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Yahoo
3 days ago
- Business
- Yahoo
Track and Trace Solutions Market worth US$12.27 billion by 2030 with 12.0% CAGR
DELRAY BEACH, Fla., June 12, 2025 /PRNewswire/ -- The global Track and Trace Solutions Market, valued at US$6.20 billion in 2024 stood at US$6.96 billion in 2025 and is projected to advance at a resilient CAGR of 12.0% from 2025 to 2030, culminating in a forecasted valuation of US$12.27 billion by the end of the period. This is attributed to stringent regulatory requirements and rising concerns over product authenticity. Increasing mandates by governments and international bodies for serialization, aggregation, and real-time tracking, particularly in the pharmaceutical, food, and consumer goods sectors, are pushing companies to adopt advanced track and trace technologies. These solutions not only help ensure compliance but also enhance supply chain transparency, mitigate counterfeiting risks, and improve overall operational efficiency. Download PDF Brochure: Browse in-depth TOC on "Track and Trace Solutions Market" 375 - Tables51 - Figures338 - Pages By Based on technology, the predominant technology in the track and trace solutions market is 2D barcode technology. In 2024, the 2D barcodes segment accounted for the largest share of the technology market. It is primarily driven by its cost-effectiveness, ease of implementation, and high data storage capacity compared to traditional 1D barcodes. 2D barcodes, such as QR codes, can store more information, enabling better tracking and traceability of products throughout the supply chain. Their ability to be scanned quickly and accurately using smartphones and other devices enhances operational efficiency and improves real-time tracking. Additionally, 2D barcodes are widely adopted across various industries, including pharmaceuticals, consumer goods, and electronics, due to their ability to improve supply chain visibility, combat counterfeiting, and comply with regulatory requirements. Their scalability and flexibility also contribute to their growing popularity in the market. By Based on product, the software solutions segment held the dominant market share. The significant prevalence of this segment is due to the increasing demand for real-time visibility, improved data analytics, and seamless integration with enterprise systems. These solutions enable better supply chain management, regulatory compliance, and enhanced decision-making. Cloud-based software offers scalability, flexibility, and reduced upfront costs, making it more accessible for businesses of all sizes. Additionally, the growing need for security, transparency, and anti-counterfeiting measures in industries like pharmaceuticals and logistics further drives the adoption of software solutions. For instance, in May 2025, TrinaTracker launched an enhanced version of its Vanguard 1P Smart Tracking Solution, featuring advanced hardware upgrades and an improved Smart Control System, significantly boosting energy efficiency, installation speed, and terrain adaptability for global solar markets. By geography, In the year 2024, North America held the majority share of the global track and trace solutions market. The region has stringent regulatory frameworks, particularly in the pharmaceutical industry, such as the Drug Supply Chain Security Act (DSCSA), which mandates robust track and trace systems for drug safety and anti-counterfeiting measures. Additionally, North America boasts a highly developed healthcare infrastructure and widespread adoption of advanced technologies like IoT, AI, and blockchain, which enhance the effectiveness of track and trace solutions. The presence of major industry players, along with strong investments in supply chain digitalization and security, further contributes to the region's dominance in the market. Request Sample Pages : The key players functioning in the track and trace solutions market include ANTARES VISION S.p.A (Italy), Axway (France), OPTEL GROUP (Canada), TraceLink Inc. (US), Syntegon Technology GmbH (Germany), ACG (India), Marchesini Group S.p.A. (Italy), Markem-Imaje, a Dover Company (Switzerland), Uhlmann (Germany), Siemens (Germany), SAP SE (Germany), Zebra Technologies Corp. (US), METTLER TOLEDO (US), IBM (US), WIPOTEC GmbH (Germany), VISIOTT Technologie GmbH (Turkey), Jekson Vision (India), Kevision (India), TrackTraceRX Inc. (US), Arvato - Bertelsmann SE & Co. KGaA (Germany), 3KEYS GmbH (Germany), RN Mark Inc (Canada), Kezzler (Norway), Shubham Automation Pvt. Ltd. (India), and Bar Code India Limited (India). These companies are mainly focusing on strategies such as acquisitions, collaborations, partnerships, expansions, and product launches and updates in order to remain competitive and further increase their share in the market. ANTARES VISION: ANTARES VISION S.p.A is one of the global leaders in end-to-end product traceability solutions that offer solutions based on integrated data management, artificial intelligence, and blockchain technology. The company serves key sectors such as Life Sciences, including pharmaceuticals, biomedical devices, hospitals, and Fast-Moving Consumer Goods (FMCG). In 2023, Antares Vision Group expanded its software capabilities through the acquisition of Smart Point Technologies, an Indian firm specializing in pharmaceutical track and trace solutions, thereby enhancing its presence in the Indian market and strengthening its software portfolio. Additionally, the company