Refrigerated Transport Market New Research Explores Size and Competitive Status

1. Refrigerated Transport Market Report Mapping The Trends And Outlook For Next 5 Years Refrigerated Transport Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. Proliferating business of frozen food and chilled products, owing to increasing population in conjunction with improvement in the standard of living among the populace, has led to significant increase in demand for frozen food and related products across the globe. According to Population Reference Bureau, the worldwide population was 7536 million in 2017, and is expected to reach 9846 million by 2050. China, India, and the U.S. are top three populated countries in the world. Furthermore, fast paced lifestyle is shifting customer’s behavior towards adoption of the frozen food. For instance, according to the Coherent Market Insights analysis, in 2015, Europe consumed 5.8 million tons of frozen fruit and vegetables, 3.3 tons of ice cream and frozen desserts, 1.1 million tons of processed meats, 1 million tons of ready meals, and many more frozen products. Request Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/920 Global refrigerated transport market size is expected to witness significant growth in the market during the forecast period (2018–2026). The market growth is majorly attributed to increasing demand for high quality and safety of food products transported internationally as well as in the domestic markets. The high prevalence of various foodborne diseases and disorders such as abdominal pain, vomiting, and diarrhea are expected to propel adoption of refrigerated transport for food distribution, globally, in order to maintain safety and integrity of food products. According to the World Health Organization (WHO), Consumption of contaminated food items can cause over 200 diseases ranging from diarrhea to cancer. Demise due to foodborne diseases is one of the leading cause of deaths globally.

2. Europe refrigerated transport market is expected to witness considerable growth during the forecast period High demand for frozen foods in Europe is a key factor driving growth of the market. Germany, the U.K., and France have the highest demand for frozen foods. According to Coherent Market Insights’ analysis, Germany, the U.K., and France combined accounted for a share of 54% of the Europe frozen food market in 2015. Therefore, increasing adoption of frozen foods is propelling demand for cold supply chain, which in turn is expected to boost growth of the refrigerated transport market in Europe Increasing research & development investment on refrigeration technology for transport is expected to boost the market growth As per Coherent Market Insights, since 2003 to 2008, more than billion US dollars have been invested in hydrogen and fuel cell development, of which US$ 1 billion was invested by private sector and US$ 170 million were invested by public sector, globally. Moreover, in 2018, Department of Energy announced US$ 39 million funding for novel hydrogen and fuel cell technologies research & development. Anticipated topics of the research include ElectroCat, H2@Scale, Innovative Fuel Cell Membrane R&D, and Innovative Reversible, and Liquid Fuel Cell Component R&D Growing need for technological transition from conventional energy sources to efficient renewable ones is the major factor propelling adoption of fuel cells in refrigerated transport. Urban infrastructure includes water supply, traffic control, electricity grid, and others that relies on refrigerated transport systems where it controls function and flows of air. Increasing infrastructural development such as smart cities, smart transportation in emerging economies such as China, India, and Brazil is expected to create a conducive environment for growth of refrigerated transport systems market. For instance, in 2016, government of India initiated 100 Smart Cities Mission, through which it is expected to invest over US$ 15 billion in order to build efficient and effective city management solution and infrastructure by 2020. Hence, increasing infrastructural development is majorly fueling growth of refrigerated transport market. Increasing use of Big Data Analytics across various industry verticals is expected to drive the market growth Conventional energy sources for vehicles such as petroleum, diesel, and natural gas have certain pros and cons. Advantages include easy availability in natural habitat, established infrastructure to run such vehicles, and available designs with improved features. However, the emission of harmful gases and scarcity of resources has put a strain on development of renewable and eco-friendly substitutes and relevant infrastructure development. As per Coherent Market Insights, annually around 90- 95% of transportation sector utilizes liquid hydrocarbons made from fossils as a major source of fuel; however this has caused around 21% of CO2 generation in European Union. Governing bodies of various countries and global giant companies from various sectors such as oil & gas, energy & utilities, and automotive among others have been investing in technological developments in alternative solutions for current resource crisis for conventional energy. One such development which has been proven to be

3. a viable solution is hydrogen cells. Introducing it as a major source of energy involves major changes in any country’s infrastructure for energy and fleet management. Browse Detail Market study @ https://www.coherentmarketinsights.com/market-insight/refrigerated-transport-market-920 Some of the key players operating in the Refrigerated Transport market include United Technologies Corporation, Daikin Industries, Ltd., Ingersoll-Rand plc., China International Marine Containers (Group) Co., Ltd., Schmitz Cargobull Aktiengesellschaft, Utility Trailer Manufacturing Company, Singamas Container Holdings Limited, Hyundai Motor Company, Lamberet SAS, and Wabash National Corporation, Mitsubishi Heavy Industries, Ltd., and Great Dane Trailers, Inc. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr.Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com