The global real-time monitoring solutions for cold chain market size was valued at USD 12,427.8 million in 2023 and is expected to grow at a CAGR of 23.1% from 2024 to 2030. The rising demand for global real-time monitoring solutions in the cold chain market is driven by the need for greater control and efficiency in temperature-sensitive supply chains, particularly in industries such as pharmaceuticals, food and beverages, and chemicals. With stricter regulations on product safety, companies are increasingly adopting these solutions to ensure compliance with international standards.

Additionally, the growing trend of online retail, particularly for groceries and pharmaceuticals, is amplifying the need for precise cold chain management. Companies delivering fresh food, dairy, frozen products, and medicines must guarantee that their goods remain within ideal temperature conditions from dispatch to doorstep. Real-time monitoring solutions allow companies to provide end-to-end visibility into cold chain logistics, helping mitigate the risks of spoilage, reducing waste, and enhancing customer satisfaction through reliable delivery of fresh goods.

The integration of IoT (Internet of Things) devices in cold chain logistics is further driving demand for real-time monitoring solutions. IoT sensors placed within storage units and transport vehicles can continuously track environmental conditions and transmit data in real-time to centralized monitoring platforms. This ensures uninterrupted monitoring and reporting, providing companies with the ability to act immediately if parameters deviate from safe levels. The advent of AI and machine learning is also helping companies predict potential risks in the cold chain, optimize routes, and manage fleet operations more efficiently.

Gather more insights about the market drivers, restrains and growth of the Real-time Monitoring Solutions For Cold Chain Market

Key Real-time Monitoring Solutions for Cold Chain Company Insights

Some of the key companies operating in the market include Carrier (Sensitech), among others.

• Carrier (Sensitech) is a prominent player in real-time monitoring solutions for cold chain logistics, specializing in temperature monitoring and data logging technologies. Sensitech is a subsidiary of Carrier Global Corporation, a leading global provider of heating, ventilation, air conditioning, refrigeration, and fire and security solutions. It offers a range of temperature monitoring solutions designed to ensure the integrity of temperature-sensitive products throughout the cold chain. Their products include data loggers, wireless monitoring systems, and integrated software platforms that provide real-time tracking and data management.

• Accent Advanced Systems, SLU is a technology company specializing in advanced solutions for real-time monitoring in various industries, including cold chain logistics. Their offerings include advanced monitoring systems that track temperature and humidity, utilizing Internet of Things (IoT) technology for seamless data collection and transmission. These solutions provide stakeholders with real-time access to critical environmental data and alerts, supported by analytics software that helps optimize logistics operations and ensure compliance with regulatory standards.

Recent Developments

• In August 2024, Carrier (Sensitech) announced that it had completed the acquisition of Berlinger & Co. AG, a provider of temperature monitoring solutions for the cold chain logistics industry. This strategic acquisition aims to enhance Sensitech's product offerings and strengthen its position in the pharmaceutical and food sectors. This move aligns with Sensitech's commitment to delivering comprehensive solutions that meet the evolving demands of customers in global supply chains.

• In June 2024, ELPRO-BUCHS AG and Cold Chain Technologies announced a partnership to enhance cold chain monitoring solutions. This collaboration aims to integrate ELPRO's advanced temperature monitoring technology with Cold Chain Technologies' logistics expertise. Together, they will provide comprehensive solutions for temperature-sensitive products, ensuring compliance with regulatory standards and maintaining product integrity throughout the supply chain.

Global Real-time Monitoring Solutions For Cold Chain Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global real-time monitoring solutions for cold chain market report based on component, application, and region:

Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Sensors

o RFID Devices

o Telematics

o Networking Devices

o Others

• Software

o On-premise

o Cloud

Application Outlook (Revenue, USD Million, 2017 - 2030)

o Food & Beverages

o Pharmaceuticals

o Others

Regional Outlook (Revenue, USD Million, 2017 - 2030) 

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

• Middle East and Africa (MEA)

o KSA

o UAE

o South Africa

Order a free sample PDF of the Real-time Monitoring Solutions For Cold Chain Market Intelligence Study, published by Grand View Research.