Press release
Commercial Refrigeration Equipment Market: Key Trends and Strategies for Expansion 2024-2033
Commercial Refrigeration Equipment Market
The commercial refrigeration equipment market size is expected to see steady growth in the next few years. It will grow to $70.67 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to demand from emerging markets, market digitization, rising demand for energy-efficient solutions, adoption of low-gwp refrigerants, smart cooling solutions. Major trends in the forecast period include focus on sustainable practices, rise in cold chain logistics, remote and off-grid solutions, urbanization and small format stores, modularity and flexibility.
Market Overview -
Commercial refrigeration equipment refers to tools used for cold storage in industrial settings.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=3685&type=smp
The Increasing Demand For Frozen & Chilled Products Driving The Commercial Refrigeration Market
The increasing demand for frozen & chilled products from consumers is anticipated to drive the commercial refrigeration market. Preference for frozen & chilled products have increased due to changing lifestyle, accelerated urbanization, and benefits offered by frozen products such as longer shelf life, convenience, reduced food preparation & clean-up time. In 2022, According to the American Frozen Food Institute (AFFI), frozen food sales in the U.S. reached more than $72 billion. This is an 8.6% increase compared to the previous year. Frozen and chilled products are stored in commercial refrigerators in supermarkets, hypermarkets, and refrigerated trucks from where they are bought and transported. This is likely to generate a higher requirement for commercial refrigeration equipment for storing, which propels the growth of the commercial refrigeration equipment market.
Competitive Landscape -
Major companies operating in the commercial refrigeration equipment market report are United Technologies Corporation, Haier Group Corporation, Daikin Industries Ltd., Johnson Controls International plc, Carrier Commercial Refrigeration Inc., Danfoss A/S, Whirlpool Corporation, Illinois Tool Works Inc., Liebherr Group, Emerson Electric Co., AB Electrolux, Dover Corporation, Blue Star Limited, Ingersoll Rand Inc., GEA Group AG, Lennox International Inc., Manitowoc Company Inc., Hussmann Corporation, Traulsen & Company LLC, Ali Group S.r.l., Beverage-Air Corporation, True Manufacturing Co. Inc., Metalfrio Solutions S.A., Frigoglass SAIC, AHT Cooling Systems GmbH, Scotsman Industries Inc., Williams Refrigeration, Master-Bilt Products, Foster Refrigerator, Hoshizaki Corporation, Gram Commercial A/S, Skope Industries Limited, Precision Refrigeration Ltd., Arneg S.p.A.
Incorporation Of Advanced Technologies In Commercial Refrigeration Equipment To Enhance Efficiency And Maintenance
Companies are concentrating on incorporating the latest technologies such as artificial intelligence, 5G, and machine learning into commercial refrigeration equipment for decreasing electrical consumption, improved preventive maintenance, and better customer experience. For instance, in August 2023, Axiom Cloud, a provider of cloud-based solutions for the commercial refrigeration industry, released AI-based early leak detection software. The software was tested at 242 facilities and is designed to help reduce refrigerant leaks and improve energy efficiency.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/commercial-refrigeration-equipment-global-market-report
Key Segments -
The commercial refrigeration equipment market covered in this report is segmented -
1) By Product Type: Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine
2) By Refrigerant Type: Fluorocarbons, Hydrocarbons, Inorganics
3) By Application: Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "
"Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"
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 Commercial Refrigeration Equipment Market: Key Trends and Strategies for Expansion 2024-2033 here
News-ID: 3453502 • Views: …
More Releases from The Business research company
Emerging Sub-Segments Transforming the On-Premises Object Storage Software Marke …
The on-premises object storage software market is on track for substantial expansion as organizations increasingly prioritize secure, scalable data management solutions. With shifting IT strategies and the rising importance of hybrid environments, this sector is expected to play a crucial role in how enterprises handle growing volumes of unstructured data. Let's explore the market's projected growth, leading companies, current trends, and segmentation.
