Beverage Refrigeration Equipment Market Size Estimated to Observe Significant Gr
Posted by Swapna on October 2nd, 2017
Global Beverage Refrigeration Equipment Market: Introduction
Beverage refrigeration equipment are extensively used to maintain desired temperature and freshness of beverages across food service and manufacturing establishments. Beverage refrigeration equipment exclusively used for storing beverages especially in retail formats and thus eliminating need of main refrigerator. These equipment are available in variety of capacity and sizes suitable for particular food service or manufacturing establishment. Furthermore, these equipment come with various features and designs to facilitate end users to store certain types of products, including dairy products, alcoholic and non-alcoholic beverages at optimal temperature.
The market for global beverage refrigeration equipment is estimated to increase on the backdrop of developing beverage industries and food retail outlets. Enhancement of energy efficiency and mitigation of consumption without compromising over performance are among prime concerns for end users. Energy star ratings, enhanced cooling efficiency and low maintenance cost are some of the drivers for substantial replacement rate of beverage refrigeration equipment across the globe.
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Global Beverage Refrigeration Equipment Market: Market Dynamics
Rapid urbanization and changing lifestyle boosts the consumption of beverages in shopping malls, retail shops, restaurants, wine shops, coffee shops and other food retail formats. The need of optimum preservation of beverage products is the primary driver supporting growth of beverage refrigeration equipment market. Furthermore, increasing investments in food and beverage processing plants pushes the need of preservation equipment and thus, drives the global beverage refrigeration equipment market.
Some of the minor restraints associated with global beverage refrigeration equipment market include issues regarding portability and maintenance. Another issues with the conventional beverage refrigeration equipment is regarding their bulky design which often poses logistics issues. Aforementioned reasons moderately affects the growth of beverage refrigeration equipment market. In addition, these equipment disperse excess heat, emit greenhouse gas and consumes excess electricity which increases their operational cost.
Use of natural refrigerants in the beverage refrigeration equipment is one of the prime trend prevailing in global beverage refrigeration equipment market. In order to reduce the carbon footprints in environment, all the greenhouse gas producing refrigerants are gradually getting replaced. Refrigerants with Low Global Warming Potential (GWP) and Zero Ozone Depletion Potential (ODP) are being utilized in the beverage refrigeration equipment. These refrigerants include carbon di oxide, Propane, Ammonia HFOs/HFCs blend and other natural refrigerants. In the next few years, it is expected that many of the new beverage refrigeration equipment will contain low GWP alternative refrigerant. Research and development are going on in order to find the best choice of refrigerant with the aforementioned properties. Co2 based beverage refrigeration equipment are expected to witness significant growth rate.
Global Beverage Refrigeration Equipment Market: Market Segmentation
Global beverage refrigeration equipment market can be segmented according to the product type, refrigerant used, end-use and design.
On the basis of product type, global beverage refrigeration equipment market can be segmented as:
On the basis of refrigerant used, global beverage refrigerant equipment market can be segmented as:
On the basis of end-use, global beverage refrigeration equipment market can be segmented as:
On the basis of design, global beverage refrigeration equipment market can be segmented as:
Global Beverage Refrigeration Equipment Market: Regional Outlook
North America is forecast to witness moderate growth rate in beverage refrigeration equipment market, owing to substantial installed base in the region. With the sheer rise in urbanization in Middle East and Africa, countries are foreseen to boost the beverage refrigeration equipment market. In addition, promising growth is also foreseen in Latin America beverage refrigeration equipment market. Moreover, the growth of end use industries in Asia Pacific is foreseen to boost the market of beverage refrigeration equipment.
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Global Beverage Refrigeration Equipment Market: Key Participants
Examples of some of the market participants in the global beverage refrigeration equipment market identified across the value chain include
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About the AuthorSwapna
Joined: August 30th, 2017
Articles Posted: 43
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