The intense rivalry between local and international vendors has kept the global refrigerated display case (RDC) glasses market
fragmented, states a new research study by Transparency Market Research
(TMR). Currently, the leading players are competing on the basis of
technology. However, they are likely to focus more on developing their
distribution channels in the years to come. Beverage-Air Corp., Hussman
International, AHT Cooling Systems GmbH, ISA Italy S.r.l., Metalfrio
Solutions S.A., Kysor/Warren, SRC Refrigeration, and REMIS GmbH are some
of the prominent vendors of refrigerated display case glasses across
the world, states the market report.
As per the estimations of this report,
the global market for refrigerated display case glasses is likely to
rise substantially at a CAGR of 5.70% during the period from 2017 to
2025 and attain a value of 187,525 mn sq. mtr by the end of the period
of the forecast. Owing to their efficiency, double glazed glasses are
witnessing significantly high demand and the trend is likely to remain
so over the next few years.
In terms of the region, Asia Pacific
leads the worldwide market for refrigerated display case glasses, thanks
to the significant increase in the retail and food processing industry,
augmenting the sales of refrigerated display case glasses in this
region. The scenario is likely to remain so in the years to come, notes
the research study.
Technological Advancements to Boost Market’s Growth
“The increasing usage of refrigerated
display cases as cooling equipment in a number of industries, such as
bakery, meat, pharmaceuticals, and hospitality, is fueling the demand
for RDC glasses across the world,” says a TMR analyst.
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The rising demand for storage units,
thanks to a proliferating dairy and ice cream, meat and seafood, and
other frozen food supply chains, is also instrumental in the significant
growth of the global market for RDC glasses. Going forward, the market
is likely to gain from the technological advancements, leading to
sophisticated refrigeration products, in the years to come, states the
research report.
High Price Associated to RDC Glasses to Hamper Market
Overall, the future of the global market
for refrigerated display case glasses looks bright; however, the high
price associated with them is anticipated to hamper the growth of this
market over the next few years. Nonetheless, the advent of
anti-reflective and low emission coatings is likely to drive this market
substantially in the near future. The market will also benefit from the
increasing usage of insulating glass units, specially designed to keep
the refrigeration units cools and effective, in the near future, reports
the market study.
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