Press release
Commercial Refrigeration Equipment Market foreseen to grow exponentially over 2021-2031 | Dover Corporation, Hussmann Corporation, Excellence Industries, Imbera
Commercial Refrigeration Equipment Market
Commercial refrigeration equipment is used to store and preserve food and other perishable items. This type of equipment is essential for businesses that sell or serve food, as it helps to keep products fresh and safe for consumption. Common types of commercial refrigeration equipment include refrigerators, freezers, and ice machines.
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Key Trends
The key trends in commercial refrigeration equipment technology are energy efficiency, sustainability, and digital connectivity.
Energy efficiency is a top priority for commercial refrigeration equipment manufacturers. Newer models are designed to use less energy, saving businesses money on their utility bills. Sustainability is also a key concern, as businesses look for ways to reduce their environmental impact. Refrigeration equipment that uses natural refrigerants, such as carbon dioxide, is becoming more popular.
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Key Drivers
The key drivers of Commercial Refrigeration Equipment market are:
1. Increasing demand for food and beverage products: The demand for food and beverage products is increasing globally, owing to the growing population and changing lifestyles. This is expected to drive the demand for commercial refrigeration equipment, as these are used for storing food and beverage products.
2. Rising demand from the hospitality industry: The hospitality industry is growing rapidly, owing to the increasing tourism activities. This is expected to drive the demand for commercial refrigeration equipment, as these are used in hotels, restaurants, and cafes.
Key Market Segments
The commercial refrigerant equipment market report is bifurcated on the basis of product type, refrigerant type, application, and region. On the basis of product type, it is segmented into refrigerator & freezer, transportation refrigeration, refrigerated display cases, and others. Based on refrigerant type, it is analyzed across fluorocarbons, hydrocarbons, and inorganics. By application, it is categorized into hotels & restaurants, supermarkets & hypermarkets, and others . Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The commercial refrigerant equipment market report includes players such as Carrier, Daikin Industries, Ltd., Dover Corporation, Hussmann Corporation, Excellence Industries, Imbera, Ojeda Usa Inc., Victory Refrigeration, Whirlpool Corporation, and Zero Zone, Inc.
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