Global Walk-in Refrigerators and Freezers Market is expected to grow with the CAGR of 5.4% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:
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Global walk-in refrigerators and freezers market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global walk-in refrigerators and freezers market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio. For instances, in November 2019, Haier Inc. introduced new bar refrigerator models named LC-138WB and LC-133K. These products come with a low emissivity transparent glass that offers proper product visibility along with the ability to save electricity consumption by almost 40%. The company expects to further expand its product portfolio and overcome competition with the launch of this product.
BSH Hausgeräte GmbH (a subsidiary of Robert Bosch GmbH) is the dominating player in the global walk-in refrigerators and freezers market. The other key players existing in the walk-in refrigerators and freezers market include Perlick Corporation, WHYNTER LLC, U-Line (a subsidiary of Middleby Corporation), NewAir and NewAir, Lancer Worldwide, Haier Inc., Vinotemp, Foster Refrigerator, Master-Bilt Products, LLC, Nor-Lake, Inc., Kolpak, AB Electrolux, Amerikooler, Zhejiang Xingxing Refrigeration Co.,Ltd., Arctic Walk-In Coolers & Walk-In Freezers, Beverage Air, Precision Refrigeration Ltd, Polar King. International, Inc. and Supcool among others.
BSH Hausgeräte GmbH (a subsidiary of Robert Bosch GmbH):
BSH Hausgeräte GmbH (a subsidiary of Robert Bosch GmbH) is headquartered in Munich, Germany and was founded in 1967. The company focuses on the manufacturing and sales of technological solutions for homes and industries by combining pioneer technologies such as AI, edge, cloud computing and robotics. The company provides brands under categories such as appliance brands, service brands and ecosystem brand out of which appliance brands is the market focused category.
For instance,
- In February 2021, BSH Hausgeräte GmbH joined hands with the United Nations’ World Food Programme and JOBLINGE, a volunteer organization aimed to reduce global hunger and youth unemployment. The company expects to fulfil its responsibility towards humanity and improve its goodwill by involving in such partnership.
The company has presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa.
Haier Inc.:
Haier Inc. is headquartered in Qingdao, China and was established in 1984. The company focuses on the manufacturing and sales of innovative and technical solutions for industries as well as households. The company deals in multiple business segments such as China smart home business segment, overseas home appliance and smart home business segment and other business out of which China smart home business segment is the market focused segment. The company has wide range of products under categories such as household and business in which business is the market focused category.
For instance,
- In August 2020, Haier Inc. subsidiary Haier Thailand won the BUSINESS+ Award for its navi cooling refrigerator and purifies cool VIP air conditioner. The Navi-cooling+ series are built with a seamless two doors, three compartment system that offers excellent food preservation and temperature control. The company expects to improve its goodwill and consumer base with this award.
The company have global presence across Asia-Pacific, Europe, North America, South America and Middle East and Africa. In addition, the company has various subsidiary companies such as Candy (Europe), Fisher & Paykel (New Zealand), GE Appliances (U.S.), Haier Appliances (India) P. Ltd (India) among others.
AB Electrolux:
AB Electrolux is headquartered in Stockholm, Sweden and was founded in 1921. The company focuses on the manufacturing and sales of electrical appliances for both the industries as well as households. The company deals in multiple business segments such as Europe, North America, Latin America, Asia-Pacific and Middle East and Africa. The company has wide range of products under categories such as food, beverage solutions, laundry equipment and industry solutions in which food is the market focused category.
For instance,
- In February 2021, Electrolux Professional AB, a subsidiary of AB Electrolux announced the support of its Electrolux Food Foundation towards inculcating a more sustainable food habits as its support towards the UN Agenda 2030 and Sustainable Development Goals. The company expects to improve its goodwill and reputation along with the fulfilment of its responsibilities towards humanity with this announcement.
The company have global presence across Europe, North America, Latin America, Asia-Pacific and Middle East and Africa. In addition, the company has various subsidiary companies such as Zanussi (Italy), Electrolux Hausgeräte GmbH (Germany), Electrolux laundry systems (France), Anova culinary (U.S.) among others.
