Cold Chain Monitoring Market Report Scope & Overview:
The Cold Chain Monitoring Market Size was valued at USD 6.05 billion in 2023, and expected to reach USD 20.55 billion by 2031, and grow at a CAGR of 16.5% over the forecast period 2024-2031.
This is where cold chain monitoring comes in a system that safeguards product integrity and quality. Specialized control tools and sensors are installed within cold storage areas. These systems maintain a consistent, optimal temperature environment. This prevents any changes in potency, taste, or overall quality that could occur if temperatures fluctuate during shipping. For medications, vaccines, and other pharmaceutical ingredients, maintaining a precise temperature is critical. Deviations from the recommended range can compromise their effectiveness. By continuously tracking temperature throughout the cold chain, we ensure medicines remain safe and effective for patients. Effective monitoring has been proven to lengthen the shelf life of pharmaceuticals, reducing waste and ensuring availability.
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Drivers
Minimizing food spoilage aligns with growing concerns about sustainability and resource utilization.
Growth in Emerging Markets for Pharmaceuticals for Cold Chain Monitoring Market
The a growing need for innovative packaging solutions that can maintain optimal temperatures and ensure product quality. The trend towards healthier eating habits further fuels this demand. Organic food, often lacking preservatives, has a shorter shelf life and requires stricter temperature control. Additionally, improper temperature management during transportation leads to significant food spoilage. To combat these challenges, organizations are ramping up investments in temperature-sensitive packaging and smart technologies. These intelligent units maintain precise temperature and humidity levels, extending the freshness of food products.
Restraint:
High equipment costs drives adoption in developing nations
Developing countries like South Africa, Brazil, and Mexico face a significant challenge in adopting advanced cold chain monitoring solutions. These regions lack widespread access to the latest equipment and solutions like IoT sensors and cloud software. This scarcity drives up the cost of these technologies for those who can access them. The absence of advanced component manufacturing capabilities forces companies to import crucial components like sensors and temperature probes. This reliance on imports inflates the overall price of monitoring equipment. High equipment costs create a barrier for small and medium-sized cold chain logistics and warehouse operators. This restricts their ability to leverage the benefits of advanced technology and hinders market expansion.
Opportunities
Automation and Cold Storage for Optimal Asset Control in warehouse
Large warehouses have various temperature zones for different products. Here's where continuous temperature monitoring comes in. By keeping a constant eye on these zones, warehouse operators can ensure optimal storage conditions and safeguard the integrity of their goods. Unleashing the power of automation lets you achieve complete control over valuable equipment. Imagine robots diligently handling inter-warehouse stock movements, loading, and unloading tasks. This translates to several benefits. Automated systems utilize storage space more efficiently, leaving less room for clutter and maximizing your warehouse's potential.
Challenges
Overcoming the installation and monitoring to setup and management
Customer expectations have increased in recent years due to globalization expanded product choices and introduced complex multi-source supply chains. This complexity demands robust cold chain monitoring to ensure consistent quality and freshness. Cold chain networks encompass a vast geographical area, stretching from manufacturing plants and storage facilities to diverse transportation methods and final destinations like retailers and restaurants. Equipping all these locations with sensors can be a monumental task. Efficiently managing the vast amount of data generated by these sensors across the distributed network is essential for gleaning actionable insights. Mapping this network to effectively analyze and utilize the data can be a significant challenge.
The impact of the conflict between Russia and Ukraine has disturbed the global economy and the cold chain monitoring market, impacting the transportation of goods, including temperature-sensitive items. This could lead to increased demand for cold chain monitoring solutions to ensure product integrity during longer or more unpredictable journeys. The war has caused a surge in energy prices, which can affect the operational costs of cold chain monitoring systems. Additionally, disruptions in raw material supply chains could raise the prices of monitoring hardware and components.
