The global Commercial Refrigeration Equipment Market size was valued at USD 37.25 billion in 2021 growing at a CAGR of 7.2% from 2022 to 2032. The commercial refrigeration equipment market is fast popularity owing to the augmented demand for the refrigeration of food and beverage products and the rising applications in elements and pharmaceuticals, the hospitality sector, and several others.
The driving factor of the Commercial Refrigeration Equipment Market are:
- Growth Of Food Retail in Developing Countries
- Demand For Ready-To-Eat Products
- Beverages And Frozen Food
- Energy Efficiency Enhancement of Commercial Refrigeration Equipment
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Key Highlights:
- The global Commercial Refrigeration Equipment Market size was valued at USD 37.25 billion in 2021 growing at a CAGR of 7.2% from 2022 to 2032.
- North America dominated the market in 2021
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032
Key Players
The Commercial Refrigeration Equipment Market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- Kysor Warren (US)
- A Dover Company(US)
- Hillphoenix
- Hussmann Corporation(US)
- AHT Cooling Systems GmbH (Austria)
- and United Technologies Corporation(US)
- EPTA (Italy)
- Rockwell Industries Limited (India)
- Voltas
- Inc. (India)
The Global Commercial Refrigeration Equipment Market report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Commercial Refrigeration Equipment Market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID-19 impact, the Commercial Refrigeration Equipment Market report also includes the following data points:
- COVID-19 Impact on Commercial Refrigeration Equipment Market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Player’s Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Aviation Fuel Marke
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Scope of the Report:
Market Segment by Type:
- Display Cases
- Walk-in Coolers/Reach-in Coolers
- Beverage Refrigeration IFF Software
Market Segment by Application:
- Supermarket
- Hypermarket
- Others
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
North America will lead the market over the estimated period. The existence of noteworthy distribution channels for all retailer groups, high acceptance rates of commercial refrigeration equipment, eco-friendly and energy productivity refrigerant regulation in Canada, and consumers’ augmented purchasing power is boosting the growth of this commercial refrigeration equipment market in the region.
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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