Press release
Commercial Refrigeration Market Size Worth US$ 37.2 Billion by 2028 | Growth Rate and Forecast Report
commercial refrigeration Market Report
The global commercial refrigeration market size reached US$ 28.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
What are Commercial Refrigeration?
Commercial refrigeration refers to the specialized refrigeration systems and equipment used in commercial settings, such as restaurants, supermarkets, convenience stores, hotels, and food processing facilities. These systems are designed to store and preserve perishable items at low temperatures, ensuring food safety and extending shelf life. Commercial refrigeration encompasses a wide range of products, including walk-in coolers, display cases, refrigerated storage units, ice machines, and beverage coolers. These refrigeration solutions are essential for businesses in the food and beverage (F&B) industry, enabling them to maintain the freshness and quality of their products while complying with health and safety regulations.
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What are the growth prospects and trends in the Commercial Refrigeration Industry:
At present, the rising consumer demand for convenience foods, ready-to-eat (RTE) meals, and perishable products is catalyzing the demand for efficient and reliable refrigeration systems around the world. With busy lifestyles and a growing preference for on-the-go meals, consumers rely heavily on the availability of fresh and frozen food items. This, in turn, is encouraging businesses in the food retail sector to invest in advanced commercial refrigeration solutions to meet consumer expectations and maintain product quality. Additionally, businesses are increasingly adopting eco-friendly refrigeration systems that utilize advanced technologies to minimize energy consumption and reduce environmental impact, which is bolstering the growth of the market.
Who are the key players operating in the industry?
• AB Electrolux
• Ali Group S.r.l.
• Baltimore Aircoil Company Inc.
• Bitzer SE
• Carrier Corporation
• Daikin Industries Ltd.
• Danfoss A/S
• Dover Corporation,
• Emerson Electric Company
• Haier Inc.
• Johnson Controls
• Panasonic Corporation.
The report has been segmented the market into following categories:
Breakup by Product Type:
• Chest Refrigeration
• Deep Freezers
• Bottle Coolers
• Storage Water Coolers
• Commercial Kitchen Refrigeration
• Medical Refrigeration
• Others
Breakup by End User:
• Full Service Restaurant, Quick Service restaurant & Hotels
• Food Processing Industry
• Hospitals
• Retail Pharmacies
• Supermarket/Hypermarket
• Convenience Stores
• Others
By Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Also Read:
• https://www.digitaljournal.com/pr/news/luxury-fashion-market-report-2023-2028-size-us-294-7-bn-growth-3-60-top-brands-analysis
• https://www.digitaljournal.com/pr/news/farm-equipment-rental-market-size-worth-us-72-9-billion-by-2028-leading-players-industry-analysis-top-driving-factors-and-report
• https://www.digitaljournal.com/pr/news/open-source-intelligence-osint-market-size-to-grow-20-34-by-2028-top-companies-industry-analysis
• https://www.digitaljournal.com/pr/news/electronic-invoicing-market-size-in-europe-estimated-to-grow-21-37-by-2027-imarc-group
• https://www.digitaljournal.com/pr/news/wall-covering-market-size-industry-analysis-2023-28-top-companies-asian-paints-ltd-brewster-home-fashion
• https://www.digitaljournal.com/pr/news/monoclonal-antibodies-market-size-share-forecast-report-2023-2028-top-manufacturers-pfizer-inc-johnson-johnson
• https://www.digitaljournal.com/pr/news/sportswear-market-size-share-demand-trends-2023-2028-top-companies-nike-inc-adidas-ag-fila-inc-puma-se
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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