth in this research. The factors that are driving and restricting the Cold Chain Monitoring market's growth are also provided in the report. The SMR Matrix provides existing and new market participants with information on potential investment opportunities. The research uses analytical methodologies such as Porter's five forces analysis and PESTLE of the Cold Chain Monitoring market to provide market insights. In addition, the research examines current market trends as well as forecasts for the years 2022-2029. The analysis also includes key upcoming developments that are expected to influence demand over the projected period. The bottom-up approach was used to estimate to Cold Chain Monitoring market size.
Cold Chain Monitoring Market Overview:
The report provides the analysis of the Cold Chain Monitoring market in depth with a focus on market dynamics, competitive scenario, regional growth, segment-wise analysis, and important growth strategies. The market has been segmented into region. The analysis covers a wide range of industry verticals as well as a thorough examination of the Cold Chain Monitoring market size and share.
Cold Chain Monitoring Market size
was valued at US$ 4.67 Billion in 2020 and the total Cold Chain
Monitoring revenue is expected to grow at 15.7% through 2021 to 2027,
reaching nearly US$ 12.96 Billion.
Key Players:
The
market's leading players are embracing various growth strategies, such
as partnerships and strategic alliances, as well as new product
launches, to increase their presence in emerging markets and,
ultimately, to broaden their customer base.
Lineage Logistics Holdings, LLC (US)
Klinge Corporation (US)
Daikin Industries, Ltd. (Japan)
Interstate Warehousing, Inc. (US)
Partner Logistics (India)
Maven Systems Pvt. Ltd. (India)
Americold Logistics, Llc (US)
Berlinger & CO. AG (Switzerland)
Controlant EHF (Iceland)
Elpro-Buchs AG (Switzerland)
Infratab, Inc (US)
Monnit Corporation (US)
Orbcomm Inc. (US)
Savi Technology, Inc. (US)
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Cold Chain Monitoring Market Dynamics:
The market's main opportunity is automated asset control in warehouses and cold storage. A large warehouse may contain various temperature zones. As a result, regular temperature monitoring is required to assess both the extent to which items are stored and their true condition. Mechanization, such as the use of robotic systems to perform cross-stock transfers and unloading tasks, can be used to gain significant and long-term control over valuable equipment and maximize warehouse utilization. Warehouse automation aids in the optimization of storage space, the reduction of stress and strain, the improvement of dependability, and the reduction of operating costs.
Cold Chain Monitoring Market Regional Analysis:
Thanks to the geographical insights in the reports, readers will be well-informed on the Cold Chain Monitoring market on a regional level. A detailed awareness of local energy, economic, political, and geographic factors is required for any meaningful assessment of potential policy options in response to market change. The study provides readers with regional perspectives on Cold Chain Monitoring market and local growth potential, as well as domestic area restraints.
Cold Chain Monitoring Market Segmentation:
North America is currently the largest market for cold chain monitoring on the American continent, and this trend is expected to continue throughout the forecast period. The increased demand for frozen and chilled food in North American countries is expected to drive growth in the area of cold chain monitoring systems. The cold chain monitoring architecture includes defrosted storage and refrigerated transportation.
Cold Chain Monitoring Market Key Competitors:
In 2020, the storage segment dominated the market. Because of the increased preference for packaged food around the world, it is expected to be the dominant segment again at the end of the aforementioned forecast period. Food and medications in packages must be kept at the same temperature at all times. A variety of sensors and control technologies are used to monitor the temperature of packed food and medications. The storage segment is expected to grow at a high CAGR of 8.3% during the forecast period, owing to the increased demand for remote monitoring of cold storage.
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Key Questions answered in the Cold Chain Monitoring Market Report are:
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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