With several food and beverage retail stores realizing the inevitability of beverage refrigeration equipment, the market for beverage refrigeration equipment is bound to grow remarkably in the next 10 years. Persistence Market Research has walked through these facts with future prospects in its latest market study entitled “Beverage Refrigeration Equipment Market”.
How is the Beverage Refrigeration Equipment Market categorized?
The global beverage refrigeration equipment market, by type of product, spans drinking fountain, soda fountain, beverage dispensing, beer dispensing, and beverage coolers. By end-use industry, it’s food service sector and retail food & beverage sector. Persistence Market Research has entailed these facts with subsequent courses of action in its latest market study entitled “Beverage Refrigeration Equipment Market”.
The Asia-Pacific holds a significant market share due to growing demand for chilled beverages in countries like Japan, South Korea, China, and India. Customers are inclined towards nutrition-based beverages, i.e. the ones that are cultivated using organic supplements and seeds. North America is also a leading player herein. The consumers are willing to shell out more money for chilled, but healthy beverages.
This safety factor is expected to keep the hopes high for North America in the forecast period. Europe is home to leading beverage manufacturing companies. The flourishing hospitality industry in Germany, the U.K., and France is the factor driving the beverage refrigeration equipment market herein. MEA is also expected to contribute for a major chunk with it hosting events like FIFA World Cup 2022 and World Expo. Persistence Market Research has etched these facts with insights in its latest market study entitled “Beverage Refrigeration Equipment Market”.
Persistence Market Research has profiled the key players in beverage refrigeration equipment market as Panasonic Corporation, Dover Corporation, Frigoglass SAIC, AHT Cooling System GmbH, Powers Equipment Company, Inc., Beverage Air Corporation, MF Refrigeration Ltd., Perlick Corporation, Skope Industries Ltd., QBD Modular Systems Inc., Metalfrio Solutions, Inc., Manitowoc Company, Inc., LINDR. CZ. s.r.o., Cornelius Beverage Technologies Ltd., True Manufacturing, Hoshizaki Lancer Pty Ltd., and likewise.
Persistence Market Research has also not missed out on mentioning the latest developments in this regard. For instance – Carrier Corporation, in June 2021, did deliver 16 new-fangled trucks as well as vans to Euro Foods (involved in supplying frozen and chilled food). They encompass Transicold refrigeration systems. Emerson Electric Co., in May 2021, did donate sustainable refrigeration system to Helix Innovation Center’s Gem City Market. It is amongst the collaborative grocery stores in local food desert selling fresh food products.
Persistence Market Research has also listed down the technological advancements being incorporated herein. For example – BITZER, in July 2021, did launch gas coolers for CO2 applications in beverage refrigeration. The coolers do render resistance to heat and pressure. They are beneficial for the systems with capacity over 250 kW. Danfoss, in May 2021, did launch A2L-ready, multi-refrigerant condensing units to cater to ultra-low GWP installations. It does help in reducing indirect emissions and energy consumption.
The global beverage refrigeration equipment market is likely to grow with splendour in the next 10 years – Persistence Market Research