Product Code: GVR-4-68038-787-2
Cold Chain Equipment Market Growth & Trends:
The global cold chain equipment market size is estimated to reach USD 67.27 billion by 2030, expanding at a CAGR of 22.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. This industry produces, distributes, and services equipment used to maintain the quality and safety of temperature-sensitive products during storage and transportation. This includes refrigerated trucks, refrigerators, freezers, and other specialized equipment designed to keep products within a specific temperature range. The market has grown in recent years due to increased demand for perishable goods such as food, pharmaceuticals, and chemicals. This has increased the need for efficient and reliable cold chain equipment to ensure that these products are delivered to their destination in good condition.
The pharmaceutical industry produces and distributes a wide range of medications, including vaccines, drugs, and biologics. These products must be stored and transported within a specific temperature range to ensure that they maintain their potency and efficacy. As the global demand for vaccines and biologics continues to increase, the need for cold chain equipment is also expected to rise.
This is because many of these products require specific storage and transportation conditions, which can be challenging in regions with limited access to reliable electricity or transportation infrastructure. For example, the COVID-19 pandemic has led to an unprecedented demand for vaccines that require cold chain equipment for storage and distribution. The Pfizer-BioNTech vaccine, for instance, must be stored at ultra-cold temperatures of -70°C to -80°C. The Moderna vaccine also requires cold chain equipment to maintain its efficacy.
In recent years, Internet of Things (IoT) sensors have become increasingly common in cold chain equipment. IoT sensors are small devices embedded in cold chain equipment such as refrigerators, freezers, and shipping containers. These sensors can measure temperature, humidity, and other environmental conditions and transmit that data to a central system. With the help of IoT sensors, real-time data can be collected and analyzed to monitor the cold chain equipment's condition and ensure that the product remains within the required temperature range.
If the temperature or humidity level exceeds the permitted range, an alert can be sent to the relevant personnel, who can immediately prevent product spoilage or degradation. By utilizing IoT sensors in cold chain equipment, businesses can improve their product quality and reduce the risk of product spoilage, leading to significant financial losses. Additionally, IoT sensors can provide valuable data for regulatory compliance and help improve the overall efficiency of the cold chain management process.
Cold Chain Equipment Market Report Highlights:
- The market's growth is majorly driven by the growing demand for frozen and chilled food products, the growth of the pharmaceutical industry, and growing international trade
- During the forecast period, transportation equipment is expected to witness the fastest CAGR. With the rise of e-commerce and global trade, the demand for perishable goods such as fresh produce, meat, and dairy products has increased. This has led to an increased need for temperature-controlled transportation equipment to ensure that these products are delivered in optimal condition
- The off-grid segment is expected to witness the fastest CAGR during the forecast period. Off-grid storage equipment can play a critical role in the cold chain equipment industry by providing reliable power to refrigeration units in areas where there is no access to the grid or where grid power is unreliable
- Asia Pacific market is anticipated to witness the fastest growth from 2025 to 2030. Many regional governments are implementing initiatives to reduce food wastage by improving cold chain infrastructure. For instance, India's National Centre for Cold Chain Development (NCCD) is working to develop a comprehensive cold chain infrastructure to reduce food wastage
- Some prominent market players include Thermo King, Carrier Transicold, Zanotti SpA, Viessmann, Schmitz Cargobull, Fermod, Intertecnica, ebm-papst Group, CAREL, Bitzer, Kelvion, Incold S.p.A., Rivacold srl, Kason Industries, Inc., and CHG Europe BV
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Cold Chain Equipment Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Cold Chain Equipment Market Equipment Type Outlook
- 4.1. Cold Chain Equipment Market, By Equipment Type Analysis & Market Share, 2024 & 2030
- 4.2. Storage Equipment
- 4.2.1. Storage equipment cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.2. On-grid
- 4.2.2.1. On-grid cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.3. Off-grid
- 4.2.3.1. Off-grid cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.4. Others
- 4.2.4.1. Others cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3. Transportation Equipment
- 4.3.1. Transportation equipment cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. Cold Chain Equipment Market Application Outlook
- 5.1. Cold Chain Equipment Market, By Application Analysis & Market Share, 2024 & 2030
- 5.2. Fruits & Vegetables
- 5.2.1. Fruits & Vegetables cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3. Fruit & pulp concentrates
- 5.3.1. Fruit & pulp concentrates cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4. Dairy Products
- 5.4.1. Dairy Products cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5. Fish, Meat, & Seafood
- 5.5.1. Fish, Meat, & Seafood cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.6. Processed Food
- 5.6.1. Processed Food cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.7. Pharmaceuticals
- 5.7.1. Pharmaceuticals cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.8. Bakery & Confectionaries
- 5.8.1. Bakery & Confectionaries cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.9. Others
- 5.9.1. Others cold chain equipment market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. Cold Chain Equipment Market: Regional Estimates & Trend Analysis
- 6.1. Cold Chain Equipment Market Share, By Region, 2024 & 2030, USD Million
- 6.2. North America
- 6.2.1. North America Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.5. Spain
- 6.3.5.1. Spain Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.6. Italy
- 6.3.6.1. Italy Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.7. Poland
- 6.3.7.1. Poland Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.8. Sweden
- 6.3.8.1. Sweden Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.9. Finland
- 6.3.9.1. Finland Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.10. Norway
- 6.3.10.1. Norway Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.11. Croatia
- 6.3.11.1. Croatia Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.12. Greece
- 6.3.12.1. Greece Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.3.13. Turkey
- 6.3.13.1. Turkey Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.2. India
- 6.4.2.1. India Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.3. China
- 6.4.3.1. China Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Japan Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.5. Australia
- 6.4.5.1. Australia Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4.6. South Korea
- 6.4.6.1. South Korea Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6.2. UAE
- 6.6.2.1. UAE Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Saudi Arabia Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Cold Chain Equipment Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Thermo King (Trane Technologies plc)
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Carrier
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. Zanotti S.p.A.
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Viessmann Group
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Schmitz Cargobull
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. Fermod
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Intertecnica (IK Interklimat S.p.A.)
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. ebm-papst
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. CAREL INDUSTRIES S.p.A.
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. BITZER Group
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. Kelvion Holding GmbH
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Product Benchmarking
- 7.4.11.4. Strategic Initiatives
- 7.4.12. ARNEG S.p.A.
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Product Benchmarking
- 7.4.12.4. Strategic Initiatives
- 7.4.13. Rivacold srl
- 7.4.13.1. Participant's Overview
- 7.4.13.2. Financial Performance
- 7.4.13.3. Product Benchmarking
- 7.4.13.4. Strategic Initiatives
- 7.4.14. Kason Industries, Inc.
- 7.4.14.1. Participant's Overview
- 7.4.14.2. Financial Performance
- 7.4.14.3. Product Benchmarking
- 7.4.14.4. Strategic Initiatives
- 7.4.15. Component Hardware Group, Inc.
- 7.4.15.1. Participant's Overview
- 7.4.15.2. Financial Performance
- 7.4.15.3. Product Benchmarking
- 7.4.15.4. Strategic Initiatives