Market Overview:
The global refrigeration tunnel market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for refrigerated food and cosmetics products, and the growing trend of online retailing. In terms of type, the liquid cooling segment is expected to grow at a higher CAGR than the air-cooling segment during the forecast period. By application, food is expected to be the largest segment in terms of revenue share followed by cosmetics during 2018-2030. North America accounted for majority share in 2017 and is projected to maintain its dominance throughout 2030 owing to technological advancements and rising demand for frozen food products across various end-use industries such as retail, hospitality & catering, etc.
Product Definition:
A refrigeration tunnel is a long, enclosed space used to cool or freeze food. It is often used in conjunction with a conveyor belt to move the food through the tunnel. The importance of refrigeration tunnels is that they can quickly and evenly cool or freeze large quantities of food.
Liquid Cooling:
Liquid cooling is the process of removing heat from a system by using water or some other liquid as a heat exchanger. The most common liquids used for this purpose are water, glycols (a combination of water and propylene glycol), oils, ethylene glycols (propylene oxide-based antifreeze), and alcohols.
Air-cooling:
Air-cooling is the process of cooling where there is no need for water or any other liquid to coolant. In this process, a refrigerant moves from an area of high temperature to an area of low temperature and thus provides coldness. The technology has been around for quite some time but has only recently started gaining popularity due to its eco-friendly nature and energy efficiency.
Application Insights:
The food application segment led the global refrigeration tunnel market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The increasing demand for fruits, vegetables and other foods chilled using ice tunnels or cold storage systems has been contributing to the growth of this segment. Furthermore, an increase in per capita spending on food is expected to augment demand for refrigerated warehouses over the coming years, thereby positively impacting industry growth.
Cosmetics application accounted for 15.9% share of global revenue in 2017 owing to high usage rate of cooling equipment during production process of cosmetic products such as hair care.
Regional Analysis:
North America was the largest regional market in 2017 owing to the presence of a large number of industry players and well-established distribution network. The region is expected to maintain its dominance over the forecast period due to increasing demand for convenient food products and rising adoption by restaurants & hotels for serving hot & fresh food items. Europe is also estimated to be one of the promising markets with growing demand from countries, such as Germany, U.K., Italy, France, and Spain among others.
Asia Pacific is projected to be one of fastest-growing regions during the forecast years on account of rapid industrialization coupled with developing economies including China and India among others are witnessing an increase in per capita income levels along with changing consumer lifestyle preferences towards convenience foods resulting into increased spending on food products that need refrigeration systems or cooling units hence driving growth across various application segments within this region.
Growth Factors:
- Increasing demand for processed and frozen food products
- Growing inclination of consumers towards packaged and convenience food products
- Proliferation of supermarkets, hypermarkets, and retail stores
- Technological advancements in refrigeration systems
- Rising disposable income of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigeration Tunnel Market Research Report
By Type
Liquid Cooling, Air-cooling
By Application
Food, Cosmetics, Other
By Companies
Blue Star Limited, Carrier Corporation, Trane Technologies, Daikin Industries, ProEx Food, Panasonic, Turatti, ICE GmbH, Fromfroid, Cefla Finishing, Almac Srl
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Refrigeration Tunnel Market Report Segments:
The global Refrigeration Tunnel market is segmented on the basis of:
Types
Liquid Cooling, Air-cooling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Cosmetics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Blue Star Limited
- Carrier Corporation
- Trane Technologies
- Daikin Industries
- ProEx Food
- Panasonic
- Turatti
- ICE GmbH
- Fromfroid
- Cefla Finishing
- Almac Srl
Highlights of The Refrigeration Tunnel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid Cooling
- Air-cooling
- By Application:
- Food
- Cosmetics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refrigeration Tunnel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A refrigeration tunnel is a long, narrow tunnel used to transport food and beverages between refrigerated warehouses or production lines and retail stores.
Some of the major companies in the refrigeration tunnel market are Blue Star Limited, Carrier Corporation, Trane Technologies, Daikin Industries, ProEx Food, Panasonic, Turatti, ICE GmbH, Fromfroid, Cefla Finishing, Almac Srl.
The refrigeration tunnel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refrigeration Tunnel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refrigeration Tunnel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refrigeration Tunnel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refrigeration Tunnel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refrigeration Tunnel Market Size & Forecast, 2020-2028
4.5.1 Refrigeration Tunnel Market Size and Y-o-Y Growth
4.5.2 Refrigeration Tunnel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Liquid Cooling
5.2.2 Air-cooling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Cosmetics
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigeration Tunnel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refrigeration Tunnel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Liquid Cooling
9.6.2 Air-cooling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Cosmetics
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Liquid Cooling
10.6.2 Air-cooling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Cosmetics
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Liquid Cooling
11.6.2 Air-cooling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Cosmetics
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Liquid Cooling
12.6.2 Air-cooling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Cosmetics
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Liquid Cooling
13.6.2 Air-cooling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Cosmetics
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refrigeration Tunnel Market: Competitive Dashboard
14.2 Global Refrigeration Tunnel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blue Star Limited
14.3.2 Carrier Corporation
14.3.3 Trane Technologies
14.3.4 Daikin Industries
14.3.5 ProEx Food
14.3.6 Panasonic
14.3.7 Turatti
14.3.8 ICE GmbH
14.3.9 Fromfroid
14.3.10 Cefla Finishing
14.3.11 Almac Srl
