Published on : Sep 26, 2019
Albany, New York, September 26, 2019: Commercial food refrigeration equipment include refrigerators & freezers, beverage dispensers, ice machines, ice cream machines, refrigeration vending machines and display cases. These equipment perform the vital function of refrigerating perishable and semi-perishable food at an optimal temperature prior to being served.
Growing urbanization has fuelled the demand of frozen food and food products in end-users, including supermarkets, restaurants, convenience stores, warehouses and hyper market. Further, rapid shift in food consumption patterns display positive impact on growth of commercial food refrigeration equipment market.
Increase in geographical network of food service equipment and awareness in commercial restaurants are set to act as a catalyst in reinforcing growth in commercial food refrigeration equipment landscape. As such, commercial food refrigeration market is expected to see expansion of ?6% CAGR during the forecast period.
These insights are according to the intelligence report, titled, “Commercial Food Refrigeration Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” which has been freshly added to Market Research Hub’s (MRH) over-arching repository.
Synthetic Refrigerants Make Way for Natural Refrigerants
High energy consumption by commercial refrigeration equipment inflates the operational cost of small food processors and poses as the biggest challenge before the food sector. Grocery stores and local markets face budgetary constraints and view commercial refrigeration equipment as a non-viable option.
Rising concern about global warming has initiated a global phasedown of hydroflurocarbons, forcing the developed and developing countries to reduce man-made greenhouse gases emission. Manufacturers in commercial food refrigeration equipment market are working towards replacing synthetic refrigerants with natural refrigerants and are experimenting to develop new solutions with reduced environmental impact.
Walk-in refrigerators in demand
Growing food service sector and food distribution network provide impetus to the growth of commercial food refrigeration equipment market in Asia Pacific. The demand for frozen food in Europe and North America significantly drives the sale of commercial food refrigeration equipment that include freezers, walk-in refrigerators and blast freezers. South America and Middle East markets are expected to display a moderate growth in commercial food refrigeration equipment market.
Key players profiled in global commercial food refrigeration market are Daikin Industries, Blue Start Limited, Danfoss A/S, Dover Corporation, Lennox International, Inc. and Standex International Corporation.
Commercial food refrigeration equipment market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the commercial food refrigeration equipment market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the commercial food refrigeration equipment market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on commercial food refrigeration equipment.
An insightful and deep-dive assessment of the competitive assessment of the commercial food refrigeration equipment market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the commercial food refrigeration equipment market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Commercial food refrigeration equipment market: Research Methodology
Primary sources and secondary sources propel intelligence report on commercial food refrigeration equipment market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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