Commercial Refrigeration Equipment Market Analysis, Size, Share, Growth, Trends, and Opportunities
Market Size and Growth Prospects:
The global Commercial Refrigeration Equipment Market size was valued at USD 36.90 Billion in 2021 and is projected to reach USD 63.41 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2022–2030).
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Key Drivers:
- Growing demand for frozen and chilled products
- Increasing adoption of eco-friendly refrigerants
- Advancements in technology and energy efficiency
- Expanding food service and retail industries
Segmentation Analysis:
The Commercial Refrigeration Equipment Market is segmented by:
Product
- Transportation Refrigeration Equipment
- Refrigerators and Freezers
- Beverage Refrigeration
- Display Showcases
- Ice Merchandisers and Ice Vending Equipment
Refrigerant Type
- Fluorocarbons
- Hydrocarbons
- Inorganics
System Type
- Self-contained
- Remotely Operated
Capacity
- Less than 50 cu. Ft
- 50 to 100 cu. Ft
- More than 100 cu. Ft
Application
- Food Service
- Food and Beverage Retail
- Food and Beverage Distribution
- Food and Beverage Production
- Hotels Restaurants
- Supermarkets Hypermarkets
- Convenience Stores
- Bakeries
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Key Players:
- Ali Group S.r.l. a Socio Unico
- Victory Refrigeration
- Whirlpool Corporation
- Carrier
- Daikin Industries, Ltd.
- Dover Corporation
- Hussmann Corporation
- Excellence Industries
- Hillphoenix, A Dover Company
- Illinois Tool Works Inc.
- Imbera
- Lennox International Inc.
- Metalfrio Solutions S.A.
- Minus Forty Technologies Corp.
- Ojeda Usa Inc.
- Panasonic Corporation
- Qingdao Hiron Commercial Cold Channel Co., Ltd.
- Zero Zone, Inc.
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