Commercial Refrigeration Equipment Market Latest Trends 2021 Regional Demand, Covid-19 Impact Analysis, Geographical Segmentation and Investment Opportunities till 2030

In a recent published report, Kenneth Research has updated the market report for Commercial Refrigeration Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Commercial Refrigeration Equipment Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

As per the latest report published by Variant Market Research, Global Commercial Refrigeration Equipment Market is estimated to reach $51.6 billion by 2024; growing at a CAGR of 6.1% from 2016 to 2024. Commercial refrigeration equipment is used to remove heat from a room or unit in order to designate a cold or freezing area in which to store food, medicine, or other items which must be stored at those temperatures. Growing number of supermarket and hypermarket in emerging regions has surged the demand of energy resourceful equipment in the recent times. Besides, rising disposable income, rapid industrialization, and various other analytical shifts has led to noteworthy change in food & beverage expenditure over the past years.

Rising number of specialty food stores, supermarkets, and hypermarkets worldwide, and rising international food trade are the primary factors to drive the growth of the global commercial refrigeration equipment market. Though, increasing fuel costs, and strict environmental regulations might restrict the market growth. Moreover, surging demand for chilled & frozen products, and growth of cold supply chains is expected to pose numerous growth opportunities for the market in the given forecast timeframe.
The global commercial refrigeration equipment is segmented into equipment type, and geography. By equipment type, the segment comprises walk-in coolers, display cases, beverage refrigeration, parts, ice making machinery, and other equipment.

Based on geography, global commercial refrigeration equipment market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

Key players operating in the market include, Hussmann Corporation, AHT Cooling Systems GmbH, Daikin Industries, Ltd., Dover Corporation, Haier, Inc., AB Electrolux, United Technologies, Whirlpool Corporation, Illinois Tool Works Inc., and Ingersoll Rand plc, among others.

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The key takeaways from the report
The report will provide detailed analysis of Global Commercial Refrigeration Equipment Market with respect to major segments such as equipment type, and geography

The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Commercial Refrigeration Equipment Market has been included in the report

Profile of the key players in the Global Commercial Refrigeration Equipment Market will be provided, which include key financials, product & services, new developments and business strategies

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Scope of the Global Commercial Refrigeration Equipment Market
Equipment Type Segments

Walk-In Coolers
Display Cases
Beverage Refrigeration
Ice Making Machinery
Other Equipment Types
Geographical Segments

North America
Rest of Europe
Rest of Asia-Pacific
South America
Middle East

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