Commercial Refrigeration Equipment Market is expected to surpass USD 35 billion by 2024
Category: #headlines  By Rahul Varpe  Date: 2020-02-12
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Commercial Refrigeration Equipment Market is expected to surpass USD 35 billion by 2024

The overall Commercial Refrigeration Equipment Market is slated to depict a valuation of $35 billion by 2024, having registered a remuneration of $30 billion in 2017.

The Commercial Refrigeration Equipment Market report coverage is comprised of various parameters such as the industry size, regional opportunities for market expansion, important participants in the industry, restraining factors as well as driving forces, segmental analysis, and details on competitive landscape.

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Report Growth Drivers –

  1. Growing demand for meat and dairy products
  2. Product development initiatives due to technological advancements
  3. Increasing investments in food & beverages industries in North America
  4. Growing demand for transportation refrigeration in Europe
  5. Growing floriculture industry in France
  6. Increasing demand for frozen food and vegetables in Asia Pacific
  7. Rapid growth of retail sector and cold food chains in Asia Pacific and Latin America
  8. Growth of e-commerce sector in India & China
  9. Increasing focus on food safety and energy saving in Middle East
  10. Growing focus of governments to reduce food wastage in Africa
  11. Shift of manufacturing facilities towards India, China, and Brazil

The main aim of the study is to entail substantial data and updates pertaining to the market and also to educate the audience on the various growth opportunities prevailing in the industry, which may help augment the business space. A deep-dive summary of the Commercial Refrigeration Equipment Market in combination with an in-depth set of the market definitions and business sphere overview have been provided in the report.

The abstract section is inclusive mainly of the information about the market dynamics. This is further encompassed of the driving factors augmenting the industry share, business constraints, trends characterizing the industry, in tandem with the numerous growth opportunities prevalent in the space.

Information about the pricing evaluation alongside the value chain analysis have been given in the study. Historic figures and estimates pertaining to the industry expansion spanning the projection period are also entailed in the study.

Top Companies

AB Electrolux, AHT Cooling Systems GmbH, Daikin Industries Ltd., Danfoss A/S, Dover Corporation, Emerson Electric, GEA Group AG, Haier Corporation, Hussman Corporation, Illinois Tool Works Inc., Ingersoll-Rand Plc., Johnson Controls, Inc., Lennox International, Inc., Parker Hannifin Corp, United Technologies Corporation

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Split by product type, the market has been divided into

  1. Transportation Refrigeration Equipment,
  2. Refrigerators & Freezers,
  3. Beverage Refrigeration,
  4. Other Equipment,
  5. Parts

The report includes a lot of details pertaining to the production, growth rate of each segment, remuneration, price, as well as segmental market share.

Split by application, the market is divided into

  1. Food Service,
  2. Food & Beverage Retail,
  3. Food & Beverage Production,
  4. Food & Beverage Distribution

This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.

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What are the key takeaways of this report?

  1. A well-detailed evaluation of the pricing trends has been given in the report, pertaining to the product, application, as well as regional landscapes
  2. A well-detailed analysis of the vendor matrix alongside the important companies that will help to better understand the competitive scenario in the global market
  3. Important insights pertaining to the regulatory spectrum surrounding the industry, along with the investments by many shareholders in the global market
  4. A significantly deep evaluation of the many parameters propelling the overall market growth in combination with their influence on the projection as well as dynamics of the global market
  5. A detailed understanding of the numerous available growth opportunities in the global industry
  6. An extensive evaluation of the various trends prevailing in the global business space
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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