Commercial Refrigeration Equipment Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global key players forecast to 2025

Commercial refrigeration is defined as the refrigeration equipment and design that is used for the commercial retail and storage for large commercial entities. Market Research Future (MRFR) has published a research report about the global commercial refrigeration equipment market that reckons boost for this market at 5.1% Compound Annual Growth Rate (CAGR) during a forecast period that would end in 2025.

The solid market driver for the global commercial refrigeration equipment market is the growing number of supermarkets and hypermarkets. Other important market drivers include increased demand for ready to eat food, growing demand of commercial refrigeration systems in commercial systems, increasing food consumption in the emerging economies, and lastly, a growing number of distribution channels.

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The global commercial refrigeration equipment market segmentation has segmented the market into application, product type, and region. The application-based segmentation segments this market into food manufacturing industries, grocery stores, hypermarket, restaurants, and supermarkets. Based on product type, the market is to be segmented into beverages refrigeration, display cases, ice-making machineries, parts, walk-in coolers, and others.

The regional segmentation of the global commercial refrigeration equipment market segments the market into the regional markets known as The Americas (North America & Latin America), Europe, Asia Pacific, and the Middle East & Africa (MEA). In The Americas region, North America is a bigger market than Latin America due to technological advancement, availability of better refrigeration facilities, presence of key market players, and high food subsidization. The fifth contributing to the market growth in North America include increased aftermarket of commercial refrigeration equipment, for example, replacement and repair of the currently used commercial refrigeration units. The last factor is government concern and related regulations in the United States of America (USA) and Canada towards the food safety and use of hazardous refrigerants, such as chlorofluorocarbons (CFCs). In Latin America, the strongest economies that might become important country-specific markets someday are Argentina, Brazil, and Mexico.

In Europe, the key factors of market growth are pretty much the same as in North America. However, due to technological advancements, Western Europe is a more developed market than Eastern Europe. The strongest economies in this region that can be major markets are France, Germany, Italy, Spain, and the United Kingdom (UK).

In the Asia Pacific region, the market is growing due to stable technological advancement and rising disposable income. The significant economies that have the potential of becoming powerful markets in this region are China, India, and Japan. In the MEA region, the market is limited due to limited technological advancement and limited availability of refrigeration facilities.

Key Players

The key players in the global commercial refrigeration equipment market include AB Electrolux (Sweden), AHT Cooling Systems GMBH (Austria), Ali Group S.P.A (Italy), Daikin Industries Ltd (Japan), Dover Corporation (USA), Frigoglass (Greece), Hussmann Corporation (USA), Illinois Tool Works Inc (USA), Johnson Controls (USA), and United Technologies Corporation (USA).

Latest Industry News

True Refrigeration has launched a new technology called True’s temperature control technology that is customizable. This technology can enable gastronorm counters to tick all the boxes for the discernible modern kitchen operator. 2 JUNE 2019

Commercial refrigeration equipment manufacturer Freor has launched a new Coop store in Nieuw-Dordrecht that contains a range of propane cabinets operating with its Hydroloop refrigeration system. 22 MAY 2019

Utility Refrigerator is now set to offer more new features in its products that its competitors offer. These features include Unigrip™ handles and center-locking doors, Standard light-emitting diode (LED) lighting (to save energy and reduce power consumption), clips on shelving (to support greater weights of refrigerated foods), corrosion-resistant heavy-duty stainless steel standards, and drawer (bolted to tough 14-gauge welded door frames). 10 MAY 2019

Air-Conditioning, Heating, and Refrigeration Institute (AHRI) has released March Heating, Cooling Shipment Data that talks about the growing commercial refrigeration equipment markets in one section of its report. 13 MAY 2019

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