Glass Door Refrigerators Market to reach at an explosive amount of US$13.66 bn by 2023

Proliferation of supermarkets, hotels, and cafes, changing food consumption trends, and increasing food safety and quality regulations are some major factors driving the global glass door refrigerator market. A growing retail network and food industry, rise in consumer spending coupled with the development of improved and technologically advanced refrigeration systems is influencing the way glass door refrigerators are being adopted across the food and beverage and retail industries. Other sectors, such as biomedical, are also experiencing increased use of small-sized glass door refrigerators with critical-temperature-control features. This research study on the global glass door refrigerator market provides a detailed analysis of how different retail channels in different regions across the globe are using glass door refrigerators to reduce overall power consumption by using energy-efficient systems.

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This Market was worth US$6.53 bn in 2014 and is expected to reach US$13.66 bn by 2023, expanding at a CAGR of 8.6% from 2015 to 2023. Asia Pacific was the largest market for glass door refrigerators in 2014. Growth in this region is expected to be driven by urbanization, changes in food consumption habits, a developed food and beverages industry, and retail infrastructure.

Glass door refrigerators are widely deployed in retail channels that demand an energy-efficient and cost-effective refrigeration system. This is because glass door refrigerators allow for the display of products that require cold storage to drive customer engagement and enhance sales and productivity. Glass door refrigerators are specially designed to display and store. These are commonly used by supermarkets/hypermarkets; grocery stores; hotels/restaurants; catering businesses; nonconventional outlets, such as gas stations; and kiosks/local grocers. The practice of using glass door refrigerators by the biomedical sector for the purpose of storing specimens or drugs is also picking up gradually. This is largely due to the development of advanced refrigerators with critical-temperature-control features.

Glass Door Refrigerators Market Analysis, by Capacity

> 5 - 3 ft3
> 1 ? 6.0 ft3
> 1 ? 9.0 ft3
> Others

Glass Door Refrigerator with capacity 3.1 ? 6.0 ft3 were the most preferred refrigerators, and accounted for around 30% of the revenue of the overall glass door refrigerators market. Moreover, these refrigerators are expected to expand at a CAGR of 9.4% from 2015 to 2023. The most significant factor driving the market for glass door refrigerators with capacities of 3.1 ? 6.0 ft3 is their high demand in hotels, bars, and restaurants due to their high efficiency and small size.

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Glass Door Refrigerators Market Analysis, by Retail Channel

> Hypermarkets
> Supermarkets
> Convenience Stores
> Restaurants
> Others

In 2014, hypermarkets held the largest revenue share of around 33% of the overall glass door refrigerators market. Moreover, based on the volume of shipments, hypermarkets accounted for the maximum share of around 32% of the overall glass door refrigerator market in 2014. Glass door refrigerators deployed in hypermarkets are expected to grow at the fastest CAGR in terms of revenue as well as volume during the forecast period from 2015 to 2023.

Geographically, Asia Pacific is the largest market for glass door refrigerators, globally. In 2014, Asia Pacific accounted for around 41% of the overall glass door refrigerators market revenue share. Furthermore, Asia Pacific is expected to witness the fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for glass door refrigerators in this region.

The global glass door refrigerators market, in the current situation shows the presence of key players including:

> Hussmann International Inc.
> Hoshizaki International
> Carrier
> Epta Refrigeration
> Standex
> Manitowoc Company, Inc
> Dalian
> Sanyo Cold-chain Co. Ltd
> Dover Corporation
> Beverage-Air Corporation
> Lennox International

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