Refrigeration Monitoring - Global Strategic Business Report

Report
558 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 5304074

The global market for Refrigeration Monitoring is estimated at US$9.1 Billion in 2023 and is projected to reach US$15.6 Billion by 2030, growing at a CAGR of 7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Refrigeration Monitoring Hardware segment, which is expected to reach US$8.8 Billion by 2030 with a CAGR of 7%. The Software segment is also set to grow at 7.9% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $2.5 Billion in 2023, and China, forecasted to grow at an impressive 8.8% CAGR to reach $1.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Refrigeration Monitoring Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Refrigeration Monitoring Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Refrigeration Monitoring Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Berlinger & Co. AG, Cargo Data Corporation, Daikin Industries, Ltd., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 66 Featured):

Berlinger & Co. AG
Cargo Data Corporation
Daikin Industries, Ltd.
Danfoss A/S
Digi International Inc.
Emerson Electric Company
Monnit Corporation
ORBCOMM
Proges-plus
Samsara Inc.
Sensaphone
Swift Sensors Inc.
Tek Troniks Limited
Tempmate GmbH
Texas Instruments Inc.
Vaisala Oyj
Zebra Technologies Corp.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

An Introduction to Refrigeration Monitoring
Global Economic Update
Here’s How Inflationary Pressures Affect the Economy
Here’s What’s Causing Inflationary Pressures in the Global Market
Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
Global Inflation Rates (In %) for the Years 2019 through 2024
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
COVID-19 Spurs Demand for Cold Chain Monitoring Technologies
COVID-19 Impact on Refrigeration Monitoring Market
Global Market Outlook
Hardware Segment Leads Global Market
Food Industry & Pharma Sector to Continue Driving Gains
Developing Regions to Spearhead Future Growth
Competition
Refrigeration Monitoring - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
A Glance at Select Refrigeration Monitoring Systems
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Rise in Global Trade & Retail Drives Demand for Transportation Refrigeration Equipment
Continuous Development of World’s Highways to Expand Market Opportunities for Road Freight Transportation
Growth in Ocean Refrigerated Ocean Freight Creates Parallel Opportunity for Refrigeration Systems
Development of Cold Chain Warehousing, Distribution & Logistics: Cornerstone for Growth in the Refrigeration Monitoring Market
Cold Chain Monitoring: Highly Beneficial for Transportation of Perishable Goods
Construction of Sustainable Cold Chain Facilities Minimizes Food Wastage and Improve Product Quality
Growing Significance of Farm-to-Fork Trend Elevates Role of Cold Chain Logistics
Post-Harvest & Supply Chain Losses Create Strong Business Case
Innovative Technologies Fuel Growth for Cold Chain Monitoring Market
FSMA Regulations Requires Further Refinements in Cold Chain Monitoring
Cold Chain Monitoring Market Poised for High Growth
Rapid Growth in Food Retailing Spurs Need for Refrigeration Monitoring
Global Food and Grocery Retail Market Size in US$ Billion for the Years 2022, 2024, 2026 and 2028
Refrigeration Monitoring Systems Critical to Grocery Warehouses
Food Safety, Also a Major Factor Driving Demand Growth
Strong Demand for Frozen Foods Further Drives the Value & Importance of Refrigeration Monitoring
Growing Demand for Frozen Foods Bodes Well for Refrigeration Monitoring Solutions: Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
Expanding Online Grocery Market Spurs Need for Refrigeration Monitoring
Grocery e-Commerce Emerges Into a Powerful Driver of Growth for Refrigeration Monitoring Market: Global Online Grocery Market (In US$ Billion) for Years 2023, 2025, 2027 and 2029
Rise in Availability of Temperature-Sensitive Drugs & Vaccines Fuels Market Growth
Global Biopharmaceutical Sales (In US$ Billion) for Years 2023, 2025, 2027 and 2029
Growing Investments in Biopharma Cold Chain Infrastructure Translates into Opportunities for Refrigeration Monitoring Solutions: Global Spending on Cold Chain Technologies in the Biopharmaceuticals Industry (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
Vaccines Make Cold Chain Highly Relevant in Pharmaceutical Logistics
A Review of Monitoring Solutions for Temperature-Sensitive Medical Products
A Deep Dive into the Market for Refrigerator Temperature Monitoring Systems for Medical Facilities and Labs
Types of Refrigerator Temperature Monitoring Devices
Cold Chain Failures Cast the Spotlight on Remote Monitoring to Fix Breaks
Remote Monitoring Solutions to the Rescue
Remote Refrigeration Monitoring Solutions for the Foodservice Industry
Rise in Floriculture Bodes Well for the Market
As Flowers Become a Lucrative Trade Commodity, New Opportunities Open for Refrigeration Monitoring in the Floral Cold Chain: Global Market for Cut Flowers (In US$ Billion) for Years 2023, 2025, 2027 and 2029
IoT Technology Makes Perfect Sense for Refrigeration Systems
Use of IoT in Refrigeration Monitoring Continues to Gain Momentum
AI Emerges to Revolutionize Refrigerated Storage and Transportation Space
Why AI is Prudent Choice for Cold Chain Temperature Monitoring
AI is All Set to Unlock New Narrative for Commercial Refrigeration
Blockchain Technology for Real-Time Monitoring of Refrigeration Systems
Blockchain for Effective Transport of Temperature-Sensitive Pharmaceuticals
Technological Innovations Boost Refrigeration Monitoring Market
Retrofit Market to Drive Opportunities Amid Phase-out of Fluorinated Refrigerants
Challenges Confronting Refrigeration Monitoring Market

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Refrigeration Monitoring Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Refrigeration Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 3: World Historic Review for Refrigeration Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 4: World 16-Year Perspective for Refrigeration Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 6: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 7: World 16-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 8: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 9: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 10: World 16-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 12: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 13: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 14: World Recent Past, Current & Future Analysis for Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 15: World Historic Review for Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 16: World 16-Year Perspective for Storage by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 17: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 18: World Historic Review for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 19: World 16-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 20: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 21: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 22: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 23: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 24: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 25: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 26: World Recent Past, Current & Future Analysis for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 27: World Historic Review for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 28: World 16-Year Perspective for Chemicals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 29: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 30: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 31: World 16-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 32: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 33: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 34: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Refrigeration Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADAJAPANCHINA

EUROPE

Refrigeration Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)

FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEASIA-PACIFICAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Refrigeration Monitoring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Berlinger & Co. AG
Cargo Data Corporation
Daikin Industries, Ltd.
Danfoss A/S
Digi International Inc.
Emerson Electric Company
Monnit Corporation
ORBCOMM
Proges-plus
Samsara Inc.
Sensaphone
Swift Sensors Inc.
Tek Troniks Limited
Tempmate GmbH
Texas Instruments Inc.
Vaisala Oyj
Zebra Technologies Corp.

Table Information

Report Attribute	Details
No. of Pages	558
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 9.1 Billion
Forecasted Market Value ( USD ) by 2030	$ 15.6 Billion
Compound Annual Growth Rate	8.0%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 66 Featured):

MarketGlass Platform

Table of Contents

Companies Mentioned (Partial List)

Table Information

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About the Refrigeration Monitoring Market