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Walk-In Coolers Market Size

Report ID: GMI8012
Published Date: Feb 2024
Report Format: PDF

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Walk-in Coolers Market Size

Walk-In Coolers Market was valued at USD 10 billion in 2023 and is anticipated to register a CAGR of over 5.7% during 2024 to 2032, due to the increasing demand for efficient and reliable cold storage solutions across various industries. These refrigerated storage units are crucial for preserving perishable goods, such as food and pharmaceuticals, as they maintain optimal temperature and humidity levels. In addition, stringent regulations regarding food safety and storage standards have propelled the adoption of walk-in coolers.

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The increasing demand for temperature-controlled storage solutions is primarily attributed to the expanding food & beverage industry. According to the 2023 Food & Beverages Global Market Report, the global food & beverage market accounted for a CAGR of 7.3%. In 2023, food & beverage sales surpassed USD 7.2 billion worldwide, boosting the demand for storage tanks. Restaurants, supermarkets, and food distribution companies rely on walk-in coolers to preserve perishable goods, ensuring freshness and compliance with food safety regulations.

Walk-In Coolers Market Report Attributes
Report Attribute	Details
Base Year:	2023
Walk-In Coolers Market Size in 2023:	USD 10 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.7%
2024 – 2032 Value Projection:	USD 17 Billion
Historical Data for:	2018 – 2022
No. of Pages:	370
Tables, Charts & Figures:	342
Segments covered:	Product type, temperature range, power consumption, storage capacity, curtain type, application, distribution channel, and region
Growth Drivers:	Growing food & beverage industry Expanding pharmaceutical and healthcare sectors Urbanization and retail expansion
Pitfalls & Challenges:	High initial costs Energy consumption concerns

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The upfront costs associated with the installation of walk-in coolers can be substantial, especially for larger and more sophisticated systems. This initial investment can act as a barrier for smaller businesses or those with budget constraints, limiting market penetration. Furthermore, advancements in energy-efficient technologies, walk-in coolers can be energy-intensive. The rising energy costs and concerns about environmental sustainability may lead to hesitancy among businesses to adopt or expand their use of walk-in coolers.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of walk-in coolers was reached USD 10 billion in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032, driven by the increasing demand for efficient and reliable cold storage solutions across various industries.

The food & beverage sector held the largest market share of 40% in 2023, attributed to the role walk-in coolers play in preserving perishable goods.

North America held approximately 35% share the global walk-in coolers market in 2023, favored by the thriving F&B sector, along with stringent regulations governing food safety.

ABN Refrigeration Manufacturing, Viessmann Group, American Panel Corporation, Standex International Corporation, Arctic Walk-in Coolers & Walk-in Freezers, Kolpak, Beverage Air, Imperial Brown Inc., Canadian Curtis Refrigeration Inc., Hussmann Corporation, Carrier Corporation, Everidge Inc., Danfoss A/S, and Emerson Electric Co.