Europe Cold Chain Temperature Monitoring Market Size & Outlook
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- Cold Chain Temperature Monitoring Market Outlook
- Warehousing, Supply Chain & Logistics
Europe Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
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Europe cold chain temperature monitoring market highlights
- The Europe cold chain temperature monitoring market generated a revenue of USD 2,058.7 million in 2020.
- The market is expected to grow at a CAGR of 17.1% 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, France is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 2,058.7 million |
| Market revenue in 2027 | USD 6,215.3 million |
| Growth rate | 17.1% (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, Europe region accounted for 25.8% 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.
Europe, led by Germany, France, Russia, and the UK, emerged as the second-largest regional market in 2018, accounting for over 27.92% of the global natural gas generator set market share. The region has a well-established gas generator set market. Major end-use industries for gas generator set in Europe include power generation, oil & gas, and manufacturing.
Rising population is a major factor influencing the power generation market in the region. In addition, growing GDP of the region is projected to attract various end-use players looking to expand their consumer bases. Growing population provides a constant inflow of customers, which positively impacts a wide range of industries by creating more competition among the participants.
Instead of fighting for existing customers, companies are attracting new customers by offering innovative products and services to fulfill their expectations. Population growth in the EU countries has resulted in the development of gas generator set market on account of their increasing application scope in power plants and manufacturing facilities for back-up power operations.
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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/ |
Europe 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 81.09% in 2020.
Horizon Databook has segmented the Europe cold chain temperature monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2027.
Europe, led by Germany, France, Russia, and the UK, emerged as the second-largest regional market in 2018, accounting for over 27.92% of the global natural gas generator set market share. The region has a well-established gas generator set market. Major end-use industries for gas generator set in Europe include power generation, oil & gas, and manufacturing.
Rising population is a major factor influencing the power generation market in the region. In addition, growing GDP of the region is projected to attract various end-use players looking to expand their consumer bases. Growing population provides a constant inflow of customers, which positively impacts a wide range of industries by creating more competition among the participants.
Instead of fighting for existing customers, companies are attracting new customers by offering innovative products and services to fulfill their expectations. Population growth in the EU countries has resulted in the development of gas generator set market on account of their increasing application scope in power plants and manufacturing facilities for back-up power operations.
- Europe Cold Chain Temperature Monitoring Market Component Outlook (Revenue, USD Million , 2017-2027)
- Hardware
- Software
- Europe Cold Chain Temperature Monitoring Market Application Outlook (Revenue, USD Million , 2017-2027)
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Bakery & Confectionaries
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Cold Chain Temperature Monitoring Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Cold Chain Temperature Monitoring Market Outlook from 2017 to 2027, including revenue numbers, major trends, and company profiles.
Europe Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
Europe cold chain temperature monitoring market statistics, by component, 2017-2027 (US$M)
