Commercial
Refrigerators Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast, 2013 - 2019
Refrigerators
are used to cool down perishable food items, thereby preventing action of mold,
yeast and bacteria. Refrigerators market is one of the fastest growing segments
of consumer home appliances industry. Also positive growths in food industry
have stimulated the growth of commercial refrigerators and related equipments
market. Refrigerators have thus become a crucial item of every household. Some
of the key drivers for commercial refrigerators include changing food
consumption trends, evolving technology, growth of fast food and super market
chains, increase in the consumption of processed food, growing sea food exports
and boom in horticulture worldwide. Key factors restraining the market include
Montreal and Kyoto protocols and fewer energy proficient commercial
refrigerators equipments. The different facet of refrigerators that gave rise
to environmental concerns includes the refrigerator energy usage, likely risk
to end users from electromagnetic fields, and chlorofluorocarbons in
refrigerants of refrigerators. Also disposal of CFC-based refrigerators gave
rise to environmental risk. Likely substitute for refrigerators include number
of various food preservation techniques such as canning and drying.
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Alternative
cooling technologies are being considered by manufacturers where high energy
sound waves cause inert gases to oscillate thereby cooling the surrounding.
Also various ways being considered to improve refrigerators efficiency include
enhanced heat exchangers, variable speed fans, and competent compressors. Asia
Pacific is expected to remain the driving force for refrigerators market in
long run followed U.S. and Europe. Moreover manufacturers are more focusing
towards frost free refrigerators compared to direct cool refrigerators. Key
participants in this industry include Whirpool India Ltd., Videocon Industries
Ltd., Samsung Electronics Pvt. Ltd., LG Electronics Pvt. Ltd., and Godrej
Appliances.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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Reasons
for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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