Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report published by Transparency Market Research (TMR) on the global refrigerated display cases and chilled rooms market provides insights into the factors driving and restraining the market. The report is titled "Refrigerated Display Cases (RDCs) and Chilled Rooms Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" and is available on TMR's website for sale.
A new report published by Transparency Market Research (TMR) on the global refrigerated display cases and chilled rooms market provides insights into the factors driving and restraining the market. The report is titled "Refrigerated Display Cases (RDCs) and Chilled Rooms Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" and is available on TMR's website for sale.
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According to the report, the global market for refrigerated display cases (RDCs) and chilled rooms, which was valued at US$21.9 billion in 2013, will exhibit a positive CAGR of 10.5% during the period from 2014 to 2020. The aggregate volume of shipment of chilled rooms and RDCs stood at 5.7 million units in 2013 and is expected to reach 12.0 million units by 2020. Rapid proliferation of food retail chains, cold chains, stringent food safety regulations, and the rising demand for frozen food, coupled with the introduction of the latest technologies to reduce energy consumption in chilled rooms and RDCs, will significantly bolster growth of the global RDCs and chilled rooms market during the report's forecast period.
The report segments the RDCs market into remote RDCs and plug-in RDCs based on type. Of these, the segment of plug-in RDCs held the largest share of the market on the basis of product category in 2013, in terms of both volume and revenue. Plug-in RDCs offer an array of benefits such as helping reduce capital cost investment and time taken for installation, which results in its higher adoption in large stores compared to remote RDCs. Based on product design, RDCs can be categorized into horizontal, which open from the top, vertical, which open from the front, and others (including hybrid and semi-vertical). The market for vertical front-open RDCs held over 59.8% of the global RDC market in terms of revenue. The report also indicates growth at a slow pace for horizontal top open and semi-vertical RDCs over the forecast period. However, the lead, according to the market study, will remain with vertical RDC, since it offers efficient cooling and has a rather low floor space requirement.
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The global chilled rooms market can be segregated in terms of design into walk-in freezers, walk-in coolers, and walk-in hybrid rooms. Among these, the segment of walk-in coolers held the largest share and is anticipated to register the fastest growth through the forecast period. The report estimates the product segment to exhibit an incredible rise in its revenue and volume share during the forecast period. The market for walk-in coolers will benefit from the rising investment in the cold chain industry to boost agriculture, the need to reduce food wastage, and the need to ensure better efficiency in the food processing sector. Countries such as India, Russia, South Africa, China, Australia, and others are identified as the most lucrative markets for walk-in coolers. Among the key regional markets for RDCs and chilled rooms, Asia Pacific is poised to register exponential growth. The rising demand from the RDCs and chilled rooms market in the region is fuelled by the expanding retail sector in India and China. The RDCs and chilled rooms
Browse the full Refrigerated Display Cases (RDCs) and Chilled Rooms Market (Plug-in and Remote RDCs; Vertical, Horizontal, and Hybrid RDCs; Walk-in Cooler Rooms, Walk-in Freezers Rooms and Walk-in Hybrid Rooms) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/refrigerated-display-cases-chilled-rooms-market.html
Refrigerated Display Cases Market, By Product Type (refrigeration system):
Refrigerated Display Cases Market, By Product Design:
Vertical - front open
Horizontal - top open (island)
Chilled Rooms Market, By Product Type:
Chilled Walk-in Cooler Rooms
Chilled Walk-in Freezers Rooms
Hybrid Walk-in Cooler Rooms
Refrigerated Display Cases and Chilled Rooms Market, By Geography:
Rest of World (RoW)
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Source:Transparency Market Research