Refrigeration Monitoring Market

Refrigeration Monitoring Market by Offering (Hardware, Software, and Service), Sensor (temperature, defrost, touch, liquid level, gas detector, contact, motion detector, pressure), Application, Industry, and Region - Global Forecast to 2025

Report Code: SE 7574 Mar, 2020, by marketsandmarkets.com

[173 Pages Report] The refrigeration monitoring market is projected to grow from USD 7.4 billion in 2020 to USD 11.1 billion by 2025, at a CAGR of 8.3%. Key factors fueling the growth of this market include changing food consumption patterns, shifting consumer preferences for organic food products, increasing demand for high-quality packed food products, growing demand for temperature-sensitive drugs, high disposable income, and the need to reduce food wastage.

Refrigeration Monitoring Market

Hardware accounted for largest share of refrigeration monitoring market in 2019

In 2019, hardware accounted for the largest share of the refrigeration monitoring market. Hardware is a major component used in refrigeration monitoring units and comprises temperature sensors, defrost sensors, touch sensors, liquid level sensors, pressure sensors, etc., and networking devices that monitor and control the refrigeration system and notify the user through alarms or notifications. The demand for hardware is increasing owing to the increasing use of refrigeration monitoring systems in cold storage and transportation systems to preserve perishable products.

Temperature sensors accounted for largest share of refrigeration monitoring market in 2019

Among sensors, the temperature sensors segment accounted for the largest share of the refrigeration monitoring market in 2019. Temperature is one of the most common parameters that is measured across a wide variety of industries, including food & beverages, retail, transport, pharmaceuticals, chemicals, and others. Most frozen and packed food products are required to be stored at a specific temperature requirement in order to ensure that they remain fresh. A temperature sensor is used to adjust the temperature of the refrigerator according to its contents. The applicability of temperature sensors in various industries such as pharmaceuticals, chemicals, food & beverages, hospitals, and residential is likely to increase the worldwide demand for these sensors in the forecast period.

Storage segment accounted for largest share of refrigeration monitoring market in 2019

Among applications, the storage accounted for the largest share of the refrigeration monitoring market in 2019. To increase the availability of perishable food products and decrease losses due to wastage, retail and transport companies are deploying cold storage facilities. Rapid growth in the retail sector, such as an increase in the number of supermarkets and quick-service restaurants, is expected to increase demand for these commercial refrigerators. The rise in refrigerated capacity of cold storage in APAC is expected to accelerate the growth of the refrigeration monitoring market in the storage sector.

Food & beverage industry accounted for largest share of refrigeration monitoring market in 2019

Among industries, food & beverages accounted for the largest share of the refrigeration monitoring market in 2019. The quality and durability of food are directly related to the efficient monitoring of the refrigeration unit. With the increase in disposable income of individuals worldwide, the refrigerated foods market is growing at a rapid pace. The growth in this industry is attributed to factors such as government regulations for food safety, a rise in demand for packaged food, and the adoption of refrigeration systems by retail, cold storage, and transport companies to minimize losses.

Refrigeration Monitoring Market

APAC accounted for largest share of refrigeration monitoring market in 2019

APAC accounted for the largest share of the refrigeration monitoring market in 2019, and a similar trend is likely to continue in the near future. The growth in APAC is driven by the rising demand for high-quality food products, increase in online food retail, increased consumer spending on eating out, and government initiatives to improve healthcare in the region. Additionally, advancements in e-commerce, logistics, and warehouse management are contributing to the growth of the APAC market. Governments in various countries are attempting to facilitate improvements in the cold chain service industry through regulations and subsidies.

Key Market Players

Emerson (US), Danfoss (Denmark), Monnit (US), TE Connectivity (Switzerland), Zebra Technologies (Zebra) (US), Texas Instruments (US), ORBCOMM (US), Controlant (Iceland), Samsara (US), and Smart Sense (Digi International) (US) are a few major companies operating in the refrigeration monitoring market. These companies have adopted both organic and inorganic growth strategies such as product launches, agreements, partnerships, collaborations, and acquisitions to strengthen their position in the market.

