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Refrigerated Display Cases (RDC) Glasses Market Size will Escalate Rapidly in the Near Future

01-18-2018 10:28 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Refrigerated Display Cases (RDC) Glasses Market Size will

The intense rivalry between local and international vendors has kept the global refrigerated display case (RDC) glasses market fragmented, states a new research study by Transparency Market Research (TMR). Currently, the leading players are competing on the basis of technology. However, they are likely to focus more on developing their distribution channels in the years to come. Beverage-Air Corp., Hussman International, AHT Cooling Systems GmbH, ISA Italy S.r.l., Metalfrio Solutions S.A., Kysor/Warren, SRC Refrigeration, and REMIS GmbH are some of the prominent vendors of refrigerated display case glasses across the world, states the market report.

As per the estimations of this report, the global market for refrigerated display case glasses is likely to rise substantially at a CAGR of 5.70% during the period from 2017 to 2025 and attain a value of 187,525 mn sq. mtr by the end of the period of the forecast. Owing to their efficiency, double glazed glasses are witnessing significantly high demand and the trend is likely to remain so over the next few years. In terms of the region, Asia Pacific leads the worldwide market for refrigerated display case glasses, thanks to the significant increase in the retail and food processing industry, augmenting the sales of refrigerated display case glasses in this region. The scenario is likely to remain so in the years to come, notes the research study.

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“The increasing usage of refrigerated display cases as cooling equipment in a number of industries, such as bakery, meat, pharmaceuticals, and hospitality, is fueling the demand for RDC glasses across the world,” says a TMR analyst. The rising demand for storage units, thanks to a proliferating dairy and ice cream, meat and seafood, and other frozen food supply chains, is also instrumental in the significant growth of the global market for RDC glasses. Going forward, the market is likely to gain from the technological advancements, leading to sophisticated refrigeration products, in the years to come, states the research report.

Overall, the future of the global market for refrigerated display case glasses looks bright; however, the high price associated with them is anticipated to hamper the growth of this market over the next few years. Nonetheless, the advent of anti-reflective and low emission coatings is likely to drive this market substantially in the near future. The market will also benefit from the increasing usage of insulating glass units, specially designed to keep the refrigeration units cools and effective, in the near future, reports the market study.

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From a geographical standpoint, the global refrigerated display cases (RDC) glasses market is dominated by Asia Pacific. Both in terms of volume and growth pace, the market in the region is ahead of others. This is because of a burgeoning retail and food processing industry which are primarily responsible for the sale of refrigerated display casess (RDC). Such commercial consumers are increasingly preferring energy efficient technological equipment to save on operating costs. In the years ahead too, the market in Asia-Pacific is expected to make impressive progress by clocking a CAGR of 6.2% from 2017 and 2025 to become worth 69.55 billion square meter by 2025. This is mainly on account of the proliferation of cold chain, food retail industry, strict regulations pertaining to food safety, and technologically superior products. China and India are main drivers of growth in Asia Pacific.

In terms of volume, North America trails Asia Pacific. Although it is expected to expand at a relatively slower pace of 5.6% in the forecast period, it will likely retain its second position by growing the volume to 53.08 billion square meter by 2025. Europe too is predicted to witness a slower growth compared to Asia Pacific. Between 2017 and 2025, the market in the region will grow at 5.4% to become 40.93 billion square meter.

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Some of the prominent participants operating in the global refrigerated display cases (RDC) glasses market are Beverage-Air Corporation, AHT Cooling Systems GmbH, Hussman International, ISA Italy S.r.l., Kysor/Warren (Lennox International), Metalfrio Solutions S.A., SRC Refrigeration, and REMIS GmbH. Some of the glass makers, coating providers, glass processing, door assembly, retrofitting companies in the market include Anthony (a Dover Company), Guardian Glass, Schott AG, GroGlass, Glacier Door Systems, Styleline Doors, Falkberg, and Thermoseal Industries.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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