May 21, 2021   SOURCE: BusinessWire

Global Ice Maker Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

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. Looking forward, the publisher expects the global ice maker market to exhibit moderate growth during the next five years.

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.

Companies Mentioned

  • Hoshizaki Corporation
  • The Manitowoc Company Inc
  • Scotsman Industries Inc
  • Whynter LLC
  • Ice-O-Matic (Mile High Equipment LLC)
  • Himalyan Equipment Manufacturing Co. (HEMCO)
  • MaxxIce (The Legacy Companies)
  • NewAir
  • Zhejiang Litian Industrial Co. Ltd.
  • Sunpentown (SPT) Inc.
  • Changshu Lingke Electric Appliance Co. Ltd.
  • Cornelius Inc

Key Questions Answered in This Report:

  • How has the global ice maker market performed so far and how will it perform in the coming years?
  • What are the key regions in the market?
  • What has been the impact of COVID-19 on the global ice maker market?
  • Which are the popular product types in the market?
  • What are the major end use sectors in the market?
  • What are the price trends of ice makers?
  • What are the various stages in the value chain of the global ice maker market?
  • What are the key driving factors and challenges in the global ice maker market?
  • What are the import and export trends of the global ice maker market?
  • What is the structure of the global ice maker market and who are the key players?
  • What is the degree of competition in the global ice maker market?
  • How are ice makers manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Ice Maker Market

6 Market Breakup by Product Type

7 Market Breakup by End Use Sector

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

10 Ice Maker Manufacturing Process

11 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/wvv7hf