The demand in the global freezers market will increment at a CAGR of 5.0% during the forecast period of 2017 to 2025.
Albany, NY -- (SBWIRE) -- 03/28/2018 -- Across the world, the freezer is one of the most important equipment of any home or shop where storing of food in cool place is required. Presently, increasing consumption of processed food and beverages globally has been stoking the demand for freezers. Due to this, the global market for market is increasing at a significant rate. Considering these facts, a fresh study titled "Freezers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025" has been publicized to the wide database of Market Research Hub (MRH). This 210-page intelligent study offers a holistic outlook on the development of the market with reference to revenue share in US$ Million among the various regions such as Latin America, the Middle East and Africa, Asia Pacific, Europe, and North America.
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Major Insights from the Report
Analysts of this extensive study found that owing to the increasing demand for refrigerated food products, changing consumer lifestyle, and growing import & export activity in food and beverage sector. Moreover, the increasing number of restaurants and supermarkets has subsidized extensively to the growth of the freezers market. As per the research key findings, the demand in the global freezers market will increment at a CAGR of 5.0% during the forecast period of 2017 to 2025. In terms of revenue, it has projected that the global freezers market will be worth US$18,300.6 mn by the end of 2025, greatly more than its valuation worth of US$12,350.8 mn in the year 2017.
Initially, the overview of the study features the market potency and the key trends which include opportunities, restraints and drivers that impact the present and future market status of the freezers. Furthermore, the research publication segregates the worldwide market for freezers into the application, product type, capacity, door type and region. This report provides all the crucial information required to cognize the key developments in the freezers market, growth trends of each segment and region.
The geographical outlook of the report highlights market growth in some prime regions including Europe, Asia Pacific, North America, MEA and South America. At present, North America and Europe are the lucrative regions, and the adoption of freezers across these two regions is expected to increase further in the near future.
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On the basis of product type, the market has segmented into chest freezers, upright freezers, and others. On the basis of capacity, it covers 200 & below, 200-300, 300-500 and 500 & above. Moreover, based on door type, the market is segmented into 1 Door, 2 Doors, 3 Doors, and 4 Doors & above.
The report is also a source of detailed competitive landscape and offers lucid insights on the manufacturer's active in this market. Business and product strategies of some of the leading companies have been discussed in detail in the report. Some of the key players include Beverage-Air Corporation, Daihan Scientific, ThermoFisher Scientific, AB Electrolux, Whirlpool Corporation, Hitachi Ltd., LG Electronics, Liebherr Group, Siemens Home Appliances, Haier Group Corporation, Brandt Electric, Hengel Industries, and Panasonic Corporation among other.
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