The report titled “Refrigerated Display Cabinets Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.
The global refrigerated display cabinet market is estimated to grow at a CAGR of more than 10% during the forecast period 2020 to 2025. Factors like expanding retail (food retail) store network, rise in disposable income, and changing consumer lifestyle, are expected to help support market growth during the forecast period. Remote operated device segment has the highest market share in the global refrigerated display cases market followed by plug-in. Asia-Pacific is anticipated to become the fastest growing market in terms of CAGR over the forecast period.
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Refrigerated display units are intended to store and display chilled and/or frozen foodstuffs and beverages which are for sale. These cabinets allow the stored products to be either directly viewed through an opening in the cabinet or through transparent doors, lids or covers that usually kept closed and can be opened to access the contents and enable users to access any of the contents without stepping inside the refrigerated space.
What are the major applications for refrigerated display market?
Refrigerated display cabinets refer to food service equipment used for the storing and display of food items. They are used to keep food items at optimal temperatures. Further segmenting by the end users RDCs are typically used in supermarkets, petrol stations and smaller food and beverage vendors such as corner stores and delicatessens. Supermarkets use Refrigerated display cabinets to display fruits, vegetables, meat, fish, poultry, dairy, deli items (with dedicated staff) and frozen goods. Petrol stations and smaller vendors use RDCs to display chilled beverages and ice-confectionary.
Regional Analysis For Refrigerated Display Cabinets Market:
For the comprehensive understanding of market dynamics, the global Refrigerated Display Cabinets Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
The latest trend in the refrigerated display cabinet market is the PCM (Phase change material) which save energy and reduce the cabinet air temperature. By integrating PCM radiators better control and stable air cabinet temperature can be achieved. This also enables the product to be used in countries where the power downtime is common due to the low power consumption.
Refrigerated display cases are steadily focusing on improving green refrigerants. Retail operators are switching from open to closed display cases so as to reduce carbon footprint. EU F-gas regulation in Europe has sealed hydro fluorocarbon (HFC) refrigerants which will limit the supply by almost 80% by 2030. Food retailers would be receiving huge incentives to shift from F-gases with natural refrigerants.
Advancement in technology, the advent of solar power displays will emerge as an opportunity for growth. Wire-cooltech applications, introduced magnetic cooling system, which utilizes water coolant instead of refrigerant gas which is the major contributor to the climate change resulting in an eco-friendly solution that consumes minimal energy.
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Key Takeaways from this Report
– Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level for product types, end use applications and by different industry verticals.
– Understand the different dynamics influencing the market key driving factors, challenges and hidden opportunities.
– Get in-depth insights on your competitor performance market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
– Analyze the sales and distribution channels across key geographies to improve top-line revenues.
– Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
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