Commercial Refrigeration Equipment Market Global Industry Trends, Share, Growth, Opportunity And Forecast 2019-2027


Posted March 5, 2020 by rohit890

Increasing global population, improving economic conditions such as rising GDP & disposable incomes, expanding consumer appliances sector,
 
Market Overview

Increasing global population, improving economic conditions such as rising GDP & disposable incomes, expanding consumer appliances sector, and rapid growth of urbanization, coupled with lifestyle changes have led to considerable demand for frozen foods, ready-to-serve meals and beverages, which in turn is driving growth of the global commercial refrigeration equipment market.

Food Quality Protection Act in U.S., Food Safety Law of the People’s Republic of China, General Food Law Regulation, and Food Quality Policy in EU, are some of the regulatory standards that include directives for quality of food. Moreover, in December 2014, the EU introduced EU fluorinated greenhouse gas (F gas) regulation for phasing out Hydro-fluorocarbons (HFCs) and related product bans. The regulation includes the manufacturing process, service equipment, production, wholesale, and trade of F gas and related products.

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Market Dynamics

Proliferating businesses of frozen food and chilled products and substantial advancements in refrigeration systems are creating a conducive environment for growth of the global commercial refrigeration equipment market. Increasing number of women in the workforce, specifically in the Asia Pacific region, is expected to fuel demand for ready-to-eat food, primarily owing to the lack of the time spent on household activities. However, long product lifecycles and intense competition among manufacturers has led to significant decrease in the overall profit margins of industry participants.

Detailed Segmentation:

Global Commercial Refrigeration Equipment Market, By Product Type:

Transportation Refrigeration

Shipping Container

Trailer

Truck

Refrigerator and Freezer

Walk In

Reach In

Chest

Beverage Refrigeration

Drinking Fountain

Soda Fountain

Beverage Dispensing

Beer Dispensing

Refrigerated Display Cases

Other Beverage Cases

Wine Cases

Ice Machine

Refrigerated Vending Machine

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Key industry participants in the global commercial refrigeration equipment market include United Technologies Corporation, Ingersoll-Rand plc, Johnson Controls Incorporated, Daikin Industries Limited, Dover Corporation, Hussmann Corporation, AHT Cooling Systems GmbH, Ali SpA, Illinois Tool Works Incorporated, Emerson Electric Company, Leer Incorporated, True Manufacturing Company Incorporated, and Whirlpool Corporation among others.

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Issued By rohit
Country India
Categories Advertising , Blogging , Marketing
Last Updated March 5, 2020