Press release
Commercial Refrigeration Equipment Market to Cross USD 40.87 Billion by 2024 | Hexa Research
Escalating intake of frozen foods spurs demand for refrigeration of food on a commercial scale. Innovative technology makes possible remote monitoring of products to check refrigerant leak, high liquid levels, abnormal system pressures, etc. Increase in specialty food outlets, hypermarkets, and supermarkets also contribute to a favorable market outlook. These places are equipped with advanced products like multi-deck display cabinets and open front cases, having LEDs and proximity sensors.
The market is segmented into products, applications, and regions. Products consist of beverage refrigeration, refrigerators & freezers, transportation refrigeration equipment, parts, and others. Beverage refrigeration could rise due to a boom in restaurants across the globe. Transportation held about 20% of the market in 2015. Zero-emission technologies and efficient fuel consumption are some of the trends that should propel this segment’s growth till 2024.
Browse Details of the Report @
https://www.hexaresearch.com/research-report/commercial-refrigeration-equipment-market
Applications are split into food service, food & beverage retail, food & beverage production, food & beverage distribution, and others. Food service segment includes food-serving facilities such as restaurants, schools, supermarkets, and convenience stores. It is estimated to increase owing to robust demand of cold-storage and cascade refrigeration system in the food & beverage industry in the coming years.
North America, Europe, Asia Pacific, South America, and MEA (the Middle East & Africa) constitute the regional markets. North America is expected to witness substantial growth on account of higher disposable incomes and proliferation of food outlets and retail restaurants. Europe would benefit from economic revival and an expanding retail sector.
Asia Pacific is likely to grow at a CAGR of 6.6% during the forecast period. Main market drivers are changing food habits, high processed food exports, rise in horticulture, and rising purchasing power of the populace.
The global commercial refrigeration equipment market is highly competitive. Key players encompass Dover Corporation, Carrier Corporation, Illinois Tool Works, Electrolux, and Johnson Controls. They focus on strategic alliances (mergers, acquisitions, partnerships) and research & development of novel products to stay competitive. Market entry barriers include high capital investment, stringent regulatory environment, and increasing research & development costs.
Browse Related Category Reports @
https://www.hexaresearch.com/research-category/hvac-and-construction-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
More information @ www.hexaresearch.com
Contact
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
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 to Cross USD 40.87 Billion by 2024 | Hexa Research here
News-ID: 796508 • Views: …
More Releases from Hexa Research
Acetic Acid Market Research & Development | Industry Report, 2022
The global acetic acid market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015…
Digitally Printed Wallpaper Market Research & Development | Industry Report, 202 …
The global digitally printed wallpaper market is anticipated to reach USD 13.07 billion by 2025 from USD 2.33 billion in 2017 and is expected to register a CAGR of 24.01% from 2017 to 2025. Growing awareness of home decor market is expected to drive the market for the residential and nonresidential segments. Increased construction in the emerging economies, growth in the residential sector and increasing consumer desire for premium home…
Enhanced Oil Recovery (EOR) Market offshore segment is expected to grow at CAGR …
The global enhanced oil recovery (EOR) market size is estimated to reach USD 55.02 billion by 2025, fueled by the increasing demand for energy in a broad range of applications including manufacturing, infrastructure and utilities. Rising number of aged wells resulting in low oil output has paved the way for advanced technologies including EOR to achieve optimum production.
Keeping these driving factors in mind, companies are focusing on developing advanced technologies…
U.S. Organic Food Market Size and Share | Industry Report, 2025 | Hexa Research
The U.S. organic food market size is expected to reach USD 70.4 billion by 2025 as a result of increasing demand from consumers. Consumers in U.S. seek convenient purchasing options and organic food, which is now easily available, is gaining popularity. These food products are available in more than 20,000 natural food stores and conventional grocery stores across the country.
Over the past decade, organic food has witnessed significant growth. Sold…
More Releases for Commercial
Global Commercial Aircraft Market, Global Commercial Aircraft Industry, Covid-19 …
North America was the largest region in the global commercial aircraft market, accounting for 60% of the market in 2019. Asia Pacific was the second largest region accounting for 15% of the Global Commercial Aircraft Market. Eastern Europe was the smallest region in the global commercial aircraft market.
Aircraft fleets in mature markets around the world are aging rapidly and with growing demand from airlines and fleet operators for fuel-efficient aircrafts,…
Commercial Vehicles Market Report 2018: Segmentation by Type (Light Commercial V …
Global Commercial Vehicles market research report provides company profile for Volkswagen, Honda, Nissan, Peuggeot, FIAT, Foton, Dongfeng Motor, BMW, Daimle, Toyota, General Motors, Ford and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
commercial refrigerator
"On the initiative of Şeyda Yalçın, buzrefrigeration which is based on Buzçelik brand (1982); began to serve refrigeration sector to provide products and consultancy in Buzcelik Company located in Konya Industry Area.
Our company, which owns commercial refrigerators, industrial cooling systems, shop and market equipments and commercial ovens, having developed its portfolio in a short time has delivered service quality to all world, especially Israel, England, Tunisia, Lebanon, France, Germany.
"
"On…
Commercial Refrigeration Equipment Market : Demand for Commercial Refrigeration …
Commercial refrigeration equipment are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C). Commercial refrigerators are largely used for food and beverage storage and merchandising purposes. Commercial refrigeration equipment is expected to witness strong demand globally, especially due to growing frozen and processed food consumption. Commercial refrigeration equipment is commonly used at…
Commercial Building Automation Market - Boosting the Commercial Building Automat …
One of the major factors driving the market for commercial building automation is increasing demand from key end user such as retail, healthcare, offices and hospitality sector among others.
According to UNEP (United Nations Environment Program), buildings contribute to about one third of the total greenhouse gas emissions, mainly due to the usage of fossil fuels.
In addition, a slow but gradual evolution of IoT sensors based technology has resulted…
CPR Commercial, LLC Announces Commercial Real Estate Distressed Solution Program
CPR Commercial, LLC is pleased to announce the CREDS, or Commercial Real Estate Distressed Solution program. This program is designed for distressed borrowers who desire to avoid foreclosure on the COMMERCIAL properties they own, OR who simply want out for personal reasons. According to Don McClain, President and CEO of CPR Commercial, the company will acquire the property via a short sale purchase transaction OR acquire the mortgage…
