According to Arizton research, the global ice storage bins market was valued at USD 1.14 billion in 2024 and is expected to reach USD 1.47 billion by 2030, growing at a CAGR of 4.27% during the forecast period.
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Report Summary:
Market Size (2030): USD 1.47 Billion
Market Size (2024): USD 1.14 Billion
CAGR (2024-2030): 4.27%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Largest Region (2024): North America
Market Segmentation: Storage Capacity, Application, Distribution Channel, Geography
Geographic Analysis: North America, Europe, Apac, Latin America, And Middle East & Africa
Chilling Smarter: Why Eco-Friendly Ice Storage Is Trending in Market
As businesses and consumers sharpen their focus on sustainability and operational efficiency, the ice storage bins market is experiencing a strong shift toward energy-efficient solutions. Traditional ice storage methods are often costly and energy-intensive, creating a strong demand for innovative, low-energy storage systems. Industry leaders like SEMCO, HOSHIZAKI, ITV Ice Makers, Scotsman Ice Systems, and Follett Corporation are meeting this demand by offering solutions that cut operational costs, support corporate sustainability goals, and resonate with eco-conscious consumers. In today’s market, adopting energy-efficient ice storage is not just smart business, it’s a step toward a greener, more responsible future.
Coldplates vs. Traditional Ice Bins: Direct Cooling Cuts Energy Use & Costs
Coldplate technology is transforming the ice storage market by outperforming traditional air- and water-cooled systems with direct contact cooling. This approach reduces energy use, lowers operational costs, and improves overall efficiency, making it a cost-effective and sustainable solution for businesses. Its versatility allows customization for different ice bin sizes and applications, making it suitable for both small-scale operators and large commercial establishments. With increasing focus on sustainability and regulatory compliance, coldplate technology supports eco-friendly ice production, lowers energy consumption, and enables the use of alternative refrigerants, establishing it as a key driver of market growth.
Ice Storage Bins Power the Expanding Needs of Hospitals Industry
The healthcare sector drives strong demand for efficient ice storage solutions, as hospitals, laboratories, and research facilities rely on ice for patient care, staff needs, and temperature-sensitive medical supplies. Ice storage bins are critical for preserving vaccines, medications, biologics, and biological samples, ensuring operational reliability and compliance with strict temperature standards. Rising investment in vaccinations, personalized medicine, and biopharmaceutical research is fueling the need for scalable, flexible, and precise cold storage. Furthermore, addressing the evolving storage requirements of modern healthcare, ice storage bins are emerging as a key growth segment in the medical and pharmaceutical equipment market.
Ice Storage Bins Market Regional Highlights: From North America Led to APAC Surge
North America leads the global ice storage bins market, holding over 29% in 2024, driven by strong industries in healthcare, technology, and food services. Europe’s demand is shaped by sustainability trends and a vibrant hospitality sector, including cafes, bars, and outdoor events. In APAC, rapid growth in manufacturing, e-commerce, and technology, coupled with a rising middle class, fuels market expansion across China, Japan, India, and South Korea. Latin America sees growth from tourism, nightlife, and warm climates in cities like Rio de Janeiro and Mexico City, while the MEA region experiences rising demand from hot climates, hospitality, and healthcare facilities in countries such as the UAE and Saudi Arabia.
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Key Company Profiles
- Ali Group
- FOLLETT PRODUCTS
- Hoshizaki Corporation
- ITV Ice Makers
- Manitowoc Ice
Other Prominent Company Profiles
- Atosa USA
- Blizzard
- Blue Air
- COOLLINE
- Direct Catering Products
- Elanpro
- Howe Corporation
- KOLD-DRAFT
- KROWNE
- Maidaid Halcyon
- Marmon Foodservice Technologies
- Maxx Ice
- MVP Group
- Omcan
- SEMCO
- SIMAG
- ThermoJinn
- Trufrost and Butler Pvt. Ltd.
- Ziegra Ice Machines
Market Segmentation & Forecast
Storage Capacity
- 200-500 LBS
- 500-1000 LBS
- Greater than 1000 LBS
Application
- Food & Beverage
- Hospitality
- Industrial Processes
- Others
Distribution Channel
- Offline
- Online
- Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
APAC
- China
- Japan
- India
- South Korea
- Australia
Latin America
- Brazil
- Mexico
- Argentina
- Chile
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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What Key Findings Will Our Research Analysis Reveal?
- How big is the global ice storage bins market?
- What is the growth rate of the global ice storage bins market?
- What are the significant trends in the ice storage bins market?
- Which region dominates the global ice storage bins market share?
- Who are the key players in the global ice storage bins market?
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