By the end of 2022, the market for commercial refrigeration equipment is anticipated to be worth US$ 51.8 billion, with sales increasing 3.9% year over year.
The global commercial refrigeration equipment market is expected to be worth US$ 68.3 billion by 2028, growing at a 4% CAGR from 2022 to 2028. The market for commercial refrigeration devices is expected to grow at a CAGR of 4% over the forecast period. By the end of 2022, the commercial refrigeration equipment market is expected to be worth US$ 51.8 billion, with sales increasing 3.9% year on year.
To eventually capture a sizable market share, energy-green technologies must be used to provide products with low global warming potential (GWP) but rich functionalities.
Long-term demand for NH3/CO2 cascade systems is anticipated to increase due to its benefits for food processing and low-temperature distribution facilities. Benefits include optimum food quality, higher throughput, and minimal operational, capital, and compliance expenses. (because they are more energy-efficient than other systems per tonne of refrigeration).
One of the main causes of a responsible year-over-year increase is the rising popularity of frozen food items and ready-to-drink beverages, which fuel the commercial refrigeration equipment market.
Request a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-us-1305
Commercial refrigeration equipment and systems are widely employed in the food and beverage industry. Food and beverage investments are anticipated to increase significantly over the projection period as a result of the expanding worldwide population and rising food demand.
As demand for ready-to-eat food and beverages rises, sales of equipment such as industrial refrigerators, commercial freezers, and other refrigeration units are expected to rise.
Commercial Refrigeration Equipment Market Key Takeaways
Manufacturers who are keeping the innovation quotient high and providing turn-key solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.
Chinese Players Striving to Win Home Market?
In developed markets, rapid acceptance of alternative refrigerants to benefit from regulatory standards along with expansion of F&B processing industries continue to contribute to the development of the commercial refrigeration equipment market.
The growth of Asia Pacific’s commercial refrigeration equipment market was influenced by a shift of Asian eating habits towards western-style convenience food. With the ability to manufacture their own compressors, Chinese companies are gaining competitive edge to reign supreme in their home market with indigenous brands.
Competition Trends
In 2021, the top four stakeholders including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation collectively accounted for 20-25% revenue share. The emergence of a large number of small players in developing countries has resulted into price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.
Ask for Customization in the Report, Enquire Now @
https://www.futuremarketinsights.com/customization-available/rep-us-1305
Key Segments Of Commercial Refrigeration Equipment Industry Survey
Commercial Refrigeration Equipment Market by Product Type:
Commercial Refrigeration Equipment Market by Application:
Commercial Refrigeration Equipment Market by Region:
Ask Us Your Questions About This Report @
https://www.futuremarketinsights.com/ask-the-analyst/rep-us-1305
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Future Market Insights
Commercial Refrigeration Equipment Market review , outlook , forecast , demand , size , share , keytrends , analysis , Research , overview
May 19, 2023
Explore additional press releases related to this category.
Stay updated with the latest news and announcements.
Effective perimeter security balances robust deterrence with operational flow. By using clear boundaries like palisade fencing and integrating surveil...
Security Feb 18, 2026
Copyright © 2006 - 2026 PRnob Media, UBIC Solutions, LLC. All Rights Reserved.
