Published: Dec, 2015
Transparency Market Research has announced a new publication, titled “Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”. According to this report, the global commercial refrigeration market will expand at a 10.10% CAGR during the forecast period from 2015 to 2022. In 2014, the global commercial refrigeration market was worth US$31.7 bn and by 2022, the market is projected to be worth US$66.9 bn.
Browse the full Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022 report at https://www.transparencymarketresearch.com/refrigerated-display-cases-chilled-rooms-market.html
The global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market is driven by the proliferation of supermarkets, hotels, and cafes. Furthermore, rising food safety and quality regulations, technological developments, and changing food consumption trends will also fuel the market. On the other hand, the global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market will be restrained by the growing online retail market, high initial purchase price associated with cold rooms, and concerns about environmental regulations and energy efficiency.
By product type, the global commercial refrigeration equipment market is divided into chilled rooms, dispensers/fountains, beverage refrigerators, and refrigerated display cases. In 2014, the chilled rooms segment held a 41.2% revenue share in the global commercial refrigeration equipment market.
On the basis of product design, the global refrigerated display cases (RDCs) market is segmented into horizontal, vertical, and others such as hybrid and semi-vertical. According to product type, the global refrigerated display cases (RDCs) market is classified into remote and plug-in. On the basis of product type, the global chilled rooms market is divided into walk-in hybrid rooms, walk-in freezers rooms, and walk-in cooler rooms. Walk-in cooler rooms were the largest revenue generator in the chilled rooms segment.
Geography-wise, the commercial refrigeration equipment market is segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). Asia Pacific is projected to expand at the fastest rate in the global commercial refrigeration equipment market during the forecast period. This regional market benefits from the robust economic developments in India, China, and other nations. On the other hand, North America is the largest revenue generator in the beverage refrigerators market due to the rising demand for beverage coolers in supermarkets and restaurants.
The global refrigerated display cases (RDCs) market is concentrated in nature and marked by intense competition between global and local manufacturers. Companies in Europe and North America are expanding to low-cost manufacturing centers in the emerging economies of Asia Pacific, Latin America, and Africa to overcome operational challenges such as high investment and dropping profit margins.
Players in the market will benefit from the opportunity presented by environment-friendly RDCs and chilled rooms and commercial infrastructure developments in emerging nations. Some of the key players operating in the global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market are Metalfrio Solutions, Beverage-Air Corporation, Dover Corporation, United Technologies Corporation, Lennox International, Blue Star, AHT Cooling Systems.Some of the trends that are expected to shape the future of the global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market are the integration of smart technologies, green display cases, closed display cases, and remanufactured RDCs.
Key Segments of the Global Commercial Refrigeration Equipment Market
Global Commercial Refrigeration Equipment Market, by Product Type
- Refrigerated Display Cases
- Chilled Rooms
- Beverage Refrigerators
Global Refrigerated Display Cases (RDCs) Market, By Product Design
- Others (hybrid/semi-vertical)
Global Refrigerated Display Cases (RDCs) Market, By Product Type
Global Chilled Rooms Market, By Product Type
- Walk-in cooler rooms
- Walk-in freezers rooms
- Walk-in hybrid rooms
Global Commercial Refrigeration Equipment Market, By Geography
- North America
- Asia Pacific
- Rest of the World
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