Mexico Cold Chain Temperature Monitoring Market Size & Outlook
Mexico cold chain temperature monitoring market, 2017-2027 (US$M)
Related Markets
Mexico cold chain temperature monitoring market highlights
- The Mexico cold chain temperature monitoring market generated a revenue of USD 181.9 million in 2020 and is expected to reach USD 549.0 million by 2027.
- The Mexico market is expected to grow at a CAGR of 17.1% 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 181.9 million |
| Market revenue in 2027 | USD 549.0 million |
| Growth rate | 17.1% (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, Mexico accounted for 2.3% 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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Mexico 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 83.01% in 2020. Horizon Databook has segmented the Mexico cold chain temperature monitoring market based on hardware, software covering the revenue growth of each sub-segment from 2017 to 2027.
The Ministry of Energy, Mexico launched the Development Program of the National Electric System (PRODESEN) 2018 – 2032 in May 2018. Under this program, the government planned to add 66.91 GW of additional power capacity across the country to satisfy the expected power demand until 2032.
Growing installation of power plants is projected to drive the demand for natural gas generator sets in Mexico as generator sets of medium and high-power rating are used in power plants as a backup power source for the station’s critical auxiliary equipment.
Mexico is adopting multiple coordinated strategies to develop and support a well-structured manufacturing base. Most of these initiatives are intended to address the present weaknesses in the value proposition of manufacturing industries in Mexico. Thus, growing manufacturing industry is projected to drive the demand for natural gas gensets in the region.
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Target buyers of Mexico 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 Mexico cold chain temperature monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cold chain temperature monitoring market from 2017 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico cold chain temperature monitoring market size, by component, 2017-2027 (US$M)
Mexico Cold Chain Temperature Monitoring Market Outlook Share, 2020 & 2027 (US$M)
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