cold chain temperature monitoring market cover

Cold Chain Temperature Monitoring Market by Software (On-premise and Cloud-based), Hardware (Resistance Temperature Detectors, Conventional Temperature Loggers, Temperature Indicators, Real-time Monitoring Devices, and Others), Applications (Processed Foods, Fruit & Pulp Concentrates, Bakery & Confectionaries, Fruits & Vegetables, Fish, Meat & Seafood, Dairy Products [Cheese, Milk, Ice Cream, and Butter], Pharmaceuticals [Blood Banking and Vaccines], and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3068
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 4
  • No. Of Pages: 194
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The global cold chain temperature monitoring market size was valued at USD 7.96 billion in 2020 and is estimated to expand at high CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increased computerization in refrigerated storehouses for monitoring and handling the goods such as meat, food products, vegetables, and dairy products.


cold chain temperature monitoring market summary

Cold chain temperature monitoring involves the use of Internet of Things (IoT) technology to continuously monitor those temperature sensitive products which are usually transported in cold chain supply. Using cold chain supply helps to ensure the quality of temperature sensitive products remain same and retain their original quality from time of manufacture until the time of delivery. A series of monitoring devices, also known as temperature data loggers, are widely used as these wireless sensors provide real-time temperature data. Cold Chain temperature monitoring devices are classified on the basis of purpose and the supply chain level.

The COVID-19 pandemic outbreak has had positive impact on the cold chain temperature monitoring market. Pandemic had led to surge in transport of temperature sensitive drugs, samples, and vaccines in cold chain supply.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing focus for the improvement of supply chain efficiency and productivity using advanced technology is key factor driving the market growth.
  • Rising demand of temperature sensitive drugs in pharmaceutical industry and demand for better quality of food and processed food products are projected to boost the market expansion during the forecast period.
  • Lack of skilled professionals for proper handling of cold chain temperature monitoring devices can hamper the market growth during the projected timeline.
  • Rising operational cost and lack of standardization act as major challenges that can restrict the market growth in the coming years.
  • Wide integration of advanced technology such as radio frequency identification (RFID) technology and Bluetooth low energy in cold chain temperature monitoring devices are projected to create significant growth opportunities of the market.

Scope of the Report

The report on the global cold chain temperature monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Cold Chain Temperature Monitoring Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Software (On-premise and Cloud-based), Hardware (Resistance Temperature Detectors, Conventional Temperature Loggers, Temperature Indicators, Real-time Monitoring Devices, and Others), and Applications (Processed Foods, Fruit & Pulp Concentrates, Bakery & Confectionaries, Fruits & Vegetables, Fish, Meat & Seafood, Dairy Products [Cheese, Milk, Ice Cream, and Butter], Pharmaceuticals [Blood Banking and Vaccines], and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Thermo Electric Company, Inc.; Softbox; Roambee Corp.; DeltaTrak, Inc.; TempSen Electronics; Sensitech Inc.; OMEGA Engineering inc.; Elpro-Buchs AG; and Berlinger & Co. AG.

Market Segment Insights

Cloud-based segment is anticipated to grow at a robust pace

Based on software, the market is bifurcated into on-premise and cloud-based. The cloud-based segment is expected to grow at a rapid pace during the forecast period owing to real time monitoring and reporting of the status. However, the on-premise segment is anticipated to expand at a substantial CAGR during the forecast period due to security and safety issues of cloud-based systems.


cold chain temperature monitoring market software

Real-time monitoring devices segment to expand at a considerable CAGR

On the basis of hardware, the global cold chain temperature monitoring market is segregated into resistance temperature detectors, conventional temperature loggers, temperature indicators, real-time monitoring devices, and others. The real-time monitoring devices segment is expected to account for a major market share during the projected timeline.  Technological advancements such as wireless sensing technologies, cloud-based data management, and real-time monitoring and alerts are key factors driving the segment market growth. On the other hand, the temperature indicator segment is anticipated to exhibit a substantial CAGR during the forecast period due to increasing use of temperature indicator by food processing and transportation companies.

Pharmaceutical segment to account for a significant market share

In terms of applications, the market is divided into processed foods, fruit & pulp concentrates, bakery & confectionaries, fruits & vegetables, fish, meat & seafood, dairy products, pharmaceuticals, and others. The dairy products segment is further categorized as cheese, milk, ice cream, and butter while the pharmaceuticals segment includes blood banking and vaccines. The pharmaceutical segment is estimated to account for a significant market share during the forecast period owing to COVID-19 pandemic and wide demand for the drugs testing to curb the pandemic. However, the processed food segment is anticipated to expand at a substantial CAGR during the forecast period in the coming years due to increasing demand of protein bars, cereals, cookies, and chips.

