The North America Ice Maker Market should 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 should 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.
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.
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 should 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.
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.
Scope of the Study
By Application
- Food Service
- Food Processing
- Healthcare
- Retail Outlets
- Others
By Product Type
- Modular
- Undercounter
- Countertop
- Ice Dispensers
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Whynter LLC
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. North America Ice Maker Market by Application
Chapter 4. North America Ice Maker Market by Product Type
Chapter 5. North America Ice Maker Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- 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
- Whynter LLC
Methodology
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About the Ice Maker Market
The Ice Maker market within the context of Household Appliances is a growing sector, with a wide range of products available to consumers. Ice makers are used to produce ice cubes, crushed ice, and other forms of frozen water for use in drinks, food preparation, and other applications. Ice makers are typically found in refrigerators, freezers, and other kitchen appliances, but can also be purchased as standalone units. They are available in a variety of sizes, shapes, and colors, and can be powered Read more
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