Scope of the Report:

Report Metric

Details

Market size available for years

2018–2025

Base year

2019

Forecast period

2020–2025

Forecast unit

Value (USD million/billion)

Segments covered

Offering, sensor, application, industry, and region

Geographic regions covered

APAC, North America, Europe, and RoW

Companies covered

Emerson (US), Danfoss (Denmark), Monnit (US), TE Connectivity (Switzerland), Zebra Technologies (Zebra) (US), Texas Instruments (US), ORBCOMM (US), Controlant (Iceland), Samsara (US), Smart Sense (Digi International) (US), Berlinger (Switzerland), Tempmate (Germany), Tek Troniks (UK), Sensaphone (US), Swift Sensors (US), Proges-plus (France), EpiSensor (Ireland), Cargo Data Corporation (US), Vaisala (Finland), and Oceasoft (France)

This report categorizes the refrigeration monitoring market based on offering, sensor, application, industry, and region.

Refrigeration Monitoring Market, by Offering

  • Hardware
  • Software
  • Service

Refrigeration Monitoring Market, by Sensor

  • Temperature Sensors
  • Defrost Sensors
  • Touch Sensors
  • Liquid Level Sensors
  • Gas Detectors
  • Contact Sensors
  • Motion Detectors
  • Pressure Sensors
  • AC Current Meters
  • Water Detection Sensors

Refrigeration Monitoring Market, by Application:

  • Storage
  • Transportation

Refrigeration Monitoring Market, by Industry:

  • Food & Beverages
    •  Retail
    •  Transportation
    •  Warehouse
  • Pharmaceuticals
    •  Retail
    •  Transportation
    •  Warehouse
  • Chemicals
  • Hospitals
  • Residential
  • Others                     

Refrigeration Monitoring Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East
    • Africa
    • South America

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming trends in the refrigeration monitoring market?
  • What are the opportunities of existing players, and for those who are planning to enter various stages of the refrigeration monitoring value chain?
  • How will inorganic growth strategies implemented by key players impact the growth of the refrigeration monitoring market, and who will have the undue advantage?
  • What are the emerging applications of refrigeration monitoring solutions?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Study Objectives
    1.2 Definition
           1.2.1 Inclusions and Exclusions
    1.3 Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach to Capture Market Size By Bottom-Up Analysis(Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach to Capture Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Growth Opportunities in Refrigeration Monitoring Market
    4.2 Market, By Offering
    4.3 Market, By Country
    4.4 Market, By Industry and APAC Country

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth in Food Retail Sector
                    5.2.1.2 Stringent Regulatory Reforms Across North America and Europe
                    5.2.1.3 Increasing Requirement of Temperature-Sensitive Drugs
                    5.2.1.4 Increasing Focus on Food Wastage Reduction
           5.2.2 Restraints
                    5.2.2.1 High Installation Cost
           5.2.3 Opportunities
                    5.2.3.1 Growing Trend of Online Grocery Shopping
                    5.2.3.2 Phasing Out of Fluorinated Refrigerants, Which Boosts Retrofit Market
           5.2.4 Challenges
                    5.2.4.1 Complexities Involved in Installation of Refrigeration Monitoring Solutions in Cold Chains
    5.3 Value Chain Analysis
    5.4 Key Industry Trends

6 Refrigeration Monitoring Market, By Offering (Page No. - 52)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Sensors and Networking Devices to Hold the Largest Share of the Market
    6.3 Software
           6.3.1 Software Market to Grow at the Highest Rate Due to the Increasing Applications of Analytical and Predictive Tools
    6.4 Service
           6.4.1 Service Market is Expected to Grow Due to the Need for Regular Maintenance of Refrigeration Units

7 Refrigeration Monitoring Market, By Sensor (Page No. - 60)
    7.1 Introduction
    7.2 Temperature Sensors
           7.2.1 Temperature Sensors are Most Widely Used in Food & Beverages and Pharmaceuticals
    7.3 Defrost Sensors
           7.3.1 Defrost Sensors Help Save Energy Costs Due to Overheating, Thus Driving the Market
    7.4 Touch Sensors
           7.4.1 Touch Sensors Market to Grow Rapidly in Cold Storage and Residential Sector
    7.5 Liquid Level Sensors
           7.5.1 Liquid Level Sensors are Widely Used to Monitor the Level of Refrigerant in Refrigeration Systems
    7.6 Gas Detectors
           7.6.1 Gas Detectors Find Application in Food & Beverages and Pharmaceuticals to Detect Leakage of Methane, Ammonia, Or Hydrogen
    7.7 Contact Sensors
           7.7.1 Contact Sensors are Used in Almost All Cold Refrigeration Units to Monitor the Door
    7.8 Motion Detectors
           7.8.1 Motion Detectors are Widely Used in the Retail Industry
    7.9 Pressure Sensors
           7.9.1 Pressure Sensors are Used to Detect Refrigerant Leakage and Prevent Overheating of the Compressor
    7.1 AC Current Sensors
           7.10.1 AC Current Sensors Help Measure Current Fluctuations
    7.11 Water Detection Sensors
           7.11.1 Water Detection Sensors Such as Water Detection Ropes are Widely Used in Cold Storage Units

