Smart Reefer Container are Just the Start: How Connected Assets Will Drive the Digital Supply Chain Revolution

The smart reefer container market accounted to US$ 823.81 Mn in 2018 and is expected to grow at a CAGR of 8.5% during the forecast period 2019 - 2027, to account to US$ 1,665.35 Mn by 2027.

The US Food and Agriculture Organization (FAO) has anticipated the requirement of food production to grow by ~70 % by 2050, owing to the continuous increase in the global population. With the projected global population of 9.2 Bn by 2050, the need for essential food transport facilities will also increase. For instance, the rising population in regions such as Africa, Eastern Europe, and Latin America; the demand for fresh vegetables, fruits, and other perishable commodities has also increased.

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The global smart reefer container market is segmented into five major regions, including North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Europe is the largest exporter of food & and beverages throughout the globe. Therefore, an increase in the production capacity of food products, it has raised the requirement for the cold storage capacity for further transportation and maintenance. Furthermore, the IT spending of the organizations in Europe is high, which is expected to support the growth of the smart reefer container during the forecast period. 

The report segments the global smart reefer container market as follows:

Global Smart Reefer Container Market - By Offerings

  • Hardware
    • Pressure Sensors
    • Temperature Sensors
    • Humidity Sensors
    • Gas Sensors
    • Position Sensors
    • Others
  • Software
  • Service

Global Smart Reefer Container Market - By Technology

  • GPS
  • Cellular
  • Long Range Wide Area Network
  • Bluetooth Low Energy (BLE)
  • Others

Global Smart Reefer Container Market - By Reefer

  • 10GP
  • 20GP
  • 40GP
  • 40HQ
  • 45HQ

Global Smart Reefer Container Market - By End-User Industry

  • Food & Beverage
  • Pharmaceutical
  • Oil & Gas
  • Chemicals
  • Military & Defense

The major companies offering smart reefer container market include ORBCOMM Inc., Wireless Links Inc., Traxens, Globe Tracker, ApS, Hapag-Lloyd AG, Nexxiot AG, Maven Systems Pvt. Ltd., AikSphere Technologies Inc., Tracker Systems, Inc., Thermo King Corporation, Arviem AG, Sealand

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