Commercial Refrigeration and Freezing Equipment market was valued at US$ 17400 million in 2022 and is anticipated to reach US$ 23610 million by 2029, witnessing a CAGR of 4.4% - valuates reports

The global Commercial Refrigeration and Freezing Equipment market was valued at US$ 17400 million in 2022 and is anticipated to reach US$ 23610 million by 2029, witnessing a CAGR of 4.4% during the forecast period 2023-2029.

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Commercial refrigeration and freezing equipment is a variety of equipment (food preservation, freezing, refrigeration and beverage preservation, display and sales) used in commercial service places (hotels, nightclubs, bars, cafes, restaurants, disco, KTV, yachts, schools, laboratories, hospitals and other special application places).
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
China's demand for commercial refrigeration and freezing equipment is expanding, with sales in the country expected to grow 33.33 percent in 2026 compared with 2019.
In terms of product types, commercial display cabinets are the most favored in the market, accounting for about 56.75% of the market share of commercial refrigeration and freezing equipment in 2019. Commercial refrigerators accounted for 27.43%, followed by ice makers at 4.71%.
From the perspective of application, supermarkets will be the largest part of the market for a long time, accounting for about 46%-48% of the consumption of commercial refrigeration and freezing equipment. Supermarkets, restaurants and entertainment venues accounted for 48.53%, 24.53% and 17.79% respectively in 2019.
Major global manufacturers of commercial refrigeration and freezing equipment include Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, etc. The Top 5 players share nearly 30% of the market and the Top 10 share more than 47%.

This report aims to provide a comprehensive presentation of the global market for Commercial Refrigeration and Freezing Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Refrigeration and Freezing Equipment.
The Commercial Refrigeration and Freezing Equipment market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Commercial Refrigeration and Freezing Equipment market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Segment by Type
Display Cabinets
Refrigerators & Freezers
Ice Machines
Others

Segment by Application
Restaurants
Entertainment
Supermartkets
Others

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