Asia Pacific Cold Chain Temperature Monitoring Market Size & Outlook
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- Cold Chain Temperature Monitoring Market Outlook
- Warehousing, Supply Chain & Logistics
Asia Pacific Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
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Asia Pacific cold chain temperature monitoring market highlights
- The Asia Pacific cold chain temperature monitoring market generated a revenue of USD 1,511.5 million in 2020.
- The market is expected to grow at a CAGR of 20.7% from 2021 to 2027.
- In terms of segment, hardware was the largest revenue generating component in 2020.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 1,511.5 million |
| Market revenue in 2027 | USD 5,635.2 million |
| Growth rate | 20.7% (CAGR from 2020 to 2027) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Berlinger & Co AG, ELPRO Global, Spectris PLC, Carrier Global Corp Ordinary Shares, CSafe Global |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 18.9% of the global cold chain temperature monitoring market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,635.2 million by 2027.
Asia Pacific market is driven by the need for efficient back-up power systems. High growth of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial generator sets in the region.
This can also be attributed to the fact that generator sets are used on a large scale in manufacturing facilities for stand-up operations. In India, government initiatives are encouraging industrial establishments in the country, which is anticipated to drive the demand for gas generator sets in industrial applications over the forecast period.
Generator set industry in India is inclined toward diesel as a raw material. However, governmental regulations to curb carbon emissions caused by burning of diesel coupled with shifting focus of the government toward the use of cleaner sources for power generation are expected to drive the demand for natural gas gensets over the forecast period.
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Cold Chain Temperature Monitoring Market Scope
Cold Chain Temperature Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Carrier Global Corp Ordinary Shares | View profile | 53,000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | www.corporate.carrier.com |
| CSafe Global | View profile | 101-250 | Dayton, Ohio, United States, North America | csafeglobal.com |
| Spectris PLC | View profile | 6,979 | 44-46 Aldwych, Melbourne House, 5th Floor, London, United Kingdom, WC2B 4LL | www.spectris.com |
| ELPRO Global | View profile | 51-100 | Buchs, Inner-Rhoden, Switzerland, Europe | www.elpro.com |
| Berlinger & Co AG | View profile | 51-100 | Ganterschwil, Ausser-Rhoden, Switzerland, Europe | www.berlinger.com/ |
Asia Pacific Cold Chain Temperature Monitoring Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Cold Chain Temperature Monitoring Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 82.55% in 2020.
Horizon Databook has segmented the Asia Pacific cold chain temperature monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2027.
Asia Pacific market is driven by the need for efficient back-up power systems. High growth of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial generator sets in the region.
This can also be attributed to the fact that generator sets are used on a large scale in manufacturing facilities for stand-up operations. In India, government initiatives are encouraging industrial establishments in the country, which is anticipated to drive the demand for gas generator sets in industrial applications over the forecast period.
Generator set industry in India is inclined toward diesel as a raw material. However, governmental regulations to curb carbon emissions caused by burning of diesel coupled with shifting focus of the government toward the use of cleaner sources for power generation are expected to drive the demand for natural gas gensets over the forecast period.
- Asia Pacific Cold Chain Temperature Monitoring Market Component Outlook (Revenue, USD Million , 2017-2027)
- Hardware
- Software
- Asia Pacific Cold Chain Temperature Monitoring Market Application Outlook (Revenue, USD Million , 2017-2027)
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- Pharmaceuticals
- Bakery & Confectionaries
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Cold Chain Temperature Monitoring Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Cold Chain Temperature Monitoring Market Outlook from 2017 to 2027, including revenue numbers, major trends, and company profiles.
Asia Pacific Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
Asia Pacific cold chain temperature monitoring market statistics, by component, 2017-2027 (US$M)
