Refrigeration Monitoring Market
PUBLISHED: 2020 ID: SMRC20076
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Refrigeration Monitoring Market

Refrigeration Monitoring - Global Market Outlook (2019-2027)

4.1 (59 reviews)
4.1 (59 reviews)
Published: 2020 ID: SMRC20076

This report covers the impact of COVID-19 on this global market

Refrigeration Monitoring Market

According to Stratistics MRC, the Global Refrigeration Monitoring Market is accounted for $6.70 billion in 2019 and is expected to reach $14.79 billion by 2027 growing at a CAGR of 10.4% during the forecast period. Some of the key factors propelling the market growth include shifting consumer preferences for organic food products, changing food consumption patterns, increasing demand for high-quality packed food products, growing demand for temperature-sensitive drugs, high disposable income, and the need to reduce food wastage. However, high installation cost is likely to hamper the market.

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The refrigeration monitoring system monitors your refrigeration system automatically and alerts you the moment there's a problem. It is mostly used in sectors like Food and Beverages, Hospitals, Residential, etc. The demand for hardware is growing owing to the rising use of refrigeration monitoring systems in cold storage and transportation systems to preserve perishable products for longer durations. These systems can be used in refrigerators, freezers, walk-ins, grab & go coolers and more other systems.

By end user, food & beverages segment is anticipated to grow at the significant rate during the forecast period, due to factors such as government regulations for food safety, a rise in demand for packaged food, and the adoption of refrigeration systems by retail, cold storage, and transport companies to minimize losses. The quality and durability of food are directly related to the efficient monitoring of the refrigeration unit. With the increase in disposable income of individuals worldwide, the refrigerated foods market is growing at a rapid pace.

On the basis of geography, the growth in APAC is driven by the rising demand for high-quality food products, increase in online food retail, increased consumer spending on eating out, and government initiatives to improve healthcare in the region. Additionally, advancements in e-commerce, logistics, and warehouse management are contributing to the growth of the APAC market. Governments in various countries are attempting to facilitate improvements in the cold chain service industry through regulations and subsidies.

Some of the key players in Refrigeration Monitoring Market include Emerson Electric Co., Monnit Corporation, ORBCOMM, ContRoLAnt, Zebra Technologies, TEK Troniks, Sensaphone, Danfoss, TE Connectivity, Texas Instruments, Cargo Data Corporation, Dover Corp, Samsara, Smartsense (Digi International), Berlinger, Tempmate (Imec Messtechnik GmbH), Daikin Industries, Johnson Control, Carrier Commercial Refrigeration, and Haier Group.

Sensors Covered:
• Touch Sensors
• Liquid Level Sensors
• Pressure Sensors
• AC Current Meters
• Temperature Sensors
• Defrost Sensors
• Contact Sensors
• Motion Detectors
• Gas Detectors
• Water Detection Sensors

Offerings Covered:
• Software
• Hardware
• Service

Applications Covered:
• Transportation
• Storage
• Refrigerators & Freezers

Equipment Covered:
• Measurement Device
• Temperature Monitoring

Sales Channels Covered:
• Direct Sales
• Distribution Sales

End Users Covered:
• Hospitals
• Residential
• Food & Beverages
• Chemicals
• Pharmaceuticals
• Manufacturing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
       
2 Preface  
    
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Application Analysis     
 3.7 End User Analysis     
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Refrigeration Monitoring Market, By Sensor      
 5.1 Introduction     
 5.2 Touch Sensors     
 5.3 Liquid Level Sensors     
 5.4 Pressure Sensors     
 5.5 AC Current Meters     
 5.6 Temperature Sensors     
 5.7 Defrost Sensors     
 5.8 Contact Sensors     
 5.9 Motion Detectors     
 5.10 Gas Detectors     
 5.11 Water Detection Sensors     
       
6 Global Refrigeration Monitoring Market, By Offering      
 6.1 Introduction     
 6.2 Software     
 6.3 Hardware     
 6.4 Service     
  6.4.1 Consulting Services    
  6.4.2 Support & Maintenance Service    
  6.4.3 Deployment Services    
       
7 Global Refrigeration Monitoring Market, By Application      
 7.1 Introduction     
 7.2 Transportation     
 7.3 Storage     
 7.4 Refrigerators & Freezers     
       
8 Global Refrigeration Monitoring Market, By Equipment      
 8.1 Introduction     
 8.2 Measurement Device     
 8.3 Temperature Monitoring      
  8.3.1 Wired Temperature Monitoring    
  8.3.2 Wireless Temperature Monitoring    
       
9 Global Refrigeration Monitoring Market, By Sales Channel      
 9.1 Introduction     
 9.2 Direct Sales     
 9.3 Distribution Sales     
       
10 Global Refrigeration Monitoring Market, By End User      
 10.1 Introduction     
 10.2 Hospitals     
 10.3 Residential     
 10.4 Food & Beverages     
  10.4.1 Retail    
  10.4.2 Warehouse    
 10.5 Chemicals     
 10.6 Pharmaceuticals     
 10.7 Manufacturing     
       
11 Global Refrigeration Monitoring Market, By Geography      
 11.1 Introduction     
 11.2 North America     
  11.2.1 US    
  11.2.2 Canada    
  11.2.3 Mexico    
 11.3 Europe     
  11.3.1 Germany    
  11.3.2 UK    
  11.3.3 Italy    
  11.3.4 France    
  11.3.5 Spain    
  11.3.6 Rest of Europe    
 11.4 Asia Pacific     
  11.4.1 Japan    
  11.4.2 China    
  11.4.3 India    
  11.4.4 Australia    
  11.4.5 New Zealand    
  11.4.6 South Korea     
  11.4.7 Rest of Asia Pacific    
 11.5 South America     
  11.5.1 Argentina    
  11.5.2 Brazil    
  11.5.3 Chile    
  11.5.4 Rest of South America    
 11.6 Middle East & Africa     
  11.6.1 Saudi Arabia    
  11.6.2 UAE    
  11.6.3 Qatar    
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa    
       
