Market Study on Expected Growth for Commercial Refrigeration Market

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Commercial Refrigeration Market Global Industry
Analysis, Market Size, Trends, and Forecast to
2023
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The report on Commercial Refrigeration Market by
application (food beverage industry,
distribution, retail), product type (beverage
refrigerators, chillers, display cases, freezers
refrigerators, ice-making machinery,
transportation refrigeration system, parts)
trends analysis and forecasts up to 2023 studies
the market sizes, key trends and opportunities in
the main geographies such as North America,
Europe, Asia-Pacific, Rest of the World.
According to the report the Global Commercial
Refrigeration Market is projected to grow at a
CAGR between 5 and 6 in terms of value over the
period of 2017-2023. The growth in the world
market is primarily driven by significant
contribution by North America (Leading region)
region to this market. Get a Sample Request
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ple_request/28 Market Insights Intense
competition among existing companies, increasing
investments in research development and
product innovation, large global distribution
networks, expanding online retail presence and
entry of smaller players in matured economies
characterize the global commercial refrigeration
market. Changing lifestyle of consumers,
increasing number of female professionals,
increasing demand for packaged foods
beverages, and stringent regulations regarding
food production, preservation as well as energy
consumption drives the growth of the global
commercial refrigeration market. Increasing
demand for frozen food and vegetables in various
countries to cope up with the hectic work
schedule, drive the growth of the commercial
refrigeration market. The rapid growth of retail
sector and cold food chains in
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various regions is driving the demand for food
and beverages and in turn it enhances the growth
of the global commercial refrigeration market.
The increasing investments in the production,
distribution and transportation of food and
beverages are expected to drive the demand for
commercial refrigeration market, as there is need
for preservation during all these phases.
Moreover, the introduction of zero emission
refrigeration systems for transportation is
expected to drive the growth of the commercial
refrigeration market, as it could improve the
supply chain of food beverages and retail
sectors. Introduction of modular units of
commercial refrigeration systems and availability
of advanced controls for compressor protection
are expected to generate demand from both
consumers with modular kitchens and food service
sector. The energy efficient commercial
refrigeration systems with good cooling
capacities generate demand from the hospitality
sector. The food service segment accounts for
significant share of revenue in the global
commercial refrigeration market. The stringent
regulations regarding the use of toxic
refrigerants and promotion of eco-friendly
refrigerants by governments are anticipated to
drive the growth of the commercial refrigeration
market. The introduction and adoption of advanced
technologies in monitoring and controlling of
refrigeration systems through predetermined
settings or remotely through Wi-Fi-enabled
systems are expected to generate demand from
food beverages, and hospitality sectors.
Moreover, introduction of eco-friendly
refrigerants, cascade refrigeration systems based
on variable speed compressors, and other energy
efficient refrigeration systems are anticipated
to further enhance the growth of the commercial
refrigeration market during the forecast period
2017-2023. Fluctuating fuel prices, stringent
regulations for part suppliers and OEMs, and
slow pace in upgradation as well as replacement
of old commercial refrigeration systems are the
major
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restraints for the growth of the global
commercial refrigeration market. Significant
portion of food produced in developing countries
get wasted due to the absence of refrigeration
systems for preserving for longer durations.
Moreover, with the rapid expansion of retail
sector, there are opportunities for major players
in the global commercial refrigeration market,
to expand the presence in the developing
countries. Make an Enquiry https//www.infiniumgl
obalresearch.com/reports/enquiry/28 Segments
Covered The report covers the analysis of global
as well as regional markets of commercial
refrigeration market. Moreover, the global
commercial refrigeration market is segmented by
application and by product type. The global
commercial refrigeration market by application
covers food beverage industry, food beverage
distribution, food service, retail industry, and
some others. On the basis of product type, the
market is segmented as beverage refrigerators,
chillers, display cases, freezers refrigerators,
ice-making machinery, transportation
refrigeration system, walk in coolers, parts and
some others. Geographies Covered The global
commercial refrigeration market covers the
analysis of geographies such as North America,
Europe, Asia-Pacific and RoW. In this section,
the key trends and market size for each region is
provided over the period of 2017 2023.
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Among geographies, North America is the largest
commercial refrigeration market, followed by
AsiaPacific and Europe. Asia-Pacific region is
anticipated to become the fastest growing
commercial refrigeration market in terms of CAGR
during the forecast period. The change in
lifestyle of consumers, their preference for
dining food outside home more and the
significant growth in food service industry due
to increasing sales, innovations as well as
renovations of facilities are the factors that
drive the growth of the North American
commercial refrigeration market. The growth in
the retail sector and increasing demand for
frozen food are driving the growth of the
European commercial refrigeration market.
Increasing middle class population with
disposable income, expanding food and retail
industries and increasing consumption of
convenience food and beverages, are anticipated
to drive the Asia-Pacific commercial
refrigeration market. Moreover, the rapid growth
in the Chinese commercial refrigeration market
with a CAGR of x is driving the growth of the
Asia- Pacific region. Companies Profiled The
companies covered in the report include
manufacturers of global commercial refrigeration
market include AB Electrolux, AHT Cooling Systems
GmbH, Carrier, Daikin Industries Ltd, Danfoss
A/S, Dover Corporation, Haier, Hussmann
Corporation, Illinois Tool Works Inc, Ingersoll
Rand Plc, Johnson Controls Inc, Panasonic
Corporation, and Whirlpool Corporation. Click
the Below Full Report Link https//www.infiniumgl
obalresearch.com/ict_semiconductor/commercial_refr
igeration_m arket
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Report Highlights The report provides deep
insights on demand forecasts, market trends and
micro and macro indicators. In addition, this
report provides insights on the factors that are
driving and restraining the demand of commercial
refrigeration globally as well as regionally.
Moreover, IGR-Growth Matrix analysis given in
the report brings an insight on the investment
areas that existing or new market players can
consider. Moreover, the study highlights current
market trends and provides forecast from 2017 to
2023. We also have highlighted future trends in
the commercial refrigeration market that will
impact the demand during the forecast period.
Moreover, the competitive analysis given in each
regional market brings an insight on the market
share of the leading players. Additionally, the
analysis highlights rise and fall in the market
shares of the key players in the market. This
report will help manufacturers, suppliers and
distributors of the commercial refrigeration
market to understand the present and future
trends in this market and formulate their
strategies accordingly. Contact Us Website
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sales_at_infiniumglobalresearch.com