”, the market is expected to reach $12.7 billion by 2023 with a CAGR of 8.44%. Rapid growth of the urban population will enhance the growth of the market during the forecast period.
Europe has a major share in the Refrigerated Display Cabinets Market
Europe dominates the Refrigerated Display Cabinets Market generating a revenue of $4.68 billion by 2023 with a CAGR of 8.66% during the forecast period. The European Union has adopted a set of measures that reduces the energy consumption in Europe. The aim of these measures is to achieve reduction in the greenhouse gas emission levels by 20%. This regulation is also applied for chilled frozen display cabinets and refrigerated display cabinets. In America, increasing investments by the retailers to introduce commercial refrigeration equipment spurs the demand for the counter-top display fridge in the region.
In North America, the supermarkets and other convenience stores are influenced by changing consumer demands and regulations. In Brazil, the number of retail stores and bakery stores are rising. This factor enhances the growth of the display fridge in the country.
Selective type of regulatory analysis done in the full report:
Supermarkets have a major share in the Refrigerated Display Cabinets Market. Changing lifestyles and increasing trends of shopping has led to the growth of supermarkets across the globe. This spurs the growth of the market in the future. Many edible items such as cakes, pastries, chocolates, ice creams attract more number of people and generates higher chances of sale. Thus, a supermarket needs a commercial display fridge.
The glass door fridge can be open or closed. There are various specifications according to the demands of the customer. These include door vertical freezers, open display chillers, cake/pastry display counters. Many manufacturing companies are now producing food display cabinets using new manufacturing facilities. Growing demand for energy efficient refrigerated cases from the commercial food sector has led to the requirement for research and development in the refrigerated display cabinet technologies.
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Excerpts on market growth factors:
Vegetable based salads and dishes have a high nutritional value and a high demand due to its low fat and sugar content. These factors bolsters the growth of the bakery display cases.
Food display cabinets helps to reduce waste and make most of the local produce, reducing the need to buy out of season foods.
There is a demand for food which has a low price and tastes good. Hence, there is a need for an energy saving kitchen equipment that includes catering refrigeration that gives a better performance.
Blast chillers and chilled displays help chefs in making dishes such as layered desserts. This factor is beneficial in the growth of the market.
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Key players of the Refrigerated Display Cabinets Market:
AHT Cooling Systems GMBH produces various refrigerators and chillers which are used in supermarkets, warehouses, etc. The company is one of the world leaders in business which include the production of plugin coolers and freezers. Illinois Tools Works businesses serves customers and markets around the world with more presence in emerging markets. Lenox International is a provider of climate control solutions and markets products for ventilation, air conditioning, and refrigeration.
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