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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Refrigeration Monitoring Market Outlook

The global refrigeration monitoring market attained a value of more than USD 9.05 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.4% to reach over USD 18.71 billion by 2032.

Global Refrigeration Monitoring Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 9.05
Market Size 2032 USD Billion 18.71
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 8.4%
CAGR 2024-2032 - Market by Region Asia Pacific 9.1%
CAGR 2024-2032 - Market by Country India 9.8%
CAGR 2024-2032 - Market by Country Brazil 9.5%
CAGR 2024-2032 - Market by Application Transportation 8.7%
CAGR 2024-2032 - Market by Industry Pharmaceuticals and Hospitals 9.5%
Market Share by Country 2023 Italy 3.1%

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.

Global Refrigeration Monitoring Market

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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
CAGR 2024-2032 - Market by Application
Transportation 8.7%
Storage XX%

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

  • Food and Beverage
  • Pharmaceuticals
  • Chemicals
  • Residential
  • Others
CAGR 2024-2032 - Market by Industry
Pharmaceuticals and Hospitals 9.5%
Food and Beverage 9.0%
Chemicals XX%
Residential XX%
Others XX%

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.

CAGR 2024-2032 - Market by Region
Asia Pacific 9.1%
Middle East and Africa 8.9%
North America XX%
Europe XX%
Latin America XX%
CAGR 2024-2032 - Market by Country
India 9.8%
Brazil 9.5%
China 8.7%
Mexico 8.3%
USA 7.9%
Canada XX%
UK XX%
Germany 7.1%
France XX%
Italy XX%
Japan XX%
Australia XX%
Saudi Arabia XX%

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.

Global Refrigeration Monitoring Market

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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.

2023 Market Share by Country
Italy 3.1%
USA XX%
Canada XX%
UK XX%

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
  • Residential
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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Refrigeration Monitoring Market Report Snapshots

Refrigeration Monitoring Market Size

Refrigeration Monitoring Market Growth

Refrigeration Monitoring Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global refrigeration monitoring market attained a value of more than USD 9.05 billion in 2023.

The market is projected to grow at a CAGR of 8.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 18.71 billion by 2032.

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, 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.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124