1 / 6

Refrigeration Monitoring Market

Refrigeration Monitoring Market by Offering (Hardware, Software, and Service), Sensor (temperature, defrost, touch, liquid level, gas detector, contact, motion detector, pressure), Application, Industry, and Region

marketreports
Download Presentation

Refrigeration Monitoring Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MarketsandMarkets™ Research Private Ltd. Presents Refrigeration Monitoring Market worth $11.1 billion by 2025 https://www.marketsandmarkets.com/Market-Reports/refrigeration-monitoring-market-131776121.html

  2. According to the research report, "Refrigeration Monitoring Market by Offering (Hardware, Software, and Service), Sensor (temperature, defrost, touch, liquid level, gas detector, contact, motion detector, pressure), Application, Industry, and Region - Global Forecast to 2025" is projected to grow from USD 7.4 billion in 2020 to USD 11.1 billion by 2025; it is expected to grow at a CAGR of 8.3% from 2020 to 2025. Key factors fueling the growth of this market are changing consumption patterns, shifting consumer preference for organic food products, increasing demand for high-quality packed food products, growing demand for temperature-sensitive drugs, high disposable income, and the need to reduce food wastage. Browse >> 107 Market data tables 49 figures 173 pages and in-depth TOC on “Refrigeration Monitoring Market” https://www.marketsandmarkets.com/Market-Reports/refrigeration-monitoring-market- 131776121.html Early buyers will receive 10% customization on this report. https://www.marketsandmarkets.com/PressReleases/refrigeration-monitoring.asp

  3. Hardware accounted for largest share of refrigeration monitoring market in 2019 In 2019, hardware captured the largest share of the refrigeration monitoring market. The hardware segment includes various sensors such as temperature sensors, defrost sensors, touch sensors, contact sensors, motion detectors, and AC current meters used in the refrigeration unit and networking devices such as routers and gateways. Sensors play an important role in detecting analog/digital/electronic signals and responding to them to optimize operation of the equipment. Thermal buffers are used to smooth rapid temperature fluctuations due to compressor cycling, door opening, loading, or removing products. The demand for hardware is increasing owing to the rising use of refrigeration monitoring systems in cold storage and transportation systems to preserve perishable products for longer durations. Market for temperature sensors is projected to grow at highest CAGR during forecast period Among sensors, the market for temperature sensors is projected to grow at the highest CAGR from 2020 to 2025. Temperature is one of the most common parameters that is measured across a broad variety of industries such as food & beverages, retail, transport, pharmaceuticals, chemicals, and others. The type of sensor used affects the accuracy of measurement and the optimal temperature range. Most frozen and packed food products are required to be stored at a specific temperature in order to ensure the freshness of the food product. A temperature sensor is used to adjust the temperature of the refrigerator as required according to its contents. The applicability of temperature sensors in various industries is likely to increase the worldwide demand for these sensors in the forecast period. https://www.marketsandmarkets.com/Market-Reports/refrigeration-monitoring-market-131776121.html

  4. APAC is expected to hold largest share of refrigeration monitoring market in 2025 APAC is expected to hold the largest share of the refrigeration monitoring market in 2025. APAC is the world’s most densely populated region with diverse climatic conditions. This reflects the necessity for efficient cold chain services for the transportation of temperature-sensitive goods from one place to another. The increasing disposable income and aging population has resulted in an increase in the healthcare expenditure in the region. This has led to a rise in the demand for temperature-sensitive healthcare products such as vaccines, insulin, and blood products. The rise in per capita income and shifting dietary patterns have led to a rising demand for premium products such as seafood, frozen meat, dairy, fruits, and vegetables, etc. These products need to be regularly monitored for changes in temperature to ensure freshness and quality. Along with this shift in trends, the growth of the e- commerce and online grocery shopping trend has also boosted the demand for frozen food, contributing to the growth of the refrigeration monitoring market in APAC. Emerson (US), Danfoss (Denmark), Monnit (US), TE Connectivity (Switzerland), Zebra Technologies (Zebra) (US), Texas Instruments (US), ORBCOMM (US), Controlant (Iceland), Samsara (US), and Smart Sense (Digi International) (US) are the key players in the refrigeration monitoring market. These players are undertaking strategies such as product launches, expansions, agreements, partnerships, collaborations, and acquisitions to increase their market share. https://www.marketsandmarkets.com/PressReleases/refrigeration-monitoring.asp

  5. About MarketsandMarkets™ Research Private Ltd. MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. https://www.marketsandmarkets.com/Market-Reports/refrigeration-monitoring-market-131776121.html

  6. Contact Us Mr. Sanjay Gupta 630 Dundee Road Suite 430 Northbrook, IL 60062 Tel: 1-888-6006-441 Email: newsletter@marketsandmarkets.com MarketsandMarkets Blog http://twitter.com/marketsmarkets http://www.linkedin.com/company/marketsandmarkets

More Related