Beverage Refrigeration Market Growth by Applications 2017-2024

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Global Beverage Refrigeration Market will surpass
7.4 million units by 2024.
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Global Market Scenario of Beverage Refrigeration
Market

• The commercialization matrix of beverage
  refrigeration market is forecast to be positively
  high over the forthcoming years with the
  continuous modernization of food preservation
  techniques.
• Along with provision of cooling at a diversified
  storage conditions, beverage refrigeration
  industry participants are increasingly focusing
  on curbing the detrimental impact of the
  refrigerants on the environment.
• In this regard, it is prudent to mention that
  Frigels ingress in the business with its
  engineered refrigeration system has significantly
  impacted the overall competitive landscape of the
  industry.
• Reportedly, Frigels modular approach of
  engineered cooling system which was launched in
  the year 2015 can perform precise beverage
  cooling that require zero contaminants.

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• Mandatory roll outs, especially implemented
  across developed nations, relating to the banning
  of fluorocarbon based refrigeration, is expected
  to influence global beverage refrigeration
  industry trends in the years ahead.
• For instance, upgradation of energy standards by
  the U.S. Department of Energy (DoE) along with
  EPAs revised regulations on Refrigerant
  Management System under section 608 to reduce the
  ozone depletion have brought a new dimension to
  beverage refrigeration market outlook.

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North America Beverage Refrigeration Market, By
Product, 2013-2024, (Thousand Units)
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360 Industry Analysis

• For instance, upgradation of energy standards by
  the U.S. Department of Energy (DoE) along with
  EPAs revised regulations on Refrigerant
  Management System under section 608 to reduce the
  ozone depletion have brought a new dimension to
  beverage refrigeration market outlook. Under this
  section, EPA has extended a couple of energy
  efficient substitute refrigerants like HFCs
  (hydrofluorocarbons) that would reduce the
  climate damaging emissions from refrigeration
  equipment by a huge amount.

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• Regional Analysis
• North America, the extensive growth of beverage
  refrigeration industry is quite vivid across APAC
  belt. Increased packaged drink consumption is
  deemed to be the preliminary drive stimulating
  the regional market outlook. As per a recent
  statistic, global consumption of packaged drink
  in the year 2016 was approximately 1.05 trillion
  liters, of which China alone accounted for almost
  178.6 billion liters.
• Competitive Analysis
• Some of the prominent players involved in the
  industry include Electrolux, Dover Corporation,
  Whirlpool Corporation, Daikin Industries,
  Coca-cola, KingsBottle, HABCO, Danfoss, Liebherr,
  Kenmore, and General Electrics. These players are
  heavily investing in product innovations toward
  the development of advanced technologies endowed
  with more environmentally viable properties.
  Mergers Acquisitions is another strategy widely
  adopted by the beverage refrigeration market
  biggies for sustaining the competition. For
  instance, the acquisition of Belgium Chemical
  Group, Solvay S.A. by Daikin Industries in 2015
  allowed the Japanese conglomerate to expand its
  business profile in Europe.

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Latest Research Report On Beverage
Refrigeration Market_at_ https//www.gminsights.com/
industry-analysis/beverage-refrigeration-market
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