The global cold chain monitoring market was valued at USD 4.7 billion in 2021 and is projected to reach USD 10.2 billion by 2026; it is expected to grow at a CAGR of 16.6% from 2021 to 2026. Increasing demand for cold chain monitoring products in pharmaceuticals & healthcare and food & beverages industry to drive the market.
A cold chain is a supply chain for the storage, transportation, and preservation of foods, beverages, pharmaceuticals, and chemicals that must be kept at a specific temperature or within an acceptable temperature range during all stages from production to consumption. Cold chain monitoring solutions include hardware and software components used for the monitoring of environmental parameters such as temperature and humidity. The hardware components used are sensors, data loggers, data transmitters, telematics & telemetry devices, and data acquisition systems and analytics. The products, solutions, and services used for cold chain monitoring activities have been covered in the scope of this report.
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A few key cold chain monitoring market players are ORBCOMM (US), Sensitech (US), Berlinger & Co. (Switzerland), Monnit (US), Elpro-Buchs (Switzerland), and Controlant (Iceland).
ORBCOMM offers industrial Internet of things (IoT) and Machine to Machine communication solutions, hardware devices as web applications, and modems and data services over multiple satellite and cellular networks that are useful in tracking, monitoring, and connecting businesses to their assets to deliver operational productivity and increased visibility. ORBCOMM has a diverse customer base including premier OEMs, solutions customers, and channel partners spanning supply chain, transportation, warehousing and inventory, maritime, heavy equipment, natural resources, and government.
ORBCOMM is a global company, with authorizations in over 120 countries and territories and sales representation in over 20 countries around the world. Its networks, applications and devices are engineered to provide complete global coverage for remote asset management.
As a leader in the global refrigerated transportation market, some of the biggest companies trust ORBCOMM for complete end-to-end solutions for two-way wireless tracking and monitoring of reefers, containers, and other assets involved in the cold chain, whether on rail, sea or land, and complete protection for refrigerated cargo and optimized utilization. The cold chain monitoring products that are supplied by the company include temperature sensors, door sensors, cargo sensors, monitoring systems, and temperature recorders.
Sensitech Inc. has been assisting leading companies in food, life science, and consumer goods industries to maintain the quality, integrity, and security of their products globally. The company is specialized in innovative IoT monitoring products and services providing cold chain, cargo security, and logistics solutions that help organizations attain increased supply chain efficiency and business growth. Its wide-ranging location, time, temperature, and environmental monitors can perform well in the harshest conditions, and provide industry-specified proficiency to its customers. Since 1990, Sensitech Inc. has been monitoring approximately 16 million shipments annually over 130 countries with 11 production facilities over 3 continents.
Sensitech Inc. is an ISO 9001:2015 company based in Beverly, Massachusetts that provides complete cold chain monitoring solutions to track and monitor temperature-sensitive products from the start to the end of the cold chain. The entire cold chain is automated via Radio Frequency (RF)-enabled instruments and Radio Frequency Identification(RFID) that distinguish Sensitech Inc. in the market. The company offers hardware and software specialized for the same purposes. It operates globally through its two subsidiaries - Sensitech EMEA B.V and Sensitech Europe B.V.
In July 2006, Carrier, the leading provider of air conditioning, refrigeration, and heating, headquartered in Connecticut, US, acquired all business rights of Sensitech Inc.
Cold Chain Monitoring Market with COVID-19 Impact by Offering (Hardware and Software), Logistics (Storage and Transportation), Application (Pharmaceuticals & Healthcare, Chemicals), Temperature, and Region - Global Forecast to 2026
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