LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global underbars refrigeration market 2017-2021 report. This market research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global underbars refrigeration industry has a high growth potential in developing countries. To cater to this growing demand, vendors are developing underbars refrigeration equipment that monitors freshness, and improve safety and convenience. Top vendors are also focusing on energy-efficient underbars refrigeration equipment that can integrate a set of technologies to improve the experience of the end-user. For example, manufacturers are looking for high-performance batteries and systems that can transform heat into electricity. The electricity used by the equipment can also come from renewable energy production, thereby making the whole process more sustainable.
The market is highly capital intensive, which makes the entry of new players difficult. In order to withstand competition, market players are continuously making efforts to launch underbars refrigeration equipment with improved features. Many players in the market are focusing on offering underbars refrigeration equipment with improved functions and characteristics. For instance, the top vendors are offering a touchscreen interface for its multi-function underbars refrigeration equipment.
“Vendors must expand geographically while reviving domestic demand to achieve sustained growth. They can boost profitability by adopting efficient production techniques that minimize production costs and mitigate associated risks,” says Manu Gupta, a lead research analyst at Technavio.
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Technavio’s market research analysts identify the following key vendors:
Perlick is a leader in manufacturing commercial bar and beverage systems, residential underbars refrigeration, and brewery fittings in the US. It provides indoor and outdoor underbars refrigerators, wine reserves, freezers, freezer and refrigerator drawers, ice makers, and beer dispensers. The company provides custom bar and beverage and refrigeration equipment, innovative underbars items, beverage dispensing equipment, and brewery fittings. The company provides products that optimize the energy use to help end-users maximize the profitability of their beverage service operations.
SKOPE claims to provide products that have the latest technology for energy savings and cooling performance. The products offered by the company are reliable, durable, and aesthetically unique. The company provides upgraded energy-efficient doors that feature a frameless glass and the new anti-condensation technology. These upgraded doors are also equipped with sleek, easy grip handles.
True Manufacturing is a leader in the commercial refrigeration industry and provides efficient models. The company follows market trends by employing new strategies to meet the needs of the end-user. The company also aims to reduce its carbon footprint to help minimize the environmental impact of different products and operations. The company provides refrigerated prep tables, underbars refrigerators, and upright reach-in refrigerators.
Williams Refrigeration is a well-known manufacturer of high-quality commercial refrigeration equipment. The company sells its equipment mostly through the dealer network, and its product portfolio includes back bars, bakery cabinets, blast chillers, dough retarder provers, freezers, gastronorm cabinets, merchandising cabinets, sandwich bars, pizza preparation counters, undercounter storage units, and upright refrigerators.
Beverage-Air offers a broad portfolio of commercial refrigeration equipment for the foodservice industry. Some of its product offerings include glass door merchandisers, counter-top refrigerators, worktop and food-preparation tables, and reach-in and roll-in refrigerators. The company provides underbars refrigerators with flexibility in design to maximize efficiency. Its underbars refrigerators are engineered for a wide variety of applications, increasing the versatility and space efficiency of the end-users.
Browse Related Reports:
- Global Refrigerated Cabinet Market 2016-2020
- Global Refrigerated Display Cases Market 2016-2020
- Global Packaged Refrigeration Market 2017-2021
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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