This market research report presents a comprehensive analysis of the global commercial bar refrigeration equipment market by product such as beer and cocktail dispensers, bottle and wine coolers, and glass chillers and frosters. The report also provides a comprehensive analysis of the growth opportunities for companies in this market in regions such as the Americas, APAC, and EMEA.
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<h3>Overview of commercial bar refrigeration equipment market</h3>
The commercial bar refrigeration equipment manufacturers obtain guidance the federal energy management program (FEMP) regarding the ENERGY STAR-efficiency requirements. They are focusing on employing innovative designs and high-quality components to achieve ENERGY STAR certification. This enables them to offer commercial fridge equipment with ENERGY STAR certification that is around 40% more energy-efficient than other models. The purchase volume of ENERGY STAR-certified commercial bar refrigeration equipment is increasing because it helps end-users in reducing the maintenance and utility costs. Research analysis on the global commercial bar refrigeration equipment market identifies the rising need for end-users to adopt ENERGY STAR-certified commercial refrigerator and commercial freezer equipment to be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that the market will grow at a CAGR of more than 6% by 2022.
The adoption of LEDs in the commercial bar refrigeration equipment is increasing as it extends the lifespan by 40,000 hours in comparison to the fluorescent lights that have around 10,000 hours. The preference for LEDs in commercial bar equipment will further increase as the change in voltage does not affect the performance of LED lights unlike fluorescent lamp that requires high voltage. The rising popularity of commercial bar fridge equipment with LED lights is identified as one of the key trends that will gain traction in the commercial bar refrigeration equipment market during the estimated period.
The commercial bar refrigeration equipment market appears to be fragmented due to the presence of a large number of vendors. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in the commercial refrigeration equipment market including
<h3>Segmentation by product and analysis of the commercial bar refrigeration equipment market</h3>
<li>Beer and cocktail dispensers</li>
<li>Bottle and wine coolers</li>
<li>Glass chillers and frosters</li>
Consumers are increasingly preferring self-service beer and cocktail dispensers as it allows them to opt for self-service dispensers and provides cost benefits to the end-users. This in turn, will encourage end-users to make investments in this equipment. As a result, the commercial refrigeration equipment market is witnessing growth in the commercial <a href="https://www.technavio.com/report/global-beer-packaging-market">beer</a> and cocktail dispensers segment.
<h3>Segmentation by geography and analysis of the commercial bar refrigeration equipment market</h3>
The commercial refrigeration equipment market is experiencing growth in the Americas due to the expansion of end-user establishments such as hotels and bars and increasing consumption of alcoholic beverages.
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