Commercial Refrigeration Equipment Market Rises with Growth in Supermarkets

Overview

The commercial refrigeration equipment market is set to grow at a CAGR of 6.78% during the forecast period 2019 to 2025. As per the market research report, the market will hit US$10, 036.9 million in terms of valuation by the end of 2025. The market growth will be driven by the growing food and beverage processing industry. Based on the research report, ongoing expansions of consumer good retail chains will accelerate growth in the market till 2025. Although the high installation cost will have a negative impact on the global commercial refrigeration equipment market’s growth during this period. Strict regulations are predicted to be a key challenge which could become a strong threat from 2019 to 2025 to companies. The market report published by expert analysts includes primary and secondary data and suggests that type and applications segments are anticipated to witness tremendous growth till 2025. Factors such as changing food habits will become key growth drivers during the forecast period and the growing number of supermarkets is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the weak supply chain which could negatively affect activities taking place across the market. The lack of developed infrastructure is another challenge the market could face till 2025.

Market Segmentation

The commercial refrigeration equipment market is segregated into different market segments based on type and applications. For a comprehensive analysis of the market, the type and applications segments are further split into smaller segments. The type segment is categorized into beverage refrigeration, display cases, and walk-in coolers/reach-in coolers. Furthermore, based on applications, the global Commercial Refrigeration Equipment market is also segmented into hypermarket, supermarket, and others. Based on the market segmentation analysis, the report covers market forecasts.

The trend to adopt eco-friendly refrigerants will support the market growth from 2019 to 2025. As per the market research report, the global Commercial Refrigeration Equipment market is anticipated to grow at a healthy rate across all the type and applications segments. However, the presence of active threats such as the high cost associated with services could hamper the market growth. Business activities across commercial refrigeration equipment have also been examined and studied by commercial refrigeration equipment industry’s experienced analysts. The commercial refrigeration equipment market research report covers findings with predictions and forecasts till 2025.

Regional Overview

The commercial refrigeration equipment market, with its product and service related segments, is spread across the world. Commercial refrigeration equipment based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The demand for eco-friendly refrigerants is anticipated to be a major factor for growth across the commercial refrigeration equipment space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The commercial refrigeration equipment sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Commercial refrigeration equipment based businesses in these regional markets are anticipated to grow due to the adoption of eco-friendly refrigerants during the forecast period 2019 to 2025. Although the market’s growth could be affected by growing concerns related to the cost. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape

commercial refrigeration equipment based organizations are profiled in the market research report. The commercial refrigeration equipment market along with companies and segments has been studied. The analysis of commercial refrigeration equipment based business is also done to identify key challenges and strengths of these companies. The global commercial refrigeration equipment market research report covers SWOT analysis, Porter’s Five Force analysis of major commercial refrigeration equipment related organizations. The strategy and other key details of these companies for the forecast period 2019 to 2025 are covered in the report. The trend to adopt eco-friendly refrigerants is anticipated to support the market growth as the market is set to grow at a CAGR of 6.78% and reach a value of US$10, 036.9 million by 2025.

Industry News

C.E. Holt Refrigeration, Inc., a professional refrigeration corporation located in Charlotte has been purchased by CoolSys, the majority owner of market-leading refrigeration services firms around the world. CoolSys also has a stronger footprint in North and South Carolina and Georgia, both of which are key growth markets for the firm. C.E. Holt Refrigeration, founded in 1961 by C.E. and Helen Holt, is a major grocery store in the Southeast. It provides operation, construction, and light repair installation to consumers in the country, based on long-standing relationships.

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