Market Analysis Report Commercial Refrigeration Equipment Market | Page 2

Your Catalyst to a Lucrative Business Browse Details of Report @ https://www.hexaresearch.com/research-report/commercial-refrigeration- equipment-market Applications are split into food service, food & beverage retail, food & beverage production, food & beverage distribution, and others. Food service segment includes food-serving facilities such as restaurants, schools, supermarkets, and convenience stores. It is estimated to increase owing to robust demand of cold -storage and cascade refrigeration system in the food & beverage industry in the coming years. North America, Europe, Asia Pacific, South America, and MEA (the Middle East & Africa) constitute the regional markets. North America is expected to witness substantial growth on account of higher disposable in comes and proliferation of food outlets and retail restaurants. Europe would benefit from economic revival and an expanding retail sector. Asia Pacific is likely to grow at a CAGR of 6.6% during the forecast period. Main market drivers are changing food habits, high processed food exports, rise in horticulture, and rising purchasing power of the populace. The global commercial refrigeration equipment market is highly competitive. Key players encompass Dover Corporation, Carrier Corporation, Illinois Tool Works, Electrolux, and Johnson Controls. They focus on strategic alliances (mergers, acquisitions, partnerships) and research & development of novel products to stay competitive. Market entry barriers include high capital investment, stringent regulatory environment, and increasing research & development costs. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/hvac-and- construction-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - https://www.hexaresearch.com Follow Us: