Press release
Global Commercial Refrigeration Equipment Market Size to Grow at a CAGR of 5.40% in the Forecast Period of 2023-2028
Commercial Refrigeration Equipment Market Size, Share, Price Trends, Industry Report, Key Players, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 42.8 billion
• Forecast CAGR (2023-2028): 5.40%
• Forecast Market Size (2028): USD 58.3 billion
The market for commercial refrigeration equipment is primarily driven by the thriving global network of restaurants, supermarkets, and fast-food chains, which are expected not to compromise when it comes to quality of the food items, besides ensuring that the nutritional value of the stored food is intact. Introduction of new items on the menus of restaurants, like seafood and food items requiring cold-storage units to lock their freshness, has created a boom in the commercial refrigeration equipment market.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/commercial-refrigeration-equipment-market/requestsample
Due to the growing population of working people, there has been a steep increase in the sales of frozen and processed foods, owing to which the commercial refrigeration equipment market has witnessed a tremendous growth. Promotional activities and showcase of tempting frozen foods in the supermarkets have been attracting consumers from all the age groups. The dairy sector is also projected to capture a sizeable portion of this market as dairy items like milk and cheese have lesser shelf life and thus require cold-storage units to remain fresh.
In order to gain a competitive edge in the expanding commercial refrigeration equipment market, the market players are aiming to enhance temperature control systems for prolonged freshness of food items. To prevent wastage of food and ensure that the nutrient content is intact, manufacturers have been emphasising the use of blast chillers, that help to freeze the food items for future use.
Commercial Refrigeration Equipment Industry Definition and Major Segments
Commercial refrigeration equipment refers to equipment that helps in freezing large volumes of commercial products, while retaining their nutritional value. This equipment is used to store frozen-food items, seafood, and various other packaged food items on a large scale, like in restaurants, supermarkets and convenience stores.
On the basis of product, the market is classified into:
• Refrigerator and freezer
• Refrigerated display case
• Transportation refrigeration
• Beverage refrigeration
• Ice merchandisers and ice vending equipment
• Others
Based on system type, the market is bifurcated into:
• Self-contained
• Remotely operated
On the basis of application, the market is segmented into:
• Hotels and restaurants
• Supermarkets and hypermarkets
• Convenience stores
• Bakeries
• Others
Based on region, the market is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/commercial-refrigeration-equipment-market
Commercial Refrigeration Equipment Market Trends
Increasing youth population who enjoy carbonated drinks and packed food items, as well as the rising disposable income of people have been two of the prime reasons for the increasing sales of refrigeration equipment, ultimately leading to the expansion of commercial refrigeration equipment market. Owing to its benefits of preventing hassle and saving time, switching to processed frozen fruits and vegetables has become a key trend in the market. The growing research and development for producing eco-friendly refrigerators and freezers to minimise the release of CFCs in the atmosphere has been a key indicator of sustainable development.
The demand for imported food items and international food trade is on a rise, increasing the requirement for cold-storage systems. Frozen desserts like ice-cream and gelato have a significant demand amongst the people of all age groups, while frozen meat and seafood have attained a sizeable market, as a result of the growing number of meat-eaters globally. The trend of takeaway and 'sip and go' in the recent times, is one of the many reasons which supports the expansion of this market.
Apart from the food and beverage sector, the commercial refrigeration equipment market has applications have spread to the healthcare sector as well. Freezers and chillers are majorly used in the pharmaceutical industry to store vaccines and medicines. The sales of commercial refrigeration equipment spiked around the outbreak of COVID-19.
Key Market Players
The major players in the global commercial refrigeration equipment market report are Danfoss, Emerson Electric Co., Johnson Controls, Ali Group North America, Electrolux Professional AB, Daikin Europe N.V., Dover Corporation, Hussmann Corporation, and Excellence Industries, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Related Reports
North America Drywall Market: https://www.expertmarketresearch.com/reports/north-america-drywall-market
North America Alternative Proteins Market: https://www.expertmarketresearch.com/reports/north-america-alternative-proteins-market
Middle East and Africa Intravenous Solutions Market: https://www.expertmarketresearch.com/reports/middle-east-and-africa-intravenous-solutions-market
Europe Rainwater Harvesting Market: https://www.expertmarketresearch.com/reports/europe-rainwater-harvesting-market
United States Alternative Proteins Market: https://www.expertmarketresearch.com/reports/united-states-alternative-proteins-market
Incontinence Products Market: https://www.expertmarketresearch.com/reports/incontinence-products-market
Patent Analytics Market: https://www.expertmarketresearch.com/reports/patent-analytics-market
Neuroendocrine Tumours Treatment Market: https://www.expertmarketresearch.com/reports/neuroendocrine-tumours-treatment-market
Hyperphosphatemia Therapeutics Market: https://www.expertmarketresearch.com/reports/hyperphosphatemia-therapeutics-market
Emergency Medical Services (EMS) Vehicle Market: https://www.expertmarketresearch.com/reports/emergency-medical-services-ems-vehicle-market
Media Contact
Company Name: Claight Corporation
Contact Person: Sophia Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Commercial Refrigeration Equipment Market Size to Grow at a CAGR of 5.40% in the Forecast Period of 2023-2028 here
News-ID: 2943727 • Views: …
More Releases from Expert Market Research
Bed and Bath Linen Market Trends, Growth & Forecast 2025-2034
The global bed and bath linen market is witnessing strong growth due to increasing consumer focus on home décor, comfort, and luxury. Rising disposable incomes, urbanization, and the booming hospitality sector are further boosting demand for premium-quality bed sheets, pillowcases, towels, and bathrobes. Technological innovations in fabrics, such as antimicrobial, wrinkle-resistant, and sustainable textiles, are shaping consumer preferences. In addition, the expansion of online distribution channels has made luxury and…
Global Fruit Juice Market Size, Report and Forecast 2025-2034
The latest report from Expert Market Research titled, "Global Fruit Juice Market Size, Report and Forecast 2025-2034," offers a comprehensive analysis of the global fruit juice market, examining it across various segments such as types, flavours, distribution channels, and key regions.
The report identifies and tracks the latest trends shaping the industry and evaluates their impact on the overall market dynamics. It also provides a thorough assessment of the market, covering…
Global Fluorspar Market Forecast 2025-2034: Growth, Trends, and Key Insights
According to the latest report by Expert Market Research (EMR), the global Fluorspar Market Size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is expected to experience significant growth by 2034, driven by the increasing demand for fluorspar across industries such as manufacturing, chemicals, and metallurgy.
Fluorspar, also known as fluorite, is a key industrial mineral composed of calcium fluoride (CaF2). It is crucial…
Why will smart pulse oximeters market hit $3.50Bn by 2034?
smart pulse oximeters market Overview
The smart pulse oximeters market has become a pivotal part of modern healthcare infrastructure, especially in the wake of increasing cardiovascular and respiratory ailments. These technologically enhanced devices measure blood oxygen saturation and pulse rate, often offering wireless connectivity to mobile apps for better health tracking. Their growing application in hospitals, ambulatory settings, and home healthcare environments reflects the market's evolving dynamics. Key drivers include the…
More Releases for Market:
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb …
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report…
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M …
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion.
This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,…
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma …
Market Overview:
The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,…
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
