U.S. Markets closed
  • S&P 500

    -31.16 (-0.72%)
  • Dow 30

    -171.69 (-0.50%)
  • Nasdaq

    -164.43 (-1.25%)
  • Russell 2000

    -33.22 (-1.64%)
  • Crude Oil

    -0.51 (-0.58%)
  • Gold

    +1.00 (+0.06%)
  • Silver

    -0.00 (-0.01%)

    -0.0001 (-0.0102%)
  • 10-Yr Bond

    +0.0690 (+2.44%)
  • Vix

    +0.21 (+1.07%)

    -0.0003 (-0.0277%)

    +0.0440 (+0.0326%)

    -550.26 (-2.30%)
  • CMC Crypto 200

    -15.58 (-2.72%)
  • FTSE 100

    -20.31 (-0.27%)
  • Nikkei 225

    +353.86 (+1.23%)

Refrigeration Coolers Market to Reach a Valuation of US$ 6.45 Bn by 2032, Up from US$ 3.6 Bn in 2022: FMI

·6 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

Refrigeration Coolers Market to Reach US$ 6.45 Bn by 2032; Commercial Segment to Witness Highest Sales

DUBAI, United Arab Emirates, March 30, 2022 (GLOBE NEWSWIRE) -- The refrigeration coolers market is predicted to move forward at a moderate pace with a CAGR of 6% from 2022 to 2032, following the refrigeration coolers market analysis by Future Market Insights (FMI).



Refrigeration Coolers Market CAGR (2022 – 2032)


Refrigeration Coolers Market (2032)

US$ 6.45 Bn

Refrigeration Coolers Market Attraction

Shifting food trends to remain a key driver.

According to the study, the rapid expansion of the organized retail sector, such as the number of hypermarkets and supermarkets, boosts overall sales of refrigeration coolers and commercial coolers, and in turn, contributes to the overall refrigeration coolers market size.

To Remain ‘Ahead’ of Your Competitors, Request for A Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14275

In the wake of the COVID-19 pandemic, increased demand for online grocery shopping and frozen food has prompted e-commerce companies to invest in refrigerated warehouses and cold storage, thereby facilitating the adoption of refrigeration coolers.

The installation of customized walk-in refrigerators is becoming more popular in recent years, and it emphasizes the importance of efficient refrigeration in commercial applications.

Though the refrigeration coolers market growth was disrupted to a certain extent by COVID-19 in the last couple of years, the manufacturing sector is expected to pick up the pace gradually in the coming months.

As a result, the refrigeration coolers market is expected to recover by mid-2022, with ease in lockdown in China, India, the United States, and Germany. In addition, vaccines have been available in several countries since December 2020.

For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-14275

Due to the high cost of condensers, evaporators, and compressors, industrial freezers have a high installation cost. As a result, the total cost of installation rises, which is a significant impediment in the companies trying to augment their refrigeration coolers market share.

Working with ammonia-based refrigeration systems necessitates the use of safety equipment.

Ammonia, coupled with certain hydrocarbons, is a flammable and corrosive refrigerant that has proved to be life-threatening when inhaled. Thus, it mitigates the demand for refrigeration coolers.

The refrigeration coolers market is anticipated to garner a revenue of about US$ 5 Bn by 2027, with the factors mentioned above holding sway over the market.

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-14275

Key Takeaways:

  • Based on product type, medical refrigeration is likely to gain traction, thereby influencing the emerging trends in the refrigeration coolers market trends, given the rising graph of commercial refrigerators for sale in hospitals and other medical facilities, particularly in emerging economies.

  • By application, the refrigeration coolers market is projected to be dominated by commercial applications owing to its wide array of applications. These coolers are helpful concerning commercial fridges, such as beverage fridges etc.

  • By refrigerant type, ammonia is expected to lead the industrial refrigeration market as it is a common refrigerant in industrial refrigeration systems around the world and meets the low-GWP standard.

  • As per the refrigeration coolers market outlook, the supermarket segment is estimated to account for the largest share of the global refrigeration market by end-use.

  • The refrigerator coolers market is forecasted to reach US$ 3.6 Bn by mid-2022.

"The refrigerated cooler market in Asia-Pacific is expected to grow at the fastest rate where A.P.A.C. includes countries like China, India, and Japan, which are global leaders in terms of refrigerated warehouse capacity, and global market players are seeing strong demand from countries like China, India, Japan, and South Korea, where a high demand for food primarily drives population growth, and in turn broadening the refrigeration coolers market opportunities." says an F.M.I. researcher.

Competitive Landscape:

A few notable commercial refrigeration companies are Daikin Industries Ltd., Haier Electronics Group Co., Ltd., Illinois Tool Works Inc. (I.T.W.), A.B. Electrolux, Panasonic Corporation, Ali Group Srl, Frigoglass S.A.I.C., Dover Corporation and United Technologies Corporation.

To Buy this Report Visit @ https://www.futuremarketinsights.com/checkout/14275

The major refrigeration coolers suppliers are acquiring and partnering with third-party distributors in other regions to expand their geographical footprint globally. Some of the recent developments in the refrigeration coolers market are as follows:

  • A.B.C.O., a leading distributor of refrigeration and HVAC systems in the United States, was acquired by Daikin North America L.L.C., a subsidiary of DAIKIN INDUSTRIES, Ltd. By acquiring A.B.C.O. branches, the company hoped to expand its reach in New Jersey, New York, and other nearby states in the United States.

  • The ‘quick-ship COVID-19 vaccine cold storage solution' is provided by Arctic walk-in coolers and walk-in freezers. The company's walk-in freezers and coolers are designed to be -40° C for vaccines that require freezing.

Explore wide-ranging Coverage of FMI's Industrial Automation Market Insights Landscape

Bottle Jack Market – The bottle jack market is anticipated to show promising growth prospects during the forecast period (2022-2032).

ESD Workstations Market – The ESD workstations market is anticipated to register a promising CAGR during the forecast period 2022-2032.

Industrial Fryers Market – The global industrial fryers market is estimated to expand at a healthy CAGR over the forecast period 2022-2032.

Edge Banders Market – The global edge banders market is estimated to exhibit growth at a robust CAGR over the forecast period 2022-2032.

End-of-Pipe Air Pollution Control Equipment Market – Global end-of-pipe air pollution control equipment demand is anticipated to grow at a CAGR of 5% from 2022 to 2032.

Low-Voltage Motor Market – Global Low-voltage Motor demand is anticipated to be valued at US$ 39.1 Billion in 2022, forecast to grow at a CAGR of 6.7% to be valued at US$ 75 Billion from 2022 to 2032.

Personal Protective Equipment Market – The overall sales of personal protective equipment are projected to rise at a healthy CAGR of around 6.3% between 2022 and 2032, totaling over US$ 96.4 Billion by 2032.

Smart Meter Market – Owing to the rising adoption of smart meters in residential and commercial applications, the overall sales are projected to grow at a robust CAGR of 9.4% between 2022 and 2032, surpassing a valuation of over US$ 42.6 Billion by 2032.

Stone Crushing Equipment Market – The global stone crushing equipment market is estimated to create an absolute dollar opportunity of US$ 5.5 Bn by the end of 2022. The sales of stone crushing equipment are expected to exceed US$ 11 Bn by 2032,

Signaling Device Market – The global signaling device market size is expected to be valued at US$ 5.3 Billion in 2022 and US$ 8.2 Billion in 2032. It is set to exhibit growth at a CAGR of 4% in the forecast period from 2022 to 2032.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centres in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.


Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/

Report: https://www.futuremarketinsights.com/reports/refrigeration-coolers-market