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Beverage Refrigeration Equipment-Global Market Insights and Sales Trends 2024
Synopsis
Beverage refrigeration equipment are commercial refrigeration equipment used at food & beverage retail outlets, such as dairy stores, wine shops, convenience stores, supermarkets and food service providers, such as hotels, restaurants and cafes.
The global Beverage Refrigeration Equipment market size is expected to reach US$ 9150.2 million by 2029, growing at a CAGR of 5.8% from 2023 to 2029. The market is mainly driven by the significant applications of Beverage Refrigeration Equipment in various end use industries. The expanding demands from the Food Service and Retail Food & Beverage, are propelling Beverage Refrigeration Equipment market. Drinking Fountain, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Soda Fountain segment is estimated at % CAGR for the next seven-year period.
With growing advancements in beverage refrigeration equipment, the preferences of consumers are changing. Moreover, along with rising environmental awareness across the globe, people are also looking for eco-friendly refrigerants. In addition, targeting developing countries with high per-capita consumption of pre packed beverages will continue to be the core focus for providers. Other than that, the companies are also going to focus on product innovations to compete with other players in the market efficiently and increase their market reach and strengthen their hold.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Beverage Refrigeration Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Beverage Refrigeration Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Beverage Refrigeration Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Beverage Refrigeration Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Beverage Refrigeration Equipment covered in this report include Qingdao Haier, Gree Electric Appliances, Daikin Industries, Watsco, Hisense Kelon Electrical Holdings, Lennox International, Takasago Thermal Engineering and NIBE Industrier, etc.
The global Beverage Refrigeration Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Qingdao Haier
Gree Electric Appliances
Daikin Industries
Watsco
Hisense Kelon Electrical Holdings
Lennox International
Takasago Thermal Engineering
NIBE Industrier
Global Beverage Refrigeration Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Beverage Refrigeration Equipment market, Segment by Type:
Drinking Fountain
Soda Fountain
Beer Dispensing
Global Beverage Refrigeration Equipment market, by Application
Food Service
Retail Food & Beverage
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Beverage Refrigeration Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Beverage Refrigeration Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Beverage refrigeration equipment are commercial refrigeration equipment used at food & beverage retail outlets, such as dairy stores, wine shops, convenience stores, supermarkets and food service providers, such as hotels, restaurants and cafes.
The global Beverage Refrigeration Equipment market size is expected to reach US$ 9150.2 million by 2029, growing at a CAGR of 5.8% from 2023 to 2029. The market is mainly driven by the significant applications of Beverage Refrigeration Equipment in various end use industries. The expanding demands from the Food Service and Retail Food & Beverage, are propelling Beverage Refrigeration Equipment market. Drinking Fountain, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Soda Fountain segment is estimated at % CAGR for the next seven-year period.
With growing advancements in beverage refrigeration equipment, the preferences of consumers are changing. Moreover, along with rising environmental awareness across the globe, people are also looking for eco-friendly refrigerants. In addition, targeting developing countries with high per-capita consumption of pre packed beverages will continue to be the core focus for providers. Other than that, the companies are also going to focus on product innovations to compete with other players in the market efficiently and increase their market reach and strengthen their hold.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Beverage Refrigeration Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Beverage Refrigeration Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Beverage Refrigeration Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Beverage Refrigeration Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Beverage Refrigeration Equipment covered in this report include Qingdao Haier, Gree Electric Appliances, Daikin Industries, Watsco, Hisense Kelon Electrical Holdings, Lennox International, Takasago Thermal Engineering and NIBE Industrier, etc.
The global Beverage Refrigeration Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Qingdao Haier
Gree Electric Appliances
Daikin Industries
Watsco
Hisense Kelon Electrical Holdings
Lennox International
Takasago Thermal Engineering
NIBE Industrier
Global Beverage Refrigeration Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Beverage Refrigeration Equipment market, Segment by Type:
Drinking Fountain
Soda Fountain
Beer Dispensing
Global Beverage Refrigeration Equipment market, by Application
Food Service
Retail Food & Beverage
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Beverage Refrigeration Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Beverage Refrigeration Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Beverage Refrigeration Equipment Market Overview
1.1 Beverage Refrigeration Equipment Product Overview
1.2 Beverage Refrigeration Equipment Market Segment by Type
1.2.1 Drinking Fountain
1.2.2 Soda Fountain
1.2.3 Beer Dispensing
1.3 Global Beverage Refrigeration Equipment Market Size by Type
1.3.1 Global Beverage Refrigeration Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Beverage Refrigeration Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Beverage Refrigeration Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Beverage Refrigeration Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Beverage Refrigeration Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Beverage Refrigeration Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Beverage Refrigeration Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Beverage Refrigeration Equipment Sales Breakdown by Type (2018-2023)
2 Global Beverage Refrigeration Equipment Market Competition by Company
2.1 Global Top Players by Beverage Refrigeration Equipment Sales (2018-2023)
2.2 Global Top Players by Beverage Refrigeration Equipment Revenue (2018-2023)
2.3 Global Top Players by Beverage Refrigeration Equipment Price (2018-2023)
2.4 Global Top Manufacturers Beverage Refrigeration Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Beverage Refrigeration Equipment Market Competitive Situation and Trends
2.5.1 Beverage Refrigeration Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Beverage Refrigeration Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Beverage Refrigeration Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Beverage Refrigeration Equipment Market
2.8 Key Manufacturers Beverage Refrigeration Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Beverage Refrigeration Equipment Status and Outlook by Region
3.1 Global Beverage Refrigeration Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Beverage Refrigeration Equipment Historic Market Size by Region
