Pune, April 06, 2020 (GLOBE NEWSWIRE) -- The global commercial refrigeration equipment market size is predicted to reach USD 67.46 billion by 2026, Exhibiting a CAGR of 6.2% during the forecast period. The growing demand for commercial refrigeration in the food and beverage industry owing to high consumption of ready-to-eat and frozen food items across various regions. Moreover, the rising consumer shift towards healthy diet and food will have a positive impact on the commercial refrigeration equipment market growth. In addition, the implementation of advanced magnetic refrigeration technology and green technology will spur demand for commercial refrigeration, which in turn will bolster healthy growth of the market.
As per the published report by Fortune Business Insights, titled Commercial Refrigeration Equipment Market Size, Share & Industry Analysis, By Type (Refrigerator & Freezer, Transport Refrigeration, Refrigerated Display Cases, Ice Machines, and Others), By Application (Food & Beverage, Retail Stores, Hotels & Restaurants, Chemicals & Pharmaceuticals, and Others) and Regional Forecast, 2019-2026 the market size stood at USD 42.08 billion in 2018. The commercial refrigeration equipment market report offers informative insights into all the prevailing trends of the commercial refrigeration equipment market analysis. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments.
Get Sample PDF Brochure:https://www.fortunebusinessinsights.com/enquiry/sample/commercial-refrigeration-equipment-market-102584
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on this Market.Please visit:https://www.fortunebusinessinsights.com/commercial-refrigeration-equipment-market-102584
Unveiling of Innovative Refrigeration Equipment by Carrier to Boost Growth Prospects
Carrier Commercial Refrigeration, a world's leader in high-technology heating, air-conditioning andrefrigerationsolutions, launched a cool future atEuroShop 2020, the worlds largest trade fair for retail food investors. The cool future is equipped with sustainable and innovation-driven technology for commercial and warehouse refrigeration applications. The unveiling of the new commercial refrigeration equipment can be a critical factor in boosting the commercial refrigeration equipment market value during the forecast period owing to its live in-store experience, retail innovations, pioneering warehouse applications. Moreover, Victor Calvo, president, Carrier Commercial Refrigeration, said in a statement, EuroShop 2020 is the ideal place to demonstrate how our latest high-performance, versatile refrigeration equipment can boost sales for customers. He further added, we offer a range of products that can help optimize product displays and create new sales opportunities and environments, all while reducing energy consumption and environmental footprint.
The growing investment in the food and beverage industry will subsequently aid the development of the commercial refrigeration equipment market trends. As commercial refrigeration equipment has become a requirement to store bulks of food items, therefore the rising production of food and beverage will encourage the growth of the market.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/commercial-refrigeration-equipment-market-102584
Rising Disposable Income to Augment Growth in Asia Pacific
The market in Asia Pacific generated a revenue of USD 10.30 billion in 2018 and is predicted to grow rapidly during the forecast period. The growth in the region is attributed to the increasing demand for frozen food items. The focus of food manufacturers towards frozen food to cater to the need of the customers will also boost the commercial refrigeration equipment market revenue in the forthcoming years. Moreover, the rising disposable income in developing countries of Asia Pacific, such as India and China, will also consequently bode well for the market in the region. In addition, the increasing emphasis of restaurants towards fresh, hygienic, and high-quality food will spur opportunities for the commercial refrigeration equipment market in Asia Pacific. North America is predicted to witness a high growth rate during the forecast period owing to the increasing investments in the food & beverage industries. The growing number of food joints, restaurants, and hotels will also contribute positively to the growth of the market in North America.
List of the Key Companies in the Commercial Refrigeration Equipment Market are;
Quick Buy - Commercial Refrigeration Equipment Market Research Report:https://www.fortunebusinessinsights.com/checkout-page/102584
Detailed Table of Content
Continued..!!!
Get your Customized Research Report:https://www.fortunebusinessinsights.com/enquiry/customization/commercial-refrigeration-equipment-market-102584
Have a Look at Related Research Insights:
Commercial Refrigeration Compressor Market Size, Share & Industry Analysis, By Type (Reciprocating, Rotary, Screw, Others), By Cooling Capacity (Upto 1 kW, 1 15 kW, 15 100 kW, Above 100 kW), By Application (Refrigerator and freezer, Refrigerated Display Cases, Transport Refrigeration, Beverage Coolers and Freezers, Others) and Regional Forecast, 2019-2026
Road Transport Refrigeration Equipment Market Size, Share & Industry Analysis, By Install Vehicle (Van & Light Truck, Heavy Truck, Trailer), By Mode of Operation (Single Temperature, Multi-Temperature), By Power Source (Vehicle Powered, Self-Powered), By Application (Food and Beverage Products, Pharmaceutical and Other Healthcare Products, Floral Products) and Regional Forecast, 2019-2026
Food Service Equipment Market Size, Share & Industry Analysis, By Equipment Type (Cooking & Preparation Equipment, Refrigeration Equipment, Warewashing Equipment, Storage & Handling Equipment, and Others), By Sales Channel (Online, and Offline), By End-user (Full Service Restaurant, Quick Service Restaurant, Hotels & Pub Bar Clubs, and Others) and Regional Forecast, 2019-2026
About Us:
Fortune Business Insightsoffers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:Fortune Business Insights Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune- 411045, Maharashtra,India.Phone:US: +1-424-253-0390UK: +44-2071-939123APAC: +91-744-740-1245Email:sales@fortunebusinessinsights.comFortune Business InsightsLinkedIn|Twitter|Blogs
Read Press Release:https://www.fortunebusinessinsights.com/press-release/commercial-refrigeration-equipment-market-9734
The rest is here:
Commercial Refrigeration Equipment Market to Register a CAGR of 6.2%; Rising Consumer Shift towards Healthy Diet to Enable Growth, states Fortune...