GLOBAL COLD CHAIN MONITORING MARKET TO GROW 10.8% (analized by GCCA Team)
The cold chain monitoring market worldwide is projected to grow by US$ 3.9 billion, driven by a compounded growth on 10.8%.
Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 9.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$ 4.7 billion by the year 2025. Hardware will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the US will maintain a 12.4% growth momentum. Within Europe, which continuous to remain an important element in the world economy. Germany will add over UD$ 176.1 million to the region’s size and clout in the next 5 to 6 years. Over US$ 178.4 million worth of projected demand in the region will come from the rest of the European markets. In Japan, Hardware will reach a market size of UD$ 349 million by the close of the analysis period. As the world’s secon largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.4% over the next couple of years and add approximately US$ 661.2 million in terms of addressable opportunity for the picking by aspiring business and their astute leaders.
Presented in visually rich grapics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.