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Commercial Refrigeration Equipment Market Size Report, 2024 | Hexa Research PowerPoint PPT Presentation


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The global commercial refrigeration equipment market value is expected to exceed USD 40.87 billion by 2024 growing at an estimated CAGR of over 5.6% from 2016 to 2024. Increasing industrialization and technological development have changed the food patterns coupled with rising specialty food stores, supermarkets, and hypermarkets have been the key factor in driving the industry growth.

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Commercial refrigeration equipment market size report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Commercial Refrigeration Equipment Market Analysis, Size,

Share, Growth, Industry Trends and Forecast to 2024 | Hexa

Research

Globalcommercial refrigeration equipment market is projected to grow at a CAGR of 5.6%

over the forecast period (2016 to 2024). By 2024, market revenues would exceed USD 40

billion. This may be attributed to changing food consumption patterns triggered by rapid

industrialization and technological advancements.

Escalating intake of frozen foods spurs demand for refrigeration of food on a commercial

scale. Innovative technology makes possible remote monitoring of products to check

refrigerant leak, high liquid levels, abnormal system pressures, etc. Increase in specialty

food outlets, hypermarkets, and supermarkets also contribute to a favorable market outlook.

These places are equipped with advanced products like multi-deck display cabinets and

open front cases, having LEDs and proximity sensors.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Commercial refrigeration equipment market size report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Browse Detail Report@

https://www.hexaresearch.com/research-report/commercial-refrigeration-equipment-

market

The market is segmented into products, applications, and regions. Products consist of

beverage refrigeration, refrigerators & freezers, transportation refrigeration equipment,

parts, and others. Beverage refrigeration could rise due to a boom in restaurants across the

globe. Transportation held about 20% of the market in 2015. Zero-emission technologies

and efficient fuel consumption are some of the trends that should propel this segment’s

growth till 2024.

Applications are split into food service, food & beverage retail, food & beverage production,

food & beverage distribution, and others. Food service segment includes food-serving

facilities such as restaurants, schools, supermarkets, and convenience stores. It is

estimated to increase owing to robust demand of cold-storage and cascade refrigeration

system in the food & beverage industry in the coming years.

North America, Europe, Asia Pacific, South America, and MEA (the Middle East & Africa)

constitute the regional markets. North America is expected to witness substantial growth on

account of higher disposable incomes and proliferation of food outlets and retail restaurants.

Europe would benefit from economic revival and an expanding retail sector.

Asia Pacific is likely to grow at a CAGR of 6.6% during the forecast period. Main market

drivers are changing food habits, high processed food exports, rise in horticulture, and rising

purchasing power of the populace.

The global commercial refrigeration equipment market is highly competitive. Key players

encompass Dover Corporation, Carrier Corporation, Illinois Tool Works, Electrolux, and

Johnson Controls. They focus on strategic alliances (mergers, acquisitions, partnerships)

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Commercial refrigeration equipment market size report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

and research & development of novel products to stay competitive. Market entry barriers

include high capital investment, stringent regulatory environment, and increasing research &

development costs.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/hvac-and-construction-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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