The Impact of the economic downturn slowdown the cold chain monitoring market many businesses facing tighter budgets might delay or scale back investments in new cold chain monitoring solutions. This could lead to slower market growth, especially for advanced technologies with higher upfront costs. companies might prioritize investments in core operations over peripheral functions like monitoring. This could lead to a shift towards simpler, lower-cost monitoring solutions. It might be challenging to see a consolidation within the cold chain monitoring industry. Smaller players might struggle and be acquired by larger companies, potentially leading to reduced competition and innovation.
By Component
Hardware
Software
The Hardware sub-segment dominates in the cold chain market, capturing a massive 78.6% revenue share in 2023 by component, This segment encompasses various devices like sensors, RFID tags, telematics devices, and networking equipment. These workhorses gather crucial data such as temperature and location of products within the cold chain. Armed with this real-time information, businesses can make informed decisions to optimize cold chain operations. Companies like Samsara Inc. and Laird Connectivity are leading players in this space, offering cutting-edge hardware solutions for cold chain monitoring. The increasing need to ensure the integrity of temperature-sensitive products is a key factor propelling the growth of this hardware segment.
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By Temperature Type
Frozen
Chilled
By Logistic
Transportation
Warehousing
By Application
Food & beverages
Pharmaceuticals
Chemicals
Others
The food & beverages sub-segment leading the market and held over a 75.3% revenue share in 2023, The cold chain monitoring market can be segmented by application. Consumers' growing appetite for convenient, processed food options creates a significant demand for robust cold chain monitoring solutions. Changing consumer preferences towards fresh, high-quality food items necessitate real-time tracking and data collection to ensure these products reach consumers in optimal condition.
The North America stands tall as the global leader in cold chain monitoring, capturing a commanding revenue share of over 37.5% in 2023. The region boasts a well-developed technological foundation, creating a fertile ground for the adoption and integration of cold chain monitoring solutions. North America is home to prominent players in the cold chain monitoring game, like U.S.-based ORBCOMM and Canada's Geotab Inc. These companies contribute significantly to the market's growth. The region is a hotbed for research and development (R&D) activities in cutting-edge technologies like Artificial Intelligence (AI), robotics, and the Internet of Things (IoT). This focus on innovation fosters the creation of advanced and groundbreaking cold chain monitoring solutions.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players listed in the Cold Chain Monitoring Market are ORBCOMM (US), Sensitech (US), Elpro-buchs (Switzerland), Berlinger & Co. (Switzerland), Monnit (US), Controlant (Iceland), Lineage Logistics Holding, Tagbox, DAIKIN Industries, Savi Technology, Safetraces, FreshSurety and other key players.
Emergent Cold Latin America made a strategic move by acquiring Frimosa's cold storage business in Montevideo, Uruguay. They wasted no time announcing plans for a significant expansion. The company will be developing a 17,000-pallet addition to the recently acquired facility in Polo Oeste, with an expected completion date of mid-2024.
In February 2023: Danfoss and Lizard Monitoring joined forces to combat food spoilage in North America. Lizard's sensors work with Danfoss' system for continuous temperature tracking, giving store managers valuable data to minimize food waste.
In June 2023: Orbcomm expanded its UK network with Refrigerated Trailer Services (RTS). As a leading provider of used refrigerated trailers, RTS will offer Orbcomm's temperature dataloggers for real-time monitoring and cold chain compliance in the transport, pharmaceutical, and food industries.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.05 Billion |
| Market Size by 2031 | US$ 20.55 Billion |
| CAGR | CAGR of 16.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Software) • By Temperature Type (Frozen, Chilled) • By Logistics (Transportation, Warehousing) • By Application (Beverages And Foods, Pharmaceuticals, Chemicals, Others) |
| Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America |
| Company Profiles | Sensitech, Monnit, Infratab, NXP Semiconductors N.V, Controlant, ORBCOMM, Elpro-Buchs, Berlinger, NEC Corp, Zest Labs, Klinge Corporation, Verigo, Nimble Wireless, SecureRF Corporation, Savi Technology, Lineage Logistics Holding, Tagbox, DAIKIN Industries, Safetraces, FreshSurety and other key players. |
| DRIVERS | • Increased accessibility is driving up demand for generic drugs. • Global demand for temperature-sensitive drugs is increasing. • Rising demand for higher food quality, as well as the need to reduce food waste |
| Restraints | • Rising concerns about greenhouse gas emissions. • High implementation costs. |
Ans. The projected market size for the Cold Chain Monitoring Market is USD 20.55 Billion by 2031.
