Global Refrigeration gauge Market to reach USD XX billion by 2027.Global Refrigeration gauge Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2021-2027. The refrigerant gauge is ideal for use in abattoirs, retail stores, and industrial cold storage facilities to accurately measure the state of the refrigeration system. The primary driver for refrigeration gauge market growth is predicted to be the periodic maintenance of working temperatures via refrigeration equipment, as well as specialized troubleshooting issues. As per Statista, in 2020, the top countries in terms of refrigerated storage capacity includes India, China and United states. With 156 million cubic meters of refrigerated warehousing capacity in the same year, the United States held the world's highest capacity. In 2020, global refrigerated warehouse capacity was 719 million cubic meters. However, high cost of refrigerator gauge and availability of counterfeit products in the market is expected to hamper the growth of market. Rising demand from food & beverage industry is expected to create lucrative opportunity for the market growth.
The major regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World are considered for the geographical analysis of global Refrigeration gauge market. Asia-Pacific is the dominating region across the world in terms of market share and is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 owing to the Growing industrialization coupled with expansion of cold storage facilities.
Major market player included in this report are:
alpha controls & instrumentation inc
winters instruments
omega engineering inc.
parker hannifin corp
fjc inc
actrol parts pty ltd.
bramec corporation
marsh group of companies
wika alexander wiegand se & co. kg
javac limited
wilhelmsen
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Transport Mode within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Output type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Output type:
Analog
Digital
By Sales channel:
OEM
Aftermarket
By Application:
Industrial
Healthcare
Retail
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Refrigeration gauge Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors