What is Global Refrigerated Display Cabinets Market?
The Global Refrigerated Display Cabinets Market is a vast and dynamic sector that plays a crucial role in the retail industry. These cabinets are essentially commercial refrigeration equipment used for storing and displaying products (such as beverages, food, medicines, etc.) under optimal conditions to maintain their quality and extend their shelf life. The market for these cabinets is global, meaning it spans across all continents and countries, catering to a wide range of businesses from small convenience stores to large supermarkets. The market's value was estimated at US$ 7612 million in 2022, and it is projected to grow to US$ 10050 million by 2029. This growth is driven by various factors such as advancements in refrigeration technology, increasing demand for frozen and chilled products, and the expansion of retail outlets in emerging economies. However, the market also faces challenges such as high energy consumption and stringent regulations regarding refrigerant use. Despite these challenges, the market shows promising potential for growth and innovation.
Frozen Type, Chilled Type in the Global Refrigerated Display Cabinets Market:
The Global Refrigerated Display Cabinets Market is segmented into two main types based on the temperature range: Frozen Type and Chilled Type. The Frozen Type cabinets are designed to store and display products at freezing temperatures, typically below 0°C. These cabinets are widely used in supermarkets, convenience stores, and other retail outlets for storing a variety of frozen products such as ice cream, frozen meals, and frozen meat and seafood. On the other hand, the Chilled Type cabinets are designed to store and display products at chilled temperatures, typically above 0°C but below room temperature. These cabinets are commonly used for storing and displaying perishable products such as dairy products, fresh fruits and vegetables, and chilled beverages. The Frozen Type segment holds the largest share in the market, accounting for over 65% of the total market. This dominance can be attributed to the increasing consumer preference for frozen foods due to their convenience and longer shelf life.
Beverages, Food, Medicine, Other in the Global Refrigerated Display Cabinets Market:
The Global Refrigerated Display Cabinets Market finds extensive application in various areas such as Beverages, Food, Medicine, and Others. In the Beverages sector, these cabinets are used for storing and displaying a wide range of beverages such as soft drinks, juices, and alcoholic beverages at optimal temperatures to maintain their quality and taste. In the Food sector, these cabinets are used for storing and displaying various food products such as dairy products, fresh fruits and vegetables, and prepared meals. In the Medicine sector, these cabinets are used in pharmacies and hospitals for storing and displaying medicines that require refrigeration to maintain their efficacy. The Other sector includes various other applications such as in florists for storing and displaying flowers and in bakeries for storing and displaying cakes and pastries. The versatility and utility of these cabinets in various sectors contribute significantly to their global market.
Global Refrigerated Display Cabinets Market Outlook:
The global Refrigerated Display Cabinets market has shown a promising growth trajectory. In 2022, the market was valued at US$ 7612 million. The market is expected to grow at a steady pace, with a Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2029. By the end of this period, the market is projected to reach a value of US$ 10050 million. This growth can be attributed to various factors such as advancements in refrigeration technology, increasing demand for frozen and chilled products, and the expansion of retail outlets in emerging economies. The market is dominated by the top four manufacturers, who collectively hold a share of over 25%. In terms of product types, the Frozen Type segment holds the largest share, accounting for over 65% of the total market. This dominance can be attributed to the increasing consumer preference for frozen foods due to their convenience and longer shelf life.
| Report Metric | Details |
| Report Name | Refrigerated Display Cabinets Market |
| Accounted market size in 2022 | US$ 7612 in million |
| Forecasted market size in 2029 | US$ 10050 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | AHT Cooling Systems GmbH, Epta SpA, Liebherr, Ugur Cooling, Carrier Commercial Refrigeration, Frigoglass, Arneg, Panasonic, Vestforst, Heatcraft Refrigeration Products, Ahmet Yar, Afinox, Zero Zone, Orford Refrigeration, Metalfrio Solutions, Marchia, Turbo Air, TRUE, Hoshizaki International, ISA, Hillphoenix, Verco Limited, Qingdao Hiron, Haier, Aucma, Zhejiang Xingxing |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
