Pet Monitoring Camera Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2032
The pet monitoring camera market is expected to be valued around $54.3 million by 2022. Market size is anticipated to reach US$ 93.5 Mn by 2032, growing at a 5.5 percent CAGR.
The market for pet monitoring cameras is being driven by the rising consumer desire for advanced technology to ensure the security and well-being of pets, and this trend will persist over the projected period.
Due to its numerous functions, pet monitoring cameras, a ground-breaking technology, have gained popularity in the market. the one-way video functionality sector, which dominated the global market.
However, the two-way video and audio functionality sector will outgrow the one-way video segment throughout the projected period due to shifting consumer preferences for multifunctional cameras.
These gadgets help owners engage visually with their dogs, feed them on schedule, get them to play, and captivate them.
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Several major, small, and medium-sized businesses throughout the world are rapidly investing in the IoT market. The transition of most organisations to IoT is projected to have an influence on a range of sectors, including pet monitoring cameras.
“The pet monitoring camera market has gone through a significant transformation, from a functional product to a stylish one. Consumers prefer different varieties of a product category for different reasons. Manufacturers are therefore launching different cameras offerings to cater to this factor” says an FMI analyst.
Who is leading?
The leading companies in pet monitoring camera are paving the way forward with strategic collaborations and development which are focused on innovating new technology. This has helped in bolstering the sales growth.
Some of the key players in the pet monitoring camera market include Petcube, Acer Inc., Furbo, Hangzhou Hikvision Digital Technology Co. Ltd., Lenevo Group Ltd., PetChatz LLC, Vimtag Technology Co. LTD, Wagz Inc., Zmodo, Pawbo, Motorola, Cleverdog and others
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According to the research report published by MarketsandMarkets, the "Refrigerated Transport Market size is estimated to be valued at USD 113.4 billion in 2022 and is projected to reach USD 160.7 billion by 2027, recording a CAGR of 7.2% during the forecast period in terms of value.
https://www.globenewswire.com/....news-release/2022/11
The refrigerated transport market is primarily driven by the growing demand for perishable products such as fresh fruits & vegetables across the globe. Moreover, the sudden outbreak of pandemic has significantly changed the retail supply chain of these perishable products. Most of the retail players has shifted to home delivery service which in turn promote the demand for refrigerated vehicles across the globe. In addition, the growth of refrigerated transport is supported by the substantial growth of supermarket and hypermarket across emerging economies including China and India.
Among various technologies, fully electrified refrigerated transport is anticipated to witness the highest growth rate over the forecast period. With the introduction of stringent policies for reducing the carbon footprint by various governments is promoting the electric refrigerated transport across the globe.
What is the market size of refrigerated transport market?
https://www.prnewswire.com/new....s-releases/refrigera
Chilled food was the largest application segment in the global refrigerated transport market and is expected to maintain the dominance over the forecast period. The refrigerated vehicle moves wide range of food products including chilled and frozen food products. Frozen food products including ice-cream, frozen dairy products, processed meat, fish & sea food, and bakery products.
Europe was the largest region for the refrigerated transport market in 2022. Europe has a large and mature market with stable demand for most fresh fruit and vegetables. Germany is one of the largest markets for refrigerated vehicles in Europe. The country is a major importer & exporter of agricultural commodities and processed food & beverage products. The major export destinations from Germany are the US, France, the UK, and the Netherlands. The top import origins are, the Netherlands, France, the US, and Italy. Germany primarily imports fruits & vegetables and dairy products. These market trends are anticipated to boost the sales of refrigerated transport over the forecast period.
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