Cold Chain Equipment Market to be Worth $410 Billion by 2030
Meticulous Research ® —a leading global market research company, published a research report titled, ‘ Cold Chain Equipment Market by Type (Storage, Transportation, Associated, Temperature Monitoring Devices), Industry (Pharmaceuticals & Biotechnology, Food Processing, Bakery & Confectionery, Brewery & Winery) and Geography - Global Forecast to 2030 .’ According to this latest publication from Meticulous Research ® , the cold chain equipment market is projected to reach $410 billion by 2030, at a CAGR of 11.8% from 2023 to 2030. The growth of this market is driven by the growing need to transport & store temperature-sensitive products, the globalization of food supply chains, and the expansion of the pharmaceutical industry. Additionally, the technological advancements in cold chains are expected to create market growth opportunities. However, high energy consumption restrain the growth of this market. Regulatory standards & complian...