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Asia Pacific Blast Chillers Market to grow at 5.5% CAGR from 2020 to 2026

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 industryu2019s total input to GDP in 2019.

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Asia Pacific Blast Chillers Market to grow at 5.5% CAGR from 2020 to 2026

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  1. Asia Pacific Blast Chillers Market to Surpass $850 Mn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. 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. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/2RdKV2E Request for customization @ https://bit.ly/3uBY3fE ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. 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. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segmentation of Asia Pacific Blast Chillers Market: • Asia Pacific Market, By Product • Reach-in • By Capacity • Below 50kg • 50-100kg • Roll-in • Asia Pacific Market, By Application • Hotel & Restaurant • Supermarket • Bakery & Confectionary • Others • The above information has been provided for the following countries: • Asia Pacific • China • India • Japan • South Korea ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research  Phone:1-800-986-6917Email:sales@graphicalresearch.com Web: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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