New York City, NY -- (SBWire) -- 11/06/2017 --In a new report titled "Commercial Refrigeration Equipment Market: Global Industry Analysis and Forecast, 2016 – 2026", Persistence Market Research delivers key insights into the global commercial refrigeration equipment market and analyzes the key factors and trends influencing market performance. Sales revenue of the global commercial refrigeration equipment market is expected to register a CAGR of 5.0% over the forecast period (2016–2026), to be valued at US$ 45,913.5 Mn by 2026 end.
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Among regions, North America is expected to dominate the overall global commercial refrigeration equipment market over the forecast period. Sales of commercial refrigeration equipment in North America is projected to increase from US$ 7,960.7 Mn in 2015 to US$ 12.54 Bn by 2026. Growing Asian economies such as China and India are expected to witness relatively faster growth during the forecast period. The China commercial refrigeration equipment market is expected to grow with the highest value CAGR of 8.2% in the forecast period. The market in Asia Pacific excluding China is expected to register a relatively high CAGR of 5.3% throughout the period 2016-2026.
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Standex International Corporation, Lennox International Inc., Daikin Industries Ltd., Illinois Tool Works Inc., AHT Cooling Systems GmbH, Whirlpool Corporation, United Technologies Corporation, Manitowoc Company, Inc., Panasonic Corporation, Qingdao Haier Co. Ltd., Fujimak Corporation, Hoshizaki Corporation, Electrolux AB, Dover Corporation, and Ingersoll-Rand PLC., are some of the leading companies operating in the global commercial refrigeration equipment market.
Top market players are focusing on – new product development and launch of advanced and sustainable products through strategic R&D initiatives in product innovation; geographical expansion especially in high-growth markets such as India, China, and Brazil by increasing the number of manufacturing facilities worldwide; and collaborations / partnerships with established players in mature markets for business expansion and growth.
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Commercial Refrigeration Equipment Market to Approach US$ 45,913.5 Mn by 2026 End
“Commercial Refrigeration Equipment Market: Global Industry Analysis and Forecast, 2016 – 2026”