COVID19:Global Commercial Refrigeration Equipment Market is expected to escalate over USD 50 billion by 2027

COMMERCIAL REFRIGERATION EQUIPMENT MARKET: Summary

The Global Commercial Refrigeration Equipment Market is expected to escalate over USD 50 billion by 2027 at a CAGR of 5.0% in the forecast period.

Refrigeration is the process used to preserve the perishable good at a lower temperature range by inhibiting the microbial growth leading to product damage. Refrigeration is essential across the residential, commercial and industrial applications. In commercial spaces such as retail outlets, supermarkets, restaurants, hotels, and healthcare facilities refrigerant equipment is used to preserve the food and beverages along with degradable components such as blood, blood derivatives, protein extracts and many more.

COMMERCIAL REFRIGERATION EQUIPMENT MARKET: Drivers & CHALLENGES

Market Driver:

  • Rising Preference Towards Processed Food Products

The global demand for food is increasing along with ongoing advancement and innovation in the food processing technique. With growing economic activity, increase in disposable income and evolving lifestyles especially in the urban area. Moreover, shifting consumer preference to ready to cook products, processed meat, dairy, and frozen foodstuffs owing to busier work-life is driving more attention towards the food preservation through refrigeration equipment. Rise in the small scale food processing especially in the Asia-Pacific region with accessibility to the raw materials, is driving the demand for commercial refrigeration equipment.

Get Sample Copy of This Report @

https://www.forencisresearch.com/commercial-refrigeration-equipment-market-sample-pdf/

  • Expanding Retail Channel

Expansion of the food business across the retail channel through higher adoption of processed and ready to eat products is driving the demand for commercial refrigeration. Increasing foreign direct investment along with favorable economic policies and attractive fiscal incentives in the developing and emerging nations is expanding the presence of organized as well as unorganized retail chains that are driving the demand for commercial refrigeration equipment. Rise in the export of the food products, an outcome of ongoing globalization is increasing the demand for transportation.

Market Restraint:

  • Strict Regulation to Phase Out Use of Refrigerant with Global Warming Potential (GWP)

Some of the prominently used refrigerants such as Chlorofluorocarbon and hydrochlorofluorocarbons are among the key contributors to global warming and greenhouse emissions leading to environmental degradation. However, with time stringent emission regulation are introduced and imposed for reducing or to ban the use of such hazardous chemicals from the refrigeration application. To drag this further, increasing favorable support to undertaking the initiative to phase out the hazardous conventional refrigerant posing higher ability to preserve perishable goods with higher global warming population potential by end of the year 2030 for improving environmental health. Due to the aforementioned factor to phase out efficient yet environmentally unsafe refrigerant is projected to hinder the market growth.

Commercial refrigeration equipment market: Key segments

  • By type, the market is segmented into: Chillers, Freezers and Refrigerators, Beverage Cooler, Ice Machines and Others
  • By application, the market is segmented into: Transport Refrigeration, Food Storage and Medical Facility
  • By geography, the market is segmented into: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Request for Methodology of This Report @

https://www.forencisresearch.com/commercial-refrigeration-equipment-market-request-methodology/

Commercial refrigeration equipment MARKET: Report SCOPE

The report on the commercial refrigeration equipment market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2019

Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million) Volume (Units)

Segments Included

Type and Application

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South Africa

KEY Companies Covered

  • Carrier Corporation/UTC (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Emerson Electric Co.
  • Johnson Controls
  • Danfoss
  • GEA Group Aktiengesellschaft
  • DAIKIN INDUSTRIES, Ltd.
  • Hussmann Corporation
  • Dover Corporation
  • Viessmann Manufacturing Company Inc.
  • ITW FOOD EQUIPMENT GROUP
  • Other Key Companies

Consult with Analyst @

https://www.forencisresearch.com/commercial-refrigeration-equipment-market-consult-with-an-analyst/

Commercial refrigeration equipment MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Commercial Refrigeration Equipment Market, by Type

  • Chillers
  • Freezers and Refrigerators
  • Reach-in Refrigerator and Display cases
  • Chest Freezers and Refrigerator
  • Walk-in Refrigerator
  • Beverage Cooler
  • Ice Machines
  • Others

Commercial Refrigeration Equipment Market, by Application

  • Transport Refrigeration
  • Food Storage
  • Super and Hypermarkets
  • Convenience Stores
  • Commercial Kitchens
  • Others
  • Medical Facility

Commercial Refrigeration Equipment Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Purchase this Premium Industry Research Report with Analysis @

https://www.forencisresearch.com/commercial-refrigeration-equipment-market-purchase-now/

Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET BY TYPE, Market Size in USD Million and Unit (2019–2027)

7 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET BY APPLICATION, Market Size in USD Million and Unit (2019–2027)

8 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET BY REGION, Market Size in USD Million and Unit (2019–2027)

9 Competitive Landscape

10 Company Profiles

11 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: info@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach