This industry research report presents a comprehensive analysis of the global commercial wine cooler market by technology (compressor based and thermoelectric based commercial wine cooler) and by product placement (free-standing and undercounter commercial wine cooler). The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.
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<h3>Overview of the global commercial wine cooler market</h3>
Technavio’s market research analysts have identified the increasing consumption of wine around the globe as one of the primary factors that will trigger the growth of the commercial wine coolers market in the coming years. Wine consumption has incredibly increased in countries such as the US, the UK, Spain, Canada, and South Africa. The increasing demand for wine can be attributed to the fact that wine drinking has gained traction among millennials owing to the increase in the availability of various varieties. Sparkling-wine is increasingly used in social functions and parties owing to its fizziness. Moreover, health-conscious customers also prefer red wine as it is beneficial in improving cholesterol levels and maintaining cardiac health. With the growing wine consumption, the demand for wine coolers will subsequently increase, fueling market growth. Our market research analysts have estimated that the commercial wine cooler industry will grow steadily at a CAGR of more than 5% by 2022.
Bacterial growth can destroy the taste of wine and this drives the need for refrigeration to curtail bacterial growth. Additionally, there is also a rise in the utilization of charcoal filters to control air from bacteria that will cause odor in wine. Wine cooler manufacturers are also using various technologies to introduce products that will maintain the quality of wine. Vinotemp uses Vinotemp BioBlu technology, a blue light emitting diode interior system designed to reduce bacterial growth. Moreover, Silhouette has also introduced the Danby model SR001 with a triple pane Low E glass, which will protect wine from UV light. According to our wine cooler industry analysis report, the adoption of technologies that inhibit bacterial growth is one of the key trends that will drive the growth of the commercial wine refrigerator market.
<h3>Companies covered</h3>
The commercial wine cooler market is fragmented due to the presence of several vendors and appears to be quite competitive. This industry research report offers information about the competitive strategies adopted by vendors in the wine refrigerators market and also provides information on the types of wine chillers offered by several companies. This will help wine coolers manufacturers design efficient growth strategies and introduce unique products, which will in turn, aid in gaining an advantage over their competitors.
The report includes an analysis of a number of companies in this marketspace including -
<ul>
<li>Danby</li>
<li>Electrolux</li>
<li>Newair</li>
<li>Perlick</li>
<li>Sirman</li>
<li>Vinotemp</li>
</ul>
<h3>Segmentation by technology and analysis of the commercial wine cooler market</h3>
<ul>
<li>Compressor based commercial wine cooler</li>
<li>Thermoelectric based commercial wine cooler</li>
</ul>
The compressor based commercial wine cooler market segment accounted for the major shares of the wine cooler market size during 2017. Owing to benefits such as the ability to achieve low temperatures and work in hot surrounding temperatures, the wine cooler industry will witness considerable growth in this segment during the next few years as well.
<h3>Geographical segmentation and analysis of the commercial wine cooler market</h3>
<ul>
<li>Americas</li>
<li>APAC</li>
<li>EMEA</li>
</ul>
Our analysts have predicted that in terms of geographic regions, the wine refrigerators market will witness considerable growth in EMEA during the next few years. The growing preference among consumers in this region towards drinking in boutique restaurants, will positively impact the demand for wine fridges in EMEA.
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