Latin America Cold Chain Temperature Monitoring Market Size & Outlook
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- Cold Chain Temperature Monitoring Market Outlook
- Warehousing, Supply Chain & Logistics
Latin America Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
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Latin America cold chain temperature monitoring market highlights
- The Latin America cold chain temperature monitoring market generated a revenue of USD 719.6 million in 2020.
- The market is expected to grow at a CAGR of 18.3% 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, Brazil is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
| Market revenue in 2020 | USD 719.6 million |
| Market revenue in 2027 | USD 2,328.4 million |
| Growth rate | 18.3% (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, Latin America region accounted for 9.0% 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.
CSA is an oil-based economy, relying heavily on oil for power generation. As a result, oil represents a significant portion of the energy mix in the region. However, growing concern regarding carbon emission from diesel gensets and stringent regulatory framework to curb the pollution are expected to drive natural gas genset market in the region.
Similar to Europe, Central & South America region is also heavily focusing on power generation from renewable resources. In 2015, the Argentinian government passed an act, Act 27 191, which aims at increasing the contribution of renewable energy sources up to 8% of the total electricity consumption by 2018 and up to 20% by 2025.
The country is focusing on reducing dependence on conventional sources for power generation and is projected to develop renewable power generation sources over the coming years.
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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/ |
Latin America 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 77.81% in 2020.
Horizon Databook has segmented the Latin America cold chain temperature monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2027.
CSA is an oil-based economy, relying heavily on oil for power generation. As a result, oil represents a significant portion of the energy mix in the region. However, growing concern regarding carbon emission from diesel gensets and stringent regulatory framework to curb the pollution are expected to drive natural gas genset market in the region.
Similar to Europe, Central & South America region is also heavily focusing on power generation from renewable resources. In 2015, the Argentinian government passed an act, Act 27 191, which aims at increasing the contribution of renewable energy sources up to 8% of the total electricity consumption by 2018 and up to 20% by 2025.
The country is focusing on reducing dependence on conventional sources for power generation and is projected to develop renewable power generation sources over the coming years.
- Latin America Cold Chain Temperature Monitoring Market Component Outlook (Revenue, USD Million , 2017-2027)
- Hardware
- Software
- Latin America 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 Latin America Cold Chain Temperature Monitoring Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Cold Chain Temperature Monitoring Market Outlook from 2017 to 2027, including revenue numbers, major trends, and company profiles.
Latin America Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
Latin America cold chain temperature monitoring market statistics, by component, 2017-2027 (US$M)
