Cold storage construction market
Cold storage is mainly used for the preservation of perishable products, making them durable for longer. A range of coolers and freezers are available to maintain a temperature-controlled environment, and have a number of applications in the medical, industrial, food and beverages, and chemical fields.
The major factors responsible for growth of the cold storage construction market include the high demand for the perishable food products across the globe, high tech innovations in refrigeration and cold storage processes, and transport.
Governments are generating awareness among the public and food producers about food wastage, motivating them to obtain cold storage construction systems that are expected to drive the global market. However, the size and cost of the large cold storage equipment and also the cost of the materials used for the storage processes may hinder the growth.
The global cold storage construction market is divided based on the application, type, and region:
- The application segment is categorised into; chemicals, medical products, and food and beverages.
- The type segment is categorised into; bulk stores, ports, production stores, and others.
- Regional segmentation includes; Europe, Asia-Pacific, the Middle East and Africa, North America, and Latin America.
Asia-Pacific is expected to lead the global cold storage construction market due to increasing demand for cold storage construction in developing regions such as India and China, and also rising per capita income expenditure. The development of cost-effective and innovative cold storage construction equipment in the Asia-Pacific region will also help the global market growth.
The major players dominating the global cold storage construction market in terms of revenue and development are; Lineage Logistics Holding LLC, AmeriCold Logistics, Nichirei Logistics Co. Ltd., Burris Logistics, and Preferred Freezer Services.
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