DUBLIN, June 27, 2022 /PRNewswire/ — The “Refrigerated Display Cases – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Some of the factors driving demand in this end-use sector include growing awareness over the importance of visual merchandising as a cost effective way to boost retail sales and its role in encouraging impulse buying among customers; large and ever-growing network of food retailing stores; rising consumer disposable incomes, growing spends on packaged and prepared foods and seismic lifestyle changes encouraging consumption of frozen food products.
Also driving market growth are continuous technology developments which are encouraging equipment replacements and upgrades. Stricter food-safety regulations and quality standards are also driving up the commercial value of advanced RDC models that can preserve food hygienically at specified conditions without microbial or other types of contamination.
Amid the COVID-19 crisis, the global market for Refrigerated Display Cases estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. Plug-In, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$6.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Remote-Operated segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
Plug-in refrigerated display cases represent the fastest growing product type in the global refrigerated display cases market, with the lower capital expenditure driving widespread adoption of the systems among smaller and mid-sized outlets who have limited budgets. Plug-in RDCs enable faster installation, besides being easier to move about within the store, thereby giving store owners the freedom to…