Commercial Refrigeration Equipment Market Outlook To 2024 – Share, Value Chain Analysis, Demand, Competitive Landscape, Strategic Plan And Revenue Forecast | Million Insights

 Breaking News
  • No posts were found

Commercial Refrigeration Equipment Market Outlook To 2024 – Share, Value Chain Analysis, Demand, Competitive Landscape, Strategic Plan And Revenue Forecast | Million Insights

April 07
07:12 2021
Commercial Refrigeration Equipment Market Outlook To 2024 - Share, Value Chain Analysis, Demand, Competitive Landscape, Strategic Plan And Revenue Forecast | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global commercial refrigeration equipment industry offers in-depth assessment of the growth, size, competitive landscape and other aspects in different geographical regions. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

The global Commercial Refrigeration Equipment Market is estimated to touch US$ 52.52 billion by the completion of the prediction period. The market was appreciated at US$ 31.0 billion in the year 2015. It is estimated to develop at a substantial CAGR for the duration of the prediction. Growing demand for wrapped foodstuff and liquid refreshment by means of greater development in hospitality business has headed toward important development of the business. Additionally, growing tendency concerning customer eating out and constant development of retail chains throughout the world comprising the Asia Pacific and Europe are backing the general development of the business.

The commercial refrigeration equipment market on the source of Type of Application could span Foodstuff & Liquid refreshment Retail, Foodstuff & Liquid refreshment Production, Foodstuff & Liquid refreshment Circulation, Foodstuff Service. The subdivision of foodstuff services is estimated to observe an important development at a CAGR of more than 6.5% for the duration of prediction. Growth in intercontinental transaction of foodstuff is creating the demand for chilling of seafood, frozen nourishments, and treated foods through the provinces. This estimated to upsurge the capacity development in the subdivision of foodstuff & liquid refreshment circulation application.

To download the sample PDF of “Commercial Refrigeration Equipment Market Report” please click here: https://www.millioninsights.com/industry-reports/commercial-refrigeration-equipment-market/request-sample

The commercial refrigeration equipment industry on the source of Type of Selling Network could span Eateries, Supermarkets, Convenience Stores, Hypermarkets. The subdivision of Hypermarkets was responsible for the market stake of income of more than 35% during the year 2015. This is additionally estimated to develop at a CAGR of more than 6.5% for the duration of prediction. The consumers’ inclination is speedily fluctuating from the individual retailing to the direction of supermarkets and hypermarkets.

The commercial refrigeration equipment market on the source of Type could span Liquid refreshment Refrigeration, Refrigerators & Freezers, Display Showcases, Transportation Refrigeration Equipment and Parts. The subdivision of Transportation Refrigeration Equipment ruled the business by the stake of the income of 19% during the year 2015. It is likely to be the speedily developing sector above the prediction period. Increasing intercontinental transactions to transference of perishable products to the end consumers in detached places, estimated to gush the progress of this subdivision.

The commercial refrigeration equipment market on the source of Area with respect to Trades in terms of intake, Profits, Market stake, and Development percentage for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

By the source of geography, North America ruled the business by means of the stake of income more than 35% during the year 2015. It is estimated to develop at a CAGR of almost 5.5% above the prediction period. Strict controlling situation is estimated to upsurge the demand for cutting-edge and energy saving apparatus, to decrease their usage of power. Let us say, Western Europe and the U.S.A. bar the refrigerants using fluorocarbons that take capacity to disturb ozone layer. It is estimated to inspire customers to procure brand-new enhanced apparatus.

Furthermore, enhanced macroeconomic viewpoint by means of growing expenditure by customer is expected to compel foodstuff-manufacturing companies to increase the figure of retail openings and eateries in the U.S.A. The Asia Pacific is expected to observe substantial development during the period of prediction. It will grow at a CAGR of more than 6.5%. Features convincing provincial development consist of incessant developing expertise, growing intercontinental trade of foodstuff, export of treated foodstuff & arrival of superstores, altering tendencies of foodstuff ingestion and growth in seafood & market gardening.

The statement revises Trades in terms of intake of commercial refrigeration equipment in the market; particularly in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Panasonic Corporation, Lennox International, Whirlpool Corporation, Standex International, Daikin Industries, Hussmann Corporation, Illinois Tool Works Inc., Carrier, AHT Cooling System, Manitowoc Company, United Technologies Corp, Dover Corporation, Johnson Controls, Ingersoll Rand plc, and Electrolux AB.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/commercial-refrigeration-equipment-market

Market Segment:

Product Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 – 2024
    • Transportation Refrigeration Equipment
    • Refrigerators & Freezers
    • Display Showcases
    • Beverage Refrigeration
    • Parts
    • Others

Application Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 – 2024
    • Food Service
    • Food & Beverage Production
    • Food & Beverage Distribution
    • Food & Beverage Retail
    • Others

Retail Channel Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 – 2024
    • Hypermarkets
    • Supermarkets
    • Convenience store
    • Specialty food store
    • Others

Regional Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 – 2024
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Explore the Latest Press Releases by Million Insights:

• Power Bank Market: The global power bank market size is projected to account for USD 27.8 billion by 2027 and is expected to grow with 18.4% CAGR over the forecast period, from 2020 to 2027. Currently, the power bank has become an essential mobile accessory.

• Microcontroller Market: The global microcontroller market size is estimated to account for USD 47.74 billion by 2027. The market is projected to register over 10% CAGR from 2020 to 2027. Growing automation across several industries, the emergence of industry 4.0 and AI-integration are the key factors driving the demand for the microcontroller in the industrial application.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/commercial-refrigeration-equipment-market