Chilled Rooms Market Scope
Chilled rooms are refrigerated enclosures accessible via at least one door and large enough for a person to walk into. They are an important storage point in the temperature-controlled supply chain and usually used at the national or central level. In various countries chilled rooms are also used at the regional or district level to offers the cold storage to the various application. Rise in the preservation of convenience food products due to modernization is propelling the growth of the global chilled rooms market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Lennox International (United States), Dover Corporation (United States), Standex International (United States), Frigo Glass (Greece), Illinois Tool Works Inc. (United States), Hoshizaki America, Inc. (United States), Hussmann Corporation (United States), Epta Group (Italy), Daikin Industries, Ltd. (Japan) and Beverage-Air (United States) |
CAGR | 17.3% |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the marketThe Players having a strong hold in the market are Lennox International, Dover Corporation, Standex International, and Frigo Glass. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Chilled Rooms market throughout the predicted period.
Lennox International (United States), Dover Corporation (United States), Standex International (United States), Frigo Glass (Greece), Illinois Tool Works Inc. (United States), Hoshizaki America, Inc. (United States), Hussmann Corporation (United States), Epta Group (Italy), Daikin Industries, Ltd. (Japan) and Beverage-Air (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Blue Star Limited (India), Metalfrio Solutions S.A. (Brazil), Daikin Industries, Ltd. (Japan), Emerson Electric Co. (United States), Johnson Controls International plc (Ireland) and Trane Technologies plc (Ireland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Chilled Rooms market by Type , by Application (Processed Food, Dairy, Fruits and Vegetables, Meat and Seafood and Pharmaceuticals) and Region with country level break-up.
On the basis of geography, the market of Chilled Rooms 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2023, Viessmann Refrigeration Solutions has announced its acquisition of a majority stake in BMIL Technologies, a North-Carolina-based refrigerated warehouses and cold storage company. The acquisition of BMIL is also said to strengthen the global ecosystem of the Viessmann Group and fits into its international partnerships with Priva, a Dutch building automation and vertical farming specialist, and Spanish refrigeration equipment manufacturer Intarcon.
In November 2023, Vertiv introduced Vertiv SmartMod Max CW, a prefabricated modular data center designed to address the growing demand for rapid deployment of compute. This configurable and scalable solution supports up to 200kW of total IT load in a single system and utilizes chilled water cooling for reduced environmental impact and energy efficiency.
Influencing Trend:
Rising Consumer Demand for Perishable Foods
Market Growth Drivers:
Increasing demand for frozen foods and packed food in the emerging economies is driving the global chilled room market. Consumers are demand the ready to eat food due to rising disposable income and changing lifestyles. Moreover, more the frozen foods are sold each year and new products are introduced to swell the total sales.
Restraints:
Environmental Concerns Regarding Greenhouse Gas Emissions and High Energy & Infrastructure Costs Associated with Chilled Rooms
Opportunities:
Increasing Demand for Organized Retail, Government Support for Infrastructure Development to Reduce Post-Harvest and Processed Food Wastage and Growing Foreign Direct Investments in Emerging Countries
Key Target Audience
Chilled Rooms Manufacturers, Industrial Refrigerators Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other