Mexico - North America Cold Chain Temperature Monitoring Market Size & Outlook
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- Cold Chain Temperature Monitoring Market Outlook
- Warehousing, Supply Chain & Logistics
Mexico - North America Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
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Mexico cold chain temperature monitoring market highlights
- The Mexico cold chain temperature monitoring market generated a revenue of USD 181.9 million in 2020 and is expected to reach USD 549.0 million by 2027.
- The Mexico 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.
Cold chain temperature monitoring market data book summary
| Market revenue in 2020 | USD 181.9 million |
| Market revenue in 2027 | USD 549.0 million |
| Growth rate | 17.1% (CAGR from 2020 to 2027) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Mexico accounted for 2.3% of the global cold chain temperature monitoring market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. cold chain temperature monitoring market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,326.0 million by 2027.
The Ministry of Energy, Mexico launched the Development Program of the National Electric System (PRODESEN) 2018 – 2032 in May 2018. Under this program, the government planned to add 66.91 GW of additional power capacity across the country to satisfy the expected power demand until 2032.
Growing installation of power plants is projected to drive the demand for natural gas generator sets in Mexico as generator sets of medium and high-power rating are used in power plants as a backup power source for the station’s critical auxiliary equipment.
Mexico is adopting multiple coordinated strategies to develop and support a well-structured manufacturing base. Most of these initiatives are intended to address the present weaknesses in the value proposition of manufacturing industries in Mexico. Thus, growing manufacturing industry is projected to drive the demand for natural gas gensets in the region.
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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/ |
Mexico - North 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 83.01% in 2020.
Horizon Databook has segmented the Mexico - North America cold chain temperature monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2027.
The Ministry of Energy, Mexico launched the Development Program of the National Electric System (PRODESEN) 2018 – 2032 in May 2018. Under this program, the government planned to add 66.91 GW of additional power capacity across the country to satisfy the expected power demand until 2032.
Growing installation of power plants is projected to drive the demand for natural gas generator sets in Mexico as generator sets of medium and high-power rating are used in power plants as a backup power source for the station’s critical auxiliary equipment.
Mexico is adopting multiple coordinated strategies to develop and support a well-structured manufacturing base. Most of these initiatives are intended to address the present weaknesses in the value proposition of manufacturing industries in Mexico. Thus, growing manufacturing industry is projected to drive the demand for natural gas gensets in the region.
- Mexico - North America Cold Chain Temperature Monitoring Market Component Outlook (Revenue, USD Million , 2017-2027)
- Hardware
- Software
- Mexico - North 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 country-level data and insights on the Mexico - North America Cold Chain Temperature Monitoring Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Cold Chain Temperature Monitoring Market Outlook from 2017 to 2027, including revenue numbers, major trends, and company profiles.
Mexico - North America Cold Chain Temperature Monitoring Market, 2017-2027 (US$M)
Mexico cold chain temperature monitoring market statistics, by component, 2017-2027 (US$M)
