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Cold Chain Equipment Market Trends

Report ID: GMI8475
Published Date: Mar 2024
Report Format: PDF

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Cold Chain Equipment Market Trends

Businesses are managing and monitoring temperature and humidity levels in real time using IoT and cloud computing, which enables them to quickly resolve any issues. Among other industries, the pharmaceutical sector uses data loggers and sensors to monitor the temperature and humidity of items during transportation. Because of the increased demand for perishable foods, efficient cold chain equipment is needed.

Authors: Avinash Singh, Sunita Sigh

Frequently Asked Questions (FAQ) :

The market size of cold chain was reached USD 14 billion in 2023 and is anticipated to register a CAGR of over 20.2% between 2024 and 2032, driven by the trade liberalization, expansion of retail chains, and focus on decreasing food chain expense.

Storage equipment segment was worth USD 10.16 billion in 2023 and will continue to gain traction, as it maintains a particular temperature range that is suitable for the product that is being stored.

North America cold chain equipment market accounted for a major revenue share of 33.05% in 2023, favored by the growth of e-commerce in the region and the growing need for temperature-controlled storage in the food and pharmaceutical industries.

NICHIREI CORPORATION, Americold, Burris Logistics, Schmitz Cargobul, Thermo King, Carrier Transicold, Zanotti SpA, Viessmann, Schmitz Cargobull, Fermod, Intertecnica, ebm-papst Group, CAREL, Bitzer, Kelvion and LINEAGE LOGISTICS HOLDING, LLC.