Commercial Refrigeration Equipment Market to Cross US$ 55.21 Bn by the end of 2028

Commercial Refrigeration Equipment Market to 2028

According to this market analysis and forecasts, global demand for Commercial Refrigeration Equipment is expected to grow with increase in the number of retail stores and also growing preference of people towards quick service restaurants. The global beverage refrigeration equipment market is expected to reach a market value of over US$ 55.21 Bn by the end of 2028, growing at a value CAGR of 5.9% during the forecast period.

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The commercial refrigeration equipment market is a growing industry that is driven by the increasing demand for cold storage and the need to keep food and other perishable items fresh and safe. Commercial refrigeration equipment is used in a variety of settings, including supermarkets, restaurants, hotels, and hospitals, to store and preserve food and other perishable items. These systems are available in a range of sizes and styles to suit different needs, and they can be used to store and preserve a wide variety of items, including fruits and vegetables, meats and fish, dairy products, and beverages.

Key Companies- 

• Panasonic Corporation
• Dover Corporation
• Frigoglass SAIC
• AHT Cooling System GmbH
• Powers Equipment Company, Inc.
• Beverage Air Corporation
• MF Refrigeration Limited
• Perlick Corporation
• Skope Industries Limited
• QBD Modular Systems Inc.
• Metalfrio Solutions, Inc.
• Manitowoc Company, Inc.
• LINDR.CZ.s.r.o.
• Cornelius Beverage Technologies Limited
• True manufacturing
• Hoshizaki Lancer Pty Ltd
• Others

One of the major drivers of the commercial refrigeration equipment market is the growth of the food and beverage industry. As more and more people eat out or grab a quick snack on the go, the demand for cold storage has increased, leading to a greater need for efficient and effective refrigeration equipment. In addition, the rise of specialty and premium food products has led to an increase in the variety of items that need to be stored and preserved, further boosting the demand for commercial refrigeration equipment.

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Another factor contributing to the growth of the commercial refrigeration equipment market is the increasing focus on energy efficiency and sustainability. Many businesses are looking for ways to reduce their energy consumption and lower their carbon footprint, and choosing energy-efficient refrigeration equipment is one way to do this. In addition, the development of new technologies, such as natural refrigerants and smart controls, is making refrigeration equipment more efficient and environmentally friendly.

The market for commercial refrigeration equipment is expected to continue growing in the coming years, driven by factors such as the increasing demand for cold storage and the focus on energy efficiency and sustainability. In addition, the development of new technologies and materials, such as advanced insulation and LED lighting, is expected to improve the performance and efficiency of these systems, further boosting their popularity.

Overall, the commercial refrigeration equipment market is a dynamic and growing industry that offers a wide range of opportunities for companies and investors. As more and more businesses turn to these systems to store and preserve food and other perishable items, the demand for high-quality, efficient commercial refrigeration equipment is expected to continue growing.

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Commercial Refrigeration Equipment Market: Segmental Analysis

• Based on product type, soda fountain segment holds the maximum market share as compared to other product type segments. However, beer dispensing equipment is expected to grow at a relatively high value CAGR of 4.7% during the forecast period

• Based on end-use, food service is expected to lead with a market value of over US$ 3,300 Mn by the end of 2025. However, food and beverage retail segment is expected to register a higher CAGR throughout the period of forecast

• With respect to region, North America has the highest market share of over US$ 1,800 Mn by the end of 2025. Moreover, the beverage refrigeration equipment is expected to witness high demand from Asia Pacific. The beverage refrigeration equipment market in Asia Pacific region is projected to grow at a higher pace throughout the forecast period.

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