Global Refrigerated Display Cases Market to Reach USD10.4bn

The global market for refrigerated display cases, estimated at USD7.6bn in the year 2020, is projected to reach a revised size of USD10.4bn by 2026, growing at a CAGR of 5.6% over the analysis period, a new market study published by Global Industry Analysts Inc. shows. Plug-in, one of the segments analyzed in the report, is projected to record 6% CAGR and reach USD6.3bn by the end of the analysis period. 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.

In US, the refrigerated Display cases market is estimated at USD1.7bn in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of USD1.2bn by the year 2026, trailing a CAGR of 8.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR, according to the report.