various regions is driving the demand for food and beverages and in turn it enhances the
growth of the global commercial refrigeration market. The increasing investments in the
production, distribution and transportation of food and beverages are expected to drive the
demand for commercial refrigeration market, as there is need for preservation during all
these phases. Moreover, the introduction of zero emission refrigeration systems for
transportation is expected to drive the growth of the commercial refrigeration market, as it
could improve the supply chain of food & beverages and retail sectors. Introduction of
modular units of commercial refrigeration systems and availability of advanced controls for
compressor protection are expected to generate demand from both consumers with
modular kitchens and food service sector. The energy efficient commercial refrigeration
systems with good cooling capacities generate demand from the hospitality sector. The food
service segment accounts for significant share of revenue in the global commercial
refrigeration market. The stringent regulations regarding the use of toxic refrigerants and
promotion of eco-friendly refrigerants by governments are anticipated to drive the growth of
the commercial refrigeration market. The introduction and adoption of advanced
technologies in monitoring and controlling of refrigeration systems through predetermined
settings or remotely through Wi-Fi-enabled systems are expected to generate demand from
food & beverages, and hospitality sectors. Moreover, introduction of eco-friendly
refrigerants, cascade refrigeration systems based on variable speed compressors, and other
energy efficient refrigeration systems are anticipated to further enhance the growth of the
commercial refrigeration market during the forecast period 2017-2023.
Fluctuating fuel prices, stringent regulations for part suppliers and OEM’s, and slow pace in
upgradation as well as replacement of old commercial refrigeration systems are the major