The report
"Cold
Storage Construction Market by Storage Type (Production Stores, Bulk
Stores, Ports), Application (Food & Beverages, Medical Products,
Chemicals), and Region (Asia-Pacific, North America, Europe) - Global Forecasts
to 2021"
The global
cold storage construction market is projected to reach USD 10.47 Billion by
2021, at a CAGR of 14.0% from 2016 to 2021. Growth in the trade of perishable
foods globally, technological advancements in refrigerated storage &
transport, and the increase in demand for perishable foods is expected to drive
the growth of the market in the near future.
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A cold storage facility is an installation used to
cool or freeze items that are required to be kept at low temperatures so that
they do not spoil. Such installations have specially designed features, such as
insulated floors, ceilings, walls, and doors to prevent cold leakage. A cold
storage facility is a well-connected warehouse with truck and railroad
platforms, compressor and condenser rooms for a refrigerating system, a cooling
tower, reservoirs and a pumping station for a circulating water supply, and
administration & residential buildings.
Asia-Pacific accounted for the largest share of the
cold storage construction market in 2015 with China, India, and Turkey being
the major markets for cold storage construction in Asia-Pacific. The rise in
the commercial building & construction industry along with the increased
buying capacity of end users is expected to boost the growth of the cold
storage construction market in the region.
Food & beverages was the largest segment of the
global cold storage construction market in 2015, in terms of volume. The growth
of the organized retail sector has provided greater access to diverse and
varied food, thus driving the growth of the cold storage market. Open trade
policies and the emergence of an affluent middle class are other driving
factors in the region.
Key players operational in the
global cold storage construction market include AmeriCold Logistics (U.S.),
Proffered Freezer Services (U.S.), Burris Logistics (U.S.),
Lineage Logistics Holding LLC (U.S.) and Nichirei Logistics Group Inc. (Japan),
among others.
These players have focused on expansions, agreements, and
acquisitions to cater to the diverse needs of customers and expand their
presence in the market and are now focusing on developing products that will
help in reducing fuel consumption.
Preferred Freezer Services (U.S.) is dedicated to
designing, constructing, and operating state-of-the-art warehouses throughout
the United States and Asia. It also has a global existence with cold storages
in both China and Vietnam. The company functions in locations throughout the
United States with facilities in New York, New Jersey, California, Florida,
Georgia, Illinois, Massachusetts, Pennsylvania, Texas, and Virginia.
The
company has achieved an LEED certificate from U.S. Green Building Council for its
facility in Chicago. LEED is a globally recognized green building certification
system developed by the U.S. Green Building Council that verifies cold storages
are built using performance metrics such as energy savings, water efficiency,
CO2 emission reduction, improved indoor environmental quality, and stewardship
of resources & sensitivity to their impacts.
Reference:
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