The market has been segmented with respect to components, temperature type, logistics and application.
Cold chain monitoring market had a positive impact such as awareness about packaged food and better cold chain monitoring equipment due to COVID-19 epidemic.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8.Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Cold Chain Monitoring Market Segmentation, By Component
10.1 Introduction
10.2 Trend Analysis
10.3 Hardware
10.4 Software
11. Cold Chain Monitoring Market Segmentation, By Temperature Type
11.1 Introduction
11.2 Trend Analysis
11.3 Frozen
11.4 Chilled
12. Cold Chain Monitoring Market Segmentation, By Logistic
12.1 Introduction
12.2 Trend Analysis
12.3 Transportation
12.4 Warehouse
13. Cold Chain Monitoring Market Segmentation, By Application
13.1 Introduction
13.2 Trend Analysis
13.3 Beverages and Foods
13. 4 Pharmaceuticals
13.5 Chemicals
13.6 Others
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America Cold Chain Monitoring Market by Country
14.2.3 North America Cold Chain Monitoring Market By Component
14.2.4 North America Cold Chain Monitoring Market By Temperature Type
14.2.5 North America Cold Chain Monitoring Market By Logistic
14.2.6 North America Cold Chain Monitoring Market By Application
14.2.7 USA
14.2.7.1 USA Cold Chain Monitoring Market By Component
14.2.7.2 USA Cold Chain Monitoring Market By Temperature Type
14.2.7.3 USA Cold Chain Monitoring Market By Logistic
14.2.7.4 USA Cold Chain Monitoring Market By Application
14.2.8 Canada
14.2.8.1 Canada Cold Chain Monitoring Market By Component
14.2.8.2 Canada Cold Chain Monitoring Market By Temperature Type
14.2.8.3 Canada Cold Chain Monitoring Market By Logistic
14.2.8.4 Canada Cold Chain Monitoring Market By Application
14.2.9 Mexico
14.2.9.1 Mexico Cold Chain Monitoring Market By Component
14.2.9.2 Mexico Cold Chain Monitoring Market By Temperature Type
14.2.9.3 Mexico Cold Chain Monitoring Market By Logistic
14.2.9.4 Mexico Cold Chain Monitoring Market By Application
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe Cold Chain Monitoring Market by Country
14.3.2.2 Eastern Europe Cold Chain Monitoring Market By Component
14.3.2.3 Eastern Europe Cold Chain Monitoring Market By Temperature Type
14.3.2.4 Eastern Europe Cold Chain Monitoring Market By Logistic
14.3.2.5 Eastern Europe Cold Chain Monitoring Market By Application
14.3.2.6 Poland
14.3.2.6.1 Poland Cold Chain Monitoring Market By Component
14.3.2.6.2 Poland Cold Chain Monitoring Market By Temperature Type
14.3.2.6.3 Poland Cold Chain Monitoring Market By Logistic
14.3.2.6.4 Poland Cold Chain Monitoring Market By Application
14.3.2.7 Romania
14.3.2.7.1 Romania Cold Chain Monitoring Market By Component
14.3.2.7.2 Romania Cold Chain Monitoring Market By Temperature Type
14.3.2.7.3 Romania Cold Chain Monitoring Market By Logistic
14.3.2.7.4 Romania Cold Chain Monitoring Market By Application
14.3.2.8 Hungary
14.3.2.8.1 Hungary Cold Chain Monitoring Market By Component
14.3.2.8.2 Hungary Cold Chain Monitoring Market By Temperature Type
14.3.2.8.3 Hungary Cold Chain Monitoring Market By Logistic
14.3.2.8.4 Hungary Cold Chain Monitoring Market By Application
