DUBLIN, Jan. 21, 2021 /PRNewswire/ -- The "Beverage Refrigeration Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Beverage Refrigeration Equipment estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2027, growing at a CAGR of 2.5% over the analysis period 2020-2027. Drinking Fountain, one of the segments analyzed in the report, is projected to record a 1.8% CAGR and reach US$425.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Soda Fountain segment is readjusted to a revised 2.3% CAGR for the next 7-year period.
The Beverage Refrigeration Equipment market in the U. S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$994.3 Million by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.
In the global Beverage Dispensing segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$478.2 Million in the year 2020 will reach a projected size of US$567.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$685.3 Million by the year 2027, while Latin America will expand at a 3.7% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- AHT Cooling Systems GmbH
- Beverage-Air Corporation
- Cornelius Beverage Technologies Limited
- Dover Corporation
- Frigoglass S. A. I. C.
- Hoshizaki Lancer Pty Ltd.
- LINDR. CZ. s. r. o.
- Metalfrio Solutions SA
- MF Refrigeration Limited
- Panasonic Corporation
- Perlick Corporation
- Powers Equipment Company, Inc.
- QBD Modular Systems Inc.
- Skope Industries Ltd.
- True Manufacturing Company
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Beverage Refrigeration Equipment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
- Total Companies Profiled: 43
For more information about this report visit https://www.researchandmarkets.com/r/spxl05
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets