Global Freezers Market Precise Study on Factors, Drivers and Key Players Strategies Analyzed till 2025

The market for freezers has been expanding leaps and bounds in the past couple of decades on the back of the prosperity of the food and beverage industry and mushrooming of restaurant and supermarkets across the world. Freezers, which primarily are devices that enable storage of products below the freezing point of water, also find extensive applications in commercial, residential, and industrial purposes. According to this business and commerce publication, the demand in the Global Freezers Market will increment at a CAGR of 5.0% during the forecast period of 2017 to 2025. In terms of revenue, the analysts of the report have estimated that the global freezers market will be worth US$18,300.6 mn by the end of 2025, substantially more than it’s evaluated worth of US$12,350.8 mn in 2017.

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Besides gaining traction from the food and beverage industry, the freezers market is expected to gain new opportunities in the near future due to the advent of energy-efficient freezers. A number of governments are emphasizing on electronic products that help in reducing energy consumption and vendors of this market are obliging with innovative products. On the other hand, substantial total cost of operation (TCO) of freezers is keeping the products out of the range of small retailers and curtailing the potential of the market for the same.

The freezers market has been segmented on the basis of product type, application, capacity and door type. On the basis of product type, the market has segmented into chest freezers, upright freezers, and others. In 2016, the segment of chest freezers held the largest market share of approximately 37% of the total freezer market and is also expected to continue its dominance throughout the forecast period of 2017 to 2025. The expansion of the chest freezer segment is mainly driven by increasing adoption in the commercial sector as well as by the industrial sector in order to store packaged foods and beverages. Chest freezer doors seal are tighter and are more energy efficient, so food stays colder during power outages. Based on application, the market has been segmented into residential, commercial, and industrial. On the basis of capacity, the market is segmented into 200 & below, 200-300, 300-500 and 500 & above. Moreover, based on door type, the market is segmented into 1 Door, 2 Doors, 3 Doors, and 4 Doors & above.

Global Freezers Market, By Product Type

Chest Freezer
Upright Freezer
Others
Global Freezers Market, By Door Type

1 Door
2 Door
3 Door
4 Door
Global Freezers Market, By Capacity

200 & below
Less than 50
50-100
100-200
200-300
300-500
500 & Above
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Global Freezer Market: By Application

Residential
Commercial
Industrial
Global Freezers Market, By Geography

North America
The U.S.
Canada
Rest of North America
Europe
The U.K
Germany
France
Rest of Europe
Asia Pacific (APAC)
India
China
Japan
Rest of APAC
Middle East and Africa (MEA)
GCC
South Africa
Rest of MEA
South America
Brazil
Rest of South America

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