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Glass door refrigerators are utilized in the storage and preservation
of perishable items in a manner that makes it easy to display them to
the consumer without having to be removed from their protective
environment. Thus, glass door refrigerators are an optimal way of
displaying and storing products at the same time. The need for
energy-efficient and cost-effective refrigeration systems to optimize
workflow and to facilitate an effective and faster way to select a
product is driving the growth of the glass door refrigerator market.
Expanding Retail Industry Boosts Global Glass Door Refrigeration
Market
The key driving factor for the global glass door refrigeration market
is the rapid growth of retail stores in developing economies. In the
past, retail stores stuck to conventional refrigerators due to lack
of awareness and high costs associated with glass door refrigerators.
As technology progressed, glass door refrigerators became
increasingly affordable, efficient, and functional.
While the existing retail networks in developed nations are also
expanding, the creation of new channels in emerging economies has
caught the interest of major players in the global glass door
refrigeration market. Government regulations are steadily changing in
favor of the use of glass door facilities due to increased safety and
utility over time. Along with supermarkets and hypermarkets, even
hotels, cafes, and bakeries are beginning to make large-scale
utilization of glass door refrigeration, causing the market for the
same to grow faster over time.
Brochure:
The global glass door refrigeration market is dominated by the 3.1 to
6.0 feet segment, which generated 30% of the revenue in the global
glass door refrigeration market in 2014. It is also expected to be
the fastest growing segment, displaying a CAGR of 9.40% between 2015
and 2023. This is due to their large base of smaller clients across
the world. Smaller glass door refrigerators are being increasingly
preferred in hotels, restaurants, and bars due to their high
efficiency and small size.
Nearly 41% of the global glass door refrigeration market in 2014 was
held by Asia Pacific, owing to rapid rates of development and the
high rate of growth of the retail industry. This can be attributed
mainly to the emerging economies of China, India, Japan, South Korea,
and Australia, which are considered to be the largest national
markets in the global glass door refrigeration market today.
The key market participants profiled in this study include Hussmann
International, Inc., Hoshizaki International, Carrier, Epta
Refrigeration, Standex, Manitowoc Company, Inc., Dalian, Sanyo
Cold-chain Co., Ltd, Dover Corporation
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