Refrigerated Display Cases Market to hit US$19.69 bn by 2020

United Technologies Corporation, Manitowoc Company, Inc., Hoshizaki International, and Frigo Glass were the leading providers of refrigerated display cases and chilled roomsin 2013, racking up a collective share of 21.9% in value.

According to a publication by Transparency Market Research, the level of competition in the global market for refrigerated display cases and chilled rooms is expected to remain high till 2020. This is attributed to factors including a large number of prominent players, a low rate of product differentiation, and a high volume of mergers and acquisitions.

Meanwhile, the threat of new entrants is expected to remain low over the coming years, owing to the rapid rate of technological advancements in the market, along with the high level of product design customization required per client, and the high initial investment required to mitigate the risk of forward integration by suppliers.

Get More Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4092

The global market for refrigerated display cases is expected to progress at a CAGR of 11.2% from 2014 to 2020, in terms of revenue. By 2016, this market’s revenue is expected to reach US$12.47 bn and US$19.69 bn by 2020.

The global market for chilled rooms is projected at a CAGR of 9.9% from 2014 to 2020 in terms of revenue. This revenue is expected to reach US$15.90 bn by the end of 2016 and US$23.51 bn by the end of 2020.
Plug-in RDCs and Walk-in Coolers Expected to Maintain Lead in Sales
By 2020, plug-in refrigerated display cases are expected to generate a revenue of US$13.88 bn as this segment maintains its lead. Plug-in RDCs are easier to use, consume lesser energy, and require lesser maintenance than remote RDCs, thereby gaining higher preference, especially in emerging economies.

Walk-in coolers are expected to form the leading product segment for chilled rooms. By 2020, walk-in coolers are expected to reach US$11.33 bn in revenue, due to the massive demand they have from the growing need to conserve food.

Booming Food Service Industry Pumps Production of Refrigerated Display Cases and Chilled Rooms

“The number of fast food restaurants, supermarkets, cafes, and other such places is increasing at a very high rate across the world. With more than half the recent demand for refrigerated display cases and chilled rooms coming from the food services industry, it can be implied that the demand for these equipment types is set to increase over time,” states a TMR analyst.

Browse The Full Report: http://www.transparencymarketresearch.com/refrigerated-display-cases-chilled-rooms-market.html

The demand for refrigerated display cases and chilled rooms is especially high in developing economies, where higher disposable incomes is promoting the sales of more types of foods and greater awareness of food storage hygiene is creating a greater demand for refrigerated display cases and chilled rooms.

In fact, manufacturers of refrigerated display cases and chilled rooms based in North America and Europe are now looking towards regions in Latin America and Asia Pacific. The developed regions are by now saturated with players and host a high intensity of competition. On the other hand, emerging economies are showing a very high promise of growth, attracting many prominent players towards them.

High Energy Consumption of Refrigerated Display Cases and Chilled Rooms Hinders Demand Growth Rate

As stated in a recent study by the European Commission, nearly half of the total energy consumed in food retail stores is due to the presence of refrigeration systems. This is a staggering amount of energy consumed, especially in the case of open display coolers, which are used by a majority of retail stores.

This can be mitigated by implementing modern cooling technologies that can provide the same cooling efficiency with a lesser rate of power consumption, and the use of closed RDCs.

The analyst adds, “This can lead to a major revolution towards the increasing use of eco-friendly RDCs and chilled rooms. Green cooling equipment can thus be the upcoming opportunity for most manufacturers of refrigerated display cases and chilled rooms.”

The information presented in this review is based on a Transparency Market Research report, titled, “Refrigerated Display Cases and Chilled Rooms Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020.”

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.