Key vendors to launch packaged refrigeration with advanced features to suit end-users’ needs and preferences better.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global packaged refrigeration market in their latest research report. This report also lists nine other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global packaged refrigeration market is highly competitive and fragmented owing to the presence of numerous global and regional players. The leading global players are expanding their footprint across the globe, especially in fast-developing countries such as APAC, Africa, and Latin America. The competitive environment in this market is likely to intensify further, with the increase in product/service extensions and technological innovations. Global players are expected to grow inorganically by acquiring regional or local players.
According to Anju Ajaykumar, a lead analyst at Technavio for research on unit operations, “Vendors in the market are launching packaged refrigeration with advanced features to suit end-users’ needs and preferences better. With the latest innovations and new features, players are focusing on differentiating their product offerings through a clear and unique value proposition. Further, companies boost profitability by practicing efficient production techniques that minimize product costs and prevent cost overruns.”
Click here to request a free sample of this report
Top five vendors in the packaged refrigeration market space
Carrier
Carrier is a provider of heating, ventilation, and air conditioning solutions. It also provides transport refrigeration equipment and the replacement components for perishable cargo and commercial refrigeration products. The company acts as a subsidiary of United Technologies Corporation. The company produces commercial refrigerators that meet the need of both small stores and supermarkets. The company focuses on R&D and innovations.
Key products: CO2OLtec systems, convertible counters, multi-decks, vertical freezers, etc.
DAIKIN INDUSTRIES
DAIKIN INDUSTRIES is one of the major players in the refrigeration systems market. The company offers highly efficient and technically advanced refrigeration systems, which provide easy installation and consume less space. DAIKIN INDUSTRIES provide various refrigeration solutions serving the commercial and industrial sectors. DAIKIN INDUSTRIES use industry-leading technologies such as the modular ZEAS system and provides VRV technology, which can create a combi-system.
Key products: Conveni-pack unit and commercial condensing units.
Johnson Controls
Johnson Controls is an important player in the global refrigeration systems market. It offers commercial and industrial refrigeration systems. The company provides two types of industrial refrigeration systems such as York Process Systems and Frick Food and Beverage. It also provides commercial refrigeration systems such as Penn Refrigeration controls and Modular electronic control systems.
Key products: Skidded systems, condensers, evaporators, etc.
LG Electronics
LG Electronics engages in manufacturing and selling of mobile communication devices, consumer electronics, and home appliances. It offers products such as mobile devices, air conditioners, flat panel TVs, washing machines, and refrigerators. The company’s offers products in the market under the categories that include bottom freezer, side-by-side, single door, and double door.
Key products: GR-J31FWCHL, GL-D241AMLN, GL-T542GNSL, etc.
Samsung Electronics
Samsung Electronics engages in manufacturing and selling of consumer electronics, communication, home appliances, and semiconductor products. Some of the company’s product categories available in the market includes 4-Door Flex, Side-by-side, and French door.
Key products: 4-Door French door refrigerator, side-by-side refrigerator with in-door ice maker, counter depth Euro Chef refrigerator, etc.
Ask an analyst to know more about this report
A comprehensive analysis is available in the Technavio market research report, ‘Global Packaged Refrigeration Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Browse related reports:
- Global Refrigerated Road Transportation Market 2017-2021
- Global Walk-In Refrigerator Market 2017-2021
- Global Refrigerated Display Cases Market 2016-2020
To read more press releases – click here
