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To identify growth opportunities in the commercial bar refrigeration equipment market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2017-2022. The Americas will grow faster than the overall market. The growth of APAC and EMEA will be slower than the global market.
Below are some of the key findings from the commercial bar refrigeration equipment market research report
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The rising need for end-users to adopt ENERGY STAR-certified commercial bar refrigeration equipment as a key factor contributing to the growth of the global commercial bar refrigeration equipment market. Commercial bar refrigeration equipment that comes with the ENERGY STAR certification is around 40% more energy-efficient than other models. Manufacturers are using high-quality components and are employing innovative designs to achieve ENERGY STAR certification. Energy-efficient models of commercial bar refrigeration equipment reduce the maintenance and utility costs for end-users. The benefits offered by ENERGY STAR-certified models can result in an augmented demand for such equipment, which will further drive the market growth.
The adoption of LEDs in the commercial bar refrigeration equipment is increasing as it extends the lifespan by 40,000 hours in comparison to the fluorescent lights that have around 10,000 hours. The preference for LEDs in commercial bar equipment will further increase as the change in voltage does not affect the performance of LED lights, unlike fluorescent lamp that requires high voltage. The rising popularity of commercial bar fridge equipment with LED lights is identified as one of the key trends that will gain traction and eventually fuel the market to grow over 6% during the forecast period.
The commercial bar refrigeration equipment market is moderately fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this commercial bar refrigeration equipment market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several commercial bar refrigeration equipment companies, including:
With a complete study of the growth opportunities for the companies, the Americas will account for the highest growth of this market due to the expansion of end-user establishments such as hotels and bars and increasing consumption of alcoholic beverages.
The beer and cocktail dispensers segment will account for the highest growth in the market. Consumers are increasingly preferring self-service beer and cocktail dispensers as it allows them to opt for self-service dispensers and provides cost benefits to the end-users. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the commercial bar refrigeration equipment market size.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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