Middle East and Africa (MEA) Commercial Refrigeration Equipment Market Outlook With Key Players - Daikin Industries, Ltd., Electrolux, Frigoglass, Dover Corporation, United Technologies, Johnson Controls and AHT Cooling Systems GmbH

Middle East and Africa commercial refrigeration equipment market is expected to reach $4.8 billion by 2023. The market is projected to advance at a CAGR of 7.6% in terms of value, during the forecast period. The growth in the market can be attributed to the development of organized retail in terms of restaurant chain, hypermarkets and supermarkets, and growing demand for ready-to-eat food and beverage.

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On the basis of application, MEA commercial refrigeration equipment market has been categorized into food service, food & beverage retail and food & beverage distribution. Among these, food & beverage retail category accounted for nearly 24% market share.

Development of organized retail pertaining to restaurants, supermarkets, and hypermarkets in developing countries such as Morocco, Algeria, Egypt and South Africa is one of the key growth drivers for MEA commercial refrigeration equipment market. The growth of organized retail can be attributed to increasing urbanization and government support in development of urban areas.

Middle East is expected to register a boost in the retail market in coming years; the region is witnessing increasing investing in infrastructural development, acquiring of new brands, and building strong digital platforms, resulting in transformation of retail landscape of the region. The organized retail sector in Middle East is also displaying consolidation, with projected expansion across U.A.E., Saudi Arabia, and Qatar in the coming years.

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Some of the key players operating in the MEA commercial refrigeration equipment market are Daikin Industries Ltd., AB Electrolux, Frigoglass S.A.I.C., Dover Corporation, United Technologies Corporation, Johnson Controls International PLC, AHT Cooling Systems GmbH, Ali Group S.r.l. a Socio Unico and Illinois Tool Works Inc.

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