Press release
Global Commercial Refrigeration Equipment Market to Reflect a Significant CAGR of 5.0% During 2016-2026
Market dynamics
Rapid growth of the retail sector coupled with a robust growth of the food and related services sector is expected to be a major driver for the global commercial refrigeration equipment market over the forecast period. Furthermore, government regulations regarding usage of natural refrigerants over synthetic refrigerants is another factor that is expected to propel the growth of the global commercial refrigeration equipment market over the forecast period. However, decline in replacement rates for commercial refrigeration equipment is anticipated to restrain the growth of the global commercial refrigeration equipment market over the forecast period. Also, stringent government regulations pertaining to the development of energy efficient and environmentally friendly equipment is expected to be a challenge especially for Tier 2 and Tier 3 players.
Request for Report Sample @ https://www.persistencemarketresearch.com/samples/2790
Market forecast
The global commercial refrigeration equipment market is segmented on the basis of Product Type (Transportation Refrigeration, Refrigerator and Freezer, Beverage Refrigeration Equipment, Refrigerated Display Cases, Ice Machine, Refrigerated Vending Machine); Application (Food and Beverage Production, Food and Beverage Retail, Food and Beverage Distribution, Food Service); and Region (North America, Latin America, EU, EEU, Other CIS Countries, APAC, China, Middle East, and Africa).
The Refrigerator and Freezer segment is expected to dominate the global commercial refrigeration equipment market during the forecast period. This segment is anticipated to be valued at US$ 8,649.3 Mn by the end of 2016 and is slated to exhibit a CAGR of 4.7% during the forecast period. The Food Service application segment is expected to be the largest segment in the global commercial refrigeration equipment market and is estimated to account for a value share of 32.3% by the end of 2016. The Food and Beverage Production segment was valued at US$ 4,705.3 Mn in 2015 while the Food and Beverage Retail segment stood at a market valuation of US$ 7,595.4 Mn in 2015.
Request for Report TOC @ https://www.persistencemarketresearch.com/toc/2790
Among regions, North America is expected to dominate the overall global commercial refrigeration equipment market over the forecast period. Sales of commercial refrigeration equipment in North America is projected to increase from US$ 7,960.7 Mn in 2015 to US$ 12.54 Bn by 2026. Growing Asian economies such as China and India are expected to witness relatively faster growth during the forecast period. The China commercial refrigeration equipment market is expected to grow with the highest value CAGR of 8.2% in the forecast period. The market in Asia Pacific excluding China is expected to register a relatively high CAGR of 5.3% throughout the period 2016-2026.
Buy Global Commercial Refrigeration Equipment Market Report @ https://www.persistencemarketresearch.com/checkout/2790
Vendor highlights
Standex International Corporation, Lennox International Inc., Daikin Industries Ltd., Illinois Tool Works Inc., AHT Cooling Systems GmbH, Whirlpool Corporation, United Technologies Corporation, Manitowoc Company, Inc., Panasonic Corporation, Qingdao Haier Co. Ltd., Fujimak Corporation, Hoshizaki Corporation, Electrolux AB, Dover Corporation, and Ingersoll-Rand PLC., are some of the leading companies operating in the global commercial refrigeration equipment market. Top market players are focusing on – new product development and launch of advanced and sustainable products through strategic R&D initiatives in product innovation; geographical expansion especially in high-growth markets such as India, China, and Brazil by increasing the number of manufacturing facilities worldwide; and collaborations / partnerships with established players in mature markets for business expansion and growth.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
Contact Us
Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1-646-568-7751
Tollfree: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.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 Global Commercial Refrigeration Equipment Market to Reflect a Significant CAGR of 5.0% During 2016-2026 here
News-ID: 819038 • Views: …
More Releases from Persistence Market Research
North America Household Washer and Dryer Market Set to Reach US$ 22.2 Bn by 2032 …
The North America household washer and dryer market is poised for steady growth, supported by rising demand for smart home appliances, changing lifestyle patterns, and technological enhancements in laundry equipment. The market is projected to reach US$ 17.3 billion in 2025, and with a CAGR of 3.5% from 2025 to 2032, it is expected to climb to US$ 22.2 billion by 2032.
➤ Download Your Free Sample & Explore Key Insights:…
Indoor Plants Market to Grow at 5.4% CAGR Through 2032 as Demand for Green Inter …
The global indoor plants market is poised for sustained expansion over the next several years. According to Persistence Market Research, the market is projected to grow from US$ 22.6 billion in 2025 to US$ 32.7 billion by 2032, reflecting a CAGR of 5.4% during the forecast period. This upward trajectory underscores the increasing consumer shift toward wellness-driven living, biophilic interiors, and nature-connected home environments.
➤ Download Your Free Sample & Explore…
UV Disinfection Equipment Market Poised for Strong 16.3% CAGR Growth Through 203 …
The global UV disinfection equipment market is poised for remarkable expansion over the next decade. Industry estimates indicate that the market will be valued at US$ 17.0 billion in 2025 and is projected to surge to US$ 48.9 billion by 2032, registering a powerful CAGR of 16.3% between 2025 and 2032. This accelerated growth reflects heightened global focus on safety, hygiene, water quality, and chemical-free disinfection methods across both residential…
Surfing Apparel and Accessories Market Booms at 5.5% CAGR Through 2031, Reports …
The global surfing apparel and accessories market is set for steady expansion over the next several years. According to industry estimates, the market is anticipated to rise from US$ 9.5 billion in 2024 to US$ 14.1 billion by 2031, reflecting a healthy CAGR of 5.5% during the forecast period. This upward trajectory highlights the increasing global appeal of surfing as both a sport and a lifestyle.
➤ Download Your Free Sample…
More Releases for Refrigeration
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…
U.S. Commercial Refrigeration Systems Market: Transportation Refrigeration to Ex …
Future Market Insights (FMI) delivers key insights on the commercial refrigeration systems market in its latest report titled, “Commercial Refrigeration System Market: U.S. Industry Analysis and Opportunity Assessment, 2015-2025”. According to the report, the U.S. commercial refrigeration systems market is projected to expand at a healthy CAGR of 3.2% in terms of value over the forecast period. Commercial refrigeration systems are refrigerators with remote or self-contained condensing units. These refrigerators…
