Global Cold Chain Tracking and Monitoring Market is Projected to Reach USD 7187.6 million USD by 2025

Description :

The global Cold Chain Tracking and Monitoring market is valued at 3586.2 million USD in 2017 and is expected to reach 7187.6 million USD by the end of 2025, growing at a CAGR of 10.44% between 2017 and 2025.
 
Currently, there are many players in the world. The main market players are Sensitech, Inc., ORBCOMM, Testo, Rotronic, ELPRO-BUCHS AG, Emerson, Nietzsche Enterprise , NXP Semiconductors NV and so on. The Market value of Cold Chain Tracking and Monitoring is about 3586.2 Million USD in 2017.
 
The primary driving force behind cold chain expansion is the increasing need for efficient storage systems to avoid food wastage. There are three major drivers behind the growing demand for cold chain monitoring and tracking in pharmaceutical cold chain logistics. The first being the transition is towards bio-engineered, temperature-sensitive products. The second being tightening regulations for pharma shipments and the last being the growing internationalization of the pharmaceutical supply chain.
 
Another biggest drivers of cold-chain logistics over the next few years will be the continued development, approval and market penetration of biotechnology-derived drugs, and the expansion in both usage and production of these drugs and other cold-chain products in emerging markets. Australia, Canada, Indonesia, Ireland, Malaysia, Singapore and other countries updated cold-chain rules in the past few years.
 
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The global Cold Chain Tracking and Monitoring market is valued at 3586.2 million USD in 2017 and is expected to reach 7187.6 million USD by the end of 2025, growing at a CAGR of 10.44% between 2017 and 2025.
 
Cold Chain Tracking and Monitoring Competitive landscape and key vendors : 
 
Sensitech, Inc.
 
ORBCOMM
 
Testo
 
Rotronic
 
ELPRO-BUCHS AG
 
Emerson
 
Nietzsche Enterprise
 
NXP Semiconductors NV
 
Signatrol
 
Haier Biomedical
 
Monnit Corporation
 
Berlinger & Co AG
 
Cold Chain Technologies
 
LogTag Recorders Ltd
 
Omega
 
Dickson
 
ZeDA Instruments
 
Oceasoft
 
The IMC Group Ltd
 
Duoxieyun
 
Controlant Ehf
 
Gemalto
 
Infratab, Inc.
 
Zest Labs, Inc.
 
vTrack Cold Chain Monitoring
 
SecureRF Corp.
 
Jucsan
 
Maven Systems Pvt Ltd.
 
 
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