3.2.1 Global Beverage Refrigeration Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Beverage Refrigeration Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Beverage Refrigeration Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Beverage Refrigeration Equipment Forecasted Market Size by Region
3.3.1 Global Beverage Refrigeration Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Beverage Refrigeration Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Beverage Refrigeration Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Beverage Refrigeration Equipment by Application
4.1 Beverage Refrigeration Equipment Market Segment by Application
4.1.1 Food Service
4.1.2 Retail Food & Beverage
4.2 Global Beverage Refrigeration Equipment Market Size by Application
4.2.1 Global Beverage Refrigeration Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Beverage Refrigeration Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Beverage Refrigeration Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Beverage Refrigeration Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Beverage Refrigeration Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Beverage Refrigeration Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Beverage Refrigeration Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Beverage Refrigeration Equipment Sales Breakdown by Application (2018-2023)
5 North America Beverage Refrigeration Equipment by Country
5.1 North America Beverage Refrigeration Equipment Historic Market Size by Country
5.1.1 North America Beverage Refrigeration Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Beverage Refrigeration Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Beverage Refrigeration Equipment Sales in Value by Country (2018-2023)
5.2 North America Beverage Refrigeration Equipment Forecasted Market Size by Country
5.2.1 North America Beverage Refrigeration Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Beverage Refrigeration Equipment Sales in Value by Country (2024-2029)
6 Europe Beverage Refrigeration Equipment by Country
6.1 Europe Beverage Refrigeration Equipment Historic Market Size by Country
6.1.1 Europe Beverage Refrigeration Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Beverage Refrigeration Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Beverage Refrigeration Equipment Sales in Value by Country (2018-2023)
6.2 Europe Beverage Refrigeration Equipment Forecasted Market Size by Country
6.2.1 Europe Beverage Refrigeration Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Beverage Refrigeration Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Beverage Refrigeration Equipment by Region
7.1 Asia-Pacific Beverage Refrigeration Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Beverage Refrigeration Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Beverage Refrigeration Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Beverage Refrigeration Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Beverage Refrigeration Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Beverage Refrigeration Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Beverage Refrigeration Equipment Sales in Value by Region (2024-2029)
8 Latin America Beverage Refrigeration Equipment by Country
8.1 Latin America Beverage Refrigeration Equipment Historic Market Size by Country
8.1.1 Latin America Beverage Refrigeration Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Beverage Refrigeration Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Beverage Refrigeration Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Beverage Refrigeration Equipment Forecasted Market Size by Country
8.2.1 Latin America Beverage Refrigeration Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Beverage Refrigeration Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Beverage Refrigeration Equipment by Country
9.1 Middle East and Africa Beverage Refrigeration Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Beverage Refrigeration Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Beverage Refrigeration Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Beverage Refrigeration Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Beverage Refrigeration Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Beverage Refrigeration Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Beverage Refrigeration Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Qingdao Haier
10.1.1 Qingdao Haier Company Information
10.1.2 Qingdao Haier Introduction and Business Overview
10.1.3 Qingdao Haier Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Qingdao Haier Beverage Refrigeration Equipment Products Offered
10.1.5 Qingdao Haier Recent Development
10.2 Gree Electric Appliances
10.2.1 Gree Electric Appliances Company Information
10.2.2 Gree Electric Appliances Introduction and Business Overview
10.2.3 Gree Electric Appliances Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Gree Electric Appliances Beverage Refrigeration Equipment Products Offered
10.2.5 Gree Electric Appliances Recent Development
10.3 Daikin Industries
10.3.1 Daikin Industries Company Information
10.3.2 Daikin Industries Introduction and Business Overview
10.3.3 Daikin Industries Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Daikin Industries Beverage Refrigeration Equipment Products Offered
10.3.5 Daikin Industries Recent Development
10.4 Watsco
10.4.1 Watsco Company Information
10.4.2 Watsco Introduction and Business Overview
10.4.3 Watsco Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Watsco Beverage Refrigeration Equipment Products Offered
10.4.5 Watsco Recent Development
10.5 Hisense Kelon Electrical Holdings
10.5.1 Hisense Kelon Electrical Holdings Company Information
10.5.2 Hisense Kelon Electrical Holdings Introduction and Business Overview
10.5.3 Hisense Kelon Electrical Holdings Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hisense Kelon Electrical Holdings Beverage Refrigeration Equipment Products Offered
10.5.5 Hisense Kelon Electrical Holdings Recent Development
10.6 Lennox International
10.6.1 Lennox International Company Information
10.6.2 Lennox International Introduction and Business Overview
10.6.3 Lennox International Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Lennox International Beverage Refrigeration Equipment Products Offered
10.6.5 Lennox International Recent Development
10.7 Takasago Thermal Engineering
10.7.1 Takasago Thermal Engineering Company Information
10.7.2 Takasago Thermal Engineering Introduction and Business Overview
10.7.3 Takasago Thermal Engineering Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Takasago Thermal Engineering Beverage Refrigeration Equipment Products Offered
10.7.5 Takasago Thermal Engineering Recent Development
10.8 NIBE Industrier
10.8.1 NIBE Industrier Company Information
10.8.2 NIBE Industrier Introduction and Business Overview
10.8.3 NIBE Industrier Beverage Refrigeration Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 NIBE Industrier Beverage Refrigeration Equipment Products Offered
10.8.5 NIBE Industrier Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Beverage Refrigeration Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Beverage Refrigeration Equipment Industrial Chain Analysis
11.4 Beverage Refrigeration Equipment Market Dynamics
11.4.1 Beverage Refrigeration Equipment Industry Trends
11.4.2 Beverage Refrigeration Equipment Market Drivers
11.4.3 Beverage Refrigeration Equipment Market Challenges
11.4.4 Beverage Refrigeration Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Beverage Refrigeration Equipment Distributors
12.3 Beverage Refrigeration Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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