The global walk-in refrigerator market was valued at USD 9 billion in 2016 and is expected to surpass USD 13 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global walk-in refrigerator market. This market analysis discusses the major drivers and key emerging trends and offers a competitive analysis of key vendors like Foster Refrigerator, Kolpak, Master-Bilt, and Nor-Lake.
According to Abhay Sinha, a senior analyst at Technavio, “Availability of new walk-in refrigerators with better refrigerants is the major market driver. Refrigerated cabinets use both natural and synthetic refrigerants for refrigeration purposes. However, the use of natural refrigerants will gain prominence as they are energy efficient, and their use in refrigeration is well approved by regulatory bodies worldwide.”
Owing to the efficiency, the market for these natural refrigerants is expected to capture the maximum share of the market and will replace synthetic refrigerants in future. This supremacy of natural refrigerants over synthetic refrigerants is also because the latter increases the potential for global warming.
Click here to request a free sample of this report
Customized walk-in refrigerators
The main objective of the walk-in refrigerator manufacturers is to build customized walk-in refrigerators for end-users such as supermarkets. These customized walk-in refrigerators find its application in storing products at the refrigerated temperatures that are used in the restaurants, grocery stores, floral markets, convenience stores, and food warehouses.
New technologies for increasing energy efficiency
The walk-in refrigerator market is at an embryonic stage and is witnessing new technological advancements at a faster rate. The technology includes features such as anti-short cycling and temperature control, all of which come in one digital controller. The commercial walk-in refrigerators are being designed with unique product features such as integration of touchscreen controllers, smart and automatic functions, and inbuilt with safety sensors, which can stop the fan motor in case of disruption during the cooling cycles.
Ask an analyst to know more about this report
This market research report includes an in-depth analysis and market shares and sizes of the sub-segments and geographic segmentation. A competitive analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Walk-In Refrigerator Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Refrigeration Market 2016-2020
- Global Commercial Blast Chillers Market 2016-2020
- Global Inverter Technology Refrigerators Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
