Press release
Global Commercial Refrigerator and Freezer Market - Industry Trends and Forecast to 2029
The commercial refrigerator and freezer market is expected to witness market growth at a rate of 7.00% in the forecast period of 2022 to 2029. Data Bridge Market Research report on commercial refrigerator and freezer market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. Rapid urbanization is escalating the growth of commercial refrigerator and freezer market.
Commercial refrigeration is defined as the process that includes removal of excess heat from a source or a material for maintaining the temperature lower than its surrounding. Commercial refrigerators and freezers are utilized for preserving food such as fruits, meat, and vegetables, among others.
The high demand for frozen and processed food across the globe acts as one of the major factors driving the growth of commercial refrigerator and freezer market. The rapid expansion of the tourism and hospitality sector and increase in demand for the refrigeration of frozen foods owning to the notable increase in international food trade accelerate the market growth. The rise in preference of end-customers to takeaway meals, and rapid improvements in technologies such as ammonia absorption systems and liquid-vapor compression further influence the market. Additionally, surge in the disposable income of people, increase in food expenditure, change in lifestyle and rise in health-conscious consumers positively affect the commercial refrigerator and freezer market. Furthermore, rise in need to effectively control and monitor the environment of a commercial kitchen extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, stringent regulations regarding the use of fluorocarbon refrigerants are expected to obstruct the market growth. The complications with cold storage supply channel is projected to challenge the commercial refrigerator and freezer market in the forecast period of 2022-2029.
This commercial refrigerator and freezer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on commercial refrigerator and freezer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Commercial Refrigerator and Freezer Market Scope and Market Size
The commercial refrigerator and freezer market is segmented on the basis of product type, door type, freezer location, distribution channel and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• On the basis of product type, the commercial refrigerator and freezer market is segmented into deep freezers, bottle coolers, storage water coolers, commercial kitchen refrigeration, medical refrigeration, chest refrigeration and others.
• On the basis of door type, the commercial refrigerator and freezer market is segmented into single door, double door, side by side door and french door.
• Based on freezer location, the commercial refrigerator and freezer market is segmented into freezer on top, freezer on bottom and freezer less.
• Based on distribution channel, the commercial refrigerator and freezer market is segmented into specialty retailers, department stores, mass retailers/hypermarkets/supermarkets, discount stores and online.
• The end user segment for commercial refrigerator and freezer market includes full service restaurant & hotel, food processing industry, hospitals, retail pharmacies, and quick service restaurants.
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