8 Market, By Application (Page No. - 69)
    8.1 Introduction
    8.2 Storage
           8.2.1 Growth in Cold Storage Capacity in APAC Expected to Drive the Market During the Forecast Period
    8.3 Transportation
           8.3.1 Refrigeration Monitoring is Important to Minimize Losses Due to Temperature Variations in Transit

9 Market, By Industry (Page No. - 76)
    9.1 Introduction
    9.2 Food & Beverages
           9.2.1 Retail
                    9.2.1.1 Open-Shelf Refrigerators, Closed Cabinets, Display Cabinets, and Walk-In Refrigerators are the Key Units Contributing to the Market
           9.2.2 Transportation
                    9.2.2.1 Deployment of Monitoring Solutions in Reefers and Refrigerated Containers Drives the Growth of the Market
           9.2.3 Warehouses
                    9.2.3.1 Increasing Capacity of Cold Storage Warehouses Boosts the Market
    9.3 Pharmaceuticals
           9.3.1 Retail
                    9.3.1.1 Adoption of Inventory Management Solutions to Monitor Inventory of Temperature-Sensitive Drugs and Vaccines Contributes to Market
           9.3.2 Transportation
                    9.3.2.1 Compliance Regulations to Transfer Temperature-Sensitive Drugs Through Refrigerated Vehicles Fuels Growth of Market
           9.3.3 Warehouse
                    9.3.3.1 Temperature-Controlled Warehouses Play A Key Role in the Storage of Temperature-Sensitive Products
    9.4 Chemicals
           9.4.1 Refrigeration Monitoring is Essential in Chemicals Industry to Prevent Contamination of Volatile Chemicals
    9.5 Hospitals
           9.5.1 Refrigeration Monitoring is Essential in Hospitals to Store Specimens Such as Blood Samples, Vaccines, and Specialty Drugs
    9.6 Residential
           9.6.1 Increase in Spending Power Boosts the Sale of Smart Refrigerators, Contributing to Growth of Market
    9.7 Others
           9.7.1 Leisure and Hospitality are Key Contributors to the Growth of the Market

10 Refrigeration Monitoring Market, By Region (Page No. - 105)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US Expected to Lead Market in North America
             10.2.2 Canada
                        10.2.2.1 Emphasis on Health and Sustainability is Expected to Drive the Market in Canada
             10.2.3 Mexico
                        10.2.3.1 Government Regulations to Increase Demand for Refrigeration Monitoring in Mexico
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Growing Pharmaceutical Industry and Innovation in the Transportation Sector Boost Demand for Refrigeration Monitoring in Germany
             10.3.2 UK
                        10.3.2.1 Increasing Investment in R&D By Government Drives the Market in the UK
             10.3.3 France
                        10.3.3.1 Strong Export Base of Agro-Food Sector Drives Market Growth in France
             10.3.4 Rest of Europe
                        10.3.4.1 Growth in the Logistics Sector Spain, Russia, and the Netherlands to Drive the Market
     10.4 APAC
             10.4.1 China
                        10.4.1.1 Developing Consumer Class With High Purchasing Power Drives Market
             10.4.2 Japan
                        10.4.2.1 Shift Toward Dual-Income Household Increases the Demand for Readymade and Packed Food Products in Japan
             10.4.3 India
                        10.4.3.1 Market to Grow at the Highest Rate in India
             10.4.4 Rest of APAC
                        10.4.4.1 South Korea, Malaysia, and Australia are Key Countries That Boost the Market
     10.5 Rest of the World (RoW)
             10.5.1 Middle East
                        10.5.1.1 Demand for International Cuisine and Organic Food Products From the Tourism Sector Boosts the Market in the UAE
             10.5.2 Africa
                        10.5.2.1 Need for the Preservation of Specialty Drugs to Drive Market in Africa
             10.5.3 South America
                        10.5.3.1 Export of Health and Wellness Foods Drives the Market in South America

