Global Single Zone Wine Coolers Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global single zone wine coolers market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028). The global single zone wine coolers market is growing due to the increasing number of wine consumer globally. The increasing global consumption of wine and the rising awareness about the consumption of wine is also boosting the growth of the market. The increasing advancement in refrigeration technology and the high preference for consumption of wine among the millennials are also boosting the growth of the market. Moreover, The new concept of keeping wine stored at the optimum temperature between 38° - 65° F) is essential in allowing the aging process to successfully take place and to store wine fresh and fruitful. This single zone wine coolers supports in keeping the wine drinkable for a much longer period of time and improves the taste of wine attributed to such the market is registering positive growth during the forecast period.

Moreover, increasing popularity of wine consuming and production in countries such as the US, the UK, Spain, Italy, South Africa, and Canada among others, primarily among young and millennial consumers are augmenting the market growth. Additionally, the increasing investment by the major market players for the research and development to improve the features and develop advanced technology in the single zone wine coolersto increase the shelf life of the wine and to keep the wine in their ideal temperature is further boosting the growth of the global single zone wine coolersmarket in the forecast period. The North American single zone wine coolersmarket is anticipated to hold the major share in the global single zone wine coolersmarket. This is due to the presence of the maximum number of young wine consumers in this countries such as the US and Canada.

Some major players in the market include Allavino Wine Refrigerators, AvantiProducts, BSH Home Appliances Group, Haier Inc., LG Electronics,., and Shenzhen VRBON Electrical Appliance Co., Ltd, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new launches, to stay competitive in the market. For instance:
• In March 2022, Vinotemp, launched its 168ZZ-SSD Stainless Single Zone Wine Cooler. Its features include the one-of-a-kind, patented, Vinotemp Backlit panel, with 12 full size Prism Zig Zag Racks to vibrantly display over 157 bottles of wine. IThe new unit also offers a bulk storage section that allows to store other oddly shaped bottles in it.

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape - Allavino Wine Refrigerators, AvantiProducts, BSH Home Appliances Group, Haier Inc., LG Electronics,., and Shenzhen VRBON Electrical Appliance Co., Ltd, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Single Zone Wine Coolers Market Report by Segment

By Type
• Thermoelectric Wine Coolers
• Compressor Wine Coolers
• Other

By Application
• Home Use
• Commercial Use

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This release was published on openPR.