According to a recent report from Reports and Data, the projected value of the global market for commercial refrigeration equipment is expected to reach USD 53.23 Billion by 2026. The purpose of refrigeration is to extract excess heat from a source or material, thereby maintaining a temperature lower than its surroundings.
Commercial refrigeration equipment is primarily used to preserve various food items, including fruits, vegetables, meat, and other perishable goods, by maintaining extremely low temperatures and extending their shelf life. The industry is witnessing a shift towards energy-efficient and sustainable technology as a replacement for conventional equipment. Some refrigeration equipment is specifically designed to rapidly cool heated food, effectively addressing concerns related to bacterial growth.
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Top Companies Operating in the Global Commercial Refrigeration Equipment for Convenience Stores Market Report:
Carrier Corporation, Heatcraft Worldwide Refrigeration, Baltimore Aircoil Company, Henry Technologies, Emerson Electric Company, Carnot Refrigeration, Danfoss, Bitzer, Hillphoenix, and Rockwell Industries Limited
Major Driving Factors of Commercial Refrigeration Equipment for Convenience Stores Market
- Increasing Demand for Preserved Food: The rising demand for preserved food products, including fruits, vegetables, dairy products, meat, and seafood, is driving the need for efficient commercial refrigeration equipment. These systems help maintain the freshness and quality of perishable goods during storage, transportation, and display.
- Growing Food Service Industry: The expanding food service industry, including restaurants, cafes, hotels, and catering services, is fueling the demand for commercial refrigeration equipment. These establishments require reliable refrigeration systems to store and showcase food items while adhering to food safety regulations.
- Stringent Food Safety and Quality Standards: Stringent regulations and standards pertaining to food safety and quality play a significant role in driving the Commercial Refrigeration Equipment for Convenience Stores Market. Businesses need to comply with these regulations to ensure the preservation of food freshness, prevent spoilage, and minimize the risk of contamination.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
- Refrigerator Freezer
- Transportation Refrigeration
- Refrigerated Display Case
- Beverage Refrigeration
- Ice Cream Merchandiser
- Refrigerated Vending Machine
Refrigerant Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
- Fluorocarbons
- Hydrocarbons
- Inorganics
Application Industry Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
- Hotels and Restaurants
- Convenience Stores
- Market Size Projection
- Bakeries
- Supermarkets Hypermarkets
- Others
Key Takeaways of the Global Commercial Refrigeration Equipment for Convenience Stores Market Report:
- A comprehensive overview of the global Commercial Refrigeration Equipment industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Commercial Refrigeration Equipment for Convenience Stores Market.
- Elaborate study of the leading regional markets in the global Commercial Refrigeration Equipment for Convenience Stores Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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