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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).
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:
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Growing demand for frozen and chilled products
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Increasing adoption of eco-friendly refrigerants
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Advancements in technology and energy efficiency
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Expanding food service and retail industries
Segmentation Analysis:
The Commercial Refrigeration Equipment Market is segmented by:
Product
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Transportation Refrigeration Equipment
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Refrigerators and Freezers
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Beverage Refrigeration
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Display Showcases
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Ice Merchandisers and Ice Vending Equipment
Refrigerant Type
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Fluorocarbons
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Hydrocarbons
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Inorganics
System Type
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Self-contained
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Remotely Operated
Capacity
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Less than 50 cu. Ft
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50 to 100 cu. Ft
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More than 100 cu. Ft
Application
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Food Service
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Food and Beverage Retail
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Food and Beverage Distribution
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Food and Beverage Production
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Hotels & Restaurants
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Supermarkets & Hypermarkets
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Convenience Stores
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Bakeries
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Key Players:
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Ali Group S.r.l. a Socio Unico
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Victory Refrigeration
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Whirlpool Corporation
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Carrier
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Daikin Industries, Ltd.
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Dover Corporation
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Hussmann Corporation
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Excellence Industries
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Hillphoenix, A Dover Company
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Illinois Tool Works Inc.
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Imbera
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Lennox International Inc.
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Metalfrio Solutions S.A.
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Minus Forty Technologies Corp.
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Ojeda Usa Inc.
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Panasonic Corporation
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Qingdao Hiron Commercial Cold Channel Co., Ltd.
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Zero Zone, Inc.
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