Refrigeration Equipment Market

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Refrigeration Equipment Market Research Report - Forecast to 2025
Regional Outlook
The geographical distribution of the global Refrigeration Equipment Market covers North America, Asia Pacific (APAC),
Europe, and the rest of the world (RoW).
In 2018, APAC acquired the top position in the global Refrigeration Equipment Market, with North America and Europe in
the second and third spot, respectively. The APAC Refrigeration Equipment Market gets immense support from the rising
demand for display cases as well as walk-in coolers. Soaring fresh food consumption rate, mounting demand for frozen
foods and improved living standard has done wonders for the market in the region. Ice-making machineries are expected to
note the highest demand in the region, given the expansion of restaurant chains across urban and semi-urban areas in
developing nations.
North America, with the second-largest share in the Refrigeration Equipment Market, is benefitted from the busy lifestyles
led by the people. These people spend close to half of their food expenses outside their homes, which sets the pace of the
market in the region. Beverage refrigeration and display cases are touted to be the fastest-growing segments during the
appraisal period, thanks to the increasing food retail outlets and expanding floor area of retail stores. With the growing
average floor space of prominent grocery and food retailers in the region, new refrigeration equipment is increasingly being
installed in these stores.
The Refrigeration Equipment Market in Europe has reached the saturation point and is witnessing comparatively lower
growth rate compared to other regions. With that said, the regional market is predicted to note better growth in the coming
years, on account of the economic recovery, which is giving rise to replacement and repair of the existing commercial
refrigeration equipment. Data experts are optimistic about the market growth in Europe during the forecast period,
considering the stabilization of the economy and high urbanization.
RoW includes South America and the Middle East & Africa. RoW makes extensive use of commercial refrigeration
equipment in the construction and manufacturing industries. The region’s future holds much promise, as there are
indications of the construction and manufacturing industries expanding significantly.