launched the Food Safety Solution, a cloud-based platform developed by its subsidiary ACSIS, aimed at improving regulatory compliance and supply chain transparency for food and beverage brands. Furthering its commitment to innovation, Antares Vision introduced the DIAMIND Connect platform, designed to manage traceable data and production processes across various industries, facilitating end-to-end sustainability and customer engagement. These strategic initiatives underscore Antares Vision's dedication to advancing product safety, quality, and transparency across global supply chains. Axway Axway is one of the leading players in the track and trace solutions market and has been actively enhancing its global footprint through strategic acquisitions and technological advancements. In 2023, the company acquired AdValvas, a Belgian expert in electronic invoicing, bolstering its B2B integration capabilities and compliance offerings, particularly within the European PEPPOL network. Additionally, Axway's acquisition of Cycom Finances in October 2023 expanded its financial data referencing and accounting mapping solutions, leading to a strategic partnership with KPMG France to modernize financial systems for major banking institutions. These acquisitions have strengthened Axway's product portfolio, including its Amplify API Management platform, which has been recognized as a leader in the Gartner Magic Quadrant for API Management. The company's focus on subscription-based models and cloud integration has resulted in significant revenue growth, with the Americas region accounting for 40% of total revenue in the first half of 2024. Axway's commitment to innovation and customer-centric strategies continues to drive its success in the track and trace solutions market. OPTEL GROUP OPTEL GROUP is among the leading players in the track and trace market. The company has a strong presence and scale and is directly represented in more than 70 countries worldwide, with main production sites in Ireland, India, and Brazil. With over 6,000 systems installed worldwide, the company tracks approximately 25 billion products annually, leveraging its facilities in Canada, Ireland, India, and Brazil to maintain a strong international presence. In January 2022, OPTEL expanded its European footprint by acquiring the pharmaceutical track-and-trace unit of Körber, formerly known as Traxeed, based in Germany. This acquisition not only enhanced OPTEL's expertise in pharmaceutical and agrochemical track-and-trace technologies but also established a strategic partnership wherein OPTEL became Körber's preferred vendor for pharmaceutical track and trace solutions. Furthering its commitment to innovation, in May 2022, OPTEL launched OPTCHAIN, a modular intelligent supply chain platform designed to digitize and capture critical tracking events and key data elements across the entire supply chain, particularly benefiting the food & beverage industry. These strategic initiatives underscore OPTEL's dedication to advancing supply chain transparency and efficiency on a global scale. For more information, Inquire Now! Related Reports: Healthcare Cloud Computing Market Computer Vision in Healthcare Market Healthcare IT Market Healthcare Analytics Market Electronic Lab Notebook Market Get access to the latest updates on Track and Trace Solutions Companies and Track and Trace Solutions Market Size About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content to download multimedia: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-04-2025
- Business
- Yahoo
Trinasolar launches the Shield extreme climate solution in Asia Pacific, safeguarding PV power plant assets
Unveiling its latest climate resilient solution for the first time in the Asia Pacific region at Sydney's Smart Energy Conference SYDNEY, April 9, 2025 /PRNewswire/ -- As Australia faces increasingly unpredictable and extreme weather patterns, Trinasolar, a global leader in smart PV and energy storage solutions, has launched a first-to-market solution that helps solar developers protect their assets and safeguard performance — no matter what the forecast holds. Unveiled at this year's Smart Energy Conference in Sydney, held from 9-10 April, the Shield Extreme Climate Solution delivers next-generation protection for utility-scale PV plants, offering a powerful combination of high-strength structural modules and intelligent weather-responsive tracking. This innovative development was specifically designed and tested for the Australian market. The solution was tested in Queensland, Australia. Technical specifications include: The Shield Extreme Climate Module's (NED19RC.20) glass is 25% thicker than that of conventional modules and its resistance to energy impact 2.5 times greater. The innovative frame design increases the module's load-bearing capacity, thereby further improving stability and reliability. In severe hailstorms, the Shield solution can withstand 55mm hail at 0° and 75mm at 60°. The short-term severe hail climate forecast automatically issues commands for the tracker to adopt a protective angle. Equipped with self-developed Tracker Control unit (TCU) and Network Control Unit (NCU,) the TrinaTracker smart control system is integrated with a variety of extreme climate protection strategies. Harnessing real-time monitoring data from the smart cloud platform, the system can implement intelligent protective measures for PV power plants, thereby ensuring safe and stable operation of the system. In a setting