World Commercial Ice Maker Machine Market is Growing at CAGR of 8.12% During 2016 to 2020
PUNE, India, December 12, 2016 /PRNewswire/ --
The global commercial ice maker machine market analyst says one of latest trends in the market is technological advances. The global ice maker machine market is witnessing the introduction of various technologies that have improved the reliability, durability, cost savings, convenience, and sanitation of these machines. The improvement and integration of controls are gaining attention among vendors. The latest equipment models can detect failures and simplify troubleshooting, eliminating the need for manual inspection.
Complete report on commercial ice maker machine market spread across 61 pages, analysing 4 major companies and providing 39 data exhibits now available at http://www.reportsnreports.com/reports/779251-global-commercial-ice-maker-machine-market-2016-2020.html.
The analysts forecast global commercial ice maker machine market to grow at a CAGR of 8.12% during the period 2016-2020. According to the global commercial ice maker machine market report, one of the primary drivers in the market is increased penetration of fast food chains. The rapid expansion of fast food chains in developing countries has significantly boosted the demand for ice makers. The global fast-food industry generates annual revenue of over $570 billion. These fast food chains required ice for the storage of food items as well for serving ice with the drinks. The advances in technology and the availability of ice makers in several size and capacity have gained their attention as the production of in-house ice is more economical than procuring ice from outside.
For instance, Scotsman has launched a sensing probe which can monitor the quality of water and raise an alert if necessary. Growth inhibitors such as LuminIce by Manitowoc is another innovation in the global commercial ice maker machine market, which works on reducing bacteria, slime, and mold in the food zone, improving the safety of food products. Vendors are also integrating communication technologies that enable the remote diagnosis of technical and operational issues through the connection and exchange of information over the Internet. All these technologies are expected to drive demand in global commercial ice maker machine market, especially in developed economies.
The cube ice maker segment accounted for the major revenue shares and dominated the global commercial ice maker machine market. The increasing usage of cube ice maker machines in the food services industry and supermarkets will play a significant role in driving the growth of the commercial ice maker machine market segment. Moreover, the expansion of retail stores in the developing countries will also fuel the growth of the market since cube ice makers are largely used by grocery stores for storing perishable food products such as meat, fish, and poultry.
The following companies are the key players in the global commercial ice maker machine market: Ali Group, Follett, Hoshizaki, and The Manitowoc Company. Other prominent vendors in the market are: Bionics Scientific Technologies, Brema Ice Makers, BUUS Refrigeration, Electrolux, Focusun Refrigeration, GEA, Howe Corporation, MAJA, and Telstar. Order a copy of Global Commercial ice Maker Machine Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=779251.
Another related report is Global Commercial Refrigeration Market 2016-2020, one-third of the total food production in the world is perishable, which decays over time in the absence of proper refrigeration. Every year, about 30% of the overall food production gets wasted in developing regions such as APAC and Africa. Africa has the highest rate of the food wastage with 45%-48% of the food wasted due to the absence of refrigerators every year. Increasing the penetration of refrigeration equipment in the region can help preserve perishable food items and reduce food wastage. Browse complete report @ http://www.reportsnreports.com/reports/759417-global-commercial-refrigeration-market-2016-2020.html.
Explore other new reports on Consumer Goods Market @ http://www.reportsnreports.com/market-research/consumer-goods/.
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