Commercial Refrigeration Equipment Market: size was valued at USD 35.22 Billion in 2023 and the total Commercial Refrigeration Equipment revenue is expected to grow at a CAGR of 5.1 % from 2024 to 2030, reaching nearly USD 57.75 Billion by 2030.
Commercial Refrigeration Equipment Market Overview:
The current condition of terminologies, segments, functions, and industry value chain structure was examined in the Commercial Refrigeration Equipment Market Research Report. The report offers unbiased expert commentary on the current market situation, previous financial position, consumption patterns rates, demand and supply ratios, and revenue generation estimates for the forecasted time. The Commercial Refrigeration Equipment Market report also includes information on the strategic aspirations and company growth plans of the major organizations in the Commercial Refrigeration Equipment Market sector. Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Commercial Refrigeration Equipment Market on both the global and regional levels.
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Market Scope:
Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Commercial Refrigeration Equipment Market on both the global and regional levels.
Segmentation:
by Product
Walk-In Coolers
Beverage Refrigeration Equipment
Display Showcases
Ice Merchandisers & Ice Vending Equipment
by Distribution Channel
Specialty Stores
Hypermarkets/Supermarkets
Online
by Application
Food Service
Food & Beverage Production
Food & Beverage Retail
by End-User
Hospitality
Hypermarkets/Supermarkets
Departmental Stores
Healthcare
Offices & Buildings
Convenience Stores
Government
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Key Players:
The major players covered in the Commercial Refrigeration Equipment Market report are
Major Global Key Players:
1. Hoshizaki Corporation (Japan)
2. Lennox International Inc.(United States)
3. AHT Cooling Systems GmbH (Austria)
4. Frigoglass S.A.I.C. (Greece)
5. Aeroflex USA, Inc. (United States)
6. Arneg SpA (Italy)
Leading Key Players in North America:
1. Carrier Corporation (United States)
2. Ingersoll Rand Inc. (United States)
3. Hussmann Corporation (United States)
4. Dover Corporation (United States)
5. Emerson Electric Co. (United States)
Market Follower key Players in Europe:
1. BITZER SE (Germany)
2. Danfoss A/S (Denmark)
3. Liebherr Group (Switzerland)
4. GEA Group AG (Germany)
5. Johnson Controls International plc (Ireland)
Prominent Key player Asia Pacific:
1. Haier Smart Home Co., Ltd. (China)
2. Midea Group (China)
3. Toshiba Corporation (Japan)
4. Panasonic Corporation (Japan)
5. HITACHI, Ltd. (Japan)
Dominant Key Players in South America:
1. Metalfrio Solutions S.A. (Brazil)
2. Eletrofrio (Brazil)
3. Refriango (Angola)
4. Gelopar (Brazil)
5. Haglöf (Chile)
Leading Key players in Middle East & Africa:
1. Carrier Commercial Refrigeration (United Arab Emirates)
2. AB Electrolux (South Africa)
3. Dawlance Group (Pakistan)
4. Kelvion Holding GmbH (South Africa)
5. Middleby Corporation (United Arab Emirates)
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Regional Analysis:
The region portion of the research also provides key market-impacting components and changes in market regulatory oversight that have an impact on the market's current and future trends. New deals, substitute sales, national demography, regulatory actions, and import-export taxes are some of the major variables used to forecast the market situation for different areas.
COVID-19 Impact Analysis on Commercial Refrigeration Equipment Market:
The COVID-19 outbreak has had a significant impact on the global Commercial Refrigeration Equipment Market industry. Due to the worldwide slump and a lack of employees, Commercial Refrigeration Equipment Market manufacturing plants have been halted. The COVID-19 epidemic has caused a significant and long-term drop in production utilization, while travel prohibitions and facility closures have kept personnel away from their workplaces, causing the Commercial Refrigeration Equipment Market to slow down.
Key Questions Answered in the Commercial Refrigeration Equipment Market Report are:
- Which segment had the largest share in the Commercial Refrigeration Equipment Market?
- What was the competitive scenario of the Commercial Refrigeration Equipment Market?
- Which are the key factors responsible for the Commercial Refrigeration Equipment Market growth?
- Which region held the maximum share in the Commercial Refrigeration Equipment Market?
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