Global Ice Makers Market Research Report Prediction Including Industry Size, Share, Trends Analysis and Upcoming Opportunity Between 2018-2028

The market for Global Ice Makers Market has been undergoing a transitional phase over the recent past. The continual advancements in technologies and the swift increase in infrastructural development projects have influenced the demand for Global Ice Makers Market substantially over the past few years. The swift rise in urbanization and the significant increase in the disposable income of people are likely to maintain the demand pace of Global Ice Makers market in the near future. The augmenting interest of investors, government funding, and the rising trend of automation are also projected to reflect positively on this market in the years to come.

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Ice makers market is gaining momentum with the widening range of commercial applications of ice makers in the food & beverage industry. The manufacturing and marketing strategies adopted by the leading market players active in the ice makers market depend on the versatility of end-user applications of ice makers in the food & beverage industry. Manufacturers are introducing a variety of categories of ice makers, which include cube-type ice makers, automatic commercial ice makers, batch-type ice makers, air-cooled ice makers, and water-cooled ice makers, to target a large number of end-users.

According to the Energy Star, a voluntary program introduced by the U.S. Environmental Protection Agency (EPA), purchasing behavior of consumers is mainly driven by the end-user applications and energy efficiency of ice makers.

Energy efficiency of ice makers is becoming an important factor to influence the sales in developed economies such as the U.S. and Europe. Consumers are becoming more aware of the importance of improving the energy efficiency of food equipment, which can also result in reducing the operating costs of equipment such as ice makers. Taking into account the factors that are prominently driving purchasing decisions of consumers, manufacturers and distributors of ice makers are adopting innovating manufacturing and marketing strategies that reduce the energy consumption of ice makers. Thereby, the demand for energy-efficient and application-specific ice makers is expected to remain high in the food & beverage industry.

Future of Food Industry and Restaurants Industry Indicates Rising Demand for Ice Makers

Refrigerating systems are used in various industrial applications such as food preservation, distinct heating and cooling applications, medical processes, and energy-related applications. Taking into account the importance of industrial refrigeration processes, leading manufacturer in the ice makers market are making products for their specific commercial applications. Among all the other industries where ice makers are used, QSR (quick service restaurant) industry remains the biggest end-user industry owing to the numerous food and beverage applications of ice makers. Depending on the changing lifestyle and dietary habits of consumers, the number of food chains, restaurants, and cafes is likely to increase rapidly in the upcoming years. The growth parameters of the QSR industry will influence the expansion of the ice makers market in the near future.

The National Restaurant Association stated that the restaurant industry witnesses the sales of over US$ 683 billion across around 1 million locations in the year 2014. Later, with the improvements in the global economy, increased discretionary income, and fast-paced consumer lifestyle, the restaurant industry grew at a rapid pace. Excellent growth of the QSR industry is likely to augment the growth of the ice makers market. In addition, the changing growth parameters of the food retailing sector and increasing popularity of e-Commerce, use of ice makers for food preservation is likely to upsurge in the next few years.

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Growing Investments in Finding Alternatives for HCFC to be an Emerging Trend in the Ice Makers Market

Hydrochlorofluorocarbons (HCFCs) are among the most extensively used refrigerants in air cooling systems as well as in refrigerating systems. However, HCFC-22 has been added to the list of Ozone-depleting substances by the EPA (the United States Environment Protection Agency). Under Section 609 of the Clean Air Act (CAA), EPA has imposed some rules to control the release of HCFC-22 through refrigerating systems such as ice makers. Not just in the U.S., but the European Commission as developed some regulations and standards to limit the use and emission of HCFC-22. Both EPA and European Commission have stated that the production and imports of HCFC-22 will be phased out completely, by 2020. Furthermore, the production, import, and use of HCFC-22 in ice makers will be banned by 2030, which may make a huge impact on the development of the ice makers market.

Leading manufacturers in the ice makers market are making investments in its R&D capacities to discover environment-friendly alternatives to HCFCs. EPA allows the use of Ozone-friendly HCFCs and other eco-friendly alternatives of HCFC-22 in ice makers under its Significant New Alternatives Policy (SNAP). Also, increasing environmental awareness among consumers is influencing their purchasing decisions. Subsequently, manufacturers in the ice maker market are making efforts to produce eco-friendly and energy efficient ice makers to attract more consumers.

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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