Commercial Refrigeration Equipment Market

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2www.marketresearchfuture.comCommercial Refrigeration Equipment Market Research Report - Forecast to 2025Global Commercial Refrigeration Equipment Market Research Report: Information by Equipment Type(Display Cases, Walk-in Coolers, Beverage Refrigeration, Ice Making Machineries, Parts and others), byApplication (Food Manufacturing Industries, Hyper Markets, Super-Markets and others) and Region(North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025The Global Commercial Refrigeration Equipment Market is set to touch a valuation of more than USD 54.59 Billion by 2025,ventures Market Research Future (MRFR). It is also expected to record an approximate CAGR of 5.98% during the forecastperiod (2018-2025).Key vendors shaping the worldwide commercial refrigeration equipment market include Johnson Controls, Inc., ABElectrolux, AHT Cooling Systems GmbH, Daikin Industries Ltd, United Technologies Corporation, Hussmann Corporation, AliGroup SpA, Illinois Tool Works Inc., Dover Corporation, to mention a few.Key Questions Addressed by the Report-• What was the historic market size (2018)?• Which segmentation (equipment type/application) is driving market growth?• What will be the growth rate by 2025?• Who are the key players in this market?• What are the strategies adopted by key players?
3www.marketresearchfuture.comCommercial Refrigeration Equipment Market Research Report - Forecast to 2025Market Boosters and Key BarriersSoaring demand for frozen food, packaged food products, and bakery products is expected to benefit the commercialrefrigeration equipment market. With the aim of reducing carbon footprints, various manufacturers are now concentratingon building commercial refrigeration equipment that consumes less or limited amount of energy. The United States (U.S.)Department of Energy and Environmental Protection Agency also implemented regulations and standards for commercialrefrigeration with the intention of encouraging energy efficiency and limiting its impact on the environment. therefore, in abid to comply with new regulations, vendors are making substantial investments in development of new refrigerationsystem with sophisticated technology.A number of manufacturers are also redesigning their products to cater to the new standards. They are also sourcing newmaterials, in addition to pursuing safety certifications to provide sustainable product in the market. Supermarkets areconsidered as the most energy-intensive retail business, with a large portion of their electricity spent on refrigerationsystem. To curb this issue, supermarkets are now opting for commercial refrigeration equipment which could help them cutdown on power consumption. This is yet another factor that is expected to elevate the market to greater heights in the nearfuture.Speaking of advancement in technologies, vendors are now working on smart refrigeration systems that are equipped withsensors. These sensors help control temperature and also facilitate temperature monitoring of refrigeration units. Further,low-power wireless solutions are being created to bring down the cost of manual monitoring of refrigerator units.Get Report Sample@ https://www.marketresearchfuture.com/sample_request/687
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