Global Commercial Bar Refrigeration Equipment Market 2018-2022

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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Global commercial bar refrigeration equipment industry overview

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.

Top commercial bar refrigeration equipment companies covered in this market research report

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:

• Ali
• Continental Refrigerator
• ONNERA GROUP
• True Manufacturing
• TURBO AIR
• Valpro Refrigeration

Commercial bar refrigeration equipment market segmentation based on geographic regions

• Americas
• APAC
• EMEA

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.

Commercial bar refrigeration equipment market segmentation based on products

• Beer and cocktail dispensers
• Bottle and wine coolers
• Glass chillers and frosters

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.

Key highlights of the global commercial bar refrigeration equipment market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the commercial bar refrigeration equipment market during the next five years
• Precise estimation of the global commercial bar refrigeration equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial bar refrigeration equipment industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of commercial bar refrigeration equipment companies

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