12 Key Developments      
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 12.2 Acquisitions & Mergers     
 12.3 New Product Launch     
 12.4 Expansions     
 12.5 Other Key Strategies     
       
13 Company Profiling      
 13.1 Emerson Electric Co.     
 13.2 Monnit Corporation     
 13.3 ORBCOMM     
 13.4 ContRoLAnt     
 13.5 Zebra Technologies     
 13.6 TEK Troniks     
 13.7 Sensaphone     
 13.8 Danfoss     
 13.9 TE Connectivity     
 13.10 Texas Instruments     
 13.11 Cargo Data Corporation     
 13.12 Dover Corp     
 13.13 Samsara     
 13.14 Smartsense (Digi International)     
 13.15 Berlinger     
 13.16 Tempmate (Imec Messtechnik GmbH)     
 13.17 Daikin Industries     
 13.18 Johnson Control     
 13.19 Carrier Commercial Refrigeration     
 13.20 Haier Group     


List of Tables       
1 Global Refrigeration Monitoring Market Outlook, By Region (2018-2027) ($MN)      
2 Global Refrigeration Monitoring Market Outlook, By Sensor (2018-2027) ($MN)      
3 Global Refrigeration Monitoring Market Outlook, By Touch Sensors (2018-2027) ($MN)      
4 Global Refrigeration Monitoring Market Outlook, By Liquid Level Sensors (2018-2027) ($MN)      
5 Global Refrigeration Monitoring Market Outlook, By Pressure Sensors (2018-2027) ($MN)      
6 Global Refrigeration Monitoring Market Outlook, By AC Current Meters (2018-2027) ($MN)      
7 Global Refrigeration Monitoring Market Outlook, By Temperature Sensors (2018-2027) ($MN)      
8 Global Refrigeration Monitoring Market Outlook, By Defrost Sensors (2018-2027) ($MN)      
9 Global Refrigeration Monitoring Market Outlook, By Contact Sensors (2018-2027) ($MN)      
10 Global Refrigeration Monitoring Market Outlook, By Motion Detectors (2018-2027) ($MN)      
11 Global Refrigeration Monitoring Market Outlook, By Gas Detectors (2018-2027) ($MN)      
12 Global Refrigeration Monitoring Market Outlook, By Water Detection Sensors (2018-2027) ($MN)      
13 Global Refrigeration Monitoring Market Outlook, By Offering (2018-2027) ($MN)      
14 Global Refrigeration Monitoring Market Outlook, By Software (2018-2027) ($MN)      
15 Global Refrigeration Monitoring Market Outlook, By Hardware (2018-2027) ($MN)      
16 Global Refrigeration Monitoring Market Outlook, By Service (2018-2027) ($MN)      
17 Global Refrigeration Monitoring Market Outlook, By Consulting Services (2018-2027) ($MN)      
18 Global Refrigeration Monitoring Market Outlook, By Support & Maintenance Service (2018-2027) ($MN)      
19 Global Refrigeration Monitoring Market Outlook, By Deployment Services (2018-2027) ($MN)      
20 Global Refrigeration Monitoring Market Outlook, By Application (2018-2027) ($MN)      
21 Global Refrigeration Monitoring Market Outlook, By Transportation (2018-2027) ($MN)      
22 Global Refrigeration Monitoring Market Outlook, By Storage (2018-2027) ($MN)      
23 Global Refrigeration Monitoring Market Outlook, By Refrigerators & Freezers (2018-2027) ($MN)      
24 Global Refrigeration Monitoring Market Outlook, By Equipment (2018-2027) ($MN)      
25 Global Refrigeration Monitoring Market Outlook, By Measurement Device (2018-2027) ($MN)      
26 Global Refrigeration Monitoring Market Outlook, By Temperature Monitoring (2018-2027) ($MN)      
27 Global Refrigeration Monitoring Market Outlook, By Wired Temperature Monitoring (2018-2027) ($MN)      
28 Global Refrigeration Monitoring Market Outlook, By Wireless Temperature Monitoring (2018-2027) ($MN)      
29 Global Refrigeration Monitoring Market Outlook, By Sales Channel (2018-2027) ($MN)      
30 Global Refrigeration Monitoring Market Outlook, By Direct Sales (2018-2027) ($MN)      
31 Global Refrigeration Monitoring Market Outlook, By Distribution Sales (2018-2027) ($MN)      
32 Global Refrigeration Monitoring Market Outlook, By End User (2018-2027) ($MN)      
33 Global Refrigeration Monitoring Market Outlook, By Hospitals (2018-2027) ($MN)       
34 Global Refrigeration Monitoring Market Outlook, By Residential (2018-2027) ($MN)      
35 Global Refrigeration Monitoring Market Outlook, By Food & Beverages (2018-2027) ($MN)      
36 Global Refrigeration Monitoring Market Outlook, By Retail (2018-2027) ($MN)      
37 Global Refrigeration Monitoring Market Outlook, By Warehouse (2018-2027) ($MN)      
38 Global Refrigeration Monitoring Market Outlook, By Chemicals (2018-2027) ($MN)      
39 Global Refrigeration Monitoring Market Outlook, By Pharmaceuticals (2018-2027) ($MN)      
40 Global Refrigeration Monitoring Market Outlook, By Manufacturing (2018-2027) ($MN)      
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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