14.3.2.9 Turkey
14.3.2.9.1 Turkey Cold Chain Monitoring Market By Component
14.3.2.9.2 Turkey Cold Chain Monitoring Market By Temperature Type
14.3.2.9.3 Turkey Cold Chain Monitoring Market By Logistic
14.3.2.9.4 Turkey Cold Chain Monitoring Market By Application
14.3.2.10 Rest of Eastern Europe
14.3.2.10.1 Rest of Eastern Europe Cold Chain Monitoring Market By Component
14.3.2.10.2 Rest of Eastern Europe Cold Chain Monitoring Market By Temperature Type
14.3.2.10.3 Rest of Eastern Europe Cold Chain Monitoring Market By Logistic
14.3.2.10.4 Rest of Eastern Europe Cold Chain Monitoring Market By Application
14.3.3 Western Europe
14.3.3.1 Western Europe Cold Chain Monitoring Market by Country
14.3.3.2 Western Europe Cold Chain Monitoring Market By Component
14.3.3.3 Western Europe Cold Chain Monitoring Market By Temperature Type
14.3.3.4 Western Europe Cold Chain Monitoring Market By Logistic
14.3.3.5 Western Europe Cold Chain Monitoring Market By Application
14.3.3.6 Germany
14.3.3.6.1 Germany Cold Chain Monitoring Market By Component
14.3.3.6.2 Germany Cold Chain Monitoring Market By Temperature Type
14.3.3.6.3 Germany Cold Chain Monitoring Market By Logistic
14.3.3.6.4 Germany Cold Chain Monitoring Market By Application
14.3.3.7 France
14.3.3.7.1 France Cold Chain Monitoring Market By Component
14.3.3.7.2 France Cold Chain Monitoring Market By Temperature Type
14.3.3.7.3 France Cold Chain Monitoring Market By Logistic
14.3.3.7.4 France Cold Chain Monitoring Market By Application
14.3.3.8 UK
14.3.3.8.1 UK Cold Chain Monitoring Market By Component
14.3.3.8.2 UK Cold Chain Monitoring Market By Temperature Type
14.3.3.8.3 UK Cold Chain Monitoring Market By Logistic
14.3.3.8.4 UK Cold Chain Monitoring Market By Application
14.3.3.9 Italy
14.3.3.9.1 Italy Cold Chain Monitoring Market By Component
14.3.3.9.2 Italy Cold Chain Monitoring Market By Temperature Type
14.3.3.9.3 Italy Cold Chain Monitoring Market By Logistic
14.3.3.9.4 Italy Cold Chain Monitoring Market By Application
14.3.3.10 Spain
14.3.3.10.1 Spain Cold Chain Monitoring Market By Component
14.3.3.10.2 Spain Cold Chain Monitoring Market By Temperature Type
14.3.3.10.3 Spain Cold Chain Monitoring Market By Logistic
14.3.3.10.4 Spain Cold Chain Monitoring Market By Application
14.3.3.11 Netherlands
14.3.3.11.1 Netherlands Cold Chain Monitoring Market By Component
14.3.3.11.2 Netherlands Cold Chain Monitoring Market By Temperature Type
14.3.3.11.3 Netherlands Cold Chain Monitoring Market By Logistic
14.3.3.11.4 Netherlands Cold Chain Monitoring Market By Application
14.3.3.12 Switzerland
14.3.3.12.1 Switzerland Cold Chain Monitoring Market By Component
14.3.3.12.2 Switzerland Cold Chain Monitoring Market By Temperature Type
14.3.3.12.3 Switzerland Cold Chain Monitoring Market By Logistic
14.3.3.12.4 Switzerland Cold Chain Monitoring Market By Application
14.3.3.14 Austria
14.3.3.14.1 Austria Cold Chain Monitoring Market By Component
14.3.3.14.2 Austria Cold Chain Monitoring Market By Temperature Type
14.3.3.14.3 Austria Cold Chain Monitoring Market By Logistic
14.3.3.14.4 Austria Cold Chain Monitoring Market By Application
14.3.3.14 Rest of Western Europe
