Global Refrigeration Coolers Market Is Expected To Have A Moderate CAGR Of 6% During The Forecast Period 2022-2032
Though the refrigeration coolers market growth was disrupted to a certain extent by COVID-19 in the last couple of years, the manufacturing sector is expected to pick up the pace gradually in the coming months. The refrigeration coolers market is predicted to move forward at a moderate pace with a CAGR of 6% from 2022 to 2032, following the refrigeration coolers market analysis by Future Market Insights (FMI).
The refrigeration coolers market is anticipated to garner a
revenue of about US$ 5 Bn by 2027, with the factors mentioned above holding sway
over the market.
Customized walk-in refrigerator installation has grown in
popularity in recent years, emphasising the importance of efficient
refrigeration in commercial applications. The use of safety equipment is
required when working with ammonia-based refrigeration systems.
Ammonia, when combined with certain hydrocarbons, is a
flammable and corrosive refrigerant that has been shown to be lethal when
inhaled. As a result, the demand for refrigeration coolers is reduced.
Request For Sample@
https://www.futuremarketinsights.com/reports/sample/rep-gb-14275
In the wake of the COVID-19 pandemic, increased demand for
online grocery shopping and frozen food has prompted e-commerce companies to
invest in refrigerated warehouses and cold storage, thereby facilitating
the adoption of refrigeration coolers.
Key Takeaways:
- Based
on product type, medical refrigeration is likely to gain traction, thereby
influencing the emerging trends in the refrigeration coolers market
trends, given the rising graph of commercial refrigerators for salein
hospitals and other medical facilities, particularly in emerging
economies.
- By
application, the refrigeration coolers market is projected to be dominated
by commercial applications owing to its wide array of applications. These
coolers are helpful concerning commercial fridges, such
as beverage fridges
- By
refrigerant type, ammonia is expected to lead the industrial
refrigeration marketas it is a common refrigerant in industrial
refrigeration systems around the world and meets the low-GWP standard.
- As per
the refrigeration coolers market outlook, the supermarket segment is
estimated to account for the largest share of the global
refrigeration marketby end-use.
- The
refrigerator coolers market is forecasted to reach US$ 3.6 Bn by mid-2022.
“The refrigerated cooler market in Asia-Pacific is
expected to grow at the fastest rate where A.P.A.C. includes countries like
China, India, and Japan, which are global leaders in terms of refrigerated
warehouse capacity, and global market players are seeing strong demand from
countries like China, India, Japan, and South Korea, where a high demand for
food primarily drives population growth, and in turn broadening
the refrigeration coolers market opportunities.” says an F.M.I.
researcher.
Key Segments
By Application:
- Commercial
- Industrial
By Component Type:
- Evaporators
- Air
Coolers Condensers
By Refrigerant Type:
- HFC/HFO
- NH3
- CO2
- Glycol
- Others
By Region:
- North
America
- Europe
- Latin
America
- Asia
Pacific
- Middle
East and Africa
Competitive Landscape:
A few notable commercial refrigeration
companies are Daikin Industries Ltd., Haier Electronics Group Co., Ltd.,
Illinois Tool Works Inc. (I.T.W.), A.B. Electrolux, Panasonic Corporation, Ali
Group Srl, Frigoglass S.A.I.C., Dover Corporation and United Technologies
Corporation.
Comments
Post a Comment