The Cold Chain Monitoring Market is evaluated to register a CAGR of 9.6%.
The latest market study Cold Chain Monitoring market
blends in qualitative and quantitative research techniques to present vital
data on the competitive landscape for the period of 2027.This research allows
the business owners/individuals/ stakeholders to collect decisive information
about market segmentation based on product category, usage and sale volume
across the various geographical regions. Business stakeholders can prepare
effective expansion plan by using the statistics on market share, size and the
growth rate discussed in the report, for the forecast period of 2027.Unmatched
information on past, present and upcoming market trends covered in the study
offer lucidity on the future projection of the industry.
Cold
Chain Monitoring market companies are Zest
Labs Inc. (U.S.), Sensitech Inc. (U.S.), Controlant EHF (Iceland), Monnit
Corporation (U.S.), Infratab Inc. (U.S.), Berlinger & Co. AG (Switzerland),
NEC Corp. (Japan), Sensitech Inc. (U.S.), ORBCOMM (U.S.), NXP Semiconductors
N.V. (Netherlands)
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Regional Assessment
The global business regional analysis was
conducted in four major regions including Asia Pacific, North America, Europe
and the rest of the world. The European region will dominate the market for Cold
Chain Monitoring due to Growing demand for natural gas for generating
power and heating spaces. The region needs better transport facilities for gas
as the current physical pipelines have become outdated and require high
maintenance and upgrade costs. Asia-Pacific is the fastest growing region,
since the region's developing nations are the net importers of natural gas.
China itself was the largest consumer of natural gas in 2017, with
industrialization and urbanization projects expected to increase consumption.
The region's emerging markets, such as Indonesia and Pakistan, are also
experiencing high demand for natural gas, which brings opportunities for Cold
Chain Monitoring in Asia Pacific.
Segmentation
The global Industry segmented into Cold Chain
Monitoring Market Size, type, component, voltage, application and region. By
type the segment is further classified into skid mounted and mobile Cold Chain
Monitoring. By component, the segment is further classified into switchgear,
bus bar, HVAC systems, transformer, frequency drives, monitoring and control
systems and others. By voltage, the segment, is further classified into low
voltage and medium voltage Cold Chain Monitoring. Cold Chain Monitorings are
used in various industries such as oil and gas, mining, transportation, and
power utilities.
Key Findings
In October 2018, ABB, technology leader and
manufactures robotics, power and heavy electrical equipment, won a contract of
worth USD 45 million to construct a substation in Dubai which helps in boosting
distribution capacity.
In April 2018, Zest WEG Group, is expanded their Cold
Chain Monitorings business in Africa to meet the increase in demand from
industries.
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Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has
substantially increased the adoption of cloud infrastructure and services. In
addition, COVID-19 has significantly increased the security budget, which has
resulted in a large increase in cloud infrastructure and services. According to
the findings of a study conducted by Microsoft and published in August 2020,
36% of the total 800 respondents said that the budget for cybersecurity had
risen as a consequence of the pandemic outbreak. Additionally, 42 percent of
those who answered the survey said that the company altered its personnel by
adding more security experts.
Drivers and Restraints
The Cold Chain Monitoring market is driven by
numerous factors such as increasing construction FDI in the Asia Pacific
region, and policy reforms and policies that support them. Governments across
all regions are observed, their construction sector supported, and created. The
emerging economies are the ones that put in various reforms and regulations in particular
to fuel their infrastructure growth and the real estate market. Such expansion
is slated to increase scaffolding's market growth. The Cold Chain Monitoring
market has constraints such as fluctuating prices of raw materials and slower
economic growth, which hinder market development.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL COLD CHAIN MONITORING MARKET, BY
COMPONENT
1.2 GLOBAL COLD CHAIN MONITORING MARKET, BY
ORGANIZATION SIZE
1.3 GLOBAL COLD CHAIN MONITORING MARKET, BY
DEPLOYMENT
1.4 GLOBAL COLD CHAIN MONITORING MARKET, BY
END-USERS
1.5 GLOBAL COLD CHAIN MONITORING MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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