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Global Refrigeration Monitoring Market: By Offering: Hardware, Software, Services, Others; By Sensor: Temperature Sensor, Defrost Sensors, Liquid Level Sensors, Others; By Application; By Industry; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Refrigeration Monitoring Market Outlook

The global refrigeration monitoring market attained a value of more than USD 7.7 billion in 2021 . The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.4% to reach over USD 12.5 billion by 2027.

 

Rising Demand for Packed Food Products is Pushing the Growth of the Market

One of the key factors driving the global market for refrigeration monitoring is the rising inclination towards consumption of superior-quality packaged food products across the globe owing to inflating disposable incomes, rising focus on healthy eating, and growing awareness regarding clean label products. Furthermore, the focus on organic and natural food products, as opposed to synthetic flavours and adulterated ingredients, is another factor augmenting the demand for refrigeration monitoring in the food and beverage industry, which is boosting the market growth.

 

Global Refrigeration Monitoring Market

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Refrigeration of food products aid in keeping food items like poultry, vegetables, and fruits fresh and prevent them from going stale, and thus the demand for a refrigeration monitoring system to avoid food wastage is positively impacting the growth of the market. Moreover, trends surrounding the spur of ready-to-eat food items and beverages amidst busy lifestyles and changing consumer patterns are additional factors providing impetus to the market.

 

Refrigeration Monitoring: Market Segmentation

A refrigeration monitoring system monitors the temperature in the refrigeration system and provides alerts for temperature fluctuations. The monitoring system possesses advanced sensor technologies to provide facilities like motion detection, water detection, humidity sensing, and wireless temperature control, among others.

On the basis of offering, the market can be divided into:

  • Hardware
  • Software
  • Services
  • Others

Based on sensor, the market can be divided into:

  • Temperature Sensor
  • Defrost Sensors
  • Liquid Level Sensors
  • Pressure Sensor
  • Gas Detector
  • Motion Sensor
  • Touch Sensors
  • Contact Sensors
  • AC Current Sensors
  • Water Detection Sensors

On the basis of application, the market can  be categorised into:

  • Transportation
  • Storage

On the basis of industry, the market can be classified into:

  • Food and Beverage
  • Pharmaceuticals
  • Chemicals
  • Hospitals
  • Residential
  • Others

The EMR report looks into the regional markets of refrigeration monitoring like North America, Europe, the  Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Innovations in the Refrigeration Monitoring Technology is Boosting the Growth of the Market

The growth in the global market for refrigeration monitoring can be associated with innovations in product designs. Major players in the refrigeration monitoring industry are aiming to develop advanced products and solutions that can promote environmentally friendly technologies by conserving power and reducing carbon emissions. Such developments are driving the growth of the market. These products are developed with maximum equipment efficiency to increase convenience for the users and are cost-effective as well, thereby augmenting the market growth.

The rising global concerns to reduce CO2 and GHG emissions, from refrigeration technologies, amidst the rising concerns regarding environmental degradation is a key factor shaping the growth of the industry.  Furthermore, the introduction of remote control and interactive notification features with technologies like IoT and AI are further bolstering the market growth of refrigeration monitoring. The strong market penetration of internet access and the proliferation of smartphone ownership are aiding the growth of such digital technology, thereby providing momentum to the market.

 

