Beverage Refrigeration Equipment Market to Cross US$ 5,500 Mn by 2025

Global Market Study
on Beverage
Equipment: Increasing Preference for “Grab and Go” Beverage
Coolers to be Observed in the Years to Come
Beverage refrigeration equipment are commercial refrigeration equipment used
at food & beverage retail outlets, such as dairy stores, wine shops, convenience
stores, supermarkets and food service providers, such as hotels, restaurants and
cafes. A new research report by Persistence Market Research highlights the
scenario of global beverage refrigeration equipment market during the forecast
period, 2017-2025. This comprehensive research report is titled ‘Beverage
Refrigeration Equipment Market: Global Industry Analysis (2012-2016) and
Forecast (2017-2025)’ and covers key insights on the market drivers, restraints,
opportunities prevailing in the industry.
According to this market analysis and forecasts, global demand for beverage
refrigeration equipment is expected to grow with increase in the number of
retail stores and also growing preference of people towards quick service
restaurants. The global beverage refrigeration equipment market is expected to
reach a market value of over US$ 5,500 Mn by the end of 2025, growing at a
value CAGR of 3.9% during the forecast period. The growth of the market is
largely fuelled by the increase in demand, especially from emerging countries
in Asia Pacific region.
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Beverage Refrigeration Equipment Market: Trends and Opportunities
With growing advancements in beverage refrigeration equipment, the
preferences of consumers are changing. Moreover, along with rising
environmental awareness across the globe, people are also looking for eco-
friendly refrigerants. In addition, targeting developing countries with high percapita consumption of pre packed beverages will continue to be the core focus
for providers. Other than that, the companies are also going to focus on product
innovations to compete with other players in the market efficiently and increase
their market reach and strengthen their hold.
Beverage Refrigeration Equipment Market: Segmental Analysis
Based on product type, soda fountain segment holds the maximum market
share as compared to other product type segments. However, beer dispensing
equipment is expected to grow at a relatively high value CAGR of 4.7% during
the forecast period.
Based on end-use, food service is expected to lead with a market value of over
US$ 3,300 Mn by the end of 2025. However, food and beverage retail segment
is expected to register a higher CAGR throughout the period of forecast.
With respect to region, North America has the highest market share of over
US$ 1,800 Mn by the end of 2025. Moreover, the beverage refrigeration
equipment is expected to witness high demand from Asia Pacific. The beverage
refrigeration equipment market in Asia Pacific region is projected to grow at a
higher pace throughout the forecast period.
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Beverage Refrigeration Equipment Market: Competitive Landscape
This comprehensive research report includes a brief profile of all the key
players in the industry. Some of these key players, mentioned in the report are
Wolseley Plc, Qingdao Haier Co., Ltd., Gree Electric Appliances, Inc. of
Zhuhai, Daikin Industries, Ltd, Watsco, Inc., Hisense Kelon Electrical Holdings
Co., Ltd., Lennox International, Inc., Rinnai Corp., Takasago Thermal
Engineering Co., Ltd., NIBE Industrier AB etc.
Download and View Report TOC, Figures and Tables
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