Mini Cold Storage systems are generally used for the storing agriculture products, animal husbandry products, processed food, pharmaceuticals etc. The Global Mini Cold Storage Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of the Global Mini Cold Storage market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Mini Cold Storage Market Analysis, 2020”, the Global Mini Cold Storage market is anticipated to grow at a CAGR of around ~10% during 2020-25. The escalating rate of wastage in fruits and vegetables annually owing to the lack of proper cold chain infrastructure in countries such as India, an accelerating demand for chilled and frozen foods worldwide, and emerging retail sector in the developing countries such as India and China are key factors promulgating the demand for mini cold storage in the forecast period. For instance, India witnesses upto 16% of its agricultural products such as fruits and vegetables being wasted every year due to lack of cold chain and proper storage facility.
Solar Mini Cold Storage Registered the Fastest Growth
Based on Power Source, solar power mini cold storage accounted for the larger portion in the Global Mini Storage market share in 2019 due to the surging demand for the cold storage which helps in reducing the power cost and maintain quality while keeping the products fresher for longer time. In emerging countries such as India, a substantial surge in the demand for solar mini cold storage has been witnessed across urban and rural areas. A large number of companies are also entering the market with new versions of the solar mini cold storage, thus it is anticipated to contribute extensively toward the market growth of mini cold storage globally as stated in the MarkNtel Advisors’ research report “Global Mini Cold Storage Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Mini Cold Storage market include Advance Agro Ripe, Ahata, Uma Puf Panel, Transking, Ecozen, Blue Star, Onlykem, Darwin Chambers, Koldtech, Hengel, Sveiki Construction, Wjkenyon, Dana Group, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Mini Cold Storage Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Mini Cold Storage Market during 2020-25?
A. The growth rate of Global Mini Cold Storage Market during 2020-25 is forecast to be around ~10%.
Q. Who are the key competitors or players operating in Global Mini Cold Storage Market?
A. Advance Agro Ripe, Ahata, Uma Puf Panel, Transking, Ecozen, Blue Star, Onlykem, Darwin Chambers, Koldtech, Hengel, Sveiki Construction, Wjkenyon, Dana Group etc., are few of the leading players in the Global Mini Cold Storage Market.
Q. Which Power source segment would emerge as an opportunity area for players in Global Mini Cold Storage Market?
A. Solar power source segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Mini Cold Storage Market?
A. The APAC grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Mini Cold Storage Market.