Reports
Global Refrigeration Monitoring Market Share, Forecast: By Offering: Hardware, Software, Services, Others; By Sensor: Temperature Sensor, Defrost Sensors, Liquid Level Sensors, Pressure Sensor, Gas Detector, Motion Sensor, Touch Sensors, Others; By Application; By Industry; Regional Analysis; Competitive Landscape; 2024-2032
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 2024-2032 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.
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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.
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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
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.
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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.
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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Refrigeration Monitoring Market Analysis
8.1 Key Industry Highlights
8.2 Global Refrigeration Monitoring Historical Market (2018-2023)
8.3 Global Refrigeration Monitoring Market Forecast (2024-2032)
8.4 Global Refrigeration Monitoring Market by Offering
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Refrigeration Monitoring Market by Sensor
8.5.1 Temperature Sensor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Defrost Sensors
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Liquid Level Sensors
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Pressure Sensor
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Gas Detector
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Motion Sensor
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Touch Sensors
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Contact Sensors
8.5.8.1 Historical Trend (2018-2023)
8.5.8.2 Forecast Trend (2024-2032)
8.5.9 AC Current Sensors
8.5.9.1 Historical Trend (2018-2023)
8.5.9.2 Forecast Trend (2024-2032)
8.5.10 Water Detection Sensors
8.5.10.1 Historical Trend (2018-2023)
8.5.10.2 Forecast Trend (2024-2032)
8.6 Global Refrigeration Monitoring Market by Application
8.6.1 Transportation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Storage
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Refrigeration Monitoring Market by Industry
8.7.1 Food and Beverage
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharmaceuticals
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Chemicals
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Hospitals
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Residential
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Others
8.8 Global Refrigeration Monitoring Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Refrigeration Monitoring Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Refrigeration Monitoring Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Refrigeration Monitoring Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Refrigeration Monitoring Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Refrigeration Monitoring Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Zebra Technologies Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Emerson Electric Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Danfoss
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Daikin Industries, Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Samsara Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Refrigeration Monitoring Market: Key Industry Highlights, 2018 and 2032
2. Global Refrigeration Monitoring Historical Market: Breakup by Offering (USD Billion), 2018-2023
3. Global Refrigeration Monitoring Market Forecast: Breakup by Offering (USD Billion), 2024-2032
4. Global Refrigeration Monitoring Historical Market: Breakup by Sensor (USD Billion), 2018-2023
5. Global Refrigeration Monitoring Market Forecast: Breakup by Sensor (USD Billion), 2024-2032
6. Global Refrigeration Monitoring Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Refrigeration Monitoring Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Refrigeration Monitoring Historical Market: Breakup by Industry (USD Billion), 2018-2023
9. Global Refrigeration Monitoring Market Forecast: Breakup by Industry (USD Billion), 2024-2032
10. Global Refrigeration Monitoring Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Refrigeration Monitoring Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Refrigeration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Refrigeration Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 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 2024-2032, 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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