Global Commercial Refrigeration Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Commercial Refrigeration Equipment Market Report by The Business Research Company covers commercial refrigeration equipment market drivers and restraints, commercial refrigeration equipment market size, major players, and the impact of COVID-19 on the commercial refrigeration equipment market.
The commercial refrigeration equipment market consists of sales of commercial refrigeration equipment by entities (organizations, sole traders, and partnerships) that produce commercial refrigeration equipment such as refrigerators and freezers used in supermarkets, convenience stores, restaurants, and commercial kitchens.
The increasing demand for frozen & chilled products from consumers is anticipated to drive the commercial refrigeration market. The global commercial refrigeration equipment market is expected to grow from $59.21 billion in 2020 to $60.36 billion in 2021 at a compound annual growth rate (CAGR) of 1.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $76.63 billion in 2025 at a CAGR of 6.1%.
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Some commercial refrigeration equipment market trends include companies are concentrating on incorporating the latest technologies such as artificial intelligence, 5G, and machine learning into the commercial refrigeration equipment for decreasing electrical consumption, improved preventive maintenance, and better customer experience.
Global commercial refrigeration equipment market segments include:
1) By Product Type: Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine.
2) By Application: Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery.
3) By Refrigerant Type: Fluorocarbons, Hydrocarbons, Inorganics.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Commercial Refrigeration Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
The Commercial Refrigeration Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides commercial refrigeration equipment market overviews, analyzes and forecasts market size, share, commercial refrigeration equipment market players, commercial refrigeration equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The commercial refrigeration equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Commercial Refrigeration Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Dover Corporation, Daikin Industries Ltd., Carrier Commercial Refrigeration Inc., Johnson Control Inc., Haier Group Corp, Danfoss, Emerson Electric Company
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Commercial Refrigeration Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Commercial Refrigeration Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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