Canada Cold Chain Temperature Monitoring Market Size & Outlook
Canada cold chain temperature monitoring market, 2017-2027 (US$M)
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Canada cold chain temperature monitoring market highlights
- The Canada cold chain temperature monitoring market generated a revenue of USD 346.6 million in 2020 and is expected to reach USD 1,326.0 million by 2027.
- The Canada market is expected to grow at a CAGR of 21.1% from 2021 to 2027.
- In terms of segment, hardware was the largest revenue generating component in 2020.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Cold chain temperature monitoring market data book summary
| Market revenue in 2020 | USD 346.6 million |
| Market revenue in 2027 | USD 1,326.0 million |
| Growth rate | 21.1% (CAGR from 2020 to 2027) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Berlinger & Co AG, ELPRO Global, Spectris PLC, Carrier Global Corp Ordinary Shares, CSafe Global |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global cold chain temperature monitoring market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. cold chain temperature monitoring market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,326.0 million by 2027.
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Cold Chain Temperature Monitoring Market Scope
Cold Chain Temperature Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cold chain temperature monitoring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold chain temperature monitoring market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 81.1% in 2020. Horizon Databook has segmented the Canada cold chain temperature monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2027.
The commercial and industrial sectors generate the highest demand for back-up power systems in the country. Numerous energy-intensive industrial activities are the key catalysts for the growing electricity demand from industrial sector.
This trend is expected to continue as the country seeks to increase its oil & gas pipeline infrastructure, which is expected to fuel the demand for additional refineries requiring a tremendous amount of back-up power systems for standby power in an emergency.
The demand for backup power systems in industrial and commercial applications is projected to drive the product demand in the country over the forecast period. Moreover, the Western Canadian Sedimentary Basin comprising Alberta, British Columbia, and Saskatchewan is a major natural gas producing area in Canada.
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Target buyers of Canada cold chain temperature monitoring market databook
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Our clientele includes a mix of cold chain temperature monitoring market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada cold chain temperature monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Canada cold chain temperature monitoring market from 2017 to 2027, including revenue numbers, major trends, and company profiles.
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Canada cold chain temperature monitoring market size, by component, 2017-2027 (US$M)
Canada Cold Chain Temperature Monitoring Market Outlook Share, 2020 & 2027 (US$M)
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