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The stringent regulations to control the safety of food are implemented by regulatory bodies such as food safety commission. Technavio’s market research report identifies that the stringent government regulations in the food and beverage industry will be one of the primary growth drivers for the global measurement and control systems for automated cold storage warehouses market till 2021. Such regulations are encouraging countries such as China to upgrade their existing cold storage warehouses and warehouse operations. The adoption of measurement and control systems for automated cold storage is increasing in Australia due to the rising investments in cold storage facilities. The food safety modernization act (FSMA), Canadian food inspection agency (CFIA), and European food safety authority (EFSA) are some of the regulatory bodies that positively influence the adoption of measurement and control systems in these warehouses. Furthermore, the rising need for efficiency among the end-user industries will further support the market. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.
In terms of geography, the Americas is witnessing growth in the measurement and control systems for automated cold storage warehouses market due to the presence of a highest number of cold chain storage establishments. The adoption of measurement and control systems is increasing in these establishments due to the rising demand for improved efficiency of these cold or refrigerator storage facilities. Also, the distribution requirements and the need to deliver quality products to consumers will drive the installation of cold storage facilities in the organized retail and E-commerce industries in the Americas.
The measurement and control systems for the automated cold storage warehouses market is characterized by the presence of many vendors. The installation and implementation of cold storage warehouses across the globe are enhancing the scope of opportunity for these cold storage companies. Vendors of the refrigerator storage market are differentiating their products and services to improve the quality of their products.
Key vendors in this market are -
Other prominent vendors in the market include ABB, Dematic, Emerson, Honeywell, Schneider Electric, Siemens, SSI SCHAEFER, Storage Control, and Watlow.
The hardware segment accounted for the majority market share during 2016 due to the growing need for controlling the temperature and other functions within a cold storage warehouse. PLC (programmable logic controller) device is one of the highly-efficient components that are capable of performing the functions of temperature controllers. The demand for hardware components in cold storage warehouses will continue to increase due to the rising number of cold storage warehouses in the food and beverage and pharmaceutical industries.
The adoption of cold storage warehouses is the maximum in the food and beverage industry. Also, the rising demand for fresh food products will further boost the number of freezer storage warehouses. The organized retail industry is witnessing growth and the preference of consumers to shop from these retailers is also increasing. This encourages the retailers, e-commerce vendors, and manufacturers to invest in automated cold storage facilities to preserve the quality of their food and beverage products.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by solution
PART 07: Market segmentation by end-user
PART 08: Regional landscape
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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