What is Commercial Refrigeration Fans Market?
The basic unit of commercial refrigeration is the commercial refrigeration fan, which transports air from the condenser to the storage room. In supermarkets and hypermarkets, commercial refrigeration fans are used to maintain a supply of cool air to keep food and drink cool and fresh. The use of hazardous gases in commercial refrigeration fans has caused ozone depletion, which has become a major problem. Leading manufacturers in the worldwide commercial refrigeration fan market are focusing on cutting-edge designs of fans in order to maintain an effective flow of cool air. As a result of the increasing use in various end-use industries, the commercial refrigeration fans market is expected to rise at an unprecedented rate throughout the forecast period.
The market study is being classified, by Application (Cold Storage, Chiller Center, Sales Outlets, Refrigerator, Air conditioner, Heat Exchanger and Other (Refrigerated Transport, etc.)) and major geographies with country level break-up.
ebm-papst (Germany), KeepRite Refrigeration (Canada), AirMax Fans (United States), Blowtech Air Devices Pvt. Ltd. (India), ALFA (India), Trenton Refrigeration (Canada), Innovative Cooling & Equipment (United States), Axair Fans UK Limited (United Kingdom) and Andhra Refrigeration Company (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Commercial Refrigeration Fans market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Commercial Refrigeration Fans market by Type, Application and Region.
On the basis of geography, the market of Commercial Refrigeration Fans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Food & Beverage Industry
- Rising Demand for Frozen Food and Vegetables
Market Trend
- Growing Technological Advancement in the Fan Technology
- Availability for Customize Products according to Customers Demand
Restraints
- High Initial Cost of Industrial Refrigeration
Opportunities
- Increasing Number of Supermarket and Malls across the World
- Rising Demand in Various End-User Industries
Challenges
- Increase in concerns related to Maintenance
“European regulation activated the development of the latest generation of environmentally friendly refrigerants. The EU directive 2006/40/EC (“MAC Directive”) stipulates that all new vehicle types must be equipped with a refrigerant with a global warming potential (GWP) of less than 150. From 1 January 2017, all new passenger cars are required to use a low-GWP refrigerant.”
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Commercial Refrigeration Fans Manufactures, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry