Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Refrigeration Monitoring Market by Type (Wired Temperature Monitoring, Wireless Temperature Monitoring), By Application (Food and Beverage Industry, Manufacturing Industry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Refrigeration Monitoring Market by Type (Wired Temperature Monitoring, Wireless Temperature Monitoring), By Application (Food and Beverage Industry, Manufacturing Industry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159272 3300 Machinery & Equipment 377 241 Pages 4.6 (44)
                                          

Market Overview:


The global refrigeration monitoring market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food and beverages, rising concerns over food safety, and the growing adoption of wireless temperature monitoring systems. The global refrigeration monitoring market is segmented on the basis of type, application, and region. On the basis of type, it is divided into wired temperature monitoring and wireless temperature monitoring systems. Wired temperature monitoring systems are further classified into digital thermometers and analog thermometers. Wireless temperature Monitoring systems are further classified into radio frequency (RF) based monitors and ZigBee-based monitors. On the basis of application, it is segmented into food & beverage industry, manufacturing industry, healthcare & pharmaceuticals industry,, transportation & logistics industry,, retail sector,,and others segments including education sector,. Food & beverage industries accounted for majority share in terms of revenue in 2017 owing to stringent regulations by government agencies such as FDA (Food And Drug Administration) for ensuring safe food production across various geographies. However,.


Global Refrigeration Monitoring Industry Outlook


Product Definition:


Refrigeration Monitoring is the process of continuously measuring and recording the temperature of a refrigerated space in order to maintain it within safe operating limits. The importance of Refrigeration Monitoring is that it helps ensure that food products are stored at the correct temperature, preventing spoilage and ensuring food safety.


Wired Temperature Monitoring:


Wired temperature monitoring is a technique where the temperature sensor is wired to an analog or digital input on the device under test. The advantage of this system over wireless systems is that there's no need for a radio link between the sensor and monitor, which eliminates problems caused by interference from other devices on the network. This type of system works well when testing devices that have limited access points, such as medical equipment and industrial machinery.


Wireless Temperature Monitoring:


Wireless temperature monitoring is a technique where the sensor is placed inside the refrigeration system and it sends data regarding temperature to a receiver. The data can be received by mobile devices or computers. Wireless technology helps in reducing human efforts, which are spent on maintaining records of daily refrigerator operations.


Advantages of wireless technology include easy installation and low maintenance cost as compared to traditional systems.


Application Insights:


The food and beverage industry accounted for the largest market share in 2017. The application of refrigeration monitoring systems has been growing significantly in the food and beverage industry owing to its critical nature. Monitoring systems ensure efficient performance of refrigerated warehouses, which is a key concern for this industry as it affects product quality as well as extends the life of products stored thereon.


Manufacturing was another major application segment that accounted for significant market share in 2017 due to its increasing use across various industries such as pharmaceuticals, chemical, paper and pulp among others. Refrigeration monitoring systems are used to maintain temperature conditions within manufacturing facilities so that processed materials remain fresh until they reach their destination or are consumed by consumers. These types of solutions help manufacturers optimize their plant floor operations by ensuring proper inventory management while reducing equipment failure rates & operating costs along with enhancing customer satisfaction regarding delivery date accuracy which eventually results in increased revenue generation capabilities over the forecast period.


Regional Analysis:


North America dominated the global market in 2017 owing to the presence of a large number of industry players and increased adoption of temperature monitoring systems. The region is expected to maintain its dominance over the forecast period as well due to technological advancements and high demand for food delivery services. Europe accounted for a significant share in terms of revenue, mainly due to an increase in spending on infrastructure development by manufacturers operating within this region.


Asia Pacific is anticipated to witness substantial growth over the forecast period owing with increasing government initiatives towards industrialization coupled with rising awareness regarding wireless temperature monitoring systems among customers located within this region. Moreover, growing investments by industry players are also contributing towards regional growth prospects. For instance, In January 2018, Honeywell International Inc., announced plans for investing USD X million over a span of five years at its plant that makes heating/cooling controls used primarily in manufacturing facilities across Asia Pacific and North America (Honeywell Int'l Inc., 2018).


Growth Factors:


  • Increasing demand for food safety and quality: The global refrigeration monitoring market is expected to grow at a CAGR of 6.5% from 2017 to 2025, owing to the increasing demand for food safety and quality. Stringent regulations by government agencies regarding food safety are also fuelling the growth of the refrigeration monitoring market.
  • Proliferation of cold chain logistics: The growth in cold chain logistics is another major factor driving the refrigeration monitoring market. With an increase in per capita income, there has been a surge in demand for processed and frozen foods, which has led to an increase in investments in cold chain infrastructure across the globe. This is further propelling the growth of the refrigeration monitoring market.
  • Rising awareness about energy efficiency: There is a growing awareness among consumers about energy-efficient appliances, which is resulting in an increased adoption of energy-efficient refrigerators and freezers worldwide. This is boostingthegrowthoftherefrigerationmonitoringmarketaswellastheenergyefficiencysegmentofthesamemarketplace.. 4) Technological advancements: Rapid technological advancements are leading to innovative products with enhanced features being launched into the market on a regular basis., Thisishelpingthedomesticandcommercialrefrigerationsystemsindustrytogrowatamuchfasterpacethanbefore.,Thisisdrivingthegrowthof therefrigeratingmonitoringmarketsinceitisessentialtoensurethatthesehigh-

Scope Of The Report

Report Attributes

Report Details

Report Title

Refrigeration Monitoring Market Research Report

By Type

Wired Temperature Monitoring, Wireless Temperature Monitoring

By Application

Food and Beverage Industry, Manufacturing Industry, Others

By Companies

Dover Corp, Daikin Industries, United Technologies, Johnson Control, Haier

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

241

Number of Tables & Figures

169

Customization Available

Yes, the report can be customized as per your need.


