Beverage Refrigeration Market: Regional Outlook, Growth, Trend, Industry Share & Forecast Report
Category: #headlines  By Rahul Varpe  Date: 2020-03-17
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Beverage Refrigeration Market: Regional Outlook, Growth, Trend, Industry Share & Forecast Report

The Beverage Refrigeration Market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of US$ 4.5 billion by 2024, with an anticipated CAGR of 4% through 2024.

This insightful report has been evaluated with respect to vital aspects such as Industry Strategies, Evolving Technology, Growth rate, Key Companies, Business Competitors, and Forecast till 2024. Substantial details highlighting the importance of the most significant sectors of this business are included in the study.

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Rising beverage consumption is a major driver for the beverage refrigeration market growth. High availability of nourishment drink varieties along with increasing health consciousness is expected to attract consumers to consume drinks at their home rather than in outer outlets. In additional, consumers are heavily investing on specific appliances including milk coolers to hold the quality and flavor of definite drinks for an extended period.

High penetration of hypermarkets and supermarkets globally in consumer goods industry leading to extensive equipment convenience will significantly drive beverage refrigeration market. Global food industry is expected to surpass USD 9.5 trillion by 2024, growing at a rate of 3.4%.

Market Segmentation:

Know about Market growth in New Research and its Top growing factors by Key Companies like

Whirlpool Corporation, Electrolux, Daikin Industries, Dover Corporation, Haier, Edgestar, Ford, General Electrics, Coca-cola, Koolatron, KingsBottle, HABCO, Danfoss, Gamko, Liebherr, Kegco, Marvel, Danby, Avanti, U-line, Allavino, Kenmore, Marvel, Johnson Controls, United Technologies Corporation, Illinois Tool Works

The Regional Evaluation Ensures

  • North America,
  • Europe,
  • Asia Pacific,
  • Latin America (LATAM),
  • Middle East

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North America, led by the U.S. dominates global beverage refrigeration market and is expected to exceed USD 1.1 billion by 2024. Increasing consumer purchasing power coupled with growing capital investment after economic slowdown in the country has boosted the foodservice and restaurant industry in past years. Technical developments in the product including usage of LED lighting systems, improved sensors and augmented demand of bounded type cooling components, is anticipated to stimulate the product demand.

Asia Pacific held more than 20% of overall industry share in 2016. As per the industry estimates, the region is projected to account over two-third of the global beverages consumption by 2020. The region also accounts for 60% of the world population and increasing consumption will provide profitable opportunities for several manufacturers.

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Market Report Includes

  1. An analysis with respect to the present industry scenario in tandem with opportunities for growth opportunities, important vendors, target audience, and market projection until 2024
  2. A comprehensive evaluation with regards to the industry size, growth anticipation, industry remuneration, and major contenders until 2024
  3. A scrutiny of the growth opportunities, expansion forecast, remuneration, and Forecast 2019- 2024
  4. Information on Primary and Secondary Research, Consumption Analysis, Market Segmentation, and Forecast until 2024
  5. An in-depth research on the Emerging Growth Parameters, Market Dynamics, Export Research Report, and Forecast to 2024
  6. Market Analysis, Strategic Developments, as well as Forecast 2024
  7. Product applications, industry trends, technological developments, and current demand and Forecast by 2024
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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