Cold Chain Equipment Market By Product Type (Refrigerated Storage Equipment, Refrigerated Transport Equipment, Cold Chain Monitoring Equipment), By Application (Food and Beverages, Pharmaceuticals and Healthcare, Chemicals); Global Insights & Forecast (2024 - 2030)

As per Intent Market Research, the Cold Chain Equipment Market was valued at USD 19.8 Billion in 2024-e and will surpass USD 44.9 Billion by 2030; growing at a CAGR of 14.6% during 2025 - 2030.

The cold chain equipment market is experiencing significant growth as industries increasingly recognize the importance of maintaining temperature-controlled supply chains to preserve the quality and safety of sensitive products. Cold chain logistics play a crucial role in sectors such as food and beverages, pharmaceuticals, and chemicals, where temperature-sensitive goods require precise control and monitoring throughout the supply chain. As global trade continues to expand and the demand for perishable products rises, the need for efficient cold chain systems, including refrigerated storage, transport, and monitoring solutions, has surged.

Refrigerated Storage Equipment Leads the Market Due to Growing Demand for Perishable Goods

Refrigerated storage equipment is the largest product type in the cold chain equipment market, driven by the rising global demand for perishable goods. This includes fruits, vegetables, dairy products, meat, and pharmaceuticals, which require stable and controlled environments to maintain their freshness and efficacy. Refrigerated storage solutions, such as walk-in coolers and freezers, are critical for storing these goods before they are transported or sold.

The food and beverage industry, in particular, accounts for a significant share of refrigerated storage equipment demand, as it requires large-scale storage capabilities for various perishable products. With the growing emphasis on food safety regulations, the need for reliable and energy-efficient refrigerated storage solutions is expected to continue rising. Additionally, the pharmaceutical sector relies on refrigerated storage to store vaccines and other temperature-sensitive medications, contributing to the overall demand for this equipment.

Cold Chain Monitoring Equipment Grows Rapidly Due to Technological Advancements

Cold chain monitoring equipment is the fastest-growing segment in the market, as advancements in technology continue to improve the ability to track and manage temperature-sensitive goods throughout the supply chain. Cold chain monitoring systems, which include temperature and humidity sensors, GPS tracking, and real-time monitoring software, ensure that products are kept within specified temperature ranges during transit and storage. These systems are essential for maintaining product quality, reducing spoilage, and complying with regulations in industries such as food, pharmaceuticals, and chemicals.

As supply chains become increasingly global and complex, the demand for cold chain monitoring equipment is growing. Innovations in IoT (Internet of Things) and AI-powered solutions are making it easier for businesses to monitor and manage cold chains remotely, allowing for quicker responses to temperature deviations and improving overall supply chain efficiency. As a result, cold chain monitoring is expected to play a pivotal role in driving market growth, especially in the pharmaceutical and healthcare sectors, where the need for precise temperature control is critical.

Food and Beverages Industry Dominates the Market Due to Perishable Product Demand

The food and beverages industry is the largest end-user sector for cold chain equipment, accounting for a significant portion of market demand. This industry relies heavily on cold chain logistics to preserve the freshness, safety, and quality of perishable products. The demand for refrigerated storage and transport solutions continues to rise with the increasing global trade in food products, the expansion of grocery delivery services, and the growing preference for fresh and organic food options.

Cold chain equipment is integral to ensuring the safe handling of products such as frozen foods, dairy, meat, and seafood. Additionally, the rise in consumer demand for convenience foods, which often require temperature-controlled storage and transport, further bolsters the market. As food safety standards become more stringent and consumer expectations rise for fresh, high-quality products, the food and beverages sector will remain a key driver of the cold chain equipment market.

Asia-Pacific region drives rapid growth in cold chain equipment market

The cold chain equipment market has seen significant growth, with the Asia-Pacific (APAC) region emerging as the fastest-growing market. This growth is primarily driven by the increasing demand for perishable goods, pharmaceuticals, and the rising need for food safety and quality during transportation. The growing population and urbanization in countries like China and India, along with expanding e-commerce in the region, have further amplified the demand for cold storage and refrigeration solutions. Moreover, improvements in infrastructure and government support for temperature-controlled logistics have fueled the development of cold chain networks, making APAC a key player in the market.

Competitive Landscape

The cold chain equipment market is competitive, with key players such as Carrier Global Corporation, Thermo King Corporation, Daikin Industries, and Liebherr Group leading the industry. These companies focus on product innovation, efficiency, and sustainability to meet the growing demand for temperature-controlled solutions across various industries.

Leading manufacturers are increasingly integrating advanced technologies such as IoT sensors and cloud-based monitoring systems to improve the efficiency and reliability of cold chain logistics. They are also focusing on energy-efficient solutions to reduce operational costs and minimize environmental impact. With the global expansion of e-commerce and the continued growth in international trade, competition in the cold chain equipment market is expected to intensify as companies strive to offer comprehensive, high-performance, and cost-effective solutions for the storage and transportation of perishable goods.

List of Leading Companies:

• Thermo Fisher Scientific
• Emerson Electric Co.
• Carrier Global Corporation
• Danfoss
• Daikin Industries
• Panasonic Corporation
• Schneider Electric
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Johnson Controls
• United Technologies Corporation (UTC)
• Linde Group
• Sanden Corporation
• Maersk Line
• Groupe PSA (Peugeot)

Recent Developments:

• Thermo Fisher Scientific launched a new, energy-efficient refrigerated storage solution in January 2025 for pharmaceutical and healthcare applications.
• Carrier Global Corporation expanded its cold chain solutions in December 2024 with a new line of IoT-enabled monitoring devices for real-time temperature control.
• Danfoss introduced a new series of environmentally friendly refrigeration systems in November 2024, aimed at reducing energy consumption in cold storage facilities.
• Emerson Electric Co. announced a partnership in October 2024 with a logistics company to implement advanced refrigeration technologies in their cold chain transport network.
• Daikin Industries unveiled a new line of low-carbon refrigeration units for cold storage in September 2024, focusing on sustainability and cost efficiency.

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