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 growth in the cold chain equipment market is instigated by the rising adoption of cold chain infrastructure, especially in the pharmaceutical, agriculture, and food and beverage industries, to sustain food, vaccines, and crops for a longer duration while reducing preservatives and processing. Further, growing international trade and logistics have stimulated the adoption of cold chain infrastructure such as multi-modal transportation and cross-border cold storage to facilitate the smooth exchange of goods by complying with regulatory standards. For instance, India’s Integrated Cold Chain and Value Addition Infrastructure scheme promotes integrated and complete cold chain facilities without any break from the farm gate to the consumer, to reduce losses by improving efficiency in farmers’ produce, storage, transportation, and minimal processing. Both horticultural and non-horticultural produce are eligible for support under this scheme. Under this scheme, as of December 2022, a cold storage capacity of 8.38 lakh MT has been created.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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