The report on Commercial Refrigeration Market by application (food & beverage industry,
distribution, retail), product type (beverage refrigerators, chillers, display cases, freezers&
refrigerators, ice-making machinery, transportation refrigeration system, parts) trends
analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in
the main geographies such as North America, Europe, Asia-Pacific, Rest of the World.
According to the report the Global Commercial Refrigeration Market is projected to grow at
a CAGR between 5% and 6% in terms of value over the period of 2017-2023. The growth in
the world market is primarily driven by significant contribution by North America (Leading
region) region to this market.
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Market Insights
Intense competition among existing companies, increasing investments in research &
development and product innovation, large global distribution networks, expanding online
retail presence and entry of smaller players in matured economies characterize the global
commercial refrigeration market.
Changing lifestyle of consumers, increasing number of female professionals, increasing
demand for packaged foods & beverages, and stringent regulations regarding food
production, preservation as well as energy consumption drives the growth of the global
commercial refrigeration market. Increasing demand for frozen food and vegetables in
various countries to cope up with the hectic work schedule, drive the growth of the
commercial refrigeration market. The rapid growth of retail sector and cold food chains in