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U.S. Insulated Panels for Commercial Refrigeration Market Analysis
- Report ID: GMI10855
- Published Date: Aug 2024
- Report Format: PDF
U.S. Insulated Panels for Commercial Refrigeration Market Analysis
Based on type, the polyurethane segment was worth over USD 1.3 billion in 2023 and is expected to reach USD 1.9 billion by 2032. Polyurethane's superior thermal insulation is a key driver. According to the Polyurethane Foam Association, PU panels have high R-values, excelling in thermal resistance, which is vital for ensuring stable temperatures in commercial refrigeration. This efficiency not only aids in energy savings but also cuts operational expenses, as noted by the U.S. Department of Energy, cementing PU panels as the top pick for cold storage, supermarkets, and food processing. Moreover, their lightweight design simplifies installation and handling, bolstering their allure in the commercial sector.
Based on application, the food and beverage retail segment exceeded USD 1.6 billion in 2023 and is likely to reach USD 2.5 billion by 2032, attributed to their critical role in maintaining precise temperature control and ensuring the freshness and safety of perishable items. Insulated panels provide superior thermal insulation, reducing energy consumption and operational costs by minimizing heat exchange between the refrigerated space and the external environment, thereby propelling the market growth.
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U.S. Insulated Panels for Commercial Refrigeration Market Scope
