Transparency Market Research, in one of its recent reports, described a fragmented competitive landscape for the global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market. In 2013, only 21.9% of the market value was held by its leaders: Frigo Glass, Hoshizaki International, Manitowoc Company, Inc., and United Technologies Corporation. According to TMR, the intensity of competitiveness in the market is expected to remain high and increase steadily over the coming years. The market is also expected to be defined by a large number of consolidation efforts, including mergers and acquisitions.
The global refrigerated display cases, beverage refrigerators and dispensers, and chilled rooms market is expected to progress at a highly optimistic CAGR of 11.2% within a forecast period from 2014 to 2020. The market was evaluated at US$12.47 bn in 2016 and is expected to reach US$19.69 bn by the end of 2020.
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Walk-in Coolers to Maintain Dominant Share in Market
Walk-in coolers are anticipated to be the key product segment in the chilled rooms market. By the end of 2020, walk-in coolers are expected to gain a valuation of US$11.33 bn, a forecast attributed to the immense demand for them through the need for food conservation. By 2020, plug-in refrigerated display cases are forecast to reach US$13.88 bn, allowing this segment to maintain its lead. Plug-in RDCs are consume low volumes of energy, easier to use, and are cheap to maintain when compared to remote RDCs, consequently gaining higher value for money among end users from emerging economies.
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