May 24, 2021 08:48 ET | Source: Research and Markets Research and Markets
Dublin, May 24, 2021 (GLOBE NEWSWIRE) -- The "Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global ice maker market reached a value of US$ 4.8 Billion in 2020. An ice maker, also known as an ice generator or ice machine, is an appliance that is used for producing ice in both the residential and commercial sectors. It is manufactured using various components, which include motors, compressors, condensers, evaporators, throttle valves and heating elements. Among these, the compressor cold compresses the low-pressure vapor to high-pressure vapor and directs it to the condenser. The condenser helps in condensing the high-pressure vapor into the high-pressure liquid, which is then drained out through the throttle valve. The liquid is then sent towards the evaporator wherein heat exchange takes place and results in the formation of ice. One of the significant factors catalyzing the market growth include the rising demand for ice in the healthcare sector for storing organs and aiding rehabilitation procedures. Besides this, ice makers are also utilized in microbiology, biochemistry, biotechnology and genetic engineering laboratories to store biological samples and assist the transportation of these samples to other facilities. The growing popularity of cryotherapy (cold therapy) is further impelling the market growth. Additionally, there is an increase in the demand for the product in the food and beverage (F&B) industry, owing to the burgeoning sales of processed foods and inflating income levels of the individuals. This escalation in demand can also be accredited to the easy availability of ice makers in different sizes, depending on the requirements of the consumers. Looking forward, the publisher expects the global ice maker market to exhibit moderate growth during the next five years. Breakup by Product Type:
Ice cube maker represents the most preferred product type as it produces rhomboid cubes which are utilized in various restaurants. Breakup by End Use Sector:
At present, ice makers find myriad applications in the foodservice sector. This can be attributed to the rise in the frequency of eating-out at cafes, hotels and restaurants by the urban populace. Regional Insights:
On the geographical front, North America represents the largest market. On assessing the import and export scenario of the market, it is found that the United States represents the largest importer of ice makers, whereas China is the biggest exporter. Competitive Landscape: The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
Some of these players are:
Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Ice Maker Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Price Analysis 5.4.1 Key Price Indicators 5.4.2 Price Structure 5.4.3 Margin Analysis 5.5 Market Breakup by Product Type 5.6 Market Breakup by End Use Sector 5.7 Market Breakup by Region 5.8 Market Forecast 5.9 SWOT Analysis 5.9.1 Overview 5.9.2 Strengths 5.9.3 Weaknesses 5.9.4 Opportunities 5.9.5 Threats 5.10 Value Chain Analysis 5.10.1 Overview 5.10.2 Research and Development 5.10.3 Raw Material Procurement 5.10.4 Manufacturers 5.10.5 Distributors and Exporters 5.10.6 Retailers 5.10.7 End-Use 5.11 Porters Five Forces Analysis 5.11.1 Overview 5.11.2 Bargaining Power of Buyers 5.11.3 Bargaining Power of Suppliers 5.11.4 Degree of Competition 5.11.5 Threat of New Entrants 5.11.6 Threat of Substitutes 6 Market Breakup by Product Type 6.1 Ice Cube Maker 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Ice Flake Maker 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Ice Nugget Maker 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Others 6.4.1 Market Trends 6.4.2 Market Forecast 7 Market Breakup by End Use Sector 7.1 Foodservice 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Retail 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Healthcare 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Residential 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by Region 8.1 North America 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Europe 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Asia Pacific 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Middle East and Africa 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Latin America 8.5.1 Market Trends 8.5.2 Market Forecast 9 Imports and Exports 9.1 Imports by Major Countries 9.2 Exports by Major Countries 10 Ice Maker Manufacturing Process 10.1 Product Overview 10.2 Raw Material Requirements 10.3 Manufacturing Process 10.4 Key Success and Risk Factors 11 Competitive Landscape 11.1 Market Structure 11.2 Key Players 11.3 Profiles of Key Players 11.3.1 Hoshizaki Corporation 11.3.2 The Manitowoc Company, Inc. 11.3.3 Scotsman Industries, Inc. 11.3.4 Whynter LLC 11.3.5 Ice-O-Matic (Mile High Equipment LLC) 11.3.6 Himalyan Equipment Manufacturing Co. (HEMCO) 11.3.7 MaxxIce (The Legacy Companies) 11.3.8 NewAir 11.3.9 Zhejiang Litian Industrial Co. Ltd. 11.3.10 Sunpentown (SPT) Inc. 11.3.11 Changshu Lingke Electric Appliance Co. Ltd. 11.3.12 Cornelius, Inc. For more information about this report visit https://www.researchandmarkets.com/r/hilrty