Refrigerated Display Cases Market (Plug-in and Remote) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Albany, NY -- (SBWIRE) -- 08/17/2016 -- According to a recent market research report published by Transparency Market Research, the global refrigerated display cases market is estimated to expand at a CAGR of 9.6% during the period between 2013 and 2019. The report, titled "Refrigerated Display Cases Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," projects the global refrigerated display cases market to be worth US$16.28bn by 2019. The overall market stood at a valuation of US$8.78bn in 2013.
Refrigerated display cases or cabinets are specially designed refrigerators/freezers used to keep perishable items that require cold storage. Refrigerated display cases are widely used across the food and beverages industry, particularly in grocery stores, supermarkets/hypermarkets, catering businesses, hotels/restaurants, and other non-conventional outlets including kiosks and gas stations. Refrigerated display cases are also being used in the biomedical sector for storing drugs or specimens.
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The report states that the changing food consumption trends, along with the proliferation of hotels, supermarkets, and cafes have boosted the growth of the global refrigerated display cases market. Technological advancements have led to the development of refrigerators with critical control temperature features. However, the growing focus on energy efficiency and stringent environmental regulations are expected to hinder the growth of the market during the forecast period. The overall market has considerable scope for growth with the introduction of environment friendly refrigerated display cases and commercial infrastructure developments across emerging economies.
On the basis of product design, the report segments the global refrigerated display cases market into horizontal-top open, vertical-front open, and others (hybrid/semi-vertical). The vertical-front open refrigerated display cases are expected to register higher demand compared to other designs as they are portable and can display the items on vertical fashion while occupying relatively less space.
In terms of product type, the report categorizes the global refrigerated display cases market into remote refrigerated display cases and plug-in refrigerated display cases. The demand for plug-in refrigerated display cases is high due to features such as portability and low installation time.
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The report studies the global refrigerated display cases market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. Owing to the economic growth in Asia Pacific, the region holds a high potential for growth of the market. The rapid expansion of the commercial services sector, especially the hospitality and retail industries has led to a higher demand for refrigerated display cases. In North America and Europe, the market is witnessing stiff competition due to the presence of some of the largest market players.
Describing the competitive landscape, the report profiles some of the key players in the global refrigerated display cases market such as Beverage-Air Corporation, Metalfrio Solutions S.A., Daikin Industries Ltd., Dover Corporation, United Technologies Corporation – Climate, Controls & Security Unit (Carrier), Illinois Tool Works Inc., Lennox International Inc., Hussmann International Inc., Epta S.p.A., AHT Cooling Systems GmbH, and Blue Star Ltd. The report further provides crucial information about the key players including their business strategies, recent developments, and financial overview.
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