The global refrigeration monitoring market is projected to reach $15.42 billion by 2031
From GlobeNewswire: 2025-03-13 08:32:00
The global refrigeration monitoring market is growing due to increased adoption in food and pharma industries for safety. Valued at US$ 9.04 billion in 2024, it’s projected to reach US$ 15.42 billion by 2031 with a 8.3% CAGR. Monitoring systems maintain safety standards, crucial in preventing foodborne illnesses and complying with regulatory guidelines.
Cloud and blockchain integration in refrigeration monitoring allows secure data storage and sharing, improving traceability and compliance. Blockchain technology enables real-time monitoring of temperature changes, enhancing product quality and ensuring complete traceability. This integration is set to be a trend in the refrigeration monitoring market, offering stakeholders valuable insights.
Artificial intelligence and machine learning enhance predictive analysis in refrigeration monitoring, anticipating potential issues like fridge breakdowns and optimizing temperature control. AI systems improve energy efficiency, reduce waste, and ensure regulatory compliance in cold chain management. Machine learning algorithms enhance operations, lower costs, and improve overall efficiency in preserving products.
The refrigeration monitoring market, valued at US$ 9.04 billion in 2024, is projected to reach US$ 15.42 billion by 2031 with an expected 8.3% CAGR. Monitoring systems are essential for maintaining safety standards in the food and pharmaceutical sectors, ensuring products are stored at optimal temperatures to prevent spoilage and contamination. Various companies in the refrigeration monitoring market, such as AGDickson and Vaisala Oyj, are implementing new strategies like product launches and joint ventures to stay ahead. Partnerships like ORBCOMM’s involvement in the Move to -15°C campaign are helping track and share telematics data for initiatives like Zero Food Waste (ZFW) goals. The market in North America is highly competitive due to technological advancements and increasing standards for food safety, pharmaceuticals, and medical storage. With North America leading in pharmaceutical revenues, there is significant growth potential for the refrigeration monitoring market globally. European markets are also expanding, with companies like Tesco using monitoring systems for cold chain logistics and energy efficiency. The Insight Partners report offers valuable insights for stakeholders to navigate this evolving market successfully and unlock new opportunities.
Read more at GlobeNewswire: Refrigeration Monitoring Market Size Worth $15.42 Billion