Decentralized Cold Storage Market to Grow with a CAGR of 4.19% through 2029
Increasing demand for cold storage capacity and need to reduce post-harvest losses of perishable goods are likely to drive the Market in the forecast period.
According to
TechSci Research report, “Decentralized Cold Storage Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029”,
the Global Decentralized Cold Storage Market is experiencing a surge in demand in
the forecast period. A primary driver of the global Decentralized Cold Storage
market is the escalating cybersecurity concerns surrounding digital assets.
With the proliferation of cryptocurrencies and the increasing value of digital holdings,
the susceptibility to cyber threats such as hacking and unauthorized access has
become a critical issue. Decentralized Cold Storage addresses this challenge by
providing a secure, offline environment for storing private keys associated
with digital assets.
In
the face of sophisticated cyber attacks, individuals and institutions are
increasingly recognizing the vulnerability of online storage methods.
Decentralized Cold Storage, with its emphasis on offline storage and
decentralized architecture, offers a robust solution to enhance asset protection.
This driver is fueled by the growing awareness that secure storage practices
are imperative in safeguarding against potential financial losses and ensuring
the long-term viability of digital asset portfolios. As a result, the demand
for Decentralized Cold Storage is expected to rise as users seek advanced
security measures in the evolving landscape of digital asset management.
Another
significant driver propelling the global Decentralized Cold Storage market is
the increasing institutional adoption of digital assets. Traditional financial
institutions, hedge funds, and corporations are recognizing the value and
potential returns offered by cryptocurrencies and other digital assets. As
these institutional players enter the digital asset space, the demand for
secure storage solutions becomes paramount, driving the growth of Decentralized
Cold Storage.
Institutions
often have stringent security and compliance requirements, and Decentralized
Cold Storage aligns with these expectations by offering an offline and
decentralized approach to key management. The entry of institutional investors
into the cryptocurrency market represents a transformative shift, bringing with
it a surge in demand for secure storage options that cater to large-scale asset
management. This driver signifies the pivotal role of Decentralized Cold
Storage in meeting the specific needs of institutional players, contributing to
the market's expansion as digital assets become an integral part of diversified
investment portfolios.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on "Global Decentralized Cold Storage Market.”
The Global Decentralized
Cold Storage Market is segmented into size, type, end user and region.
Based on type, The
food and beverages industry segment held the largest Market share in 2023. The
food and beverages industry are the dominating sector in the global
decentralized cold storage market due to the following reasons for instance,
Food and beverages are highly perishable goods that require proper temperature
control to maintain their freshness, quality, and safety. Decentralized cold
storage solutions offer a more flexible and cost-effective way to store
perishable goods compared to traditional centralized cold storage facilities.
The global
demand for cold storage capacity is increasing due to factors such as
population growth, rising disposable incomes, and urbanization. Decentralized
cold storage solutions can be easily scaled to meet the growing demand for cold
storage capacity.
Post-harvest
losses of food and beverages are a major problem, particularly in developing
countries. Decentralized cold storage solutions can help to reduce post-harvest
losses by providing farmers and other food handlers with access to affordable
and reliable cold storage.
The growth of
online grocery shopping is driving the demand for decentralized cold storage
solutions. Online grocery retailers need to have access to cold storage
capacity to store and distribute perishable goods.
The food supply
chain is becoming increasingly complex and diversified. Decentralized cold
storage solutions can help to improve the efficiency and resilience of food
supply chains.
Based on size,
The Small containers segment held the largest Market share in 2023.
Flexibility: Small containers can be easily transported and deployed in various
locations, making them ideal for decentralized cold storage applications. This
flexibility is particularly beneficial for farmers, small businesses, and
communities in remote areas that may not have access to traditional cold
storage facilities.
Small containers
are generally less expensive than traditional cold storage facilities, both in
terms of initial investment and ongoing operating costs. This
cost-effectiveness makes them a more affordable option for smaller-scale users.
Small containers
can be easily scaled to meet changing storage needs. As demand for cold storage
increases, additional containers can be added to the system. Conversely, if
demand decreases, containers can be removed from the system.
Small containers
can be made from recycled materials and can be used for multiple purposes,
making them a more sustainable option than traditional cold storage facilities.
Small containers
can be designed to be energy efficient, using less power to maintain the
desired temperature. This can help to reduce operating costs and environmental
impact.
Major companies
operating in the Global Decentralized Cold Storage Market are:
- Carrier Global Corporation
- Daikin Industries Ltd
- Emerson Electric Company
- Burris Logistics
- Trane Technologies Company LLC
- Agility Holdings Inc.
- AFE Group Ltd
- Americold Reality Trust Inc. .
- Wabash National Corporation
- Nippon Express Co. Ltd
Download FreeSample Report
Customers can
also request for 10% free customization on this report.
“The Global Decentralized
Cold Storage Market is expected to rise in the upcoming years and register a
significant CAGR during the forecast period. The primary driver of the global
Decentralized Cold Storage market is the escalating demand for heightened
security in managing digital assets. With the increasing prevalence of cyber
threats and the surge in institutional adoption of cryptocurrencies, there is a
pressing need for robust storage solutions. Decentralized Cold Storage
addresses this demand by providing a secure offline environment for
safeguarding private keys. As businesses and investors prioritize asset
protection, the market for Decentralized Cold Storage is driven by the
recognition that offline, decentralized storage offers a resilient defense
against cyber vulnerabilities, ensuring the secure management of valuable
digital holdings. Therefore, the Market of Decentralized Cold Storage is
expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Decentralized
Cold Storage Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2019-2029 Segmented By Size (Small Container (20 Feet), Large
Container (40 Feet), and High Cube Container), By Type (Dry Storage Container,
Refrigerated Container, and Tank Container), By End User (Food & Beverages,
Consumer Goods, Others), By Region, By Competition”, has evaluated
the future growth potential of Global Decentralized Cold Storage Market and
provides statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Decentralized Cold Storage Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com