in which tracking mounting is used, the smart cloud platform monitors real-time wind speed, automatically adjusting to the stow position when certain wind speeds are detected. A tiered stow strategy assigns different protection angles based on wind speed levels, balancing risk mitigation with maximised power generation. The structure includes an innovative module design that increases mechanical load capacity to +3600/-3000Pa. In heavy snow, the Shield solution withstands 2.2m of uneven snow load in a fixed mounting system installation setting. In a tracking mounting installation setting, the TrinaTracker smart cloud platform provides real-time monitoring of snow thickness. O&M personnel can initiate snow removal with just one click, effectively mitigating the potential threats of snow load to the modules and mounting systems. This not only improves the efficiency of O&M operations but also prevents power generation losses caused by snow accumulation, thereby ensuring the system's stable operation. In strong winds, the Shield solution withstands wind pressure up to +8000Pa/-6000Pa in a fixed mounting system installation setting, thanks to innovative dual fastening and triple-beam installation design. The Shield solution safeguards PV assets while significantly lowering BOS cost and LCOE, maximising project returns. Based on the Queensland testbed, the solution set-up achieved an overall customer value increase by the equivalent of 0.0364 AUD $/W and reduction of LCOE by 2.84%. With the high efficiency, high power, excellent low light performance, high reliability and high bi-faciality of Trinasolar's i-TOPCon Ultra, power plants generate more electricity, especially during early mornings, late evenings and overcast days. In addition, TrinaTracker SuperTrack intelligent algorithm leverages AI, big data and self-developed algorithms to enhance power generation efficiency. Besides its state-of-the-art modules, Trinasolar also recently launched the Elementa 2 Pro 5MWh battery energy storage solution for the Australian market. The Elementa 2 Pro builds on the success of Elementa 2, offering even greater efficiency, flexibility, and safety. The Elementa 2 Pro features Trina's self-developed 314Ah high-performance Trina Cell, supporting 15,000 cycles (up from 12,000 cycles offered in Elementa 2) to significantly extend system lifespan and reduce lifecycle costs, ensuring a higher return on investment for users. It offers enhanced advanced cooling technology, incorporating an intelligent hybrid air-liquid cooling system. As the only provider in the industry offering an integrated suite of solar solutions, modules, battery energy storage systems (BESS), and trackers, Trinasolar is uniquely positioned to deliver a complete, high-performance energy ecosystem. Trinasolar empowers developers to build more resilient, efficient, and future-ready solar projects, ensuring stable and reliable energy generation in Australia's challenging weather climate. For more information on Trinasolar's innovative solutions, please visit: View original content to download multimedia: SOURCE Trina Solar Energy Development Pte. Ltd. Sign in to access your portfolio
Mid East Info
25-02-2025
- Business
- Mid East Info
TrinaTracker Opens 3GW Factory in Saudi Arabia, Strengthening Regional Renewable Energy Goals - Middle East Business News and Information
TrinaTracker, a global leader in smart solar tracking solutions and a subsidiary of Trinasolar Co. Ltd (SHA: 688599), has announced the establishment of a new manufacturing facility in Saudi Arabia, set to begin operations in Q1 2025. The facility, Trina Tracker for Renewable Energy, represents a key milestone in the company's ongoing commitment to localization and enhancing its distribution and service capabilities in the MEA region. The factory is part of a land-lease agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON). Located in the 3rd Industrial City in Jeddah, the facility will have an annual production capacity of 3GW, specializing in the manufacturing of TrinaTracker's Vanguard series of solar trackers and smart control systems. This will mark TrinaTracker's fourth manufacturing plant, joining its existing operations in China, Spain, and Brazil. Saudi Arabia's solar market is projected to reach USD 125.2 billion by 2033, reflecting the country's rapid expansion in renewable energy. The establishment of TrinaTracker's new factory aligns with this growth, reinforcing its commitment to localization and innovation in the region. Vincent Wu, Global Sales Vice President and MEA MU Head at Trinasolar, stated: 'The establishment of our new TrinaTracker factory in Saudi Arabia is a strategic step in advancing our localization efforts and reinforcing our commitment to sustainable energy solutions. By enhancing our local presence, we are improving service capabilities, increasing delivery efficiency, and ensuring that customers in the region have access to innovative, high-quality solar tracking solutions. This initiative supports Saudi Vision 2030 by contributing to the country's efforts to diversify its energy mix, create local jobs, and drive growth in the renewable energy sector. Ultimately, it contributes to long-term energy sustainability and strengthens both the Kingdom's and the broader region's energy resilience.' As part of its commitment to sustainability, the factory will operate with zero pollutant emissions during the production process, further supporting the region's clean energy