14.3.3.14.1 Rest of Western Europe Cold Chain Monitoring Market By Component
14.3.3.14.2 Rest of Western Europe Cold Chain Monitoring Market By Temperature Type
14.3.3.14.3 Rest of Western Europe Cold Chain Monitoring Market By Logistic
14.3.3.14.4 Rest of Western Europe Cold Chain Monitoring Market By Application
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific Cold Chain Monitoring Market by Country
14.4.3 Asia-Pacific Cold Chain Monitoring Market By Component
14.4.4 Asia-Pacific Cold Chain Monitoring Market By Temperature Type
14.4.5 Asia-Pacific Cold Chain Monitoring Market By Logistic
14.4.6 Asia-Pacific Cold Chain Monitoring Market By Application
14.4.7 China
14.4.7.1 China Cold Chain Monitoring Market By Component
14.4.7.2 China Cold Chain Monitoring Market By Temperature Type
14.4.7.3 China Cold Chain Monitoring Market By Logistic
14.4.7.4 China Cold Chain Monitoring Market By Application
14.4.8 India
14.4.8.1 India Cold Chain Monitoring Market By Component
14.4.8.2 India Cold Chain Monitoring Market By Temperature Type
14.4.8.3 India Cold Chain Monitoring Market By Logistic
14.4.8.4 India Cold Chain Monitoring Market By Application
14.4.9 Japan
14.4.9.1 Japan Cold Chain Monitoring Market By Component
14.4.9.2 Japan Cold Chain Monitoring Market By Temperature Type
14.4.9.3 Japan Cold Chain Monitoring Market By Logistic
14.4.9.4 Japan Cold Chain Monitoring Market By Application
14.4.10 South Korea
14.4.10.1 South Korea Cold Chain Monitoring Market By Component
14.4.10.2 South Korea Cold Chain Monitoring Market By Temperature Type
14.4.10.3 South Korea Cold Chain Monitoring Market By Logistic
14.4.10.4 South Korea Cold Chain Monitoring Market By Application
14.4.11 Vietnam
14.4.11.1 Vietnam Cold Chain Monitoring Market By Component
14.4.11.2 Vietnam Cold Chain Monitoring Market By Temperature Type
14.4.11.3 Vietnam Cold Chain Monitoring Market By Logistic
14.4.11.4 Vietnam Cold Chain Monitoring Market By Application
14.4.12 Singapore
14.4.12.1 Singapore Cold Chain Monitoring Market By Component
14.4.12.2 Singapore Cold Chain Monitoring Market By Temperature Type
14.4.12.3 Singapore Cold Chain Monitoring Market By Logistic
14.4.12.4 Singapore Cold Chain Monitoring Market By Application
14.4.14 Australia
14.4.14.1 Australia Cold Chain Monitoring Market By Component
14.4.14.2 Australia Cold Chain Monitoring Market By Temperature Type
14.4.14.3 Australia Cold Chain Monitoring Market By Logistic
14.4.14.4 Australia Cold Chain Monitoring Market By Application
14.4.14 Rest of Asia-Pacific
14.4.14.1 Rest of Asia-Pacific Cold Chain Monitoring Market By Component
14.4.14.2 Rest of Asia-Pacific Cold Chain Monitoring Market By Temperature Type
14.4.14.3 Rest of Asia-Pacific Cold Chain Monitoring Market By Logistic
14.4.14.4 Rest of Asia-Pacific Cold Chain Monitoring Market By Application
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East Cold Chain Monitoring Market by Country
14.5.2.2 Middle East Cold Chain Monitoring Market By Component
14.5.2.3 Middle East Cold Chain Monitoring Market By Temperature Type
14.5.2.4 Middle East Cold Chain Monitoring Market By Logistic
14.5.2.5 Middle East Cold Chain Monitoring Market By Application
