Refrigerated Display Cases, Beverage Refrigerators and Dispensers, and Chilled Rooms Market Will See Strong Expansion Through 2020
The growing number of supermarkets, cafes, and hotels across the world is the key reason for the currently increasing demand for refrigerated display cases and chilled rooms. More than half of the commercial sales of refrigerated display cases have been made to the food service and food retail industries over the past few years. As their numbers grow, so will the demand for refrigerated display cases and chilled rooms to store food and beverages. Prominent retail chain operators are also showing a further increase in the demand for refrigerated display cases and chilled rooms by penetrating the markets in the emerging economies. They are steadily shifting focus from the highly competitive and matured markets of North America and Europe towards Asia Pacific and Latin America.
The use of refrigerated display cases and chilled rooms has also increased post the growing awareness of retail chain operators and individual store owners of the dangers of storing certain foods without refrigeration. This is further boosted by the increasing stringency of food safety and quality regulations.
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Manufacturers of refrigerated display cases and chilled rooms, however, must develop solutions for the challenges such as the high energy consumption rates of most refrigerated display cases and the high purchasing cost of cold rooms.
Owing to the above factors, the global market for refrigerated display cases is projected at a CAGR of 11.2% from 2014 to 2020. By the end of 2016, this market’s revenue is expected to reach US$12.47 bn and US$19.69 bn by 2020. The CAGR for the global chilled rooms market is expected to be 9.9% from 2014 to 2020. By the end of 2016, this market’s revenue is expected to reach US$15.90 bn and US$23.51 bn by 2020.
The global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms marketis 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.
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