Key Industry Players in the Global Refrigeration Monitoring Market

The report presents a detailed analysis of the following key players in the global refrigeration monitoring market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Zebra Technologies Corporation
  • Emerson Electric Co.
  • Danfoss
  • Daikin Industries, Ltd.
  • Samsara Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Offering, Sensor, Application, Industry, Region
Breakup by Offering Hardware, Software, Services, Others
Breakup by Sensor Temperature Sensor, Defrost Sensors, Liquid Level Sensors, Pressure Sensor,
Gas Detector, Motion Sensor, Touch Sensors, Contact Sensors, AC Current Sensors, Water Detection Sensors
Breakup by Application Transportation, Storage
Breakup by Industry Food and Beverage, Pharmaceuticals, Chemicals, Hospitals, Residential, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Zebra Technologies Corporation, Emerson Electric Co., Danfoss, Daikin Industries, Ltd., Samsara Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Refrigeration Monitoring Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Refrigeration Monitoring Historical Market (2017-2021) 
    8.3    Global Refrigeration Monitoring Market Forecast (2022-2027)
    8.4    Global Refrigeration Monitoring Market by Offering
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Services
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Refrigeration Monitoring Market by Sensor
        8.5.1    Temperature Sensor
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Defrost Sensors
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Liquid Level Sensors
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Pressure Sensor
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Gas Detector
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Motion Sensor
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Touch Sensors
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2017-2021)
            8.5.7.3    Forecast Trend (2022-2027)
        8.5.8    Contact Sensors
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2017-2021)
            8.5.8.3    Forecast Trend (2022-2027)
        8.5.9    AC Current Sensors
            8.5.9.1    Market Share
            8.5.9.2    Historical Trend (2017-2021)
            8.5.9.3    Forecast Trend (2022-2027)
        8.5.10    Water Detection Sensors
            8.5.10.1    Market Share
            8.5.10.2    Historical Trend (2017-2021)
            8.5.10.3    Forecast Trend (2022-2027)
    8.6    Global Refrigeration Monitoring Market by Application
        8.6.1    Transportation
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Storage
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Refrigeration Monitoring Market by Industry
        8.7.1    Food and Beverage 
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Pharmaceuticals
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Chemicals 
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Hospitals
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Residential
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021)
            8.7.5.3    Forecast Trend (2022-2027)
        8.7.6    Others
    8.8    Global Refrigeration Monitoring Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Zebra Technologies Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Emerson Electric Co.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     Danfoss  
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Daikin Industries, Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Samsara Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Refrigeration Monitoring Market: Key Industry Highlights, 2017 and 2027
2.    Global Refrigeration Monitoring Historical Market: Breakup by Offering (USD Billion), 2017-2021
3.    Global Refrigeration Monitoring Market Forecast: Breakup by Offering (USD Billion), 2022-2027
4.    Global Refrigeration Monitoring Historical Market: Breakup by Sensor (USD Billion), 2017-2021
5.    Global Refrigeration Monitoring Market Forecast: Breakup by Sensor (USD Billion), 2022-2027
6.    Global Refrigeration Monitoring Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Refrigeration Monitoring Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Refrigeration Monitoring Historical Market: Breakup by Industry (USD Billion), 2017-2021
9.    Global Refrigeration Monitoring Market Forecast: Breakup by Industry (USD Billion), 2022-2027
10.    Global Refrigeration Monitoring Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Refrigeration Monitoring Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Refrigeration Monitoring Market Structure

Key Questions Answered in the Report

The global refrigeration monitoring market attained a value of more than USD 7.7 billion in 2021.

The market is projected to grow at a CAGR of 8.4% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach over USD 12.5 billion by 2027.

The market is being driven by the rising demand for packed food items owing to changing consumption patterns, busy lifestyles, and a focus on clean label products.

The market growth can be associated with innovations in the refrigeration monitoring industry with technologies like IoT and AI, along with the development of environmentally friendly refrigeration technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various offerings of refrigeration monitoring are hardware, software, and services, among others.

The major sensors of refrigeration monitoring are temperature sensors, defrost sensors, liquid level sensors, pressure sensor, gas detector, motion sensor, touch sensors, contact sensors, AC current sensors, and water detection sensors.

The different applications of refrigeration monitoring are transportation and storage.

The significant industries of refrigeration monitoring are food and beverage, pharmaceuticals, chemicals, hospitals, and residential, among others.

The major players in the industry are Zebra Technologies Corporation, Emerson Electric Co., Danfoss, Daikin Industries, Ltd., and Samsara Inc,  among others.

Analyst Review

The global refrigeration monitoring market attained value of more than USD 7.7 billion in 2021, driven by the growing demand for packed food products. Aided by the innovation in technologies, the market is expected to grow at a CAGR of 8.4% during the forecast period of 2022-2027, to reach over USD 12.5 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on offering, the market can be segmented into hardware, software, and services, among others. Based on sensor, the refrigeration monitoring industry can be divided into temperature sensor, defrost sensors, liquid level sensors, pressure sensor, gas detector, motion sensor, touch sensors, contact sensors, AC current sensors, and water detection sensors. On the basis of application, the market can be divided into transportation and storage. Based on industry, the market can be categorised into food and beverage, pharmaceuticals, chemicals, hospitals, and residential, among others. The major regional markets for refrigeration monitoring are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Zebra Technologies Corporation, Emerson Electric Co., Danfoss, Daikin Industries, Ltd., and Samsara Inc,  among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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