Refrigeration Monitoring Market is expected to reach US$ 15.42 Billion by 2031

Rise in Enforcement of Refrigerant Regulations Drives Refrigeration Monitoring Market

According to our latest market study on "Refrigeration Monitoring Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis — by Offering, Industry, Application, and Monitoring Types," the market was valued at US$ 9.04 billion in 2024 and is anticipated to reach US$ 15.42 billion by 2031; it is estimated to record a CAGR of 8.3% from 2025 to 2031. The report includes growth prospects in light of current refrigeration monitoring market trends and driving factors influencing the market growth.

A refrigerant leak has devastating repercussions. The leaky chemicals can harm the ozone layer. By recognizing the impact of refrigerants on the environment, countries are implementing regulations for refrigerants to address environmental and health concerns associated with their use. For example, the European Union's (EU) Regulation (EU) 2024/573 requires operators to perform leak checks or install leakage detection systems on equipment containing fluorinated greenhouse gases. Noncompliance can result in hefty fines; however, the amounts vary per member state. Regulatory frameworks such as the EPA, the AIM Act (American Innovation and Manufacturing Act), and Section 608 of the Clean Air Act are established to safeguard both the environment and public health. These agencies enforce guidelines on key environmental concerns, including air quality, emissions reduction, and hazardous waste management. Under Subsection (h) of the AIM Act, two key regulations have been proposed to reduce HFC emissions: transitioning to alternative technologies for refrigerant systems and implementing effective HFC refrigerant leak management practices. If a refrigerant leak goes undiscovered, one may face equipment problems, energy losses, and a daily punishment of up to US$ 37,500 for failing to comply with the Environmental Protection Agency (EPA) refrigerant management and reporting requirements. Entities across North America have faced such penalties. A few examples are mentioned below.

Refrigeration Monitoring Market Analysis – by Geography, 2023

Source: The Insight Partners Analysis

• In July 2024, a New York City supermarket agreed to pay a US$ 400,000 penalty for leaking 19 tons of R22 and R404A refrigerant over three years. The US Attorney's Office for the Southern District of New York filed a civil complaint against Gristede's Foods NY Inc., alleging violations of the Clean Air Act and the US EPA's Recycling and Emissions Reduction Rule (RER).
• JTR is responsible for the maintenance, service, repair, and disposal of appliances that use ozone-depleting refrigerants and replacements. In April 2022, the EPA claimed that JTR intentionally released R-22 and R-410a refrigerant on at least two occasions while servicing the units. JTR will pay a civil penalty of US$ 28,919 as part of the settlement and rectify the claimed infractions.

Refrigeration monitoring systems detect leaks in refrigeration systems. They monitor refrigerant concentration changes, allowing for early leak identification and repairs to maintain system performance and energy efficiency. Refrigerant leakage results in hefty penalties from regulatory organizations such as the EPA. To avoid fines and maintain compliance with environmental rules, businesses are increasingly investing in advanced monitoring systems that identify and effectively control refrigerant leaks, assuring both legal compliance and environmental preservation. For example, in February 2023, Danfoss partnered with retail technology company Lizard Monitoring to aid North American retailers with their Zero Food Waste (ZFW) goals. Lizard complements Danfoss' Alsense monitoring suite to ensure continuous temperature monitoring, providing store managers and food safety executives with detailed data on refrigeration performance and environmental compliance. Thus, the rising enforcement of refrigerant regulations drives the refrigeration monitoring market growth.

The scope of the refrigeration monitoring market report focuses on North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). In Europe, Germany held the largest refrigeration monitoring market share in 2024. Germany is one of the most important pharmaceutical locations globally. Germany is the largest European pharmaceutical market, owing to factors such as demographic change, an increase in chronic diseases, and a greater emphasis on preventive and self-medication. In 2023, pharmaceutical sector sales in Germany rose by 5.7% to US$ 62.58 billion (ex-manufacturer prices). There are ~600 pharmaceutical businesses in Germany. SMEs are the economic sector's backbone, with more than 90% of pharma producers employing less than 500 people. As the pharmaceutical industries are experiencing significant growth in Germany, the requirement for storage and cooling pharma products in hypermarkets and medical stores is increasing,

In North America, the US held the largest refrigeration monitoring market share in 2024. The refrigeration monitoring market in the US is an important part of the overall cold chain and commercial refrigeration sectors. With the rising demand for temperature-sensitive products, changing laws, and technological improvements, it is essential to ensure food safety, pharmaceutical integrity, and energy efficiency; due to this, various players across regions are indulging in the development of cold storage facilities. For example, in February 2024, United States Cold Storage Inc. planned to complete an 8.56 million cubic-foot refrigerated extension at its Tulare North warehouse in Tulare by February 2025. This US$ 75.7 million expansion will contain some of the industry's most advanced storage and retrieval systems, increasing the operation's overall space to more than 24.7 million cubic feet, the largest single footprint in the company's network. Thus, the expansion of cold storage facilities is driving the US refrigeration monitoring market growth.

Danfoss AS, TE Connectivity Ltd, KoolZone Ltd., Copeland LP, Samsara Inc, ORBCOMM Inc, Monnit Corporation, Tek Troniks Limited, Berlinger & Co. AG, Dickson Data, Sensaphone, Vaisala Oyj, OneEvent Technologies, Kitchen Brains, and Swift Sensors are among the key players profiled in the refrigeration monitoring market report. Several other major players were also studied and analyzed in the market report to get a holistic view of the market and its ecosystem. The market analysis provides detailed market insights, which help the key players strategize their growth. The refrigeration monitoring market forecast can help stakeholders plan their growth strategies.

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com