Beverage Refrigeration Market Trends 2024 | Top Players - Dover Corporation, Electrolux, GE, Whirlpool Corporation, Haier
Beverage Refrigeration Market to reach USD 4.5 billion by 2024. Escalating demand for refrigerators to store and serve drinks for social gathering and private events, is a key factor driving beverage refrigeration market growth. Ongoing technological advances to reduce the overall cooling time and consumer demand for distinctive features such as bottom freezer drawer and powerful filtered water will boost beverage refrigeration market.
Request for a sample copy of this report @
Manufacturers are anticipated to invest in new product development to comply with new energy standards implemented by the regulatory bodies. Further, increasing penetration of refrigerators that employ specific features such as modifiable shelves to accommodate bottles and cans will boost product sales.
Increasing consumer preference for packaged drinks which are convenient to consume at home will support the product demand. According to recent statistics, the global consumption of packaged drinks was estimated more than 1.05 trillion liters in 2016 and Chinese consumption amounted to about 178.6 billion liters.
Beverage Refrigeration Market, By Product
Under counter beverage refrigerator
Countertop beverage refrigerator
Storage beverage refrigerator
Make an Inquiry for purchasing this Report @
Under counter beverage refrigerator was valued at over USD 1 billion in 2016. Product offering such as stainless-steel body or custom panel-ready fronts are stimulating the demand. In addition, better shelving and temperature control will support segment penetration over the forecast period.
Rising demand to preserve milk in dairy shops will propel coolers demand over the projected timeframe. Diary companies are upgrading their existing capacities, and setting up cold storages along with the processing plant. This will generate the overall revenue over the forecast period.
Asia Pacific market holds over 20% of overall industry share in 2016. According to industry estimates, the region is anticipated to account for more than two-thirds of the global beverages consumption by 2020. The region accounts for 60% of the world population and increasing consumption will provide lucrative opportunities for manufacturers.
Browse Report Summery @
Global Beverage Refrigeration Market is fragmented in nature. Key industry players are Electrolux, Daikin Industries, Avanti, Dover Corporation, KingsBottle, Whirlpool Corporation, Edgestar, Haier, Ford and General Electrics. Other Industry participants are Koolatron, Coca-Cola, Danfoss, Gamko, Liebherr, Marvel, Kegco, Danby, Johnson Controls, U-line, HABCO, Allavino, Kenmore, Marvel, United Technologies Corporation and Illinois Tool Works.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Beverage Refrigeration Market Trends 2024 | Top Players - Dover Corporation, Electrolux, GE, Whirlpool Corporation, Haier here
News-ID: 1839733 • Views: 398
More Releases from Global Market Insights
Powder Coating Market to Exceed USD 17 Bn by 2025: Global Market Insights, Inc.
Global powder coating market is poised to witness significant growth from 2019 to 2025 owing to environment-friendly properties, cost effectiveness, high quality, swift paint applicability, and easy usability over conventional paints. These coats are solvent-free and have minimal volatile compounds emissions compared to liquid paints. It provides a long-lasting and durable finish for metal products & parts and also exhibits superior gloss retention. Factors such as high corrosion resistance, easy
Expanded Perlite Market 2020 – Global Industry Trends and Growth Forecast to 2 …
Global expanded perlite market size will exceed USD 1.3 billion in terms of annual valuation by 2024. Driven by positive application in various end use industries including petroleum refining, pharmaceutical, construction and horticulture, expanded perlite market size will witness significant growth through 2024. Expanded perlite is an ultra-lightweight aggregate with low density ranging from 70-600 kg/m3 and offers unique benefits including fire resistance, heat and sound insulation. This has led
Packaging Materials Market: Global Industry Analysis, Growth, Trends and Forecas …
A report by Global Market Insights, Inc., predicts that the packaging materials market size is expected to reach a valuation of USD 1.3 trillion by the end of 2024 subject to their expansive use across various business domains, including the likes of cosmetics, food and beverages, chemicals, pharmaceuticals, and vivid household products. With consumer preferences undergoing a major transformation in the recent times, packaging materials market has registered itself as
How are evolving eating habits of people driving spout & non-spout liquid pouch …
Growing consumer inclination towards convenient packaging due to change in lifestyle is the primary factor driving global spout & non-spout liquid pouch packaging market trends. Spout & non-spout liquid pouch packaging offers several benefits such as lower manufacturing costs, extended shelf life, enhanced supply chain effectiveness, greater consumer appeal, light-weight and augmented sales. Rise in disposable income, healthy food consumption along with consumer inclination towards convenient packaging is supporting product proliferation.
More Releases for Beverage
Processed Food & Beverage Preservatives Market 2020-2026
The Processed Food & Beverage Preservatives Market report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of Global Market. It offers detailed research and analysis of key aspects of the Processed Food & Beverage Preservatives market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the
Instant Beverage Premixes Market
https://www.qandqmarketresearch.com/reports/7293858/instant-beverage-premixes-market-62 Instant beverage premixes are prepared drinks, which boost metabolism, enhance functionality, and provide healthy hydration. Instant beverage premix market analysis is primarily split into different type including instant coffee, instant tea, instant milk and instant health drinks and soups. In 2017, the global Instant Beverage Premixes market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. The objectives of
Beverage Emulsion Market: Opportunity Map by 2025
Beverage emulsion is a well-known class of food item. It consists of a continuous aqueous phase, in which an oil phase that is discontinuously dispersed in the form of microscopic droplets. Beverage emulsions are generally distinguished as oil-in-water (O/W) emulsions. Dilute beverage emulsions are typically composed of a weighting agent in order to increase the density, flavour oil blend, and a polymeric emulsifier/stabilizer which consists of either gum acacia or
Quarterly Beverage Tracker Fourth Quarter 2016: Portugal
In Q4-16 consumption was influenced by the warmer average temperature. Consumption of alcoholic drinks increased in Q4-16, driven by beer which experienced a similar growth rate, owing to the favorable economic environment and good marketing activity from the main players. Private Label products lost market share at the hands of producer brands. Once more the sub-channels including online stores and duty-free shops in airports have done pretty well due to
Global Functional Beverage Market Research Report 2016
2016 Global Functional Beverage Industry Report is a professional and in-depth research report on the world’s major regional market conditions of the Functional Beverage industry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). The report firstly introduced the Functional Beverage basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes; cost structures and
Beverage Dispensers: Global Market Intelligence
ReportsWorldwide has announced the addition of a new report title Beverage Dispensers: Global Market Intelligence to its growing collection of premium market research reports. The report “Beverage Dispensers: Global Market Intelligence (2011-2020)” provides market intelligence on the different market segments, based on type, function, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through