Commercial Refrigeration Equipment Market new

The study reveals that among the various equipment types, walk-in coolers has been leading the commercial refrigeration equipment revenues. The
ice-making machinery is expected to be register highest growth among all equipment types during the forecast period, owing to the expansion of
restaurant chains in urban and semi-urban areas of developing countries. Among the various applications of commercial refrigeration, food service
continues to be the largest segment. Supermarkets leads the commercial refrigeration end-user revenues, owing to its large capacity and
requirement for intensive cooling.
Geographically, Asia-Pacific has been the largest as well as fastest growing commercial refrigeration equipment market. Unlike its western
countries, the HFCs refrigerant regulation is not so stiff in developing countries of Asia-Pacific. In VI BRICS summit of 2014, all the five members
agreed over India’s proposal of not accepting the Montreal Protocol for HFCs, unless other cost-effective alternatives technologies are provided by
the developed countries to them. Until that, the HFCs regulation would be regulated with existing Kyoto Protocol. However, the effort to reduce the
dependency on HFCs is in process in China.
U.S. remains the major market among the countries, globally, whereas the market in China is expected to grow at highest rate during the forecast
period. The capital investment in the U.S. market has improved after the economic slowdown. The increased purchasing power of the consumers
has also boosted the foodservice industry and restaurants in recent years. Technical improvements, such as use of proximity sensors, LED lighting
systems, and increased adoption of enclosed type refrigeration units, is expected to accelerate the demand for new commercial refrigeration
equipment, over the existing units in the U.S. market.
Explore report at: https://www.psmarketresearch.com/market-analysis/commercial-refrigeration-equipment-market
The major strategic development in the market during the recent years includes product launch, client win, and mergers and acquisitions. Some of
the major players in the market include United Technologies Corporation, Johnson Controls, Daikin Industries, Dover Corporation, Hussmann
Corporation, AB Electrolux, Frigoglass S.A.I.C., AHT Cooling Systems GmbH, Ali Group S.p.A., and Illinois Tool Works Inc.
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