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Cold Storage Equipment Market Trends

  • Report ID: GMI6347
  • Published Date: Apr 2024
  • Report Format: PDF

Cold Storage Equipment Market Trends

With the increasing demand for refrigerated and frozen products, the need for efficient and reliable cold storage equipment has become more crucial than ever before. As a result, manufacturers are constantly developing new and innovative technologies to meet the evolving needs of the industry.
 

One of the key trends in the cold storage equipment industry is the shift towards environmentally friendly and energy-efficient systems. With growing concerns about global warming and the depletion of natural resources, businesses are increasingly looking for sustainable solutions that can help reduce their carbon footprint and lower their operating costs. This has led to the development of green refrigerants, such as ammonia and carbon dioxide, which have significantly lower global warming potential compared to traditional refrigerants. Additionally, advancements in insulation materials and energy management systems have also contributed to making cold storage equipment more energy efficient.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of cold storage equipment was recorded USD 51 billion in 2023 and is expected to register 6.4% CAGR from 2024 to 2032, due to the surging demand for temperature-controlled storage solutions across food & beverage, pharmaceuticals, and healthcare.

The cold rooms segment in the cold storage equipment market accounted for USD 19 billion in 2023 and may witness substantial growth from 2024 to 2032, owing to their wide usage in food processing, pharmaceuticals, and agriculture to maintain a specific temperature range.

North America cold storage equipment industry was worth USD 18 billion in 2023 and is expected to expand at substantial CAGR from 2024 to 2032, led by the increasing demand for refrigerated storage and transportation, government initiatives, and technological advancements.

AB Electrolux, AmeriCold Logistics LLC, Americold Realty Trust, Carrier Corporation, Daikin Industries, Ltd., Dover Corporation, Frigidaire, Hussmann Corporation, Ingersoll Rand Inc., Johnson Controls International plc., Lennox International Inc., Mitsubishi Electric Corporation, Swire Cold Storage, Thermo King Corporation, United Technologies Corporation (UTC) are some of the major cold storage equipment companies worldwide.

Cold Storage Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 161
  • Countries covered: 22
  • Pages: 290
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