Ice Maker Market Size 2022: Share, Industry Trends, Opportunity and Forecast

According to the latest report by IMARC Group, titled "Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global ice maker market size reached a value of US$ 4.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2027, exhibiting at a CAGR of 4.66% during 2022-2027.

An ice maker, or ice generator, is a consumer appliance that is used for producing ice for commercial and residential purposes. It involves condensers, throttle valves, compressors, electric motors, evaporators, and heating elements. It can also be equipped with industrial machines or refrigerators for producing ice on a larger scale. The most popular ice maker variants currently available in the market include modular, built-in, and countertops.  

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Ice Maker Market Trends and Drivers:

The global ice maker market is primarily driven by the increasing product demand across the healthcare sector for storing medicines, organs, and vaccines. Moreover, the surging use of ice makers across the genetic engineering and biotechnology laboratories for storing biological samples is acting as another growth-inducing factor. Furthermore, the growing product demand across the food and beverage (F&B) industry for cooling various beverages is accelerating the market growth. This is further supported by the increasing number of bars, cafes, and restaurants serving multiple alcoholic and non-alcoholic drinks, which, in turn, has inflated the global sales of ice makers. Additionally, key market players are heavily investing in introducing novel product variants with innovative features, which is further creating a positive outlook for the market. 

Ice Maker Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global ice maker market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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 Market Segmentation:

The report has segmented the global ice maker market on the basis of product type, end use sector and region.

Breakup by Product Type:

Ice Cube Maker
Ice Flake Maker
Ice Nugget Maker
Others

Breakup by End Use Sector:

Foodservice
Retail
Healthcare
Residential
Others

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/ice-maker-market

Key highlights of the report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.