Cold Chain Monitoring Market Will Generate Record Revenue by 2029

The global Cold chain monitoring market is anticipated to grow at a CAGR of 20.4% during the forecast period (2023-2030). The growth of global Cold chain monitoring market is anticipated to several driving factors which includes, increasing demand for perishable goods, growing awareness of the importance of food safety and expanding cold chain networks. The rising number of cloud kitchens globally contributing in the growth of the market, owing to increasing adoption of cold supply chain. Hence, the market players are focusing on introducing new and improved monitoring solution in the market. For instance, in May 2023, Tridentify, announced the launch of its latest innovation a real-time cold chain monitoring system that includes a ground-breaking feature for continuously monitoring the stability and remaining shelf-life of shipped products in the cold-chain. The new system will transform the way companies monitor their operations and manage their stability budgets by providing a comprehensive view of the stability and the remaining shelf-life of the pharmaceutical products in real time.

In March 2023, OnAsset Intelligence Inc., a leading provider of supply chain visibility and asset tracking solutions, announced the launch of its newest product, the Sentinel 200. The Sentinel 200, which is the latest evolution of OnAsset’s highly successful Sentinel product line and is one of the first devices using Amazon Sidewalk for logistics-focused use cases. Hundreds of thousands of shipments and assets are monitored each day using Sentinel products. Sentinels are compact, cost-effective, multi-year battery life devices with temperature, humidity, light, shock and motion sensors that provide timely and granular data on location, status and chain-of-custody of shipments and assets moving through the global supply chain.

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Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

·        By System

·        By Solution

·        By End User

Regions Covered-

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Competitive Landscape- includes, Americold logistics, llc., ELPRO-BUCHS AG, Geotab Inc., Hanwell Solutions, Infratab, Inc., Monnit Corp, ORBCOMM, Inc., Savi Technology, Sensitech Inc, Zest Labs, Inc., and others.

Cold Chain Monitoring Market Report Segment

By System  

•                 Hardware (On-premise and Cloud-based)

•                 Software (Sensors and data loggers, Networking devices and Telematics and telemetry devices)

By Solution  

•                 Storage

•                 Transportation

By End User  

•                 Healthcare

•                 Food & Beverage

•                 Others

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Cold Chain Monitoring Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 Berlinger & Co. AG

•                 Carrier Global Corp

•                 Controlant

•                 Danfoss Industries Pvt. Ltd.

•                 ELPRO-BUCHS AG

•                 Geotab Inc.

•                 Hanwell Solutions

•                 Monnit Corp

•                 ORBCOMM, Inc.

•                 Phononic.com

•                 Savi Technology

•                 Sensitech Inc

•                 Shippeo

•                 Snowflake Inc

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