11 Competitive Landscape (Page No. - 125)
     11.1 Overview
     11.2 Key Players in Refrigeration Monitoring Market
     11.3 Competitive Leadership Mapping
             11.3.1 Visionary Leaders
             11.3.2 Dynamic Differentiators
             11.3.3 Innovators
             11.3.4 Emerging Companies
     11.4 Competitive Benchmarking
             11.4.1 Strength of Product Portfolio (25 Companies)
             11.4.2 Business Strategy Excellence (25 Companies)
     11.5 Competitive Scenario
             11.5.1 Product Launches & Developments
             11.5.2 Partnerships, Collaborations, and Agreements
             11.5.3 Mergers & Acquisitions and Expansions

12 Company Profiles (Page No. - 135)
(Business Overview, Products & Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Introduction
     12.2 Key Players
             12.2.1 Emerson
             12.2.2 Danfoss
             12.2.3 TE Connectivity
             12.2.4 Texas Instruments
             12.2.5 Monnit
             12.2.6 Zebra
             12.2.7 Orbcomm
             12.2.8 ContRoLAnt
             12.2.9 Samsara
             12.2.10 Smartsense (Digi International)
     12.3 Other Companies
             12.3.1 Berlinger
             12.3.2 Tempmate (Imec Messtechnik GmbH)
             12.3.3 TEK Troniks
             12.3.4 Sensaphone
             12.3.5 Swift Sensors
             12.3.6 Proges-Plus
             12.3.7 Episensor
             12.3.8 Cargo Data Corporation
             12.3.9 Vaisala
             12.3.10 Oceasoft

*Details on Business Overview, Products & Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 167)
     13.1 Insights of Industry Experts
     13.2 Questionnaire for Refrigeration Monitoring Market
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Report
     13.6 Author Details


List of Tables (107 Tables)

