Cold Chain Monitoring Companies - Carrier (US) and Testo SE & Co. KGaA (Germany) are the Key Players

The global cold chain monitoring market size is expected to grow from USD 8.31 billion in 2025 to USD 15.04 billion by 2030, at a CAGR of 12.6% during the forecast period. The increasing global demand for temperature-sensitive products, including pharmaceuticals, vaccines, biologics, perishable foods, and specialty chemicals, primarily drives the growth of the cold chain monitoring market. Rising consumer expectations for product safety and quality, coupled with stringent government regulations on storage and transportation conditions, are pushing stakeholders to adopt advanced monitoring solutions. The growing emphasis on reducing product wastage, ensuring real-time visibility, and maintaining compliance with Good Distribution Practices (GDP) and other regulatory standards is accelerating adoption. Furthermore, rapid advancements in IoT, RFID, telematics, and cloud-based platforms enable real-time tracking, predictive analytics, and automated reporting, enhancing efficiency and traceability. Expanding e-commerce and cross-border trade of perishable goods further support the demand for robust cold chain monitoring solutions across developed and emerging markets.

The cold chain monitoring market features major players, such as Carrier (US), Testo SE & Co. KGaA (Germany), Cryoport Inc. (US), Controlant hf. (Iceland), and ORBCOMM (US). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, and partnerships, to strengthen their international footprint and capture a greater share of the cold chain monitoring market. These organic and inorganic strategies have allowed the market players to expand across geographies by offering cold chain monitoring hardware and software.

Major Cold Chain Monitoring Companies Include:

• Carrier (US)
• Testo SE & Co. KGaA (Germany)
• Cryoport Inc. (US)
• ORBCOMM (US)
• Controlant hf. (Iceland)
• Zebra Technologies Corp. (US)
• Xylem (US)
• Digi International Inc. (US)
• AgroFresh (US)
• Rotronic AG (Switzerland)

In March 2025, Carrier (through its Sensitech subsidiary) launched Lynx FacTOR, a transformative SaaS solution designed for the pharmaceutical cold chain. This platform automates end-to-end product release evaluations, consolidating disparate data sources to assess temperature excursions, batch stability, and compliance in minutes rather than days. Device-agnostic and 21 CFR Part 11-compliant, Lynx FacTOR streamlines decision-making, accelerates batch release cycles, and reinforces product quality and patient safety while enhancing operational efficiency and regulatory alignment.

In May 2023, ORBCOMM introduced the RT-8000, a next-generation, EN 12830-compliant telematics device tailored for refrigerated fleets across Europe. Built for superior connectivity, it includes three embedded SIMs, extensive wireless sensor support, and enhanced memory to deliver richer, faster data for compliance, temperature monitoring, fuel management, and remote control. Designed to boost operational efficiency and cargo integrity, the RT-8000 aims to reduce spoilage claims and elevate cold chain visibility with advanced automated insights.

Carrier is a diversified global leader in intelligent climate and energy solutions, serving customers in over 160 countries across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. Operating through its two primary business segments, i.e., HVAC and Refrigeration, the company delivers end-to-end cold chain monitoring and management capabilities under its Refrigeration segment. Carrier’s cold chain offerings integrate advanced refrigeration systems with digital telematics, IoT-enabled tracking devices, and data analytics to safeguard the quality, safety, and compliance of temperature-sensitive goods throughout storage and transportation.

A core strength in this domain stems from Carrier’s wholly owned subsidiary, Sensitech, a global leader in supply chain visibility and temperature assurance solutions. Sensitech’s portfolio spans real-time monitoring platforms, single-use and reusable data loggers, wireless site monitoring systems, and cloud-based analytics dashboards, enabling actionable insights to optimize operations and ensure regulatory compliance. Through Sensitech, Carrier also leverages the specialized expertise of Berlinger, a recognized innovator in precision temperature monitoring devices such as Q-tag and Fridge-tag indicators, SmartView analytics software, and compliant reporting tools.

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Testo SE & Co. KGaA, based in Titisee-Neustadt, Germany, develops measurement instruments for environmental monitoring, industrial automation, and quality control. Established in 1957, the company operates in over 35 countries with around 3,500 employees. For cold chain monitoring, Testo offers data loggers (testo 174 and 176 series) for storage, transport loggers (testo 184 series) for transit, online monitoring systems such as Saveris 1, and mobile monitoring through the testo Smart App. These solutions are used to track temperature-sensitive products in pharmaceuticals, food, and healthcare, supporting regulatory requirements like GxP and 21 CFR Part 11.

Markets Ranking

The cold chain monitoring market is competitive with Carrier (US), Testo SE & Co. KGaA (Germany), Cryoport Inc. (US), Controlant hf. (Iceland), and ORBCOMM (US) collectively commanding 16-26% of the total market share. Carrier, through its Sensitech and Lynx Digital Platform, holds the largest market share in the global cold chain monitoring market. The company leads with a comprehensive portfolio of solutions, including real-time monitoring devices (SmartMonitor, SmartView), data loggers (Q-tag), and cloud-enabled visibility platforms that ensure end-to-end cold chain integrity. Carrier further reinforces its market leadership by offering integrated IoT-enabled hardware and analytics-driven software, enabling pharmaceutical, healthcare, and food industries to comply with stringent regulatory standards while minimizing wastage. With a strong global footprint across North America, Europe, and Asia Pacific, the company continues to expand its digital capabilities through investments in advanced telematics, predictive analytics, and traceability solutions. By combining decades of expertise with continuous innovation, Carrier has established itself as the most trusted provider of cold chain monitoring solutions worldwide.