Commercial Griddle Market to grow at a CAGR of 5.88% during 2024-2028
The Commercial Griddle Market is expected to grow at a CAGR of 5.88% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 481.68 million. Commercial griddles are essential equipment for foodservice establishments, providing high production efficiency with minimal operating costs. Manufacturers, such as Illinois Tool Works Inc.'s Vulcan, Garland Group, and MagiKitchn from The Middleby Corp., prioritize energy savings in their commercial griddle offerings. Their ENERGY STAR-certified griddles, like Vulcan's EGF series electric griddles and Garland Group's single- and double-sided gas griddles, contribute significantly to the profitability of foodservice operations by reducing energy consumption. AccuTemp Products also offers ENERGY STAR-certified commercial griddles in their EGF, GGF, and PGF series.
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Technavio analysts predict that the Gas griddle subsegment will lead the Product segment during 2024 and 2028 In the commercial electric griddle market, the efficiency and durability of griddle plates are crucial factors. Thicker heat plates, which house the heating element beneath, offer several advantages. The food is cooked evenly as heat is transferred from the plate to the dish. Thicker griddle plates can maintain consistent temperatures, ensuring that food stays warm for extended periods. This feature enhances productivity, enabling the preparation of a larger volume of food items within a given timeframe compared to thinner griddle plates. The choice of griddle plate thickness depends on the specific requirements of the commercial kitchen, with thicker plates being more suitable for high-volume operations and continuous heating and cooling cycles.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish growing focus on enhancing production efficiency in commercial kitchens
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The Commercial Griddle Market is witnessing significant growth due to the increasing demand for automation in clinical laboratories. Mislabelling, contamination, and handler-induced variability are common challenges in manual laboratory processes. To address these issues, automated processes are being adopted, which include machine learning algorithms for data evaluation and experimental data capture. Automation benefits include improved safety, traceability, data accuracy, and reproducibility. Automated technologies are being used for sample preparation, liquid handling, and library preparation, reducing the need for manpower and resources. Complex processes, such as clinical diagnostics and research, require high levels of efficiency and throughput, making automation an essential solution. Clinical laboratories are investing in automated systems to ensure data accuracy and reduce repetitive tasks for scientists and lab technicians. Automated workflows enable faster turnaround times and reduce the risk of errors. However, the implementation of automated technologies requires significant upfront investment and ongoing maintenance. Automated processes also help in ensuring data security and compliance with regulatory requirements. Data evaluation and analysis are critical components of automated processes, and machine learning algorithms can help in identifying trends and patterns, improving the overall quality of data. In conclusion, the Commercial Griddle Market is expected to continue growing as laboratories seek to improve efficiency, reduce errors, and ensure data accuracy and reproducibility.
According to Technavio, the global commercial griddle market is a segment of the expansive electrical components and equipment market, which falls under the broader electrical equipment industry. The electrical components and equipment market encompasses organizations involved in the production of electric cables and wires, electrical components, and electrical equipment. The market size for this sector is determined by the consolidated revenue generated by manufacturers of various products, including water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components.
The Commercial Griddle Market is experiencing significant growth, fueled by the growing focus on enhancing production efficiency in commercial kitchens. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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