Home > Industrial Machinery > Industrial Equipment > Cryogenic Equipment > Tube Ice Machine Market
Tube Ice Machine Market was valued at USD 403 million in 2023 and is anticipated to register a CAGR of 5.4% from 2024 to 2032. Cryogenic equipment is often used in cold storage and transportation of perishable goods, including food and pharmaceuticals. There's a growing demand for tube ice for food preservation or transportation purposes, there might be a correlated increase in the need for cryogenic equipment to maintain the required temperatures during storage and transportation. Some industrial processes might require both tube ice and cryogenic equipment.
The cryogenic equipment is often used in industries where maintaining product quality and purity is critical, such as food processing and pharmaceuticals. Innovations in cryogenic technology aimed at ensuring product integrity and purity can translate into improvements in tube ice production processes, leading to better-quality ice that meets stringent industry standards. Energy efficiency has become a significant consideration for end-users seeking to minimize operational costs and reduce environmental impact. As a result, there is a growing preference for energy-efficient tube ice machines that utilize innovative cooling technologies, such as variable frequency drives (VFDs), heat recovery systems, and optimized refrigeration cycles, to minimize energy consumption while maintaining optimal ice production capacity.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Tube Ice Machine Market Size in 2023: | USD 403 Million |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.4% |
2032 Value Projection: | USD 681 Million |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 210 |
Segments covered: | Type, and End-Use |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The capital investment required to set up tube ice manufacturing facilities can be significant, acting as a barrier to entry for small-scale businesses and hindering market growth. High energy consumption and maintenance costs associated with tube ice machines can limit their adoption, particularly in regions where energy prices are high or unreliable. Additionally, Compliance with safety and environmental regulations, particularly regarding refrigerants and food safety standards, adds complexity and cost to the manufacturing and operation of tube ice machines, potentially slowing market growth.
Cryogenic equipment often involves advanced refrigeration technologies, which could trickle down into the development of more efficient and cost-effective refrigeration systems used in tube ice machines. As technology improves in the cryogenic field, it can lead to innovations in refrigeration systems utilized in ice-making machinery, making them more efficient and productive. With growing concerns regarding food safety and hygiene, there is a heightened emphasis on the quality and purity of ice used in food and beverage applications. Manufacturers are incorporating advanced filtration and purification technologies into tube ice machines to ensure that the produced ice meets the highest standards of cleanliness and safety, thereby catering to the evolving needs of consumers and regulatory requirements.
In addition, as energy efficiency becomes increasingly important in the cryogenic sector due to environmental concerns and cost considerations, advancements in energy-saving technologies can also benefit tube ice machine manufacturing. More energy-efficient components and systems developed for cryogenic applications can be adapted to improve the energy efficiency of tube ice machines, making them more attractive to consumers and contributing to market growth. The demand for packaged ice, including tube ice, has been steadily increasing, driven by the expanding foodservice industry, particularly in emerging economies. Packaged ice is widely used in bars, restaurants, hotels, supermarkets, and other establishments for cooling beverages and food preservation, thus fueling the demand for tube ice machines.
Based on type, the medium tube segment valuation crossed USD 169 million in 2023 which is expected to exceed USD 301 million by 2032. Medium tube ice machines are versatile and can cater to a wide range of applications. They are used in various industries such as food and beverage, fisheries, pharmaceuticals, and construction. Additionally, Medium tube ice machines typically have a moderate to high output capacity, making them suitable for both small-scale and large-scale ice production needs. They strike a balance between size and production capacity, appealing to a broad spectrum of customers. Medium-sized tube ice machines typically have a smaller footprint compared to larger industrial units. This makes them more suitable for businesses with limited space availability, such as restaurants, bars, convenience stores, and small-scale food processing facilities.
Based on end use, the tube ice machine market is categorized into low food processing, medical industry, chemical industry, hospitality, and others. In 2023, food processing accounted for a market share of about 32% and is expected to capture revenue share of 35% by 2032. Tube ice finds extensive use in the food processing industry for applications such as cooling, preservation, and transportation of perishable goods. This industry requires large quantities of tube ice for processes like seafood preservation, meat processing, and beverage cooling.
Moreover, tube ice machines can produce ice in a hygienic manner, meeting the stringent quality and safety standards required by the food processing industry. This ensures that the ice produced is suitable for direct contact with food items, making it ideal for use in food processing facilities. With the increasing global population and changing consumer preferences, there is a rising demand for processed food products. This trend drives the need for efficient cooling and preservation solutions in the food processing industry, further boosting the demand for tube ice machines.
Asia Pacific tube ice machine market size surpassed USD 142 million in 2023. APAC countries, especially those with large populations such as China and India, have a significant demand for ice across various industries including food and beverage, fisheries, healthcare, and construction. Similarly, APAC economies have been experiencing rapid industrialization and urbanization, leading to increased demand for refrigeration and ice production equipment.
As industries expand, the need for tube ice machines for cooling and preservation purposes also rises. APAC is home to several leading manufacturers of tube ice machines who continuously innovate and improve their products to meet the evolving needs of industries. This technological prowess gives APAC manufacturers a competitive edge in the global market.
These prominent companies are proactively involved in strategic endeavors including mergers & acquisitions, facility expansion, and partnerships to diversify their product offerings, expand their customer reach, and solidify their market position. Together, the top five mentioned companies collectively occupied around 1% to 5% of the global market share in 2023. They consistently allocate resources to research & development, enhancing their products and integrating innovative technologies to maintain a competitive edge.
Major key players operating in the tube ice machine industry include:
Click here to Buy Section of this Report
Market, By Type
Market, By End-Use
The above information is provided for the following regions and countries: