- Restaurants, Supermarkets and Hypermarkets & Retail Stores are the Key Customer Segments in the Walk-in Refrigeration Market in the US
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Walk-in Refrigeration Market in the US. The report finds increasing use of Green Technology and Renewable Energy sources as a key trend affecting the Walk-in Refrigeration Market in the US. The analysis is for the forecast period 2014-2018.
As per research analysis, the Walk-in Refrigeration market in the US is increasingly adopting green technology and using renewable energy sources to create energy-efficient, eco-friendly walk-in refrigerators. The government is adopting green initiatives and implementing the use of renewable energy sources to promote clean energy. Moreover, the advent of hybrid systems and non-polluting refrigerants is leading to the provision and adoption of green technology by vendors and end-users, respectively. In addition, vendors are developing innovative walk-in refrigeration systems that are compatible with eco-friendly refrigerants. Further, companies are manufacturing walk-in refrigerators to meet/exceed the guidelines set by the ENERGY STAR program and the EnergyGuide labels.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “The Walk-in Refrigeration market in the US is highly fragmented. The market has well-diversified international, regional, and local vendors, competing in terms of quality, durability, and reliability. Moreover, these small vendors are facing difficulties in catering to the large-scale demand for commercial refrigeration equipment from large enterprises because they have limited production capacity. ”
He added, “The competitive environment in this market is expected to intensify with an increase in technological innovations and an increase in mergers and acquisitions in the future. It is expected that international players will grow inorganically during the period 2014-2018 by acquiring regional or local players.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Walk-in Refrigeration Market in the US 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Walk-in Refrigeration Market in the US. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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