Projected Market Valuation for On-Premises Object Storage Software by…
Automotive Seat Frame Market Overview, Key Trends, and Major Player Analysis
The automotive seat frame market is on track to experience significant growth in the coming years, driven by technological advancements and evolving industry demands. As automotive manufacturers focus on enhancing vehicle comfort, safety, and sustainability, the seat frame sector is poised for substantial expansion and innovation. Below, we explore the market size, key players, emerging trends, and segmentation details shaping this industry.
Anticipated Market Size and Growth Prospects for Automotive Seat…
Emerging Growth Patterns Driving Expansion in the Network Slicing Policy Engine …
The network slicing policy engine market is poised for remarkable expansion as industries increasingly seek advanced network management solutions to support growing digital demands. With the proliferation of 5G and edge computing, this market is set to experience significant developments driven by innovative technologies and evolving enterprise needs. Let's explore the current market size, key drivers, leading companies, trending innovations, and segmentation details shaping this dynamic sector.
Network Slicing Policy Engine…
Competitive Analysis: Leading Companies and New Entrants in the Artificial Intel …
The artificial intelligence-powered robot picker market is on the cusp of remarkable expansion, driven by technological advancements and increasing automation needs across various industries. As companies strive to enhance efficiency and speed in warehousing and logistics, AI-enabled robotic picking solutions are becoming indispensable. Let's explore the market size, leading players, trends, and segments shaping this fast-evolving industry.
Projected Market Size and Growth of the AI-Powered Robot Picker Market
The AI-powered…
More Releases for Refrigeration
All Bay Refrigeration Expands Commercial Refrigeration & Maintenance Services
All Bay Refrigeration continues to strengthen its commitment to reliable and efficient cooling solutions for commercial clients across the Bay Area.
California, United States - All Bay Refrigeration is reinforcing its position as a trusted provider of commercial refrigeration installation, maintenance, and repair services for businesses that depend on consistent cooling performance. The company serves restaurants, grocery stores, and foodservice facilities, offering practical and dependable solutions that help ensure food safety,…
How Commercial Refrigeration Saves Money - Technological Innovations in Commerci …
Commercial refrigeration plays a crucial role in various industries, especially in food service. It involves equipment like the Remote Glass-Door Multideck Display Fridge [https://www.dusung-refrigeration.com/glass-door-multideck-display-fridge-remote-commercial-refrigerator-product/] and the island freezer with big glass window, designed to store perishable goods efficiently. You benefit from these systems as they offer high capacity open vertical refrigerated shelves, ensuring optimal storage. The most efficient island freezer reduces energy consumption, saving you money. By adopting advanced refrigeration…
Innovations in Refrigeration Technology Propel the Commercial Refrigeration Equi …
The "Commercial Refrigeration Equipment 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,…
Commercial Refrigeration Market Is Driving A Billion Dollar Industry, Worth US$ …
Astute Analytica's latest research report provides an extensive overview of the Global Commercial Refrigeration Market, conducting a comprehensive examination of various critical factors, including geographic expansion, market segmentation, competitive dynamics, and other key considerations.
As of 2022, the Global Commercial Refrigeration Market held a valuation of US$ 31.7 billion, with a projected growth to exceed US$ 50.3 billion by 2031. This anticipated expansion is expected to occur at a Compound Annual…
Refrigeration compressor purchase
Refrigeration compressor purchase Compressor selection is the first step in the establishment of a refrigeration system. Choosing a suitable refrigeration compressor can neither have excess power nor insufficient cooling capacity, which can lead to an increase in power consumption. It must be more suitable for the local environment. In this article, the editor will share with you the selection principles of refrigeration compressors.
First: Select the compressor according to the…
Global Magnetic Refrigeration Market, by Application – Industrial Refrigeratio …
Global magnetic refrigeration market has been witnessing growth, owing to several advantages, such as higher efficiency, lower cost, broad temperature range, environmental sustainability, and higher product lifecycle over conventional refrigeration. Increasing environmental concerns over the impact of conventional refrigerants are fueling the demand for alternate refrigeration technologies.
Request free sample report: https://quincemarketinsights.com/request-sample-22717
Magnetic refrigeration technology is utilized for cooling purpose using the magnetocaloric effect, also called adiabatic demagnetization. The innovation is regularly…