14.5.2.6 UAE
14.5.2.6.1 UAE Cold Chain Monitoring Market By Component
14.5.2.6.2 UAE Cold Chain Monitoring Market By Temperature Type
14.5.2.6.3 UAE Cold Chain Monitoring Market By Logistic
14.5.2.6.4 UAE Cold Chain Monitoring Market By Application
14.5.2.7 Egypt
14.5.2.7.1 Egypt Cold Chain Monitoring Market By Component
14.5.2.7.2 Egypt Cold Chain Monitoring Market By Temperature Type
14.5.2.7.3 Egypt Cold Chain Monitoring Market By Logistic
14.5.2.7.4 Egypt Cold Chain Monitoring Market By Application
14.5.2.8 Saudi Arabia
14.5.2.8.1 Saudi Arabia Cold Chain Monitoring Market By Component
14.5.2.8.2 Saudi Arabia Cold Chain Monitoring Market By Temperature Type
14.5.2.8.3 Saudi Arabia Cold Chain Monitoring Market By Logistic
14.5.2.8.4 Saudi Arabia Cold Chain Monitoring Market By Application
14.5.2.9 Qatar
14.5.2.9.1 Qatar Cold Chain Monitoring Market By Component
14.5.2.9.2 Qatar Cold Chain Monitoring Market By Temperature Type
14.5.2.9.3 Qatar Cold Chain Monitoring Market By Logistic
14.5.2.9.4 Qatar Cold Chain Monitoring Market By Application
14.5.2.10 Rest of Middle East
14.5.2.10.1 Rest of Middle East Cold Chain Monitoring Market By Component
14.5.2.10.2 Rest of Middle East Cold Chain Monitoring Market By Temperature Type
14.5.2.10.3 Rest of Middle East Cold Chain Monitoring Market By Logistic
14.5.2.10.4 Rest of Middle East Cold Chain Monitoring Market By Application
14.5.3 Africa
14.5.3.1 Africa Cold Chain Monitoring Market by Country
14.5.3.2 Africa Cold Chain Monitoring Market By Component
14.5.3.3 Africa Cold Chain Monitoring Market By Temperature Type
14.5.3.4 Africa Cold Chain Monitoring Market By Logistic
14.5.3.5 Africa Cold Chain Monitoring Market By Application
14.5.3.6 Nigeria
14.5.3.6.1 Nigeria Cold Chain Monitoring Market By Component
14.5.3.6.2 Nigeria Cold Chain Monitoring Market By Temperature Type
14.5.3.6.3 Nigeria Cold Chain Monitoring Market By Logistic
14.5.3.6.4 Nigeria Cold Chain Monitoring Market By Application
14.5.3.7 South Africa
14.5.3.7.1 South Africa Cold Chain Monitoring Market By Component
14.5.3.7.2 South Africa Cold Chain Monitoring Market By Temperature Type
14.5.3.7.3 South Africa Cold Chain Monitoring Market By Logistic
14.5.3.7.4 South Africa Cold Chain Monitoring Market By Application
14.5.3.8 Rest of Africa
14.5.3.8.1 Rest of Africa Cold Chain Monitoring Market By Component
14.5.3.8.2 Rest of Africa Cold Chain Monitoring Market By Temperature Type
14.5.3.8.3 Rest of Africa Cold Chain Monitoring Market By Logistic
14.5.3.8.4 Rest of Africa Cold Chain Monitoring Market By Application
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America Cold Chain Monitoring Market by country
14.6.3 Latin America Cold Chain Monitoring Market By Component
14.6.4 Latin America Cold Chain Monitoring Market By Temperature Type
14.6.5 Latin America Cold Chain Monitoring Market By Logistic
14.6.6 Latin America Cold Chain Monitoring Market By Application
14.6.7 Brazil
14.6.7.1 Brazil Cold Chain Monitoring Market By Component
14.6.7.2 Brazil Cold Chain Monitoring Market By Temperature Type
14.6.7.3 Brazil Cold Chain Monitoring Market By Logistic
14.6.7.4 Brazil Cold Chain Monitoring Market By Application
