Asia Pacific Blast Chillers Market to grow at 5.5% CAGR from 2020 to 2026: Graphical Research APAC Blast Chillers Market size is estimated to cross USD 850 million by 2026, according to a latest forecast report by Graphical Research. The increasing travel & tourism sector will augment the adoption of blast chillers in the region. According to the Japan National Tourism Organization, in 2018, the country recorded over 30 million travelers. The World Travel and Tourism Council reported that, among 185 countries, India ranked 10th in regards with the tourism & travel industry’s total input to GDP in 2019. The emergence of COVID-19 pandemic had impacted the Asia Pacific region on a large scale. China witnessed a massive setback from December 2019 to April 2020 due to the origin of the virus from the country. The country has faced international trade tensions as China is one of the major raw material suppliers in the blast chiller industry ecosystem. This has led to the growing domestic manufacturing of critical blast chiller components, such as compressors and condensers, in other counties including India and Japan, stabilizing the market.
The increase in the disposable income in Asian households is providing new growth opportunities for the APAC blast chillers market. The rising disposable income accounts for the growing spending capacity of individuals on leisure activities such as hoteling and dining outside. According to the data published by the National Bureau of Statistics of China, the disposable personal income in China increased from USD 5,929.1 in 2018 to USD 6,130.1 in 2019. The increasing spending capacity of individuals will generate a positive outlook for the demand for blast chillers. The catering segment will witness a notable growth from 2020 to 2026. The growth can be attributed to the ability of blast chillers to transport huge quantities of preserved food to various locations for events including weddings and corporate parties. With the upward market trend of adopting blast chillers in catering services, industry players are focusing on introducing chillers designed specifically for catering applications. For instance, in June 2019, Hoshizaki Corporation introduced a new range of 2-in-1 freezers and chillers. The SBU 20 HL model has a freezing capacity of around 12kg, chilling capacity of 20kg, and is equipped with multiple rack positions. The prominent players operating in the Asia Pacific blast chillers market are Williams Refrigeration, Irinox, AB Electrolux, Alto Shaam, Master-Bilt, SMEG SPA, Victory Refrigeration, Hoshizaki, and Friginox. These players are emphasizing on R&D initiatives to launch new products to cater to the regional market demand. For instance, in July 2019, Electrolux launched a new range of blast chillers under the brand SkyLine. SkyLine products are designed to keep the food healthy, risk-free, and meet the HACCP and food standards.
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Browse key industry insights from this 2020 report Asia Pacific Blast Chillers Market in detail along with the table of contents at https://bit.ly/2SJXwL4
https://bit.ly/2PYyIhBhttp://bit.ly/3kDAn6V Segmentation of Asia Pacific Blast Chillers Market:
Asia Pacific Market, By Product • o • • • o • • •
Reach-in By Capacity Below 50kg 50-100kg Roll-in By Capacity Below 100kg 100-200kg Above 200kg
Asia Pacific Market, By Application • • • • •
Hotel & Restaurant Supermarket Catering services Bakery & Confectionary Others
The above information has been provided for the following countries: • o o o o
Asia Pacific China India Japan South Korea
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