The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing pharmaceutical product demand is expected to drive innovation in cold chain monitoring manufacturing, driving the market during the forecast period.

The global cold chain monitoring market is expected to grow from $4.73 billion in 2022 to $5.54 billion in 2023 at a compound annual growth rate (CAGR) of 17.2%. The cold chain monitoring market is expected to grow to $10.10 billion in 2027 at a CAGR of 16.2%.

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Global Cold Chain Monitoring Market Segments Include:

• By Temperature Type: Frozen, Chilled
• By Components: Hardware and Software
• By Logistics: Storage, Transportation
• By Applications: Beverages and Foods, Chemicals, Pharmaceuticals, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cold chain monitoring market in 2021.

Major Market Players in the cold chain monitoring market include Elpro-Buchs AG, Sensitech Inc., Monnit Corporation, Berlinger & Co. AG, Klinge Corporation, Savi Technology, Zest Labs Inc., Daikin Industries, Lineage Logistics Holdings LLC, Ambetronics Engineers Pvt. Ltd.

Technological advancement is a major trend that is gaining traction in the cold chain monitoring market. Major market players are introducing advanced technologies to strengthen their market position. For example, Disrupt-X, an IoT development company based in the UAE that provides full-stack IoT platform solutions, launched an IoT-based cold storage monitoring solution in 2022 to detect temperature and humidity levels in cold storage facilities. The Disrupt-X Cold Storage Monitoring Solution detects temperature and humidity fluctuations from the comfort of their office or the convenience of their smartphone. It makes use of Sigfox / Lora WAN-based devices to regularly send accurate humidity and temperature data levels to the cloud platform and mobile app.

The Cold Chain Monitoring Global Market Report 2023 provides a cold chain monitoring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cold chain monitoring market forecast analyzes cold chain monitoring market size, cold chain monitoring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cold chain monitoring is the use of Internet of Things (IoT) technology to monitor temperature-sensitive products in a cold chain. The primary goal is to provide sensitive and perishable items with a secure and temperature-controlled environment. It ensures that perishable goods are kept at safe and high-quality temperatures until consumption.

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