Commercial Refrigeration Equipment Market (Transport Refrigeration Equipment, Refrigerators and Freezers, Beverage Refrigerators, Parts and Others) for Food Service, Food and Beverage Production, Food and Beverage Distribution, Food and Beverage Retail, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 03/08/2018 -- According to the report, global demand for commercial refrigeration equipment market was valued at USD 36.63 billion in 2015 and is expected to generate revenue of USD 61.44 billion by the end of 2021, growing at a CAGR of slightly above 9.0% between 2016 and 2021.
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Commercial refrigeration equipment is typically used for refrigeration procedure in food and beverage industry. It is used for food storage and merchandising purposes by the food wholesale industry, such as supermarkets, specialty food stores, grocery stores, and convenience stores. It is also used in restaurants and cafeterias. A commercial refrigerator is a free-standing part of the equipment that gives cold storage for a commercial kitchen. Some of the different types of commercial refrigeration include reach-in refrigerators and freezers, walk-in refrigerators and freezers, under counter refrigerators, refrigerated merchandisers, bar refrigeration.
Global commercial refrigeration equipment market is primarily driven by rising number of hypermarkets, specialty food stores, and supermarkets across the globe. Another major driving factor is changing food consumption trends and rising international food trade. However, environment regulations & energy efficiency, and increasing fuel costs are a major restraint that may limit the growth of the market. Nonetheless, consolidation of warehouses and growth of cold supply chains is likely to disclose the new avenues for commercial refrigeration equipment market in the near future.
Global Commercial Refrigeration Equipment Market: Product Segment Analysis
Transport Refrigeration Equipment
Refrigerators and Freezers
Commercial Refrigeration Equipment Parts
Global Commercial Refrigeration Equipment Market: Application Segment Analysis
Food and Beverage Production
Food and Beverage Distribution
Food and Beverage Retail
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Global Commercial Refrigeration Equipment Market: Regional Segment Analysis
The Middle East and Africa
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