At the onset, the report covers a forecast and thorough analysis of the Cold Chain Tracking and Monitoring Market on a regional as well as global level. The report offers comprehensive data from 2019 to 2025 on the basis of the revenue generation, and historical, current and estimated growth in the market in terms of both value and volume. Additionally, the report includes the noteworthy changes taking place in the market dynamics over the review period.
Cold Chain Tracking and Monitoring refers to maintaining a given temperature range in Cold Storages as the quality of food stock is highly dependent on temperature consistency. A series of sensors and controlling devices are used to monitor it. The Global Cold Chain Tracking and Monitoring Market was 172.51 Billion USD in 2018 and is estimated to reach 333.40 Billion USD by 2025 at a CAGR of 9.87% during the forecast period
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Drivers and Constraints
The report comprises a through the study of significant factors that influence the Cold Chain Tracking and Monitoring market considerably. The report thoroughly explains the factors that are driving and restraining the market over the assessment period. It also includes the factor that is expected to create potential opportunities for market players in order to achieve an extensive in-depth understanding of the market.
The estimate and review of the Cold Chain Tracking and Monitoring market have been conducted on a regional and global level. Based on the region, the Cold Chain Tracking and Monitoring market has been analyzed in North America, Latin America (LATAM), Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
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The report consists of a thorough analysis of the competitive scenario of the Cold Chain Tracking and Monitoring market and the current trends expected to influence the industrial landscape. It identifies essential players of the market, comprising of both key and emerging players. The report offers the company market share study to give a broader overview of the key players in the market. Furthermore, the report also includes key strategic developments of the market along with new product launch, acquisitions & mergers, partnerships, agreements, research & development collaborations & joint ventures, and regional expansion of major market players on a global and regional basis.
Growth by Region
The North America region is expected to dominate the Global Cold Chain Tracking and Monitoring Market followed by Europe, Asia-Pacific
Drivers vs. Constraints
The growing organized retail, increasing refrigerated warehouses, changing government policies and regulations, and growth in pharmaceutical sector are the reasons for the growth of Global Cold Chain Tracking and Monitoring Market.
The lack of standardization and high operational cost are the factors which restrain this market growth.
Industry Structure and Updates
In 2016, Thermo King has launched SLXi single- and multi-temperature trailer which is a new Hybrid Drive Trailer and based on Frigoblock inverter technology of new generation.
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Release ID: 88911460