The North America Ice Maker Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
In industrialized economies like the United States, the energy efficiency of ice maker is becoming a crucial element in determining their market share. In addition, customers are becoming more conscious of the significance of improving the energy efficiency of food equipment, which can result in lower running costs for equipment such as ice machines.
The main components of an ice maker are the condenser, throttle valve, evaporator, and compressor. The purpose of the compressor is to cold compress low-pressure vapor into high-pressure refrigerant vapor and then deliver it to the condenser. The condenser subsequently transforms the high-pressure vapor into a high-pressure liquid. After condensation, the high-pressure liquid is discharged via the throttle valve as a low-pressure liquid. The liquid is subsequently sent toward the evaporator. At the evaporator, heat is exchanged, resulting in ice formation.
The region will continue to see high customer acceptability for ready-to-drink beverages due to the health advantages of consuming organic and vegan ready-to-drink beverages. In addition, the popularity of recreational sports, physical activities, and rigorous gym exercises also contributes to increased demand for sports beverages and energy drinks. Due to a growing government drive to encourage college and high school students to actively participate in various sports, the trend is projected to continue over the future years as well. Thus, the region's rising demand for frozen meals and ready-to-drink beverages is expected to help expand the ice maker market in North America.
The US market dominated the North America Ice Maker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $778.1 Million by 2028. The Canada market is poised to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.4% during (2022 - 2028).
Based on Application, the market is segmented into Food Service, Food Processing, Healthcare, Retail Outlets and Others. Based on Product Type, the market is segmented into Modular, Undercounter, Countertop and Ice Dispensers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Ice Maker Market is Predict to reach $3.1 Billion by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MiddleBy Corporation, Hoshizaki Corporation, Manitowoc, Inc. (Pentair plc), U.S. Ice Machine Manufacturing Co., A & V Refrigeration, Ali Group S.r.l., Cornelius, Inc. (Marmon Foodservice Technologies, Inc.) (Berkshire Hathaway, Inc.), Howe Corporation, North Star Ice Equipment Corporation and Whynter LLC.
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