Europe Blast Chillers Market share was estimated to be around USD 340 million in 2019 and is expected to grow at a CAGR of over 7% from 2020 to 2026.
 

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The market will witness an accelerating growth owing to the presence of prominent players in the region. The key market players operating in Europe include Master-Bilt Products, Irinox S.p.A, AB Electrolux, Infrico SL, and Williams Refrigeration. These companies are primarily focusing on improving their R&D capabilities and enhancing their brand value by adopting several strategic initiatives. For instance, in August 2019, Infrico participated in the R&D Project: “Development and optimization of new products with high energy efficiency”. This aided the company to enhance its focus on R&D and develop new energy-efficient products. The development of new products is assisting Infrico to expand its reach in the global market.  

The spread of COVID-19 in Europe has impacted the regional economy overall. The region has witnessed economic instability due to prevalent international trade tensions from the period of January 2020 to May 2020. The commercial kitchen equipment industry in Europe has witnessed a sluggish growth owing to the shortage of products and temporary closure of many hotels and restaurant chains. However, government authorities have issued certain guidelines and regulations for essential and non-essential activities to mitigate the financial loss caused in the region. By 2021, the Europe blast chiller market will witness a gradual increase in the growth rate.   

The Europe market will witness a growth potential owing to the rapid adoption of this equipment in the catering segment. Leading catering service providers in Europe including Aramark, Sodexo, Elior, and Compass Group are adopting technologically advanced blast chillers in their kitchens to keep food items fresh for longer time periods and serve a large number of guests. The demand for blast chillers will proliferate during the forecast timeline owing to the presence of such prominent players in the Europe catering industry.

Increasing demand for the consumption of outside food in the UK will fuel the adoption of blast chillers on a large scale. The average weekly spending of a family on restaurants and hotels is around USD 60.7. The average household expenditure has increased with time owing to changing work life conditions and hectic work hours. Growing inclination of the youth to consume outside food in the UK will also contribute to the accelerating demand for blast chillers in the country.  

Key players for the Europe market are AB Electrolux, Friginox, Fulgor Milano, Infrico SL, Irinox S.p.A, Master-Bilt Products, Retigo S.R.O, Smeg S.p.A, Tecnomac, and Williams Refrigeration. The companies are focused on strategic alliances and partnerships in order to increase their market presence and revenues. For instance, in March 2019, Fulgor Milano partnered with Euroline, a UK-based importer to enter the UK market. The partnership helped Fulgor Milano to expand its reach in the UK market and enhance its customer base.