Refrigerated Display Cases: A Global Strategic Business Report
San Jose, California (PRWEB) March 04, 2015
Follow us on LinkedIn – The global refrigerated display cases market is witnessing growth supported by improving economic climate, rising employment rates, strengthening consumer confidence, recovery in consumer discretionary spending, and gradual revival in retail investments. The market is also benefiting from the growing awareness over the importance of visual merchandising and its role in encouraging impulse buying among customers. Faced by intense competition and strict food safety laws, food retailers are keen on improving the visibility of products in order to boost sales, and optimize consumer convenience. The key demographic factors favoring growth in the market include seismic changes in lifestyle and food habits, rise in the number of dual income households, expanding base of women in the workforce and the resulting rise in preference for easy to prepare packaged frozen and chilled food. Global sales of Refrigerated Display Cases (RDCs) are also driven by the growth in the commercial food service sector, against a backdrop of growing consumer demand for convenience, quality and variety in food options.
In addition to the food industry, RDCs are finding increased use in biomedical and pharmaceutical sectors for storing medical samples and drugs at low temperature. The use of refrigerated medicine cabinets for storing medicines and cosmetics is growing in pharmacies and drug stores. The growing government level focus on energy and environment conservation is spurring demand for advanced, eco-friendly and energy efficient refrigeration equipment. Conformance to stringent regulations is driving the need to upgrade to technologically-advanced models of RDCs which offer benefits such as reduced energy costs, lower Volatile Organic Compounds (VOC) emissions and enhanced product visibility.Demand is forecast to grow strongly for advanced eco-friendly refrigeration equipment which use environmentally friendly alternatives to synthetic refrigerants and ozone depleting substances, such as chlorofluorocarbons (CFCs) and Hydrochlorofluorocarbons (HCFCs). Natural refrigerants, such as, hydrocarbons, ammonia, and CO2, which are relatively energy-efficient and less harmful are therefore growing in popularity. Digital illumination systems, LED lighting, close-the-case mechanisms, anti-fogging display case doors, and solar PV power supply systems are some of the notable features being incorporated into the new range of Green RDCs.
As stated by the new market research report on Refrigerated Display Cases, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.6% over the analysis period, buoyed by the rapidly growing urban population, rising disposable income, increase in the size of the female labor force, greater time constraints on home meal preparation and other lifestyles changes fuelling demand for chilled and convenience food products.
Major players covered in the report include AFINOX Srl, Ahmet Yar Sogutma Sanayi Ve Ticaret AS, AHT Cooling Systems GmbH, AJ Baker & Sons Pty Ltd., ARNEG SpA, Beverage-Air Corporation , Blue Star Limited, ColdKit, Epta SpA, Hill PHOENIX Inc., Hoshizaki America, Hussmann Corporation, Ian Boer Refrigeration Pty Ltd, IARP, ISA Italy S.r.l., Koxka Technologies SL, Lennox International Inc., Metalfrio Solutions A/S, Nakano Refrigerators Co., Ltd, Porkka UK Ltd., Sanden Corp., Shanghai Highly Nakano Refrigerators Co. Ltd., United Technologies Corp. , Carrier Kältetechnik Deutschland GmbH, Verco UK, Vestfrost A/S, Williams Refrigeration, and Zero Zone Inc., among others.
The research report titled "Refrigerated Display Cases: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World. ). The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.
For more details about this comprehensive market research report, please click here
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