Global Chest Freezer Market Report 2019: Market Value Expected To Cross USD 2.40 BN By 2026
Posted On January 06, 2020
As per a report on the Global Chest Freezer Market published by Value Market Research, the market was valued at USD 1.85 BN in 2019 and is anticipated to reach USD 2.40 BN by 2026 with a CAGR of 3.84% within the forecasted period from 2019 to 2026. The rise in the demand for frozen food products such as meat, fishes, prawns and vegetables are factors driving the growth of the global chest freezer market. The growth in the applications of chest freezers in laboratories for preserving vaccines, injections and other such drugs is further expected to fuel the market demand. The transition in consumer-eating habits coupled with a busier lifestyle has contributed significantly to the increase in demand for frozen food products which in turn has boosted the chest freezer market globally.
A chest freezer is the freestanding, thermally insulated freezing appliance that is utilized to store perishable products such as vaccines, drugs, samples, precooked meals, vegetables, fruits, meat, fish and prawns. By design, it is a chest shaped freezer either rectangular or cubical with doors opening on lifting it up. Functionally, chest freezers limit the circulation of air and thus help in maintaining the temperature below freezing. The benefits of using chest freezers are that they offer better storage space, high insulation, powerful compression, cost-effectiveness and freezing capacity. Manufacturers are utilizing advanced technologies such as the Internet of Things (IoT) and other electronic components like embedded sensors in order to improve the functionality and energy efficiency of chest freezers. Smart chest freezers that are available in the market are able to automatically recognize the type and weight of the food stored in the freezer while monitoring and changing the temperature of the freezer as per the customer's requirement. The introduction of advanced human-machine interface designs for chest freezers is one of the upcoming trends that is gaining popularity in the chest freezers market.
The report “Global Chest Freezer Market Report By Capacity (500 & Above Liters, 300 To 500 Liters, 200 To 300 Liters, And 200 & Below Liters), By Application (Retail, Hospitality, Food And Beverage Processing, Cold Storage & Warehouses And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market analysis, market dynamics and a complete outlook on the competitive landscape of the global chest freezer market.
By capacity, 500 & above liters, 300 to 500 liters, 200 to 300 liters and 200 & below liters are the segments of the global chest freezer market. Among these mentioned copacities, 500 and above liters hold the maximum market share, due to higher demand among the end users. By application, retail or hospitality, food & beverage processing and cold storage & warehouses are the segments of the global chest freezer market as per the report. Food and beverage processing application holds a prominent market share for chest freexers globally.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the geographical segments of the global chest freezer market The North America chest freezers market is the leading region globally. This is largely due to high health conscious population and increasing disposable income in this region .
The Report Segments Global Chest Freezer Market -
- 500 & Above Liters
- 300 To 500 Liters
- 200 To 300 Liters
- 200 & Below Liters
- Retail, Hospitality
- Food And Beverage Processing
- Cold Storage & Warehouses
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
AB Electrolux, Elan Professional Appliances Pvt. Ltd., Haier lnc., Kieis Ltd., Rockwell Industries Ltd., The Middleby Corporation, Western Refrigeration Private Limited, Westinghouse Electric Corporation, Whirlpool of India Limited And Williams Refrigeration
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