Global Walk-In Refrigerator Market 2017-2021
About Walk-In Refrigerator
Walk-in refrigerators (also called walk-in coolers) are commercial refrigerators, which are available in low and medium temperature ranges and have refrigerated spaces that can be easily walked into. The specifications of the walk-in refrigerators generally range from less than 55 sq. ft. of the floor spacing to multiple thousand sq. ft. with the heights of the ceilings varying from 7 ft. to 32 ft. The walk-in refrigerators are generally used to maintain pre-cooled products at the refrigerated temperature.
Technavio’s analysts forecast the global walk-in refrigerator market to grow at a CAGR of 6.58% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global walk-in refrigerator market for 2017-2021. To calculate the market size, the report considers the revenue generated from the Americas, APAC, and EMEA. The sales of walk-in refrigerators to the retail (supermarkets, e-grocers, convenience stores), foodservice (restaurants, bars, hotels, catering units), bakeries, and healthcare segments have been considered in this report.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Walk-In Refrigerator Market 2017-2021
Technavio recognizes the following companies as the key players in the global walk-in refrigerator market: Foster Refrigerator, Kolpak, Master-Bilt, and Nor-Lake.
Other Prominent Vendors in the market are: ABLE PRODUCTS, American Panel, Amerikooler, Arctic Walk In Cooler & Freezers, Beverage-Air, Delfield, Emerson Electric, FRIGINOX, Haier, Honeywell, Hussmann, Imbera Foodservice, Imperial Manufacturing, Intertek, Panasonic, Precision Refrigeration, SRC Refrigeration, and Victory Refrigeration.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing number of M&A. In the present market scenario, the services provided by the top vendors are being consolidated through M&A. These M&A are executed by a huge number of new technology-enabled entrants. The commercial walk-in refrigerator market comprises an array of international and regional vendors.”
According to the report, one of the major drivers for this market is need to control bacterial growth and extend shelf life of food. Contamination of food affects the safety and quality of the product. It is the most common reason for food poisoning. It can result in products being discarded, which could affect foodservice restaurants, hotels, and other end-users in terms of their turnovers. Food items such as meat, fish, and poultry tend to get infected with bacteria, such as Escherichia coli (E. Coli) and Salmonella when not stored properly, causing food contamination.
Further, the report states that one of the major factors hindering the growth of this market is compressor failure. Customers face problems with the maintenance of compressor pressure and also with the failure of the compressor. This causes huge losses of the products that are stored in the walk-in refrigerator. These problems can be avoided by observing the equipment and taking corrective action.
Foster Refrigerator, Kolpak, Master-Bilt, Nor-Lake, ABLE PRODUCTS, American Panel, Amerikooler, Arctic Walk In Cooler & Freezers, Beverage-Air, Delfield, Emerson Electric, FRIGINOX, Haier, Honeywell, Hussmann, Imbera Foodservice, Imperial Manufacturing, Intertek, Panasonic, Precision Refrigeration, SRC Refrigeration, Victory Refrigeration.