+1-888-308-5802     
News Contact Us

Ice Maker Market 2020| Industry Growth by Forecast to 2026

Author : Rahul Varpe | Published Date : 2020-09-08 

The ice maker market is projected to gain considerable growth on account of increasing demand for ice-making devices in restaurants and household settings. These devices are experiencing heavy demand from regions like the Asia Pacific and North America owing to increase in household disposable income.

Growing prevalence of high-end boutique bars that emphasize on overall experience, quality, and presentation could boost the demand for unique ice-making devices that make gourmet, large and square ice cubes. Shifting consumer outlook towards the use of ice is influencing several ice machine manufacturers to develop new models and series of machines that deliver ice in multiple sizes and shapes.

Request a sample copy of this research report: https://www.gminsights.com/request-sample/detail/4419

Additionally, the product development trend has augmented the industry scenario, giving rise to heavy industry competition in turn encouraging the development of new, technically advanced ice machines. Emergence of modern kitchens and homes that have built-in bars have propelled the demand for ice maker machines across the residential sector.

Industry players are focusing on using more natural refrigerants like carbon and propane to meet all the residential as well as environmental norms. Adoption of eco-friendly hydrocarbon refrigerant allows firms to provide customers a machine that has low global warming potential (GWP) and zero ozone depletion potential (ODP). This could reduce operating costs and improve energy efficiency in the long run.

As of now, ice maker companies like Cornelius Inc., Howe Corporation, Hoshizaki Corporation, Ali Group S.p.A, Middleby Corporation, Manitowoc Ice, Brema Group S.p.A., North Star Ice Equipment Corporation, and AB Electrolux are pioneering the business landscape with their innovative, advanced products.

The ice maker market could touch USD 2.5 billion by the year 2025.

In terms of commercial application, the ice maker industry is segmented into healthcare and food service. The commercial sector is experiencing growth at a rapid pace due to surging adoption of ice-making machines in hotels, restaurants, hospitals, bars, and pharma companies. This has compelled major ice machine companies to develop restaurant-specific, energy-efficient machines that successfully cater to the diverse demands of several customers.

Proliferating demand for ice across the food service industry in different sizes and shapes could play a vital role in advancing the development of new ice maker machines. Manufacturers are investing heavily in various R&D activities to satisfy the evolving demands of food processing, transportation, and service sectors.

Request of customization: https://www.gminsights.com/roc/4419

On the regional front, the MEA ice maker industry is projected to witness immense traction on account of increasing number of infrastructure development activities like construction of new hypermarkets, restaurant chains, and supermarkets. According to the International Trade Council’s data, Dubai currently has 20 new community shopping mall projects under construction, which are likely to be completed by 2020.

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

Related News

Commercial Satellite Launch Service Market Size Overview and Share Forecasted to 2026

Published Date: 2020-09-21         Author: Rahul Varpe

With increasing collaborations between private enterprises and government agencies on space missions, commercial satellite launch service market is likely to witness a remunerative period of growth in the coming years. Rising smartphone penetration and the subsequently growing demand for better inte... Read More

Aerospace 3D Printing Materials Market | Application and Future Forecast by 2026

Published Date: 2020-09-21         Author: Rahul Varpe

The aerospace 3D printing materials market is poised to accumulate noteworthy gains in coming years owing to the technology's ability to produce aircraft parts and components that are lighter and stronger than the ones manufactured through conventional methods. 3D printing is a process where phy... Read More

Smart Weapons Market: Overview and Share Forecasted to 2026

Published Date: 2020-09-21         Author: Rahul Varpe

The smart weapons market is anticipated to witness significant growth over the coming time period owing to the increasing cross border conflicts and increasing FDI for manufacturing of weapons. Smart weapons usually utilize guidance systems that are dependent upon external assistance, making them di... Read More

© 2020 Fractovia. All Rights Reserved