North America is anticipated to constitute a key market share

In terms of region, the global cold chain temperature monitoring market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to growing demand for temperature monitors from food logistics operators and food storage facilities in the region. However, the Asia Pacific market is anticipated to expand at a rapid pace during the forecast period owing to boost in demand of canned and processed foods, and rapidly growing pharmaceutical and food industry in the region.


cold chain temperature monitoring market region

Segments

Segments Covered in the Report

The global cold chain temperature monitoring market has been segmented on the basis of

 Software

  • On-premise
  • Cloud-based

Hardware

  • Resistance Temperature Detectors
  • Conventional Temperature Loggers
  • Temperature Indicators
  • Real-time Monitoring Devices
  •  Others

 Applications

  • Processed Foods
  • Fruit & Pulp Concentrates
  •  Bakery & Confectionaries
  •  Fruits & Vegetables
  • Fish, Meat & Seafood
  • Dairy Products
    • Cheese
    • Milk
    • Ice Cream
    • Butter
  •  Pharmaceuticals
    • Blood Banking
    • Vaccines
  •  Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players

  • Thermo Electric Company, Inc.
  • Softbox
  • Roambee Corporation
  • DeltaTrak, Inc.
  • TempSen Electronics
  • Sensitech Inc.
  • OMEGA Engineering Inc.
  • Elpro-Buchs AG
  • Berlinger & Co. AG

Competitive Landscape

Key players competing in the global cold chain temperature monitoring markets are Thermo Electric Company, Inc.; Softbox; Roambee Corporation; DeltaTrak, Inc.; TempSen Electronics; Sensitech Inc.; OMEGA Engineering Inc.; Elpro-Buchs AG; and Berlinger & Co. AG. Companies are focusing on integrating technological advancements such as RFID and Bluetooth in products. In April 2019, Berlinger & Co. AG introduced updates to Fridge-tag 3. The enhancements in Fridge-tag 3 included SMS notification of warning status, innovative configuration options.

cold chain temperature monitoring market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. cold chain temperature monitoring Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. cold chain temperature monitoring Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. cold chain temperature monitoring Market - Supply Chain
  4.5. Global cold chain temperature monitoring Market Forecast
     4.5.1. cold chain temperature monitoring Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. cold chain temperature monitoring Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. cold chain temperature monitoring Market Absolute $ Opportunity
5. Global cold chain temperature monitoring Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. cold chain temperature monitoring Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global cold chain temperature monitoring Demand Share Forecast, 2019-2026
6. North America cold chain temperature monitoring Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America cold chain temperature monitoring Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America cold chain temperature monitoring Demand Share Forecast, 2019-2026
7. Latin America cold chain temperature monitoring Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America cold chain temperature monitoring Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America cold chain temperature monitoring Demand Share Forecast, 2019-2026
8. Europe cold chain temperature monitoring Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe cold chain temperature monitoring Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe cold chain temperature monitoring Demand Share Forecast, 2019-2026
9. Asia Pacific cold chain temperature monitoring Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific cold chain temperature monitoring Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific cold chain temperature monitoring Demand Share Forecast, 2019-2026
10. Middle East & Africa cold chain temperature monitoring Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa cold chain temperature monitoring Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa cold chain temperature monitoring Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global cold chain temperature monitoring Market: Market Share Analysis
  11.2. cold chain temperature monitoring Distributors and Customers
  11.3. cold chain temperature monitoring Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Thermo Electric Company, Inc.
     11.4.2. Softbox
     11.4.3. Roambee Corporation
     11.4.4. DeltaTrak, Inc.
     11.4.5. TempSen Electronics

Segments Covered in the Report

The global cold chain temperature monitoring market has been segmented on the basis of

 Software

  • On-premise
  • Cloud-based

Hardware

  • Resistance Temperature Detectors
  • Conventional Temperature Loggers
  • Temperature Indicators
  • Real-time Monitoring Devices
  •  Others

 Applications

  • Processed Foods
  • Fruit & Pulp Concentrates
  •  Bakery & Confectionaries
  •  Fruits & Vegetables
  • Fish, Meat & Seafood
  • Dairy Products
    • Cheese
    • Milk
    • Ice Cream
    • Butter
  •  Pharmaceuticals
    • Blood Banking
    • Vaccines
  •  Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players

  • Thermo Electric Company, Inc.
  • Softbox
  • Roambee Corporation
  • DeltaTrak, Inc.
  • TempSen Electronics
  • Sensitech Inc.
  • OMEGA Engineering Inc.
  • Elpro-Buchs AG
  • Berlinger & Co. AG

Key players competing in the global cold chain temperature monitoring markets are Thermo Electric Company, Inc.; Softbox; Roambee Corporation; DeltaTrak, Inc.; TempSen Electronics; Sensitech Inc.; OMEGA Engineering Inc.; Elpro-Buchs AG; and Berlinger & Co. AG. Companies are focusing on integrating technological advancements such as RFID and Bluetooth in products. In April 2019, Berlinger & Co. AG introduced updates to Fridge-tag 3. The enhancements in Fridge-tag 3 included SMS notification of warning status, innovative configuration options.

cold chain temperature monitoring market keyplayers

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