Published Date: January 17, 2022
Blast Chillers Market size is set to surpass USD 2 billion by 2027, according to a new research report by Global Market Insights Inc. The global shipments are expected to reach 70,000 units by 2027.
Blast chillers are witnessing a substantial demand due to rising catering services and hotel & restaurant chains by increasing population. Market players are acquiring other blast chiller manufacturers to enhance their service offerings. For instance, in March 2021, Tecnoeka acquired ATOL Srl, a manufacturer of blast chillers of Sincold brand in Italy. Stringent government regulations against the emission of blast chillers are encouraging companies to innovate new equipment with eco-friendly refrigerants.
Increasing food rescuing activities by governments to decrease the hunger index globally will propel the blast chillers market revenue. Chillers are being adopted by supermarkets as well as restaurants to preserve the packed foods and remaining edible foods to support food rescue program.
Expensive ownership cost is a key factor, which is adversely impacting the blast chillers sales worldwide. Furthermore, strict government regulations against refrigerants used in the chillers are hampering the industry demand. They also require high energy absorption for instant and prolonged cooling of the inner surface, thereby increasing the maintenance cost of the owners. To tackle these challenges, OEMs are integrating smart energy management into their flash freezers for low energy consumption and are using eco-friendly refrigerants with low GHG emissions.
Analyst view: “The proliferation of hotels & restaurants as well as supermarkets led by rising population is augmenting the blast chillers market growth. Integration of smart technologies to lower the energy consumption and reduce the maintenance will provide a positive outlook in the F&B industry.”
Stringent lockdowns enforced by various governments in 2020 owing to COVID-19 pandemic affected the overall market statistics. Industry participants faced raw material shortage by disruptions in the global supply chain. However, government provided relaxations to blast freezer OEMs due to freezers’ key role in preserving the medical essentials and vaccines for longevity in lockdown time. Owing to this, flash freezers observed upward industry trend in the health care sector amid pandemics. To enhance their market revenue, industry players unveiled new models to attract greater clients from the medical sector.
Over 30% of the blast chillers market share acquired by reach-in chillers segment in 2020. Reach-in chillers segment is further categorized into below 50KG and 50-100KG. Reach-in chillers’ lightweight and efficient condensation removal features are accelerating their share. Moreover, these freezers are also easy to carry and available in battery-integrated mfexpodels, thereby increasing their adoption in remote hospitality and tourism sectors.
Below 50KG blast freezers are experiencing growing demand in small and mid-sized canteens, restaurants, and hotels due to their low ownership cost and their compact size. Industry leaders are unveiling their new models in this segment to improve their market statistics.
Browse key industry insights spread across 250 pages with 399 market data tables & 23 figures & charts from the report, “Blast Chillers Market Size By Product (Reach-in [By Capacity {Below 50KG, 50 – 100KG}], Roll-in [By Capacity {Below 100KG, 100 - 200KG, Above 200KG}]), By Application (Hotel & Restaurant, Supermarket, Catering Services, Bakery & Confectionery), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/blast-chillers-market
Blast chillers sales in the hotel & restaurant industry is poised to cross around USD 900 million by 2027. Hotel chains’ initiatives to expand their business operations worldwide will drive the market demand. For instance, in July 2021, Hilton announced to launch its first garden hotel in Seoul, Hilton Garden inn Seoul Gangnam. The company will provide several 24 hours food services such as Cafe253, Garden Bistro, and small shops in the premises.
The North America blast chillers market valued at about USD 300 million in 2020, with over 10,000 new units sold. Supportive government initiatives and supermarket & hospitality business strategies to reduce food wastage are fueling the blast freezer sales in region. Supermarket companies are offering funding to the local organizations to achieve net zero food waste.
Industry participants are investing in R&Ds to innovate advanced blast freezers equipped with multiple technologies and features. Companies, such as ILSA S.p.A, Electrolux, and Hobart Dayton Mexicana, are partnering with established distributors to expand their consumer base.
Major players operating in the blast chillers market include Williams Refrigeration, Victory Refrigeration LLC, American Panel Corporation, Alto Shaam, Inc., Traulsen & Co., Inc., Tecnomac (Ali Group), Friginox, Electrolux, SMEG S.p.A., Fulgor Milano, RETIGO s.r.o., Hobart Dayton Mexicana, Master-Bilt Products, Infrico S.L., and Irinox S.p.A.
Preeti Wadhwani, Prasenjit Saha