Refrigerated Cabinet Market - High Adoption Rate of New Technology upto 2021

According to the market research analysts at Publisher, the refrigerated cabinet market will witness steady growth and will post a CAGR of more than 4% over the forecast period. The number of patents for refrigerated cabinets is growing around the world, which is one of the primary factors driving this market’s growth. Patent applications and approvals indicate constant product innovation in the market, which is a major factor contributing to the growth of this market. The majority of leading players in the market understand the value of product innovation and are increasing their R&D activities as a strategy to increase their market shares globally.

One of the recent trends spurring the growth prospects of this market is the rising use of natural refrigerants like ammonia. As synthetic refrigerants contribute heavily to ozone layer depletion and global warming, several governments around the world have imposed stringent regulations on their use, which will boost the adoption of natural refrigerants like ammonia over the forecast period. Moreover, the use of ammonia as an alternative to synthetic refrigerants has been widely supported by the retail sectors across the globe, which will also contribute to this market’s growth over the next four years.

Get Request Sample Copy is Available at: http://www.reportsweb.com/inquiry&RW0001427422/sample

Competitive landscape and key vendors

The global refrigerated cabinet market is highly fragmented owing to the presence of well-established vendors operating across the globe. Although there is intense competition among the vendors, the market is dominated by established vendors like Carrier, Traulsen, and Illinois Tool Works. The market leaders prioritize product innovation by focussing on R&D facilities and investments. While major players have larger resources and diversified distribution networks across the world, smaller companies are entering the market mostly in developed regions. Most smaller vendors lack broad retail presence, which limits them mostly to online selling.

Key vendors in this market are -

Carrier

Traulsen

LEEC

Illinois Tool Works

Other prominent vendors in the market include Africhill, CEABIS, CMS, Coldline, Dalucon Refrigeration Products, Danby, Foster, Haier, Hengel, Husky International, Hussmann, Imbera Foodservice, Irinox, Liebherr, Marvel, Master-Bilt, Mopec, True Manufacturing, Viessmann, and Williams Refrigeration.

For Inquire before Buying at: http://www.reportsweb.com/inquiry&RW0001427422/buying

Product segmentation and analysis of the refrigerated cabinet market

Storage cabinets

Wine cabinets

Other cabinets

The storage cabinets segment was the highest revenue contributing segment and will continue its dominance during the forecast period. These storage cabinets have compartments that can be accessed through either drawers or doors. Also, refrigerated cabinets are available in low and medium temperatures and can be customized as per end-user requirements, which has increased their adoption in supermarkets, convenience stores, commercial kitchens, and pharmacies. Furthermore, the growth of the retail sector in emerging economies will fuel the adoption of refrigerated storage cabinets.

Geographical segmentation and analysis of the refrigerated cabinet market

APAC

Europe

North America

ROW Get Complete Report is Available at: http://www.reportsweb.com/global-refrigerated-cabinet-market-2016-2020

Contact Us:

Phone: +1-646-491-9876
Email Id: sales@reportsweb.com

About Us:

ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

505, 6th floor, Amanora Township, Amanora Chambers, East Block, Kharadi Road, Hadapsar, Pune-411028

This release was published on openPR.