Refrigerated Cabinet Market - Global Industry Size, Share, Growth, Trends Analysis For 2016 - 2024

Refrigerated cabinets are insulated refrigerated boxes with doors. Refrigerated cabinets are extensively used for the temporary storing of consumable products in stores as well as in the food service industry. The internal and external cases of the cabinets are made of plastic, steel, or aluminum. A coating of low-temperature insulation, usually 50–100 mm thick is positioned amid the cases. The doors are either insulated or made completely of metal or comprise double or triple glass. Racks, shelves or trays are placed inside the cabinet. Then they are refrigerated by a small cooling machine with a built-in or detached chilling unit. Subject to the temperature in the chilled space, a division is made based on low-temperature (below – 18°C) and medium-low-temperature (largely in the range of 1°–3°C) cooled cabinets.

Refrigerated cabinets with extensive low-temperature protection and higher-capacity chilling machines are primarily used in research laboratories and in industries for purposes such as the cold setting of tools.

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One of the major driving factors in the global refrigerated cabinet market is the considerable increase in number of patents for refrigerated cabinets worldwide. Patent requests and consents signifies continuous product innovation in the refrigerated cabinet market, which is a key factor contributing to the progress of the market. The bulk of the leading players in the market understand the importance of innovation and are allocating a significant proportion of their revenues to R&D activities as a tactical approach to enhance their global market share.

Rising cost of raw material, especially coating materials, coupled with lack of skilled labor has resulted in high manufacturing cost of refrigerated cabinets. This factor is likely to pose a challenge to the overall growth of the market. However, one of the key factors encouraging the growth of the global refrigerated cabinet market is the rising use of natural refrigerants such as ammonia. As synthetic coolants add significantly to ozone layer depletion as well as global warming, quite a few governments around the globe have mandated strict regulations on their use. This is expected to boost the adoption of natural refrigerants during the forecast period. Additionally, the use of ammonia as a substitute to synthetic coolants has been broadly supported by retail divisions throughout the globe, which is poised to fuel the growth of the global refrigerated cabinet market.

The global refrigerated cabinet market can be segmented by product type and geography. Based on product type the market can be classified into wine cabinets, storage cabinets, and other cabinets. Storage cabinets held a significant market share and is expected to dominate the global market during the forecast period. These storing cabinets have booths that is accessible from any drawers or doors. Additionally, refrigerated cabinets are available both in low and medium temperatures and can be modified as per end-user requests, which has increased their adoption in convenience stores, commercial kitchens, pharmacies, and supermarkets. Moreover, the progress of the retail sector in developing economies will augment the usage of refrigerated storage cabinets in these sectors.

On the basis of geography, the refrigerated cabinet market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific held a significant market share in the global refrigerated cabinet market. The progress of the market in this region is credited to the rising adoption of refrigerated cabinets in developing economies such as China and India. Additionally, the rising demand for wine is an additional factor that will boost the market in the Asia Pacific region.

Key companies in this market are Illinois Tool Works, Traulsen, Carrier, and LEEC. Other vendors in the market include Coldline, Danby, Foster, Haier, Imbera Foodservice, Liebherr, Husky International, Dalucon Refrigeration Products, Hengel, Master-Bilt, Mopec, CMS, Africhill, True Manufacturing, Hussmann, Marvel, CEABIS, Irinox, Viessmann, and Williams Refrigeration.

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