Dublin, Nov. 19, 2021 (GLOBE NEWSWIRE) -- The "Commercial Refrigeration Equipment Market Report 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global commercial refrigeration equipment market is estimated to be USD 32.0 billion in 2021 and is projected to reach USD 43.3 billion by 2026, at a CAGR of 6.2%, from 2021 to 2026.
The growth of the market can be attributed to the improving consumer lifestyles and flourishing food and healthcare industries, growing cold chain market, and increasing use of advanced technologies, for instance, magnetic refrigeration. Stringent regulations for the use of fluorocarbon refrigerants is a restraint in the market.
The supermarkets & hypermarkets segment is expected to be the fastest-growing application segment of the commercial refrigeration equipment market during the forecast period
The supermarkets & hypermarkets application segment is projected to be the fastest-growing segment of the commercial refrigeration equipment market from 2021 to 2026. Supermarkets and hypermarkets cannot survive without the commercial refrigeration equipment. It is a necessity of new generation grocery stores to constantly look for and adopt advanced and more efficient commercial refrigeration equipment systems.
The refrigerated display cases segment is expected to be the fastest-growing product type segment of the commercial refrigeration equipment market during the forecast period
The refrigerated display cases application segment is projected to be the fastest-growing end-use industry of the commercial refrigeration equipment market from 2021 to 2026. Refrigerated display cases are commercial refrigeration equipment used for storing food & beverages at retail outlets, such as bakeries, dairy stores, grocery stores, wine shops, convenience stores, supermarkets, and food service providers, such as hotels, restaurants, and bars.
Asia Pacific is estimated to account for the largest market share of the commercial refrigeration equipment market in 2021.
The growth of the commercial refrigeration equipment market in the Asia Pacific region is fueled by growth in the manufacturing sector; increase in spending on private & public infrastructure development; and rapid urbanization.
Increasing Use of Commercial Refrigeration in Supermarkets & Hypermarkets Segment Expected to Drive Commercial Refrigeration Equipment Market from 2021 to 2026
The Commercial Refrigeration Equipment Market in South America to Grow at the Highest CAGR During the Forecast Period
Transportation Refrigeration Product Type Accounts for the Largest Share
Supermarkets & Hypermarkets Segment to Lead the Commercial Refrigeration Equipment Market During the Forecast Period
Hydrocarbons Segment to Grow at the Highest CAGR Between 2021 and 2026
Improving Consumer Lifestyle and Flourishing Food and Healthcare Industries
Growing Cold Chain Market
Increasing Use of Advanced Technologies Such as Magnetic Refrigeration
Growing Demand for Frozen and Processed Food Across the World
Stringent Regulations Against the Use of Fluorocarbon Refrigerants
Potential Demand for Carbon Dioxide/Ammonia (Co2/Nh3) Cascade Refrigeration Systems
Improvements in the Efficiency of Refrigeration Systems with the Use of Natural Refrigerants
Few Purification Companies
Impact of COVID-19
Baltimore Aircoil Company
Emerson Electric Co
Green & Cool
Heatcraft Worldwide Refrigeration
Ice Make Refrigeration Limited
Illinois Tool Works Inc
Mayekawa Mfg Co Ltd
Rockwell Industries Limited
SCM Frigo SPA
Western Refrigeration Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/p4kkcl
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