Global cold chain monitoring market is projected to register a healthy CAGR of 13.5% in the forecast period of 2019 to 2026.
A cold chain monitoring is a monitoring solution being utilized during supply chain management. It helps in keeping track of the temperature, location, humidity and various other factors which can deteriorate the product properties and so it also helps in maintaining the levels of all the factors.
It helps in reducing the cycle time, operational costs and increases the shelf life of the products, productivity and supply chain efficiency. They also help to keep track of the inventory and helps in increasing its efficiency.
Many sensors and actuators are used for the monitoring process to check on the temperature and humidity levels. Sensors help in proper integration of cold chain monitoring from processing and production, transportation, storage to delivery and also provide high performance and up-to-date temperature data in any environment.
A cold chain is considered as one of the common practice in the industries such as pharmaceutical and food industries as these industries are particularly sensitive to temperature fluctuations.
Some of the major players operating in this market are Sensitech Inc., ORBCOMM, Berlinger & CO., Monnit Corp., Controlant, ELPRO-BUCHS AG, SecureRF Corporation, Savi Technology, Zest Labs, Infratab Inc., LINEAGE LOGISTICS HOLDINGS LLC, Klinge Corporation, DAIKIN INDUSTRIES Ltd., Nimble Wireless, Tagbox, Verigo, FreshSurety, Safetraces and others.