14.6.8 Argentina
14.6.8.1 Argentina Cold Chain Monitoring Market By Component
14.6.8.2 Argentina Cold Chain Monitoring Market By Temperature Type
14.6.8.3 Argentina Cold Chain Monitoring Market By Logistic
14.6.8.4 Argentina Cold Chain Monitoring Market By Application
14.6.9 Colombia
14.6.9.1 Colombia Cold Chain Monitoring Market By Component
14.6.9.2 Colombia Cold Chain Monitoring Market By Temperature Type
14.6.9.3 Colombia Cold Chain Monitoring Market By Logistic
14.6.9.4 Colombia Cold Chain Monitoring Market By Application
14.6.10 Rest of Latin America
14.6.10.1 Rest of Latin America Cold Chain Monitoring Market By Component
14.6.10.2 Rest of Latin America Cold Chain Monitoring Market By Temperature Type
14.6.10.3 Rest of Latin America Cold Chain Monitoring Market By Logistic
14.6.10.4 Rest of Latin America Cold Chain Monitoring Market By Application
15. Company Profiles
15.1 ORBCOMM (US)
15.1.1 Company Overview
15.1.2 Financial
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Sensitech (US)
15.2.1 Company Overview
15.2.2 Financial
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Elpro-buchs (Switzerland)
15.3.1 Company Overview
15.3.2 Financial
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Berlinger & Co. (Switzerland)
15.4.1 Company Overview
15.4.2 Financial
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Monnit (US)
15.5.1 Company Overview
15.5.2 Financial
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 Controlant (Iceland)
15.6.1 Company Overview
15.6.2 Financial
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Lineage Logistics Holding
15.7.1 Company Overview
15.7.2 Financial
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Tagbox
15.8.1 Company Overview
15.8.2 Financial
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 DAIKIN Industries
15.9.1 Company Overview
15.9.2 Financial
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Safetraces
15.10.1 Company Overview
15.10.2 Financial
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Vanillic Acid Market size was valued at USD 20.35 billion in 2023 and is expected to grow to USD 24.48 billion by 2031 and grow at a CAGR of 2.3% over the forecast period of 2024-2031.
The Construction Chemicals Market Size was worth USD 58.4 billion in 2023 and is expected to grow to USD 107.1 billion by 2032, with a CAGR of 7.0% by 2024-2032
The Mercaptan Market Size was valued at USD 1.79 billion in 2022, and expected to reach USD 2.72 billion by 2030, and grow at a CAGR of 5.4% over the forecast period 2023-2030.
The Hydrogen Fluoride Gas Detection Market Size was valued at USD 783 million in 2023 and is expected to reach USD 1.20 billion by 2031 and grow at a CAGR of 5.5% over the forecast period 2024-2031.
The Thermoplastic Polyolefin (TPO) Market Size was valued at USD 5.11 billion in 2022, and expected to reach USD 8.46 billion by 2030, and grow at a CAGR of 6.5% over the forecast period 2023-2030.
The Offshore Drilling Fluid Market Size was valued at USD 7.83 billion in 2022 and is expected to reach USD 11.05 billion by 2030, and grow at a CAGR of 4.4% over the forecast period 2023-2030
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