Table 1 Refrigeration Monitoring Market, By Offering, 2018–2025 (USD Million)
Table 2 Refrigeration Monitoring Hardware Market, By Type, 2018–2025 (USD Million)
Table 3 Refrigeration Monitoring Hardware Market, By Application, 2018–2025 (USD Billion)
Table 4 Refrigeration Monitoring Hardware Market, By Industry, 2018–2025 (USD Million)
Table 5 Refrigeration Monitoring Hardware Market, By Region, 2018–2025 (USD Million)
Table 6 Refrigeration Monitoring Software Market, By Application, 2018–2025 (USD Million)
Table 7 Refrigeration Monitoring Software Market, By Industry, 2018–2025 (USD Million)
Table 8 Refrigeration Monitoring Software Market, By Region, 2018–2025 (USD Million)
Table 9 Refrigeration Monitoring Services Market, By Application, 2018–2025 (USD Million)
Table 10 Refrigeration Monitoring Services Market, By Industry, 2018–2025 (USD Million)
Table 11 Refrigeration Monitoring Services Market, By Region, 2018–2025 (USD Million)
Table 12 Market, By Sensor, 2018–2025 (USD Million)
Table 13 Market for Temperature Sensors, By Industry, 2018–2025 (USD Million)
Table 14 Market for Defrost Sensors, By Industry, 2018–2025 (USD Million)
Table 15 Market for Touch Sensors, By Industry, 2018–2025 (USD Million)
Table 16 Market for Liquid Level Sensors, By Industry, 2018–2025 (USD Million)
Table 17 Market for Gas Detectors, By Industry, 2018–2025 (USD Million)
Table 18 Market for Contact Sensors, By Industry, 2018–2025 (USD Million)
Table 19 Market for Motion Detectors, By Industry, 2018–2025 (USD Million)
Table 20 Market for Pressure Sensors, By Industry, 2018–2025 (USD Million)
Table 21 Market for AC Current Sensors, By Industry, 2018–2025 (USD Million)
Table 22 Market for Water Detection Sensors, By Industry, 2018–2025 (USD Million)
Table 23 Approximate Number of Refrigeration Units and Cold Storage Capacity in 2018
Table 24 Market, By Application, 2018–2025 (USD Billion)
Table 25 Market for Storage, By Offering, 2018–2025 (USD Million)
Table 26 Market for Storage, By Industry, 2018–2025 (USD Million)
Table 27 Market for Storage, By Sensor, 2018–2025 (USD Million)
Table 28 Market for Storage, By Region, 2018–2025 (USD Million)
Table 29 Market for Transportation, By Offering, 2018–2025 (USD Million)
Table 30 Market for Transportation, By Industry, 2018–2025 (USD Million)
Table 31 Market for Transportation, By Sensor, 2018–2025 (USD Million)
Table 32 Market for Transportation, By Region, 2018–2025 (USD Million)
Table 33 Market, By Industry, 2018–2025 (USD Million)
Table 34 Market for Food & Beverages, By Offering, 2018–2025 (USD Million)
Table 35 Market in Storage for Food & Beverages, By Offering, 2018–2025 (USD Million)
Table 36 Market in Transportation for Food & Beverages, By Offering, 2018–2025 (USD Million)
Table 37 Market for Food & Beverages, By Sensor, 2018–2025 (USD Million)
Table 38 Market in Storage for Food & Beverages, By Sensor, 2018–2025 (USD Million)
Table 39 Market in Transportation for Food & Beverages, By Sensor, 2018–2025 (USD Million)
Table 40 Market for Food & Beverages, By Application, 2018–2025 (USD Million)
Table 41 Market for Food & Beverages, By Region, 2018–2025 (USD Million)
Table 42 Market for Food & Beverages, By Subapplication, 2018–2025 (USD Million)
Table 43 Market for Pharmaceuticals, By Offering, 2018–2025 (USD Million)
Table 44 Market in Storage for Pharmaceuticals, By Offering, 2018–2025 (USD Million)
Table 45 Market in Transportation for Pharmaceuticals, By Offering, 2018–2025 (USD Million)
Table 46 Market for Pharmaceuticals, By Sensor, 2018–2025 (USD Million)
Table 47 Market in Storage for Pharmaceuticals, By Sensor, 2018–2025 (USD Million)
Table 48 Market in Transportation for Pharmaceuticals, By Sensor, 2018–2025 (USD Million)
Table 49 Market for Pharmaceuticals, By Application, 2018–2025 (USD Million)
Table 50 Market for Pharmaceuticals, By Region, 2018–2025 (USD Million)
Table 51 Market for Pharmaceuticals, By Subapplication, 2018–2025 (USD Million)
Table 52 Market for Chemicals, By Offering, 2018–2025 (USD Million)
Table 53 Market in Storage for Chemicals, By Offering, 2018–2025 (USD Million)
