Global Commercial Refrigeration Equipment Market is projected to grow at a CAGR of 5.6% over the forecast period (2016 to 2024). By 2024, market revenues would exceed USD 40.87 billion. This may be attributed to changing food consumption patterns triggered by rapid industrialization and technological advancements.
Escalating intake of frozen foods spurs demand for refrigeration of food on a commercial scale. Innovative technology makes possible remote monitoring of ... Read more
Rapid growth of urbanization coupled with busy lifestyle has led to substantial requirement of frozen foods, ready-to-serve meals, and beverages. This has increased the demand for commercial refrigerators, in turn boosting the market for commercial refrigeration equipment.
The global Commercial Refrigeration Equipment Market is estimated to be valued at US$ 53.38 billion in 2022 and is expected to exhibit a CAGR of 4.7% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Commercial refrigeration equipment includes refrigerators, freezers, display cases, and beverage coolers, among others. These products provide a ... Read more
The Commercial Refrigeration Equipment market is estimated to be valued at US$ 55.89 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Commercial refrigeration equipment refers to heavy-duty refrigeration systems and accessories used for food preservation and storage in commercial ... Read more
