Commercial Refrigeration Equipment Market: Food Trade Soars, Seafood and Horticulture Demand Creates Greater Scope of Commercial Refrigeration Equipment Manufacturer

According to the latest publication by Transparency Market Research, the heavy competition is due to the high dependence of commercial refrigeration equipment manufacturers on commercial alliances within commercial manufacturers of HVAC and regional retail chain operators.

The global market for commercial refrigeration equipment is expected to progress at a CAGR of 9.1% within a forecast period from 2015 to 2022, in terms of revenue. The revenue is expected to reach US$39.44 bn by the end of 2016 and US$66.88 bn by the end of 2022.

View Sample Report at https://www.transparencymarketresearch.com/commercial-refrigeration-equipment-market.html

APAC Scope for International Food Trade Grows, Spurs Demand for Commercial Refrigeration Equipment

Asia Pacific has not only been the leading region to generate revenue in commercial refrigeration equipment, but also the region showing the leading CAGR of 12.0% from 2015 to 2022. By the end of 2022, Asia Pacific is expected to accrue a revenue of US$29.06 bn in commercial refrigeration equipment.

The transportation product segment for commercial refrigeration equipment is expected to be the leading one in terms of demand. It is expected to progress at a CAGR of 11.2% from 2015 to 2022.

A collective product segment that the report refers to as ‘Others’ is expected to dominate the market in 2022, with a projected revenue generation of US$25.36 bn. This segment comprises cryogenic equipment, liquid chillers, ice machines, refrigerated display cases, egg refrigerators, compressor racks, dairy coolers, and few other lesser used equipment.

Download PDF Brochure at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=723

Food Trade Soars, Seafood and Horticulture Demand Creates Greater Scope of Commercial Refrigeration Equipment Manufacture

“A combination of growing disposable income in emerging economies and the shift in eating trends towards healthier options is the cause of the high rate of food trade that we are seeing today,” states a TMR analyst. He adds, “The total amount of seafood and processed food consumed across the world has increased greatly over the past years and will continue to do so. This is driving the makers of commercial refrigeration equipment towards producing a larger quantity of high quality goods.

Developed economies are more open to food imports while emerging economies are in a position to export more seafood and processed food, thereby driving the need for more commercial refrigeration equipment.

High energy Consumption of Commercial Refrigeration Equipment Deters Smaller Retailers

A key disadvantage that manufacturers of commercial refrigeration equipment need to get over is high amounts of energy consumed by these units. Increasingly stringent environment protection and energy conservation standards will be a big challenge for these players.

Additionally, they have to face the increasing use of alternative cooling methods, such as temperature-controlled food packs.

“There is still much that can be done by commercial refrigeration equipment manufacturers, such as the introduction of solar powered refrigerators, the use of smart refrigeration tech for remotely monitoring and controlling the equipment, and the very important need to consolidate warehouse chains,” states the TMR analyst.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.