Table 54 Market in Transportation for Chemicals, By Offering, 2018–2025 (USD Million)
Table 55 Market for Chemicals, By Sensor, 2018–2025 (USD Million)
Table 56 Market in Storage for Chemicals, By Sensor, 2018–2025 (USD Million)
Table 57 Market in Transportation for Chemicals, By Sensor, 2018–2025 (USD Million)
Table 58 Market for Chemicals, By Application, 2018–2025 (USD Million)
Table 59 Market for Chemicals, By Region, 2018–2025 (USD Million)
Table 60 Market for Hospitals, By Offering, 2018–2025 (USD Million)
Table 61 Market in Storage for Hospitals, By Offering, 2018–2025 (USD Million)
Table 62 Market in Transportation for Hospitals, By Offering, 2018–2025 (USD Million)
Table 63 Market for Hospitals, By Sensor, 2018–2025 (USD Million)
Table 64 Market in Storage for Hospitals, By Sensor, 2018–2025 (USD Million)
Table 65 Market in Transportation for Hospitals, By Sensor, 2018–2025 (USD Million)
Table 66 Market for Hospitals, By Application, 2018–2025 (USD Million)
Table 67 Market for Hospitals, By Region, 2018–2025 (USD Million)
Table 68 Market for Residential, By Offering, 2018–2025 (USD Million)
Table 69 Market in Storage for Residential, By Offering, 2018–2025 (USD Million)
Table 70 Market in Transportation for Residential, By Offering, 2018–2025 (USD Million)
Table 71 Market for Residential, By Sensor, 2018–2025 (USD Million)
Table 72 Market in Storage for Residential, By Sensor, 2018–2025 (USD Million)
Table 73 Market in Transportation for Residential, By Sensor, 2018–2025 (USD Million)
Table 74 Market for Residential, By Location, 2018–2025 (USD Million)
Table 75 Market for Residential, By Region, 2018–2025 (USD Million)
Table 76 Market for Other Industries, By Offering, 2018–2025 (USD Million)
Table 77 Market in Storage for Other Industries, By Offering, 2018–2025 (USD Million)
Table 78 Market in Transportation for Other Industries, By Offering, 2018–2025 (USD Million)
Table 79 Market for Other Industries, By Sensor, 2018–2025 (USD Million)
Table 80 Market in Storage for Other Industries, By Sensor, 2018–2025 (USD Million)
Table 81 Market in Transportation for Other Industries, By Sensor, 2018–2025 (USD Billion)
Table 82 Market for Other Industries, By Location, 2018–2025 (USD Million)
Table 83 Market for Other Industries, By Region, 2018–2025 (USD Million)
Table 84 Refrigeration Monitoring Market, By Region, 2018–2025 (USD Million)
Table 85 Market in North America, By Offering, 2018–2025 (USD Million)
Table 86 Refrigeration Monitoring Hardware Market in North America, By Type, 2018–2025 (USD Million)
Table 87 Market in North America, By Application, 2018–2025 (USD Million)
Table 88 Market in North America, By Industry, 2018–2025 (USD Million)
Table 89 Market in North America, By Country, 2018–2025 (USD Million)
Table 90 Market in Europe, By Offering, 2018–2025 (USD Million)
Table 91 Refrigeration Monitoring Hardware Market in Europe, By Type, 2018–2025 (USD Million)
Table 92 Market in Europe, By Application, 2018–2025 (USD Million)
Table 93 Market in Europe, By Industry, 2018–2025 (USD Million)
Table 94 Market in Europe, By Country, 2018–2025 (USD Million)
Table 95 Market in APAC, By Offering, 2018–2025 (USD Million)
Table 96 Refrigeration Monitoring Hardware Market in APAC, By Type, 2018–2025 (USD Million)
Table 97 Market in APAC, By Application, 2018–2025 (USD Million)
Table 98 Market in APAC, By Industry, 2018–2025 (USD Million)
Table 99 Market in APAC, By Country, 2018–2025 (USD Million)
Table 100 Market in RoW, By Offering, 2018–2025 (USD Million)
Table 101 Refrigeration Monitoring Hardware Market in RoW, By Type, 2018–2025 (USD Million)
Table 102 Market in RoW, By Application, 2018–2025 (USD Million)
Table 103 Market in RoW, By Industry, 2018–2025 (USD Million)
Table 104 Market in RoW, By Country, 2018–2025 (USD Million)
Table 105 Top 10 Product Launches & Developments, January 2016–December 2019
Table 106 Top 10 Partnerships, Collaborations, and Agreements, January 2016– December 2019
Table 107 Mergers & Acquisitions and Expansions, January 2016– December 2019


