Overview and Scope
Cold chain temperature monitoring refers to the process of continuously monitoring and tracking the temperature of perishable goods, pharmaceuticals, vaccines, and other temperature-sensitive products as they are transported or stored within a controlled environment. It utilizes various technologies, including sensors and data loggers, to consistently oversee the temperature conditions of perishable items to guarantee that these products are stored and transported within ideal temperature parameters, thereby preserving their quality, safety, and overall integrity.
Sizing and Forecast
The cold chain temperature monitoring market size has grown rapidly in recent years. It will grow from $7.52 billion in 2023 to $8.79 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to increased global trade, rising demand for pharmaceutical products, importance of maintaining product quality, growing availability of cold chain logistics, focus on predictive maintenance.
The cold chain temperature monitoring market size is expected to see rapid growth in the next few years. It will grow to $16.64 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to integration of emerging technologies by key players, expansion and enhancement of product portfolios, adoption of innovative temperature monitoring solutions, increasing demand for cold chain tracking in developing countries, focus on automation and cold storage technologies. Major trends in the forecast period include increased use of sensors and data loggers, expansion of software solutions for cold chain monitoring, emphasis on security and safety in monitoring systems, Preference for on premise software solutions, focus on improving operational effectiveness.
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Segmentation & Regional Insights
The cold chain temperature monitoring market covered in this report is segmented –
1) By Hardware: Conventional Temperature Loggers, Real Time Monitoring Devices, Resistance Temperature Detectors, Temperature Indicators, Other Hardware
2) By Software: On Premise, Cloud Based
3) By End User: Fish, Meat And Seafood, Processed Food, Pharmaceuticals, Bakery And Confectionaries, Fruits And Vegetables, Dairy Products, Other End Users
Top 5 Major Players:
- Zebra Technologies Corporation
- Cryoport Inc.
- Cold Chain Technologies
- Controlant
- Sensitech Inc
North America was the largest region in the cold chain temperature monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold chain temperature monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The expansion of e-commerce is expected to propel the growth of the cold chain temperature monitoring market going forward. E-commerce refers to the buying and selling goods and services over an electronic network, primarily the internet. E-commerce expands due to its convenience, technological advancements, and accelerated adoption during the COVID-19 pandemic, enabling businesses to reach a global market while transforming supply chain logistics. Cold chain temperature monitoring systems provide real-time visibility and control over temperature-sensitive products, enabling e-commerce companies to maintain product quality, meet customer expectations, and demonstrate regulatory compliance. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, total e-commerce sales in the USA for 2023 were $1,118.7 billion, an increase of 7.6% from 2022. Therefore, the expansion of e-commerce is driving the growth of the cold chain temperature monitoring market.
Key Industry Players
Major companies operating in the cold chain temperature monitoring market are Zebra Technologies Corporation, Cryoport Inc., Cold Chain Technologies, Controlant , Sensitech Inc., OMEGA Engineering inc., Luna, Elitech , MOBIQU, Thermo Electric Company Inc., DeltaTrak Inc, Berlinger & Co. AG, Insignia Technologies , Softbox, CargoSense, PakSense, Elpro-Buchs AG, CubeWorks , Infratab Inc., Kedeon , CWD Limited, ORBCOMM, Roambee Corporation, iMatrix Cloud , AeroSafe Global
The cold chain temperature monitoring market report table of contents includes:
1. Executive Summary
2. Cold Chain Temperature Monitoring Market Characteristics
3. Cold Chain Temperature Monitoring Market Trends And Strategies
4. Cold Chain Temperature Monitoring Market – Macro Economic Scenario
5. Global Cold Chain Temperature Monitoring Market Size and Growth
….
32. Global Cold Chain Temperature Monitoring Market Competitive Benchmarking
33. Global Cold Chain Temperature Monitoring Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cold Chain Temperature Monitoring Market
35. Cold Chain Temperature Monitoring Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cold Chain Temperature Monitoring Market, Segmentation By Hardware, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cold Chain Temperature Monitoring Market, Segmentation By Software, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cold Chain Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 74: Zebra Technologies Corporation Financial Performance
Table 75: Cryoport Inc. Financial Performance
Table 76: Cold Chain Technologies Financial Performance
Table 77: Controlant Financial Performance
Table 78: Sensitech Inc. Financial Performance
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