Cold Chain Tracking and Monitoring Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2019 – 2025

Wiseguyreports.Com Publish New Market Research Report On -“Cold Chain Tracking and Monitoring Market 2019 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2025”

Pune, India - September 17, 2019 /MarketersMedia/ —

Cold Chain Tracking and Monitoring Market

Actively used in industries including Food and Beverages, Healthcare etc., the Global Cold Chain Tracking and Monitoring Market is expected to thrive from 3590 Million USD in 2018 to 6040 Million USD by 2024 end with a CAGR of 9% between 2019-2024. A logistics / supply chain monitoring solution, Cold Chain Monitoring helps to track the perishable products, eatables and food items with assured freshness and palatability. Some of the key growth drivers for this market are increasing demand of better food quality, usage of temperature sensitive drugs, generic drugs, and governmental policy impacting the overall supply chain efficiency.

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Market Segment:
The global Cold Chain Tracking market is broadly classified by Component, Solution and Application. The market by component is further split into Hardware, Sensors and data loggers, RFID devices, Telemetry and telematics, Networking devices, Software, On-premises, and Cloud-based markets.
By solution, the market is split into Storage, Warehouses, Cold containers, Transportation, By airways, By waterways, By roadways and by railways.
On the basis of application, the global market is divided into Food and Beverages, Pharma and HealthCare, Bio-banking, Chemicals, Fruits and Vegetables and Others.

To determine the market segment, the report covers total 28 global key players – to name a few:
Sensitech, Inc. (USA)
ORBCOMM (USA)
Testo (Europe)
Rotronic (Europe)
ELPRO-BUCHS AG (Europe)
Emerson (USA)
Nietzsche Enterprise (Asia)
NXP Semiconductors NV (Europe)
Signatrol (Europe)
Haier Biomedical (Europe)
Monnit Corporation (USA)
Berlinger & Co AG (Europe)

Regional Analysis:
In the report, by region, the global cold chain tracking and monitoring market is divided into 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, Colombia) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). North America is the largest market of Cold Chain Tracking and Monitoring, with a market value share nearly 31.96% in 2017. The second place is Europe following North America, with the market value share over 31.10% in 2017. China is another important production market of Cold Chain Tracking and Monitoring. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast-growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of the overall market. North America is the largest market with 31.96% market share followed by Europe at 31.1%.

Conclusion:
Report data showed that 53.99% of the Cold Chain Tracking and Monitoring market demand was recorded by Food and Beverages market followed by 34.51% in Healthcare in 2017. Sales of Cold Chain Tracking and Monitoring have brought a lot of opportunities and more companies will enter into this industry, including developed and developing countries owing to increasing penetration of connected devices and a large consumer base (North America), technological advancement in packaging, processing and storage of seafood products and increasing government investments in logistics infrastructure development (Asia-Pacific) in future.

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Source URL: https://marketersmedia.com/cold-chain-tracking-and-monitoring-market-global-industry-analysis-size-share-trends-growth-and-forecast-2019-2025/88919765

Source: MarketersMedia

Release ID: 88919765

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