The market size for refrigerated show-cases and counters with refrigerating units or evaporators for frozen food storage in the UK saw a fluctuating trend from 2013 to 2023. By the end of 2023, it stood at 99.127 million euros. The period witnessed a series of ups and downs, with notable increases in 2017 and 2018, as well as declines in 2014 and 2015. Over the last two years, the market value experienced modest growth, with slight year-on-year increases of approximately 0.51% in 2023 following a similar trend in 2022, while the compound annual growth rate (CAGR) over the last five years indicates a slight decline of -0.99%.
Future trends to watch for:
- Innovation in energy-efficient refrigeration technologies aligning with sustainability goals.
- Increasing demand for temperature-controlled supply chains affecting market dynamics.
- Expansion of e-commerce in grocery affecting the demand and design of refrigerated storage solutions.
