Beverage Refrigeration Market Regional Analysis and Forecast during 2019 – 2024

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Beverage Refrigeration Market Analysis by Growth
Drivers and Current Trends till 2024

• In this fast-paced era, consumers are being more
  inclined toward packaged drinks, owing to its
  convenience and easy storage, which in turn has
  inflated the demand for beverage refrigeration
  market, at a global scale. In fact, statistics
  claim that the global consumption of packaged
  drinks was around 1.05 trillion liters in 2016 of
  which China consumed a major portion accounting
  for 178.6 billion liters. These figures bear a
  rather vivid testimony to the fact that the
  beverage refrigeration industry is overt to
  witness massive proceeds with the increasing
  consumption of packaged drinks.
• Global Market Insights, Inc. claims the overall
  beverage refrigeration market share to surpass
  USD 4.5 billion by 2024. Considering the rising
  demand for beverages, many manufacturing
  companies are offering a variety of products
  ranging from countertop beverage refrigerator,
  under counter beverage refrigerator, storage
  beverage refrigerator and milk coolers.

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• Compressed Air Treatment Equipment Market
  Scenario

• As per the estimates, countertop beverage
  refrigeration market is estimated to witness a
  CAGR of 5.1 over 2017-2024, having generated
  revenue over USD 1.39 billion in 2016. The under
  counter beverage refrigerators on the other hand
  have also witnessed huge popularity, owing to
  their UV protected glass doors. This feature of
  under counter beverage refrigerator helps in
  extending products shelf life with minimum
  contamination and is thus widely used in storing
  beer, wine, water, juices, soda, and other
  drinks.
• The intelligent process cooling technique has led
  to a paradigm shift in beverage refrigeration
  market by bringing in significant operational
  efficacies. Realizing the substantial role
  cooling place in the overall beverage sector,
  manufacturing companies have brought forth a slew
  of innovative engineering concepts, generating a
  substantial momentum in the product spectrum of
  beverage refrigeration industry.
• One such example is of Frigels foray into the
  beverage refrigeration market with its
  highly-engineered refrigeration systems.
  Elaborating further, the company has engineered
  cooling system that performs precise beverage
  cooling with zero contaminants. This modular
  approach toward refrigeration includes
  application in maturation, syrup cooling, yeast
  cooling, fermentation, carbonation, cooling
  tunnels, and pasteurization.

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• Regional Analysis

• Asia Pacific is yet another major growth avenue,
  driven by the growing retail food business in
  the region. Accounting for more than 60 of the
  world population, APAC is estimated to procure
  more than two-third of the global beverages
  consumption by 2020 a factor profoundly driving
  the regional industry expansion. Statistics claim
  APAC beverage refrigeration market to register a
  CAGR of 6.1 over 2017-2024.

• Competitive Analysis

• Speaking of the competitive hierarchy, some of
  the renowned names in this industry include
  Whirlpool Corporation, Coca-Cola, General
  Electrics, KingsBottle, Kenmore, Daikin
  Industries, and Electrolux.

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