Commercial Refrigeration Equipment Market Increasing Growth with Latest Trend, Top Players and Forecast

Commercial Refrigeration Equipment Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity, the global commercial refrigeration equipment market size was valued at USD 33.53 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 4.2% to 2030.

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Refrigeration system consists of several equipment’s like compressor, condenser, evaporator, expansion devices etc. A refrigerant compressor is a machine used to compress the refrigerant from the evaporator and to raise its pressure so that the corresponding temperature is higher than that of the cooling medium.

The rapid expansion of the tourism and hospitality sector and the growing preference of end-customers to takeaway meals are some of the factors that have supported long-term expansion for Commercial Refrigeration Equipment Market.

Recent Developments

·        BITZER has launched gas coolers for carbon dioxide (CO2) applications in commercial and light industry refrigeration. These coolers provide resistance to pressure and thermal efficiency. They offer advantage for systems with medium or large capacity of more than 250 kW

·        Danfoss launches multi-refrigerant, A2L-ready condensing units for ultra-low GWP installations. It comes with high energy efficiency and reduces consumption of energy and indirect emissions.

Key Players

·        Dover Corporation

·        DAIKIN Industries, Ltd.

·        Carrier; AB Electrolux

·        Ali S.p.A and More

Commercial Refrigeration Equipment Market is segmented into product, system type, capacity, application and region.

On the basis of Product

·        Transportation Refrigeration Equipment

·        Refrigerators & Freezers

·        Beverage Refrigeration

·        Display Showcases

·        Ice Merchandisers & Ice Vending Equipment

·        Other Equipment

On the basis of System Type

·        Self-contained

·        Remotely operated

On the basis of Capacity 

·        Less than 50 cu. Ft.

·        51 cu. Ft. to 100 cu. Ft.

·        More than 100 cu. Ft.

On the basis of Application

·        Food services

·        Food and beverage retail

·        Food and beverage distribution

·        Food and beverage production

On the basis of Region

·        Asia Pacific

·        North America

·        Europe

·        South America

·        Middle East & Africa

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In addition to the market data for Commercial Refrigeration Equipment Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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