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Commercial Refrigeration Equipment Market Size, Top Key Players, Latest Trends, Regional Insights, And Global Industry Dynamics By 2032

08-28-2023 03:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Refrigeration is the process of removing excess heat from a source or a material to the surrounding environment to maintain the temperature lower than its surrounding. Commercial refrigeration equipment are used for preserving food such as vegetables, fruits, meat, and other similar products by maintaining a temperature of 30C to -40C and increasing the shelf life of the product. Relatively larger share of the market for refrigerators is expected to be accounted in the near future due to replacement of existing equipment through energy efficient and sustainable technology equipment. In addition, some refrigeration equipment are specially designed to rapidly reduce the temperature of hot food from around 90C to as low as 30C, in a short time period to eliminate the threat of bacterial proliferation.

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The demand for frozen & chilled products among the consumers have increased due to change in lifestyle and rapid urbanization. In addition, rapid growth in the organized retail sector, such as increase in number of hypermarkets and supermarkets, further boosts the overall sales of commercial refrigerators; thereby leading to the growth of the market. However, high installation cost associated with commercial refrigerators and decline in the replacement rates for commercial refrigeration equipment hamper the market growth. Conversely, advancements in technology and rise in the number of quick service restaurants are expected to provide numerous opportunities for the market growth.

The global market is segmented based on type, end user, and geography. Based on type, it is classified into blast chiller, refrigeration, freezers, ice making, work top & under-counter refrigerators, and prep tables. Based on end user, it is categorized into food processing industry and food service industry (full service restaurant & hotels, quick service restaurants, and catering services). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report include, Hussmann, Imbera Foodservice, AHT Cooling System GmbH, Daikin, Master-Bilt, Middleby, Nor-Lake, Voltas, Welbilt, Panasonic, Tecumseh, and Williams Refrigeration.

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Key Benefits

• This report provides an extensive analysis of the current trends and future dynamics of the global commercial refrigeration equipment market.
• In-depth analysis of the industry is provided based on the market estimations of key market segments.
• The report provides quantitative analysis of the industry along with current trends and future estimations to identify the prevailing market opportunities.
• Competitive intelligence of the industry assists to understand the competitive scenario across geographies.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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