openPR Logo
Press release

Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market Analysis & Key Trends 2020

09-22-2017 09:09 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR - Research Reports

Refrigerated Display Cases, Beverage Refrigerators

The global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market is expected to progress at a highly optimistic CAGR of 11.2% within a forecast period from 2014 to 2020. The market was evaluated at US$12.47 bn in 2016 and is expected to reach US$19.69 bn by the end of 2020.

Walk-in Coolers to Maintain Dominant Share in Market

Walk-in coolers are anticipated to be the key product segment in the chilled rooms market. By the end of 2020, walk-in coolers are expected to gain a valuation of US$11.33 bn, a forecast attributed to the immense demand for them through the need for food conservation. By 2020, plug-in refrigerated display cases are forecast to reach US$13.88 bn, allowing this segment to maintain its lead. Plug-in RDCs are consume low volumes of energy, easier to use, and are cheap to maintain when compared to remote RDCs, consequently gaining higher value for money among end users from emerging economies.

View and Download TOC of Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market Research Report@ https://www.transparencymarketresearch.com/report-toc/4092

Thriving Food Service Industry Drives Refrigerated Display Cases and Chilled Rooms Demand

“The number of avenues in the food services industry are increasing practically on a daily basis. Locations such as supermarkets, cafes, fast food restaurants, and similar places are growing in count swiftly very high rate at a global scale. A majority of the recent demand for refrigerated display cases and chilled rooms has emanated from the food services industry, and it can therefore be said that the booming growth rate of the food services industry will propel the demand for these equipment types over time,” states a TMR analyst.

The demand for refrigerated display cases and chilled rooms is principally high in emerging economies, a factor attributed to increasing disposable incomes and growing awareness. Both factors are swiftly promoting the sales of multiple avenues in the food and beverages industry. The increasing rate of awareness of food storage hygiene is especially creating a surge in demand for refrigerated display cases and chilled rooms in these regions.

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

A study conducted through the European Commission states that nearly 50% of the overall energy consumed in retail stores for food happens through their refrigeration systems. This is a massive volume of energy, which is especially high in the case of open display coolers. Their convenience of use makes them highly preferred, however, further straining the need to adopt power conservation methods. This problem can be resolved to an extent by using modern cooling technologies that can provide results similar to conventional equipment, while reducing the rate of power consumption. The use of closed RDCs is also being promoted heavily in place of walk-in variants.

Request and Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4092

The analyst adds, “There is a high likelihood of a major revolution in this market regarding the use of greener RDCs and chilled rooms. Eco-friendly cooling equipment can therefore present players in the market with several opportunities over the coming years.”

Transparency Market Research, in one of its recent reports, described a fragmented competitive landscape for the global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market. In 2013, only 21.9% of the market value was held by its leaders: Frigo Glass, Hoshizaki International, Manitowoc Company, Inc., and United Technologies Corporation. According to TMR, the intensity of competitiveness in the market is expected to remain high and increase steadily over the coming years. The market is also expected to be defined by a large number of consolidation efforts, including mergers and acquisitions.

The newer players to show hope of entering the global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market, as per the TMR report, are likely to face high entry barriers over the coming years. The rate of technological advancement in the market is currently moving at a very fast pace, creating a sizeable gap for new players to cross before they can establish competition with the larger players in the market. They therefore will require very high capital investments while providing a high level of design innovation and customization options, to show worth competition in the market.

Buy Full Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=4092<ype=S

About TMR

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
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.

Permanent link to this press release:

Copy
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 Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market Analysis & Key Trends 2020 here

News-ID: 733590 • Views:

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2024
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1.07 Billion by 2024
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million by 2024
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for Refrigerated

Refrigerated Transport Market: Impact Of Russia-Ukraine War On Refrigerated Tran …
Global Refrigerated Transport Market 2022-2028: As the world economy continues to grow, so does the need for efficient, reliable data. This is why we are releasing our Global Refrigerated Transport Market 2022-2028 report, which will give you a comprehensive overview of this industry. In this report, you'll find historical and future cost, revenue, demand, supply and import/export data for your distributor's value chain. You'll also get an in-depth analysis of
Global Refrigerated Vehicles Market: India’s Import of refrigerated vehicles w …
Refrigerated trucks include different types of vehicles used for different transportation needs depending on loading requirements. Some of these types include refrigerated vans, refrigerated trucks, refrigerated trailers, refrigerated wagons, refrigerated vessels, refrigerated air transport, refrigerated containers, temperature controlled containers, intermodal refrigerated containers, insulated containers, integrated refrigerated containers, and multi-modal. Includes temperature container. Increasing consumer awareness of fresh food is one of the key factors in increasing demand for refrigerated vehicles
Refrigerated Transport Market Forecast to 2028 - COVID-19 Impact and Global Anal …
MARKET OVERVIEW Refrigerated transportation is also known as reefer freight. Refrigerated transport is a means of conveyance of food products pharmaceuticals that require special, temperature controlled vehicles. The vehicle is used for refrigerated transportation has a built-in refrigeration system that keeps the products at a preferred temperature throughout the transportation process. The benefit of refrigerated transportation is that it keeps products from deteriorating and losing its value during the transportation process.
Refrigerated Display Cabinets Market
Refrigerated Display Cabinets market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading
Refrigerated Counter Market - Promising Growth in Store for APAC Refrigerated Co …
Illinois Tool Works, Inc., Hoshizaki Corp., Ali Group, Electrolux AB, and Liebherr - the top five players in the global refrigerated counters market - accounted for a share of just under 62% in 2015. Transparency Market Research notes that this fragmented market is characterized by the presence of an increasing number of players attempting to gain market share via mergers, acquisitions, and divestments. Product innovation and technology differentiation are expected
Refrigerated Display Cases Market: Exhibit 9.6% CAGR due to Growing Demand for P …
Refrigerated display cases/cabinets (RDCs) refer to specially designed freezers/refrigerators used to display (and store) items that require cold storage. These are commonly used across companies operating in the food and beverage industry such as supermarkets/hypermarkets, grocery stores, hotels/restaurants and catering businesses, and non-conventional outlets such as gas stations and kiosks/local grocers. Use of RDCs by the biomedical sector for storing specimens or drugs is also gradually picking up. This is