Report Highlights
Global Commercial Refrigeration Equipment Market Analysis
According to Verified Market Research, Global Commercial Refrigeration Equipment Market was valued at USD 32.63 Billion in 2018 and is projected to reach USD 56.16 Billion by 2026, growing at a CAGR of 7.04 % from 2019 to 2026.
What is Commercial Refrigeration Equipment?
A commercial refrigerator is an equipment that provides cold storage for commercial use. It is majorly used in supermarkets, convenience stores, restaurants, and commercial kitchens. Types of commercial refrigeration equipment includes the following: walk-in refrigerators, walk-in freezers and refrigerated casework.
Global Commercial Refrigeration Equipment Market
Growing demand for frozen products, increase in vegan and meat-eating consumers and transport of processed food is growing rapidly due to growing GDP and emerging middle class. Increasing demand for packaged food and beverages and R&D initiatives pertaining to the manufacturing of new drugs require industrial refrigeration equipment. Merging of warehouses and the growth of cold supply chains, rise in organized supermarkets, hypermarkets and food retail chains in emerging economies is creating new market. Manufacturers of industrial refrigeration equipment are focussed on designing environment friendly products that have a greater efficiency. Commercial refrigeration equipment is undergoing an array of advances in more efficient equipment and more sustainable refrigerants.
Global Commercial Refrigeration Equipment Market Competitive Landscape
The “Global Commercial Refrigeration Equipment Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Emerson Electric Company, Carrier Corporation, Danfoss, GEA Group, Heatcraft Worldwide Refrigeration, Daikin, Johnson Controls, Bitzer, Advansor and Baltimore Aircoil Company. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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