List of Figures (49 Figures)

Figure 1 Refrigeration Monitoring Market: Research Design
Figure 2 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue of Products of the Refrigeration Monitoring Component Market Size
Figure 3 Market Size Estimation Methodology: Approach 2 Bottom-Up (Supply Side): Illustration of Company Refrigeration Monitoring Component Revenue Estimation
Figure 4 Market Size Estimation Methodology: Approach 4 – Bottom-Up Market Estimation for Refrigeration Monitoring, By Sensor
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Software Segment Expected to Grow at Highest CAGR During Forecast Period
Figure 9 Temperature Sensors to Grow at Highest Rate in Market During Forecast Period
Figure 10 Transportation Segment to Dominate the Market During the Forecast Period
Figure 11 Food & Beverages Expected to Witness Highest Growth Between 2020 and 2025
Figure 12 APAC to Hold Largest Market Share in 2019
Figure 13 Increasing Demand for High-Quality Packed Food Products to Spur Market Growth During Forecast Period
Figure 14 Hardware to Account for Largest Share of Market Till 2025
Figure 15 India to Record Highest CAGR in Overall Market During Forecast Period
Figure 16 Food & Beverages and China Likely to Be Largest Shareholders in Overall APAC Market in 2025
Figure 17 Market Dynamics
Figure 18 Growth in Number of Convenience Stores in the US, 2010–2018
Figure 19 Market Drivers and Their Impact
Figure 20 Market Restraints and Their Impact
Figure 21 US: Online Share of Total Grocery Spending
Figure 22 Phase-Down of F-Gas Containing Substances From 2015 to 2030
Figure 23 Market Opportunities and Their Impact
Figure 24 Market Challenges and Their Impact
Figure 25 Value Chain Analysis of Market
Figure 26 Digital Transformation in Refrigeration Monitoring is the Key Trend for Market Growth
Figure 27 Market for Software to Grow at Highest CAGR During Forecast Period
Figure 28 Market for Temperature Sensors to Grow at Highest CAGR During Forecast Period
Figure 29 Storage to Account for Largest Share of Market
Figure 30 Food & Beverages to Account for Largest Share of Market Among All Industries (2020-2025)
Figure 31 Storage to Account for Largest Share of Market in Food & Beverages
Figure 32 Storage to Dominate the Market for Pharmaceuticals (2020-2025)
Figure 33 Storage to Account for Largest Share of Market in Chemicals (2020-2025)
Figure 34 Storage to Lead the Market in Hospitals (2020-2025)
Figure 35 Storage to Account for Largest Share of Market in Residential (2020-2025)
Figure 36 Storage to Hold the Largest Share of Market in Other Industries (2020-2025)
Figure 37 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 38 North America: Refrigeration Monitoring Market Snapshot
Figure 39 Europe: Market Snapshot
Figure 40 APAC: Market Snapshot
Figure 41 Companies Adopted Product Launches & Developments as Key Growth Strategy From January 2016 to December 2019
Figure 42 Refrigeration Monitoring Market: Company Ranking Analysis (2019)
Figure 43 Market Competitive Leadership Mapping, 2019
Figure 44 Emerson: Company Snapshot
Figure 45 Danfoss: Company Snapshot
Figure 46 TE Connectivity: Company Snapshot
Figure 47 Texas Instruments: Company Snapshot
Figure 48 Zebra: Company Snapshot
Figure 49 Orbcomm: Company Snapshot

This study involved 4 major activities to estimate the size of the refrigeration monitoring market. Exhaustive secondary research was carried out to collect information relevant to the market, the peer market, and the parent market. Primary research was  undertaken to validate these findings, assumptions, and sizing with industry experts across the value chain of the refrigeration monitoring. Both, the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology used to estimate and forecast the size of the refrigeration monitoring market began with capturing data related to the revenue of key vendors in the market through secondary research. This study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information for a technical, market-oriented, and commercial study of the refrigeration monitoring market. Vendor offerings were taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors, directories, and databases.

Primary Research

The refrigeration monitoring market comprises several stakeholders, such as suppliers of standard components, equipment manufacturers, and original equipment manufacturers (OEMs). The demand side of this market includes sensor, refrigerator, software, and service companies. The supply side is characterized by advancements carried out in refrigeration systems and cold chain using different techniques and their diverse applications. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Refrigeration Monitoring Market

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Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the refrigeration monitoring market and its segments. The research methodology used to estimate the market size included the following:

  • Key players in the market were identified through extensive secondary research.
  • The supply chain of the manufacturing industry and the size of the refrigeration monitoring market, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both, the demand and supply sides of the refrigeration monitoring market.

Research Objectives

  • To describe, segment, and forecast the overall size of the refrigeration monitoring market, by offering, sensor, application , industry, and region
  • To describe and forecast the market size for various segments with regard to 4 main regions—Asia Pacific (APAC), North America, and Europe, and Rest of the World (RoW)
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To describe the refrigeration monitoring value chain in brief
  • To analyze competitive developments such as product launches and developments, agreements, partnerships, acquisitions, expansions, and research & development (R&D) activities in the market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Market size by different subsegments of the market

Critical Questions

  • What are new application areas being explored by the providers of the refrigeration monitoring solution?
  • Who are the key players in the refrigeration monitoring market, and how intense is the competition in this market?
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Report Code
SE 7574
Published ON
Mar, 2020
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