Core Insights - The demand for ice has surged due to high temperatures, with some ice factories reporting daily sales of 200-300 tons, equating to approximately 2000 to 3000 ice blocks [2] - The global ice machine industry is projected to grow from a market size of 14.48 billion yuan in 2019 to 21.29 billion yuan by 2024, with a compound annual growth rate (CAGR) of 8.0%, and is expected to reach 27.2 billion yuan by 2028 [2] Industry Overview - There are currently 36,800 existing ice-related enterprises in China, with a consistent growth trend in registrations over the past decade [3] - In 2024, it is anticipated that 7,107 new ice-related enterprises will be registered, representing a year-on-year increase of 24.07%, marking the highest registration volume in nearly ten years [3] Recent Trends - In the first half of this year, 7,596 ice-related enterprises have been registered, with 7,445 of these registered in the first half alone, reflecting a year-on-year growth of 180.94% [4] - The majority of new registrations this year are concentrated in the Central China region, contributing nearly 40% to the total, specifically 38.05%, followed by Southwest and East China regions with contributions of 22.48% and 18.41% respectively [5]