Global Commercial Refrigeration Equipment Market Research Report: Information by Equipment Type (Display Cases, Walk-in Coolers, Beverage Refrigeration, Ice Making Machineries, Parts and others), by Application (Food Manufacturing Industries, Hyper Markets, Super-Markets and others) and Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025
Commercial refrigeration in this report refers to the refrigeration equipment and design used for the commercial retail and storage for large supermarkets, hypermarket, restaurants convenience store and others.
The global commercial refrigeration equipment market is poised to grow over USD 54.59 billion by 2025 at an estimated CAGR of 5.98% through the forecast period.
The major drivers of commercial refrigeration equipment markets are surging urbanisation in developing countries coupled with the development of organised retail commercial refrigeration equipment market, increasing market for ready-to-eat products, beverages and frozen food, and continuously improving power consumption rating of commercial refrigeration equipment.
The consumption of ready to eat products, beverages and frozen food has increased considerably in emerging countries over the past few years.
The changed food consumption trend is being supported by the rapid expansion ofsupermarket, hypermarket and food and restaurant chains around the world.
The global commercial refrigeration equipment market is expected to grow at a CAGR of 6.4% during the forecast period with its market size predicted to reach USD 64.0 billion by 2024.
Among all these segments, walk-in coolers hold the largest share in the market since walk-in coolers help the users in reducing operating costs, convenience and flexibility.
Furthermore, these coolers are considered to be most efficient alternative for reducing electricity cost and helps in keeping food fresh for longer time span.Insight by ApplicationThe commercial refrigeration equipment market on the basis of application is segmented into food and beverage distribution, food service, food and beverage retail and others.
The growth of the market for this application is attributed towards increasing utilization of food service refrigeration equipment in ensuring quality of food from the supplier to the consumer.Insight by End UserOn the basis of end-user, the commercial refrigeration equipment market is segmented into hotels/restaurants & catering, convenience stores, supermarkets, hypermarkets, e-commerce, and others.
Among these segments, supermarkets are the largest end-user of refrigeration equipment in commercial application since this system helps in gaining expertise in order to meet efficiencies in energy requirement and helps in reducing carbon footprints without comprising the performance of an organization.Request for Report Discount: http://marketgrowthanalysis.com/reports/enquiry/289Industry DynamicsIndustry TrendsIncreasing utilization and demand for refrigeration systems in various grocery stores, supermarkets, convenience stores and specialty food stores are the key trends observed in the commercial refrigeration equipment market across the globe.
Natural refrigerants are those which serve as refrigerants in the refrigerator and do not contain synthetic chemicals.
