The global refrigerated display cases market was valued at US$ 11.54 billion in 2018 and is expected to grow at a 6.5% CAGR between 2019 and 2027.
Asia Pacific to Dominate Throughout the Forecast Period
In the base year 2018, Asia Pacific accounted for the largest value share in the global refrigerated display case market. During the forecast period of 2019 to 2027, the region is also expected to grow faster than developed economies.
The anticipated growth will be primarily driven by the growing retail and food service industries in markets like India, China, Japan, and Southeast Asian countries. On the other hand, developed markets, including North America and Europe, will register steady growth during the forecast period from 2019 to 2027. A big chunk of this growth will be driven by the replacement demand in these markets.
The need for compliance with stringent regulatory standards is also expected to stimulate demand for new energy-efficient refrigerated display cases in these regions.
Plug-in RDCs to Dominate Throughout the Forecast Period
Plug-in RDCs were the most preferred variants among food retailers and food service establishments. The value contribution of plug-in RDCs was around 60% of the global market value in 2018.
The dominance of plug-in RDCs is a result of the superior benefits offered in terms of cost, space consumption, energy efficiency, and returns on investment. As per the statistics released by the U.S.
Department of Energy, refrigerated display cases decrease heat loads on the refrigeration cabinet by around 60–80%, leading to notable electricity savings. In addition, regulated demand from small and medium-sized retail stores that have constrained investment budgets and floor space will drive demand for plug-in RDCs worldwide.
Key Players:
Some of the leading manufacturers profiled in the research study include United Technologies Corporation (Climate), Daikin Industries Ltd., Metalfrio Solutions S.A., Illinois Tool Works, Inc., Epta S.p.A., Beverage-Air Corporation, Dover Corporation, Inc., Lennox International, Inc., Hussmann International, Inc., AHT Cooling Systems GmbH, and Blue Star Ltd., among others.
Periods of History and Forecast
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Key questions are answered in this report.
In 2017 and 2018, how big was the global market for refrigerated display cases?
What are the estimated forecasts and market projections from 2018 up to 2026?
Which is the largest regional market for refrigerated display cases?
Which product variant contributes the largest revenue worldwide?
Which design variant segment has the highest adoption of refrigerated display cases worldwide?
Predominant trends shaping the global refrigerated display case market worldwide
Who are the leading manufacturers in the global market for refrigerated display cases worldwide?
What are the key strategies adopted by the leading manufacturers in the global refrigerated display case market?
Frequently Asked Question:
The market for Refrigerated Display Cases Market is expected to reach USD$ 11.54 Bn in 2027.
The Refrigerated Display Cases Market is expected to see significant CAGR growth over the coming years, at 6.5%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Daikin Industries Ltd., Metalfrio Solutions S.A., Illinois Tool Works, Inc., Epta S.p.A., Beverage-Air Corporation. are some of the major players in the global market.