Global Refrigeration Monitoring Market Report Segments:

The global Refrigeration Monitoring market is segmented on the basis of:

Types

Wired Temperature Monitoring, Wireless Temperature Monitoring

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Food and Beverage Industry, Manufacturing Industry, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Dover Corp
  2. Daikin Industries
  3. United Technologies
  4. Johnson Control
  5. Haier

Global Refrigeration Monitoring Market Overview


Highlights of The Refrigeration Monitoring Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Wired Temperature Monitoring
    2. Wireless Temperature Monitoring
  1. By Application:

    1. Food and Beverage Industry
    2. Manufacturing Industry
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Refrigeration Monitoring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Refrigeration Monitoring Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Refrigeration monitoring is the process of tracking and analyzing data related to refrigeration systems in order to identify issues and correct them. This information can be used to optimize the performance of a refrigeration system, ensure proper temperature control, and protect against potential damage.

Some of the key players operating in the refrigeration monitoring market are Dover Corp, Daikin Industries, United Technologies, Johnson Control, Haier.

The refrigeration monitoring market is expected to register a CAGR of 6.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Refrigeration Monitoring Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Refrigeration Monitoring Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Refrigeration Monitoring Market - Supply Chain
   4.5. Global Refrigeration Monitoring Market Forecast
      4.5.1. Refrigeration Monitoring Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Refrigeration Monitoring Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Refrigeration Monitoring Market Absolute $ Opportunity

5. Global Refrigeration Monitoring Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Refrigeration Monitoring Market Size and Volume Forecast by Type
      5.3.1. Wired Temperature Monitoring
      5.3.2. Wireless Temperature Monitoring
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Refrigeration Monitoring Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Refrigeration Monitoring Market Size and Volume Forecast by Application
      6.3.1. Food and Beverage Industry
      6.3.2. Manufacturing Industry
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Refrigeration Monitoring Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Refrigeration Monitoring Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Refrigeration Monitoring Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Refrigeration Monitoring Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Refrigeration Monitoring Demand Share Forecast, 2019-2026

9. North America Refrigeration Monitoring Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Refrigeration Monitoring Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Refrigeration Monitoring Market Size and Volume Forecast by Application
      9.4.1. Food and Beverage Industry
      9.4.2. Manufacturing Industry
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Refrigeration Monitoring Market Size and Volume Forecast by Type
      9.7.1. Wired Temperature Monitoring
      9.7.2. Wireless Temperature Monitoring
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Refrigeration Monitoring Demand Share Forecast, 2019-2026

10. Latin America Refrigeration Monitoring Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Refrigeration Monitoring Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Refrigeration Monitoring Market Size and Volume Forecast by Application
      10.4.1. Food and Beverage Industry
      10.4.2. Manufacturing Industry
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Refrigeration Monitoring Market Size and Volume Forecast by Type
      10.7.1. Wired Temperature Monitoring
      10.7.2. Wireless Temperature Monitoring
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Refrigeration Monitoring Demand Share Forecast, 2019-2026

11. Europe Refrigeration Monitoring Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Refrigeration Monitoring Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Refrigeration Monitoring Market Size and Volume Forecast by Application
      11.4.1. Food and Beverage Industry
      11.4.2. Manufacturing Industry
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Refrigeration Monitoring Market Size and Volume Forecast by Type
      11.7.1. Wired Temperature Monitoring
      11.7.2. Wireless Temperature Monitoring
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Refrigeration Monitoring Demand Share, 2019-2026

12. Asia Pacific Refrigeration Monitoring Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Refrigeration Monitoring Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Refrigeration Monitoring Market Size and Volume Forecast by Application
      12.4.1. Food and Beverage Industry
      12.4.2. Manufacturing Industry
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Refrigeration Monitoring Market Size and Volume Forecast by Type
      12.7.1. Wired Temperature Monitoring
      12.7.2. Wireless Temperature Monitoring
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Refrigeration Monitoring Demand Share, 2019-2026

13. Middle East & Africa Refrigeration Monitoring Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Refrigeration Monitoring Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Refrigeration Monitoring Market Size and Volume Forecast by Application
      13.4.1. Food and Beverage Industry
      13.4.2. Manufacturing Industry
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Refrigeration Monitoring Market Size and Volume Forecast by Type
      13.7.1. Wired Temperature Monitoring
      13.7.2. Wireless Temperature Monitoring
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Refrigeration Monitoring Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Refrigeration Monitoring Market: Market Share Analysis
   14.2. Refrigeration Monitoring Distributors and Customers
   14.3. Refrigeration Monitoring Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Dover Corp
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Daikin Industries
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. United Technologies
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Johnson Control
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Haier
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. COMPANY6
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. COMPANY7
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. COMPANY8
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. COMPANY9
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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