Refrigeration Monitoring Market

The refrigeration monitoring market is projected to grow from USD 7.4 billion in 2020 to USD 11.1 billion by 2025; it is expected to grow at a CAGR of 8.3% from 2020 to 2025. Key factors fueling the growth of this market include changing food consumption patterns, shifting consumer preference for organic food products, increasing demand for high-quality packed food products, growing demand for temperature-sensitive drugs, high disposable income, and the need to reduce food wastage.

Refrigeration Monitoring companies include:

• Emerson (US),
• Danfoss (Denmark),
• Monnit (US),
• TE Connectivity (Switzerland),
• Zebra Technologies (Zebra) (US),
• Texas Instruments (US),
• ORBCOMM (US),
• Controlant (Iceland),
• Samsara (US),
• Smart Sense (Digi International) (US),
• Berlinger (Switzerland),
• Tempmate (Germany),
• Tek Troniks (UK),
• Sensaphone (US),
• Swift Sensors (US),
• Proges-plus (France),
• EpiSensor (Ireland),
• Cargo Data Corporation (US),
• Vaisala (Finland),
• Oceasoft (France).

These companies focus on adopting both organic and inorganic growth strategies, such as product launches, expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their position in the market.

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Top Players in Refrigeration Monitoring Market:

Emerson (US) was one of the leading companies in the refrigeration monitoring market in 2019 with a focus on the refrigeration monitoring sensors. The refrigeration monitoring solutions of the company are offered under its Climate Technology division in the Commercial & Residential Solution business unit. It manufactures and develops refrigerator components and monitoring solutions for the residential, commercial, and industrial sectors. Emerson delivers a wide range of refrigeration monitoring solutions such as standard, programmable & Wi-Fi thermostats, sensors, thermistors, and control systems. Emerson has adopted the strategy of collaboration to strengthen its position in the market.

• In February 2019, Emerson and HID Global (US) announced a strategic collaboration to enhance monitoring capabilities that help healthcare providers ensure the proper temperature for vaccines, medications, and other bio-specimens. The temperature monitoring and control solution combines Emerson’s expertise in environmental monitoring and the behind-the-scenes refrigeration network known as the cold chain with HID Global’s broad spectrum of connected health systems and Internet of Things solutions, enabled by Bluvision.

Monnit (US) is a key player in the refrigeration monitoring ecosystem, serving customers spread across different areas. The company has 3 sensor families, namely, environmental sensors, power sensors, and motion sensors. The company offers low-cost, wireless, remote monitored, and cloud connected simple sensors to monitor refrigeration units. The company has a presence in more than 85 countries in North America, Europe, and APAC though distribution partnerships.

Monnit has adopted product launches & developments as a key growth strategy to increase its production efficiency and gain a competitive edge over other players in the market.

• In April 2019, Monnit launched a new Ethernet gateway with enhanced data and network integration features. The new gateway has an updated SNMP interface; in addition to integers, the new gateway has additional OIDs to present the same data in HEX and string (human readable) format.

Related Reports:

Refrigeration Monitoring Market by Offering (Hardware, Software, and Service), Sensor (temperature, defrost, touch, liquid level, gas detector, contact, motion detector, pressure), Application, Industry, and Region - Global Forecast to 2025

See Also :

Industrial Refrigeration Companies

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]