COVID 19 Impact On Global Commercial Refrigeration Equipment Market 2020-2027
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The demand for frozen & chilled products among the consumers have increased due to change in lifestyle and rapid urbanization. In addition, rapid growth in the organized retail sector, such as increase in number of hypermarkets and supermarkets, further boosts the overall sales of commercial refrigerators; thereby leading to the growth of the market. However, high installation cost associated with commercial refrigerators and decline in the replacement rates for commercial refrigeration equipment hamper the market growth. Conversely, advancements in technology and rise in the number of quick service restaurants are expected to provide numerous opportunities for the market growth.
The global market is segmented based on type, end user, and geography. Based on type, it is classified into blast chiller, refrigeration, freezers, ice making, work top & under-counter refrigerators, and prep tables. Based on end user, it is categorized into food processing industry and food service industry (full service restaurant & hotels, quick service restaurants, and catering services). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players profiled in the report include, Hussmann, Imbera Foodservice, AHT Cooling System GmbH, Daikin, Master-Bilt, Middleby, Nor-Lake, Voltas, Welbilt, Panasonic, Tecumseh, and Williams Refrigeration.
This report provides an extensive analysis of the current trends and future dynamics of the global commercial refrigeration equipment market.
In-depth analysis of the industry is provided based on the market estimations of key market segments.
The report provides quantitative analysis of the industry along with current trends and future estimations from 2017 to 2023 to identify the prevailing market opportunities.
Competitive intelligence of the industry assists to understand the competitive scenario across geographies.
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