Cold Chain Temperature Monitoring is defined as devices or solutions for supply chain/logistic monitoring. Cold chain is a series of equipment that is used to maintain a product withing specific temperature/low-temperature range from the time of production or harvest till the time of consumption and on the other hand temperature monitors aid in tracking & maintaining the desired or constant temperature. The temperature monitors also aid in assisting with HACCP, FDA, MHRA & other national regulatory needs and also the monitor provides live data & alarms from anywhere 24/7. The cold chain temperature monitoring aids in tracking perishable products, pharmaceutical products, eatables & other food items with freshness & elongated storage capacity. The cold chain temperature monitoring devices are mostly fixed in freezers & refrigerators, walk-in coolers & deli freezers, refrigerated compartments in trucks, supermarket shelves etc.
Cold Chain Temperature Monitoring Market: Key Players
The research study includes profiles of leading companies operating in the global cold chain temperature monitoring market. Key players profiled in the report include: Sensitech Inc., ORBCOMM, Berlinger & Co. AG, Monnit Corporation, ELPRO-BUCHS AG, Controlant, SecureRF Corporation, Savi Technology, Zest Labs, Inc., and Infratab, Inc.
Drivers for the Global Cold Chain Temperature Monitoring Market:
Rising demand of cold chain temperature monitoring by various industries like food, pharmaceutical’s etc to preserve & store foods, increasing retail stores that are selling frozen foods, elevated focus over the product sensitivity & quality, strict rules related to shipment & storage of pharmaceutical products and increasing dependency on frozen foods as they are convenient to cook is elevating the need for cold chain temperature monitoring systems, monitoring of stockrooms that contain pharmaceutical products & increase in the usage of medication globally and increasing need of data loggers in supply chain monitoring for various industries like beverage & foods to improvise effective monitoring of the logistics as well as supply chain. Hence these are the major drivers of the market and are going to increase the disposable income & growth of the market.
Opportunities for the Global Cold Chain Temperature Monitoring Market:
Moreover, increasing investment towards refrigerated warehouses by private sectors & government sectors to reduce the spoilage of food as well other temperature sensitive products, new improvised & modern cold chain monitoring solutions are designed in such a way that they track & monitor products all through the storage & transportation cycle this in turn is increasing the demand of the monitoring solutions, increasing export & import of pharmaceutical products globally require to be preserved under frozen conditions and increasing need for cold chain/ temperature monitoring at desired levels for preserving different products based on the temperature they acquire. Hence these factors are going to increasing the opportunities for the future growth of the market.
Restrains for the Global Cold Chain Temperature Monitoring Market:
However, high costs of energy & infrastructure that are necessary to maintain the temperatures is fueling the spending of the companies, sudden damage in the cold chain temperature monitoring can cause damage of all the food products and mandatory need of certain facilities like florescent light fixtures which also are high in cost. These factors are going to hamper the growth of the market.
Region Wise, Global Cold Chain Temperature Monitoring Market Analysis:
Asia Pacific held a major share in the market due to general economic conditions, increasing population, rising industrialization & modernization, investment in new technology, elevation in the demand for processed & canned food items and increasing export of food products & pharmaceuticals to other parts of the world. Besides that North America and Europe held a large share in the market.
Covid-19: Impact and Recovery Analysis for Global Cold Chain Temperature Monitoring Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Cold Chain Temperature Monitoring market globally. Cold chain temperature monitoring market has been affected due to restriction in import & export that has altered the logistics. But overall the market also has remained active due to the food & pharmaceutical industry being under essential services.
Global Cold Chain Temperature Monitoring Market: Product analysis
Global Cold Chain Temperature Monitoring Market: Application analysis
- Fruits & vegetables
- Fruit pulp & concentrates
- Dairy products
- Fish, meat & seafood
- Processed food
- Bakery & confectionaries
Global Cold Chain Temperature Monitoring Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East