Beverage Refrigeration Market will surpass 7.4 million units by 2024

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Beverage Refrigeration Market Price, Trends,
Industry Outlook Forecast 2017-2024
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Key Insights from Beverage Refrigeration Market

• Escalating demand for refrigerators to store and
  serve drinks for social gathering and private
  events, is a key factor driving beverage
  refrigeration market growth. Ongoing
  technological advances to reduce the overall
  cooling time and consumer demand for distinctive
  features such as bottom freezer drawer and
  powerful filtered water will boost beverage
  refrigeration market size.
• Increasing consumer preference for packaged
  drinks which are convenient to consume at home
  will support the product demand. According to
  recent statistics, the global consumption of
  packaged drinks was estimated more than 1.05
  trillion liters in 2016 and Chinese consumption
  amounted to about 178.6 billion liters.
• Rising demand to preserve milk in dairy shops
  will propel coolers demand over the projected
  timeframe. Diary companies are upgrading their
  existing capacities, and setting up cold storages
  along with the processing plant. This will
  generate the overall revenue over the forecast
  period.

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Continued...

• Manufacturers are anticipated to invest in new
  product development to comply with new energy
  standards implemented by the regulatory bodies.
  Further, increasing penetration of refrigerators
  that employ specific features such as modifiable
  shelves to accommodate bottles and cans will
  boost product sales.
• Under counter beverage refrigerator was valued at
  over USD 1 billion in 2016. Product offering such
  as stainless-steel body or custom panel-ready
  fronts are stimulating the demand. In addition,
  better shelving and temperature control will
  support segment penetration over the forecast
  period.
• Storage beverage refrigeration estimated to
  register over 4 CAGR in terms of volume by 2024.
  Increasing demand of premium refrigerators with
  aesthetic features in high end restaurants,
  convenience stores and professional kitchens will
  propel industry size.

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

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Major Companies in Beverage Refrigeration Market

• Electrolux
• Daikin Industries
• Avanti
• Dover Corporation
• KingsBottle
• Whirlpool Corporation
• Edgestar
• Haier

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Industry Coverage

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Regional Insights in Beverage Refrigeration
Market

• North America beverage refrigeration market size
  is anticipated to surpass USD 1 billion by 2024.
  This can be credited to escalating consumption
  of refreshment drinks and technological
  improvements in refrigeration systems. In
  addition, government encouraging utilization of
  energy-efficient and eco-friendly technologies in
  refrigerators.
• Asia Pacific market holds over 20 of overall
  industry share in 2016. According to industry
  estimates, the region is anticipated to account
  for more than two-thirds of the global beverages
  consumption by 2020. The region accounts for 60
  of the world population and increasing
  consumption will provide lucrative opportunities
  for manufacturers.

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