Press release
Commercial Refrigeration Market by Refrigerant Type, Share by Brand, Commercial Refrigeration, Compressors and Leading Players (Daikin, Danfoss, Gea Group, Johnson Controls, Bitzer, Hillphoenix) | Forecast from 2022 to 2029
Based on previous market performance, the Commercial Refrigeration market is expected to reach USD 52.7 billion in size by 2029. With a 4.9% CAGR.Commercial Refrigeration Market Overview:
The adoption of natural refrigerants, improved efficiency, food industry development, rising demand for ready-to-eat food, egg, meat, and other animal-derived food are the major factors driving the Commercial Refrigeration Market.
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One of the primary factors driving the growth of the commercial refrigeration equipment market is the rise in demand for frozen and processed food around the world. The market is growing due to an increase in demand for frozen food refrigeration due to an increase in international food trade and the rapid expansion of the tourism and hospitality industry.
Based on our expert's analysis the players that are leading the market includes: Daikin, Danfoss, Gea Group, Johnson Controls, Bitzer, Hillphoenix, Sum Frigo S.P.A., Emerson Electric Co, Carrier and Henry Technologies and Others.
The whole market is segmented as follows:
Commercial Refrigeration Market by Refrigerant Type, 2020-2029, (In USD Million) (Thousand Units)
Fluorocarbons
Hydrocarbons
Inorganics
Commercial Refrigeration Market by Application, 2020-2029, (In USD Million) (Thousand Units)
Hotels & Restaurants
Supermarkets & Hypermarkets
Convenience Stores
Bakeries
Industry Developments:
In 2021 - Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation were the top four stakeholders, accounting for 20-25 percent of revenue.
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Commercial Refrigeration Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Commercial Refrigeration Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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