Beverage Refrigeration Equipment Market is expected to Grow at a CAGR of 3.9% the 2026-end | Panasonic Corporation, Dover Corporation

Beverage Refrigeration Equipment Market

According to this market analysis and forecasts, global demand for beverage refrigeration equipment is expected to grow with increase in the number of retail stores and also growing preference of people towards quick service restaurants. The global beverage refrigeration equipment market is expected to reach a market value of over US$ 5.5 Billion by the end of 2026, growing at a value CAGR of 3.9% during the forecast period.

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The global beverage refrigeration equipment market is expected to grow at a significant rate during the forecast period (2021-2026). The growth of the market is attributed to the increasing demand for beverages, both alcoholic and non-alcoholic, in various sectors such as food service, retail, and hospitality. The market is also driven by the increasing popularity of self-service dispensers and the growing adoption of energy-efficient refrigeration equipment.

The rapid growth can be attributed to increasing demand for cold beverages, rising disposable income levels especially in emerging economies, wider availability of cold drink options, growing preference for healthy drinks like fruit juices etc. Factors such as technological advancements in the refrigeration industry which have enabled the development of eco-friendly & energy efficient products are also driving the market growth.

Key Companies-

• Panasonic Corporation
• Dover Corporation
• Frigoglass SAIC
• AHT Cooling System GmbH
• Powers Equipment Company, Inc.
• Beverage Air Corporation
• MF Refrigeration Limited
• Perlick Corporation
• Skope Industries Limited
• QBD Modular Systems Inc.
• Metalfrio Solutions, Inc.
• Manitowoc Company, Inc.
• LINDR.CZ.s.r.o.
• Cornelius Beverage Technologies Limited
• True manufacturing
• Hoshizaki Lancer Pty Ltd
• Others

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The market can be segmented based on product type, application, and geography.

Based on product type, the market can be segmented into commercial refrigerators, vending machines, and others. Commercial refrigerators are expected to dominate the market during the forecast period due to their wide usage in food service and retail applications.

Based on application, the market can be segmented into food service, retail, and hospitality. The food service segment is expected to dominate the market during the forecast period due to the increasing demand for beverages in various food service establishments such as restaurants, cafes, and fast food chains.

Geographically, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to dominate the market during the forecast period due to the increasing demand for beverages in the region, especially in countries such as China, India, and Japan. The market in North America and Europe is also expected to grow at a significant rate during the forecast period.

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In conclusion, the global beverage refrigeration equipment market is expected to grow at a significant rate during the forecast period. The market is driven by the increasing demand for beverages in various sectors and the growing popularity of self-service dispensers. The market is also influenced by the increasing adoption of energy-efficient refrigeration equipment. The market is segmented based on product type, application, and geography.

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