10 May 2019 - Global Cold Chain
Monitoring Market is expected to
grow at a significant CAGR in the upcoming period as the scope and its
applications are rising enormously across the globe. Cold chain monitoring is a
supply chain logistics solution that helps in effective tracking of
pharmaceutical & healthcare products, perishable products, and food items
with expected freshness.
The
factors that are playing a major role in the growth of cold chain monitoring
market are the high demand for generic drugs, the rising government initiative
on issuing policies affecting supply chain efficiency of developing pharma
sector in North America and Europe, and the growing demand for the high-quality
food. However, the high cost of implementation may restrain the overall market
in the years to come. The market is segmented based on component, application,
logistics and region.
Software
and hardware are the components that could be explored in the market in the
forecast period. Software sector comprises cloud and on-premises. Whereas, the
hardware sector comprise networking devices, sensors & data loggers,
telematics & telemetry devices, and RFID devices. The hardware sector
accounted for the significant share of the market and is estimated to lead the
overall market in the years to come. The reason could be for monitoring
effective network.
Based
on the logistics, transportation, storage, and others could classify cold chain
monitoring in the forecast period. The transportation sector accounted for the
significant share of cold chain monitoring market and is estimated to lead the overall
market in the years to come. The reason could be the rising distribution
network of the cold chain.
The
market may be categorized based on applications like chemicals, pharmaceuticals
& healthcare, food & beverages, and others that could be explored in
the forecast period. The food & beverage sector accounted for the
substantial share of market and is estimated to continue its dominance in the
years to come. The reason behind the overall market growth could be the rising
demand for meat and seafood, the dietary changes of people, and it maintains
the durability and food quality.
Globally,
North America accounted for the significant share of cold chain monitoring
market and is estimated to lead the overall market in the years to come. The
reason behind the overall market growth could be the presence of key
manufacturers in the region, the high demand for frozen and chilled foods, the
presence of developed cold chain infrastructure, and the rising demand for
generic drugs. The United States is a major consumer of cold chain monitoring
in this region.
Europe
and the Asia Pacific are also estimated to have a positive influence on future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The developing countries like India and China are the major consumers
of cold chain monitoring in this region.
The
key players of cold chain monitoring market are Infratab, Sensitech, Zest Labs,
ORBCOMM, Savi Technology, Berlinger & Co., SecureRF Corporation, Monnit
Corporation, Controlant, and Elpro – Buchs. These players are concentrating on
inorganic growth to sustain themselves amidst
fierce
competition.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (M USD), market
share and growth rate of Cold Chain Monitoring in these regions, from 2012 to
2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Cold Chain Monitoring market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
NXP Semiconductors NV
•
NEC Corp
•
Sensitech, Inc.
•
ORBCOMM
•
Berlinger & Co AG
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