14-Apr-2022 | Zion Market Research
According to Zion Market Research study, Cold Chain Equipment market accrued ROI of approximately around US$ 108.60 billion in 2021 and is expected to gain income of almost US$ 205.80 billion in 2028. Apparently, Cold Chain Equipment industry is set to register humungous gains of nearly 9.8% in time interval of 2022 to 2028. Moreover, growth of cold chain equipment industry over forecasting years can be credited to need for storing vaccines and medicines in cold boxes or refrigerators. In addition to this, strict laws ensuring safety of food & pharmaceuticals at time of transit will boost growth of cold chain equipment market. Apparently, temperature sensitive medical equipment including insulin, vaccines, and biotech instruments require cold storage for preserving them and this has expedited use of cold chain equipment. Outbreak of COVID-19 and its swift spread had increased transport of various kinds of medicines as well as clinically tested samples across globe. This has led to la labs & firms requiring cold chain device for storing these products during transit. Massive demand for processed food & hygiene will define growth of cold chain equipment industry.
Pharmaceuticals To Be A Major Application Segment Of Cold Chain Equipment Over Forecasting Years
Growth of pharmaceuticals segment over forecasting timeframe is owing to massive requirement of safety of temperature sensitive drugs. Moreover, use of cold chain equipment for safely storing vaccines during transportation and need for retaining their properties will drive segmental growth.
North America To Account Nearly Half Of Overall Market Share By 2028
Expansion of cold chain equipment market in North America over forecasting timeline is subject to growing requirement for food & drug safety during transport. Apart from this, surging demand for seafood, fresh meat, and fruits & vegetables will propel regional market size. Surge in establishment of cold storage units and cold chain equipment manufacturers & providers in sub-continent will proliferate regional market size.
Some of major players leveraging cold chain equipment market growth and included in the study are AmeriCold Logistics LLC, Lineage Logistics, ColdEX Logistics, Preferred Freezer Services, LLC, Swire Cold Storage Pty. Ltd., Cloverleaf Cold Storage, A.B. Oxford Cold Storage Pty. Ltd., Bring Frigo S.L., Burris Logistics, Claus Sorensen Gruppen, and Columbia Colstor.
Browse the full “Cold Chain Equipment Market- By Equipment Type (Storage Equipment And Transportation Equipment) And By Application (Meat, Dairy & Frozen Desserts, Bakery & Confectionary, Processed Food, Pharmaceuticals, And Vegetables & Fruits): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/cold-chain-equipment-market
The global Cold Chain Equipment Market is segmented as follows:
By Equipment Type
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