U.S. Evaporators for Commercial Refrigeration Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The U.S. Evaporators for Commercial Refrigeration Market was valued at USD 453.3 million in 2023. Projections indicate a CAGR of 6% from 2024 to 2032, fueled by the burgeoning food and beverage sector. The rising adoption of smart refrigeration systems and IoT technology underscores the demand for advanced solutions. With economic growth and urbanization, there's a pronounced demand for modern refrigeration in emerging food and beverage establishments. This trend underscores the market's potential, emphasizing efficiency, cost-effectiveness, and adherence to regulations.

Energy-efficient evaporators are gaining traction in the U.S. commercial refrigeration landscape. This shift is largely motivated by cost-saving imperatives and stringent environmental regulations. Companies are channeling investments into cutting-edge evaporator designs, such as high-performance heat exchangers and enhanced insulation, to boost energy efficiency. The incorporation of smart controls and IoT technology facilitates real-time monitoring and system optimization, amplifying energy savings. This strategy not only aligns with regulatory mandates but also aids businesses in slashing energy expenses and bolstering operational efficiency. Consequently, energy-efficient technologies are at the forefront, whether in new installations or upgrades of existing systems. Highlighting the financial benefits, the U.S. Green Building Council emphasizes that green building practices can trim maintenance costs by 20%.

The U.S. evaporators in commercial refrigeration industry is classified based on usage, temperature range, application, distribution channel and region.

The force-air evaporators segment commanded a valuation of over USD 283.7 million in 2023, with expectations to surge to USD 477.9 million by 2032. Dominating the U.S. commercial refrigeration landscape, force-air evaporators are lauded for their efficient air distribution and top-tier cooling prowess. By ensuring consistent airflow, these evaporators minimize temperature fluctuations, a critical factor in safeguarding product integrity. Their energy-efficient design not only curtails operational expenses but also maximizes energy utilization. Versatile in nature, they cater to diverse commercial demands, spanning from retail displays to expansive cold storage.

The multi-deck display cases segment was valued at USD 129.4 million in 2023, with projections to surpass USD 226.8 million by 2032. The rising reliance on evaporators in multi-deck display cases stems from their role in boosting product visibility and ensuring efficient cooling in bustling retail settings. These open-design cases, with their multiple shelves, depend on evaporators for even temperature distribution, crucial for item freshness. Given the high foot traffic and frequent door openings in venues like supermarkets and convenience stores, there's a pressing need for robust cooling solutions to swiftly stabilize temperatures.

Product Code: 10842

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Expansion of commercial cold storages facilities
  - 3.2.1.2 Expansion of food and beverages industry
  - 3.2.1.3 Increasing preference for energy-efficient advanced refrigeration technologies
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 High initial costs
  - 3.2.2.2 Need to meet stringent regulatory and environmental standards.
3.3 Technology and innovation landscape
3.4 Growth potential analysis
3.5 Regulatory landscape
3.6 Pricing analysis
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032, (USD Million) (Evaporator-'000 Units)

5.1 Key trends
5.2 Force-Air evaporators
5.3 Garden coil evaporators
5.4 Plate evaporators
5.5 Shell and tube evaporators
5.6 Others

Chapter 6 Market Estimates and Forecast, By Usage, 2021 - 2032, (USD Million) (Evaporator-'000 Units)

6.1 Key trends
6.2 Multi-Deck display cases
6.3 Single deck display cases
6.4 Walk-in coolers/freezers
6.5 Remote systems
6.6 Self-contained units
6.7 Island cases
6.8 Chilled rooms
6.9 Others

Chapter 7 Market Estimates and Forecast, By Temperature Range, 2021 - 2032, (USD Million) (Evaporator-'000 Units)

7.1 Key trends
7.2 Medium temperature (32°F to 41°F / 0°C to 5°C)
7.3 Low temperature (0°F to -10°F / -18°C to -23°C)
7.4 Ultra-low temperature (below -10°F / -23°C)

Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2032, (USD Million) (Evaporator-'000 Units)

8.1 Key trends
8.2 Food service
- 8.2.1 HoReCa
- 8.2.2 Catering services
- 8.2.3 Others (Bakeries, Confectionery Houses, Food Expo and Tour, etc.)
8.3 Food and beverage retail
- 8.3.1 Grocery stores
- 8.3.2 Club stores
- 8.3.3 Convenience stores
- 8.3.4 Dollar/Drug stores
- 8.3.5 Other (Specialty Food Store, Farmers Markets, etc.)
- 8.3.6 Laboratories/medical facilities
- 8.3.7 Cold storage warehouses
- 8.3.8 Others

Chapter 9 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032, (USD Million) (Evaporator-'000 Units)

9.1 Key trends
9.2 Direct
9.3 Indirect

Chapter 10 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)

10.1 Alfa Laval
10.2 American Cooler Technologies
10.3 Coldmatic Building Systems
10.4 Colmac Coil Manufacturing
10.5 Craig Industries, Inc.
10.6 Dow Building Solutions
10.7 EVAPCO, Inc.
10.8 Everidge, Inc. (Crown Tonka)
10.9 Falk Corporation
10.10 Guntner SS
10.11 Heatcraft Worldwide Refrigeration
10.12 Kingspan Group (KPS)
10.13 MBCI (a Cornerstone Building Brands company)
10.14 Metl-Span (a Nucor company)
10.15 PermaTherm