Published Date: 2021-01-07
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According to the Graphical Research new growth forecast report titled “Europe Blast Chillers Market Size By Product (Reach-in [By Capacity {Below 50KG, 50 – 100KG}], Roll-in [By Capacity {Below 100KG, 100 – 200KG, Above 200KG}]), By Application (Hotel & Restaurant, Supermarket, Catering Services, Bakery & Confectionary)”, Estimated To Be Over USD 510 million by 2026.
The Europe blast chillers market will propel during the forecast timeline owing to increasing stringent food safety regulations imposed by the government. Industry associations and regulatory bodies formed by the government are focusing on safeguarding the safety and edibility of food items consumed in restaurants & hotels. According to a report by the World Health Organization (WHO) in June 2019, more than 23 million residents in Europe fall sick per year due to the consumption of contaminated food. This is generating a robust demand for the adoption of blast chillers in the region. The ability of this chilling equipment to chill & freeze the food while maintaining the food quality and its nutritional value is primarily contributing to the growing market size.
The rapid spread of the COVID-19 pandemic in countries including Italy, France, and the UK has impacted the growth of the Europe blast chillers market. European economies have faced a decline in the GDP and employment rate as majority of the region was under strict lockdown during the period between March 2020 and June 2020. The manufacturing sector is adversely impacted owing to the shortage of raw materials. The unavailability of labor and decrease in the market demand in several economies are some of the factors that have impacted the production processes of industry players. The second wave of the COVID-19 pandemic is also impacting the manufacturing activities of blast chillers in Europe.
Rapidly expanding hotel chains in the UK, Russia, and France will create growth opportunities for the Europe blast chillers market. Blast chillers are required in hotels and restaurants to store large quantities of food and beverages to cater to customer demand at peak hours. Russia has witnessed a high growth in its hotel and restaurant industry during the past two years. For instance, in December 2019, Wyndham Resorts & Hotels announced its plan to expand its geographical presence, with an initiative to open 15 hotels in Russia and its neighboring countries by 2021. This will enhance the product penetration in the region.
Prominent players operating in the Europe blast chillers market are Friginox, AB Electrolux, Infrico SL, Master-Bilt Products, Fulgor Milano, Williams Refrigeration, Retigo S.R.O, Irinox S.p.A, Tecnomac, and Smeg S.p.A. These players are primarily engaging in CSR activities by contributing for special causes to the society. For instance, in December 2020, Electrolux joined global climate business network CLC (Climate Leadership Coalition). The company aims to reduce the CO2 emission from products with 25% by 2025.
Europe blast chillers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
Blast Chillers Market, by Product
Europe Blast Chillers Market, By Application
The above information is provided on country basis for the following:
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