AB Electrolux, Haier Inc and FRIGOGLASS are dominating the Global Beverage Coolers Market in 2019

Global Beverage Coolers Market is expected to grow with the CAGR of 3.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Beverage coolers market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in beverage coolers market are introducing strong range of product portfolio. This helped the company to maximize the sales with enhanced product portfolio. For instance, in 2019, AB Electrolux had expanded its business in the beverage coolers market by launching a new brand identity as Electrolux Professional. With this expansion, the company aims to display its ability and maintain the trust of the customers which increases the goodwill of the company.  

AB Electrolux is the dominating player in global beverage coolers market. The other key players existing in the market includes VIKING RANGE, LLC, Haier lnc. Perlick Corporation, Danby, Climadiff, FRIGOGLASS, Liebherr-International Deutschland GmbH, mvpappliances, Miele & Cie. KG, Shenzhen SICAO Electric Appliances Co., Ltd (SICAO), LG Electronics, Siemens, DATRON HANDELSGES M.B.H., NewAir and NewAir.com, Vestfrost Solutions, Avanti Products (Brand of The Legacy Companies), U-Line, WHYNTER LLC, Allavino Vinotemp, Summit Appliance Division, Felix Storch, Inc.

AB Electrolux

AB Electrolux headquartered in Stockholm, Sweden was founded in 1919. The company is engaged in manufacturing kitchen and laundry appliances. The product categories offered by the company are kitchen, laundry and homecare. The market focused category is kitchen.

• In October 2019, AB Electrolux had expanded its business in the beverage coolers market by launching a new brand identity as Electrolux Professional. The company main aim is to display its ability and maintain the trust of the customers which increases the goodwill of the company.    

The company has wide global presence across the globe such as in Americas, Europe, Asia-Pacific, Middle East & Africa. In addition to it, the company also generates its revenue from the various segments such as major appliances Europe, Middle East and Africa, major appliances North America, major appliances Latin America, professional products, major appliances Asia/Pacific and home care & SDA and among them professional products is our focused market segment. Various subsidiaries of the company are Electrolux Professionalism, Electrolux Hausgeräte GmbH,  Electrolux IT Solutions AB, Electrolux De Chile SA and others.

Haier Inc.

Haier Inc. is headquartered in Shandong, China which was founded in 1984. The company is engaged in manufacturing of electronic solutions.  The company business segments are air-conditioner segment, refrigerator segment, kitchen appliance segment, water heater segment, washing machine segment and the market focused segment is refrigerator segment. The products categories offered are household, business and focused market product category is business.

• In June 2016, Haier Inc. had signed a mutual partnership with GENERAL ELECTRIC in their growth projects to different sectors such as industrial internet, healthcare, and advanced manufacturing globally. The company aims to expand its product portfolio and revenue by this partnership in future.

The company has global presence in Americas, Middle East & Africa, Europe, South Asia, ASEAN, Australasia, China. Various subsidiaries of the company are Qingdao Haier Robot Co., Ltd, Chongqing Haier Refrigeration Appliance Co., Ltd, Qingdao Haier Air-Conditioner Electronics Co., Ltd, Guizhou Haier Electronics Co., Ltd and others

FRIGOGLASS

FRIGOGLASS is headquartered in Athens, Greece which was founded in 1996. The company is engaged in manufacturing of ice cold merchandisers (ICM) as well as supplying of glass packaging.   The company business segments are ICM operation, glass operation and the market focused segment is ICM operation segment. The company offers product categories are coolers and services, glass and the market focused category is coolers and services.

• In April 2018, FRIGOGLASS had announced the launch of the Hybrid cooler, which is designed to mitigate the impact of electricity outages for their customers in Africa. By this expansion the company aims to expand its product portfolio in the market and generates huge amount of revenue in the future.

The company has its global presence in Europe, North America, Middle East & Africa, Asia-Pacific. Various subsidiaries of the company are Frigoglass Industries (Nigeria) Ltd. (Nigeria), Frigoglass Gmbh (India), Frigoglass Indonesia, Pt (Indonesia), Frigorex Cyprus Ltd (Cyprus) and others.