Cold Chain Equipment Market (Type - Storage Equipment, and Transportation Equipment; Application - Dairy and Frozen Desserts, Bakery and Confectionary, Processed Food, Pharmaceuticals, and Vegetables and Fruits): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on cold chain equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional cold chain equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cold chain equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cold chain equipment market.

Market Insight:

The global cold chain equipment market was valued at USD 17.98 billion in 2022 and is expected to reach USD 111.29 billion in 2030, with a CAGR of over 22.4% during the forecast period 2023-2030.

Cold chain equipment is a category of specialized tools and devices that play a vital role in preserving the quality and integrity of perishable products, pharmaceuticals, vaccines, and other temperature-sensitive items throughout the entire supply chain. This equipment is designed to ensure that these products are stored, transported, and distributed under controlled temperature conditions, thereby safeguarding their efficacy and quality. Cold chain equipment encompasses a range of storage options for maintaining controlled temperatures of temperature-sensitive products. These options include various sizes and configurations, such as walk-in cold rooms, reach-in refrigerators, and chest freezers. These equipment types are widely used and serve as common solutions for storing temperature-sensitive goods.

The market experiences significant growth due to an increasing consumer demand for processed food. The cold chain equipment plays a vital role in the food and beverage industry. It brings numerous benefits in terms of food safety, cleanliness, health, and environmental considerations. The growing demand for processed food, driven by changing lifestyles, urbanization, increasing purchasing power, and population growth, has led to a heightened need for this equipment. The market experiences significant growth due to the positive impact of food safety and quality regulations on the industry. The implementation of stringent regulations and standards for food safety and quality has driven businesses to invest in cold chain equipment, ensuring the preservation of product integrity across the entire supply chain. The cold chain in food has global and environmental climate change hamper the growth of the market. The expansion of the cold chain in the food industry presents a significant environmental challenge due to the greenhouse gas emissions and energy-intensive nature of refrigeration. The equipment utilized in the cold chain for food contributes to both regional and global climate change, emitting pollutants directly and indirectly. The market presents growth opportunities through the emergence of innovative and sustainable technologies in emerging markets. The growth of the middle class and rising temperatures are fueling the demand for equipment and infrastructure upgrades in the cold chain industry. This surge in demand is driving the need for advancements in cold chain technologies, including energy-efficient refrigeration systems, enhanced insulation materials, and advanced monitoring tools.

The Asia Pacific region's cold chain equipment industry is experiencing rapid growth due to the rising demand for fresh and frozen food, pharmaceuticals, and other perishable goods. There is a growing awareness of the importance of maintaining product quality and safety during transportation and storage in this region, which is home to several major population centers worldwide.

Report Scope of the Cold Chain Equipment Market:

Segment Covered

The report on global cold chain equipment market covers segments such as type, and application. On the basis of type, the sub-markets include storage equipment, and transportation equipment. On the basis of application, the sub-markets include dairy and frozen desserts, bakery and confectionary, processed food, pharmaceuticals, and vegetables and fruits.

Companies Profiled:

The report provides profiles of the companies in the market such as Carrier, Intertecnica, ebm-papst, INCOLD S.P.A, Kason Industries, Inc., CHG Europe BV, Kelvion Holding GmbH, Schmitz Cargobull, Rivacold srl, and CAREL INDUSTRIES S.p.A..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cold chain equipment market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.