The market for refrigerated display cases (RDC) has been expanding rapidly in recent years. This expansion is expected to continue in the coming years due to rising food retail demand. The rising population and rapid urbanization in emerging economies will create significant growth opportunities in the coming years.
Future Market Insights (FMI), ESOMAR-certified market research and consulting firm, offers insights into key factors driving demand for Refrigerated Display Cases in its new study. The report examines the impact of COVID-19 on the manufacturing and retail industries in general, as well as the global sales of Refrigerated Display Cases in 20+ high-growth markets.
According to the report, the global refrigerated display market is experiencing a steady and steady increase in demand in the food and beverage retail sector. This is the most common trend observed in developed and developing countries due to high store growth. In addition, according to the scheme, the vertical/multi-story part of the RDC is likely to grow rapidly, especially in the food and beverage sector.
Some equipment manufacturers or OEMs face problems in complying with refrigerant regulations maintained by various government organizations. Coolant production for short-term global warming potential (GWP) has always been a major concern for researchers, which in turn poses difficulties for the industry that is ultimately in use. That’s why manufacturers are focusing on more sustainable delivery options for specific industrial applications to meet consumer demands. According to the IMF analysis, sales of refrigerated display cases increased by a CAGR of 1.5% between 2016 and 2020.
Urbanization has further increased dependence on food and beverage storage and transportation. Customers are looking for food services that can add to their fast-paced lifestyle, which has led to an increase in the number of fast-food restaurants. This is an important factor that creates growth opportunities for the sale of refrigerated display cases.
Retail expansion, including supermarkets, hypermarkets, and general stores, also provides growth opportunities. These marketing channels require good use of space and the same maintenance of the indoor environment. This has reduced the demand for cold showers with condensers from the site, so there is no heat supply inside the store and at the same time there is enough storage space.
Some of the leading companies operating in the market are:
- Carrier Corporation
- Danfoss A/S
- Frigoglass SAIC
- Epta S.p.a. Refrigeration
- Dover Corporation
- Haier Group
- Arneg S.p.A
- Illinois Tool Works
- Daikin Industries, Ltd.
- Fagor Industrial
- CAREL INDUSTRIES S.p.A.