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Commercial Refrigeration Equipment Market Trends

Report ID: GMI414
Published Date: Aug 2023
Report Format: PDF

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Commercial Refrigeration Equipment Market Trends

The escalating demand for transportation refrigeration is the major factor contributing to the market expansion. With the continuous evolution of global trade and supply chains, the need for reliable cold storage solutions to support the safe and efficient transport of perishable goods has steered the adoption of transport refrigeration equipment. Furthermore, the ongoing innovations for enhancing sustainable development in the cold chain market has compelled industry participants to accelerate their efforts towards supply electrified refrigeration solutions.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size for commercial refrigeration equipment is estimated to record more than 3.5% CAGR from 2023 to 2032, driven by the increasing demand for refrigeration solutions in the food and beverages production sector.

The refrigerator & freezers segment is projected to expand at over 4% growth rate through 2032, owing to their widespread usage in supermarkets, convenience stores, and hypermarkets.

Indian commercial refrigeration equipment industry is expected to witness around 5% gains up to 2032, attributed to the increasing demand for packaged and ready-to-eat foods in the country.

Parker Hannifin Corp., Johnson Controls, Emerson Electric, GEA Group AG,0020AB Electrolux, Ingersoll-Rand, Plc., Danfoss A/S, Hussman Corporation, Daikin Industries Ltd., and Lennox International are some of the top companies engaged global market.