Cold Chain Tracking and Monitoring Systems Market, By End User (Healthcare, Food & Beverage, Chemical), By System (Hardware, Software), By Solution (Storage, Transportation), By Region – Global Analysis Forecast Till 2030

Cold Chain Tracking and Monitoring Systems Market is projected to reach $16.1 Billion by 2030, growing at a CAGR of 13.7% from 2021 to 2030 | Americold Logistics, LLC, Berlinger & Co. AG, Control

Cold chain monitoring uses Internet of Things (IoT) technology to continuously observe temperature-dependent products transported in the cold chain, the supply chain for perishable and temperature-dependent products such as biologics, food and beverages, and pharmaceuticals. . Conditions during transportation and storage without proper monitoring can compromise the quality of these products. As a result, it can endanger people's health and safety and harm a company's brand, customer loyalty and essence. Cold chain monitoring systems quickly detect product temperature problems and minimize damage by rerouting shipments to cold storage, dispatching personnel to troubleshoot problems or repair malfunctioning equipment. Operators are responsible for the technology that controls the cold chain and tracks the temperature under these controlled conditions.

Similarly, government agencies audit these industries from time to time to ensure compliance and consumer safety. Vaccines, for example, are monitored very closely. This is because even the slightest change in temperature can make certain vaccines ineffective. Cold chain monitoring in transportation is essential and can be customized according to the product. The data logger is now waterproof, pre-calibrated and disposable. Increases the convenience of cold chain monitoring in a variety of environments including wet, wet or icy conditions. In healthcare, the cold chain is a network of freezers, cold stores, and cold boxes managed and maintained to ensure that vaccines do not lose their integrity during transportation, storage, and distribution from the factory to the point of use.

Market Dynamics:

Drivers:

Pharmaceuticals that are temperature-sensitive, such as vaccinations, and products whose chemical stability depends on a particular temperature range are in great demand. The International Institute of Refrigeration (IIR) reports that the demand for heat-sensitive medical products, such as drugs, vaccines, insulin, blood-derived goods, and cancer goods, is rising annually in the global cold chain tracking and monitoring systems market

As a result, the transport of these drugs is an essential step in the cold chain because of the risk of unexpected environmental fluctuations. Changes in temperature during transportation can result in ineffective treatment in many situations as the medicine loses its ability to treat the condition for which it is intended.

Restraints:

The installation cost of a cold chain monitoring system is very high. Deploying sensors and setting up connectivity networks in locations requires high costs. Transporting expensive cargoes within specified temperature ranges over long periods requires a significant investment. Therefore, players interested in refrigerated storage and refrigerated transportation are skeptical about spending on monitoring network design. Price is a major obstacle to building a real-time cold chain monitoring system, especially for small businesses. Several players in the food industry are small and medium-sized enterprises (SMEs) that typically operate on tight margins.

Key players:

• Americold logistics, llc.

• Berlinger & co. ag

• Controlant

• Hanwell Solutions

• ELPRO-BUCHS AG

• Infratab

• Monnit Corporation

• ORBCOMM, Inc.

• Savi Technology

• Sensitech Inc

• Lineage Logistics Holdings, LLC

• Klinge Corporation

• Daikin Industries, Ltd.

• Interstate Warehousing, Inc.

• Partner Logistics

• Maven Systems Pvt. Ltd.

Market Segmentation:

Global Cold Chain Tracking and Monitoring Systems Market, By End User

• • Others

  • Healthcare

  • Food & Beverage

  • Chemical

Global Cold Chain Tracking and Monitoring Systems Market, By System

• • Hardware

  • Software

Global Cold Chain Tracking and Monitoring Systems Market, By Solution

• • Storage

  • Transportation

Cold Chain Tracking and Monitoring Systems Market, By Region

• • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Rest of Europe

    • Germany

    • France

    • U.K.

    • Italy

  • Asia-Pacific

    • Japan

    • China

    • Australia

    • India

    • South Korea

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

Regional Analysis:

North America dominated the industry with a share of over XX% in 2021 and will maintain that position throughout the forecast period as it offers huge growth potential for companies willing to spend in the long run. Additionally, a wide customer base and increasing adoption of connected devices will drive cold chain tracking and monitoring systems market growth in the coming years.

The Asia Pacific region is expected to witness the highest CAGR due to increasing government investment for logistics infrastructure development and increasing adoption of warehouse management systems.

China led the cold chain tracking and monitoring systems market in 2021 due to the increasing pace of technological development of equipment used to package, process and hold seafood items. In addition, rapid infrastructure development has positioned China as an industry leader. China is currently transitioning from a manufacturing and construction-oriented economy to a consumer-oriented one. The rapid pace of innovation in China's pharmaceutical sector is also likely to boost demand for cold storage solutions in the region.

Scope Of the Report:

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