transition. TrinaTracker's smart solar tracking solutions are specifically designed to optimize energy generation in the challenging weather conditions common in Saudi Arabia and the region, such as sand, strong winds, and high temperatures. Leveraging real-world data from global projects, the TrinaTracker smart control system enhances energy yield by 8% annually, significantly boosting the internal rate of return (IRR) for solar project owners. In line with Trinasolar's broader strategy to enhance regional service, the factory will also ensure faster delivery, improved technical support, and comprehensive pre-sales and after-sales services. A dedicated service team will provide training programs and on-site support, reinforcing Trinasolar's commitment to its partners and clients. This initiative will further strengthen TrinaTracker's global footprint and expand its presence in the region and beyond. The establishment of the factory is part of Trinasolar's broader commitment to supporting the Middle East's transition to renewable energy. One of the notable projects contributing to this vision is the Abydos Battery Energy Storage Project in Aswan, Egypt, in partnership with AMEA Power. The project recently reached a significant milestone with the successful completion of the Factory Acceptance Test (FAT) at Trina Storage's Super-Factory in Chu Zhou, China, last month. The first shipment of the Elementa 2 system is scheduled to depart the port on February 19, 2025, marking an important step in advancing the region's energy transformation. By expanding local manufacturing, optimizing energy solutions, and reinforcing strategic partnerships, Trinasolar is playing a pivotal role in supporting the region's energy goals. These efforts are enhancing energy security, boosting sustainability, and driving economic growth, all of which contribute directly to the Middle East's broader vision of a clean, diversified energy future.
Zawya
20-02-2025
- Business
- Zawya
TrinaTracker's new Saudi manufacturing facility to begin operations in Q1 2025
TrinaTracker, a unit of China-based Trinasolar Company, will set up a new manufacturing facility in Saudi Arabia. Trina Tracker for Renewable Energy factory is part of a land-lease agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON), the company said in a press statement. Located in the 3rd Industrial City in Jeddah, the facility will have an annual production capacity of 3 gigawatts (GW), specialising in manufacturing the Vanguard series of solar trackers and smart control systems. It will start operations in the first quarter of 2025, the statement said. The project is the company's fourth manufacturing plant, joining its existing operations in China, Spain, and Brazil. As part of its commitment to sustainability, the factory will operate with zero pollutant emissions during the production process. Saudi Arabia's solar market is projected to reach $125.2 billion by 2033, the company statement said. (Writing by P Deol; Editing by Anoop Menon) (
Associated Press
20-02-2025
- Business
- Associated Press
TrinaTracker to open manufacturing plant in Saudi Arabia, further advancing its localization strategy
JEDDAH, Saudi Arabia, Feb. 20, 2025 /CNW/ -- TrinaTracker, a global leader in smart solar tracking solutions and a subsidiary of Trinasolar Co. Ltd (SHA: 688599), has announced the establishment of a new manufacturing facility in Saudi Arabia, set to begin operations in Q1 2025. The facility represents a key milestone in the company's ongoing commitment to localization and enhancing its distribution and service capabilities in the region. The factory is part of a land-lease agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON). Located in the 3rd Industrial City in Jeddah, the facility will have an annual production capacity of 3GW, specializing in the manufacturing of TrinaTracker's Vanguard series of solar trackers and smart control systems. This will mark TrinaTracker's fourth manufacturing plant, joining its existing operations in China, Spain, and Brazil. Middle East has become a key driver in the solar tracker market, its vast land mass and high irradiance providing ideal conditions for solar power plants. TrinaTracker offers a smart solar tracking solution that includes its Vanguard high reliable tracker structure, smart control systems and its professional life cycle services. Through this tailor-made solution the TrinaTracker solar tacking system is highly suitable for an environment characterized by sand, strong winds and high temperatures. In addition, with real project data collected from global projects, using TrinaTracker smart control system will produce up to 8% further energy a year for the solar plant, which will significantly increase the internal rate of return for the project owners. In line with Trinasolar's broader strategy to enhance regional service, the factory will also ensure faster delivery, improved technical support, and comprehensive pre-sales and after-sales services. A dedicated service team will provide training programs and on-site support, reinforcing Trinasolar's commitment to its partners and clients. This initiative will further strengthen TrinaTracker's global footprint and expand its presence in the region and beyond. Till end of Q4 2024, TrinaTracker has delivered 27GW of smart solar tracking systems world widely, and it will continue to provide better intelligent solutions and local services to customers around the world through its localization strategy.
