The freezers market has been demonstrating expansion by leaps and bounds over the past few years, owing to robust penetration of processed and convenience foods and beverage. The rise in number of supermarkets and restaurants worldwide has further been complementing adoption of freezers. These insights are extracted from the report, titled “Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, which has been incorporated in the exhaustive repository of Market Research Reports Search Engine (MRRSE).
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A steady 5.0% CAGR has been forecast for the freezers market through 2025. Revenues from global sales of freezers are envisaged to increase from over US$ 12,000 Mn in 2017 to exceed US$ 18,000 Mn by 2025-end. Apart from high demand in the food & beverage industry, growth of the freezers market is expected to be affected from increased traction of energy-efficient freezers.
Emphasis on Use of Energy-Efficient Electronic Products Prompting Vendors to Put Innovation-Driven Efforts
Governments across the globe are emphasizing on use of electronic products, which aid in curtailing energy consumption. In response to government recommendations, key vendors in the freezers market are taking innovation-driven efforts, which in turn will augment the market growth. In contrast, tremendous total cost of operation (TCO) associated with freezers has limited its range to large-scale retailers, which in turn has curbed the growth potential of the market.
Led by industrial and commercial sectors, Asia-Pacific (APAC) is expected to remain most lucrative market for freezers, with sales estimated to bring in nearly US$ 6,500 Mn revenues by 2025-end. Rise in penetration of solar-power smart commercial refrigerators in the region is paving new growth opportunities for players in freezers market.
North America continues to prevail as lucrative region for the freezers market. Revenues from freezer sales in North America are expected to reach nearly US$ 5,500 Mn by 2025-end. Growth of the freezers market in North America can be attributed to growing awareness among consumers regarding imperativeness of a healthier lifestyle, which is being underpinned by their relatively higher economic vigour.
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In-Depth Insights on Freezers Market
This report imparts quantitative & qualitative analysis on the freezers market, providing a complete view on current and future market prospects. Value forecast rendered in the report is in terms of US$ Bn. Qualitative analysis offered elucidates industry-specific, microeconomic, and macroeconomic factors affecting the market expansion. The report covers complete insights on key growth determinants, deterrents, opportunities and threats that will potentially influence the market in the forthcoming years.
Segmentation-wise analysis & insights on Freezers market has been offered that enables readers to gain accurate and transparent insights. The report has branched the freezers market in terms of product type, door type, capacity, application, and region.
Competitive Landscape Assessment on Freezers Market
This research study profiles business strategies employed by leading participants in the market, and exerts comprehensive insights that enable established and emerging players in devising effective growth strategies. The chapter on competitive landscape tracking is of paramount importance for the market participants who seek gleaning in-depth insights into current market status quo.
A scrutinized SWOT analysis has also been rendered by the report, which imparts strengths, weaknesses, opportunities, and threats to these market players. Intelligence apropos of new product developments, impact of regulatory changes, and mergers & acquisition activities of the market players has also been contained for perusal of the report readers.
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