Cold chain equipment market is anticipated to grow at a CAGR of 18.5% during the forecast period (2024-2031). The cold chain equipment includes refrigerators, vaccine carriers, insulated vans, stabilizers, and real-time temperature monitoring devices among others. The market’s growth is driven by the increasing adoption of cold chain infrastructure, and growing demand from the pharmaceutical and food and beverage industries. The growing industrialization, changes in consumer preferences, and government support are the major promoters of the global market. Further, the market is expected to be positively influenced by technological advancements such as IoT-enabled sensors, RFID tracking, and real-time monitoring.
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The rising trend of integrating IoT devices and smart technology such as real-time monitoring sensors, temperature sensors, and RFID tracking into cold chain equipment is expected to positively influence market growth, as cold chain logistics require such technology for data collection, shipment tracking, and monitoring, and supply chain efficiency. The advancement in IoT devices and smart technologies using artificial intelligence (AI) and machine learning (ML) is expected to enhance current cold chain equipment capabilities while paving the way for automation in cold chain warehousing and transport. For instance, in February 2021, Sensitech (Carrier Corp, Company, a leading supply chain visibility supplier, expanded its range of IoT devices to include air-carrier authorized and non-lithium battery variants for real-time shipment tracking while goods travel by plane. TempTale GEO and VizComm View products provide validated data for shipments of vaccines, pharmaceuticals, and test kits, allowing for essential accept/reject decisions across all modes of transportation (air, land, or sea).
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Cold Chain Equipment Market by Type
- Refrigerated Storage
- Transportation
Global Cold Chain Equipment Market by Industry Vertical
- Pharmaceuticals
- Food and Beverage
- Chemicals
- Others (Brewery, Healthcare)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Air Liquide Advanced Technologies
- Arctic Chiller Group
- BITZER Kühlmaschinenbau GmbH
- Blue Star Ltd.
- CAREL INDUSTRIES S.p.A.
- Cold Chain Technologies
- CSafe Group
- Kelvion Holding GmbH
- Piovan S.p.A.
- Peli BioThermal, Ltd.
- Sonoco Products Co.
- Temperatsure, LLC (Nordic Cold Chain Solutions)
- The Chemours Company
- Trane Technologies Company, LLC
- Vestfrost Solutions
- Viessmann Kühlsysteme GmbH
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cold chain equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
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