© 2017 Global Market Insights, Inc. USA. All Rights Reserved Commercial Refrigeration Equipment Market growth outlook with industry review and forecasts : Global Market Insights, Inc.

 The Commercial Refrigeration Equipment Market in retail applications will grow to over 4 million units by 2024 due to the increasing adoption of beverage refrigerators and display cases in supermarkets, grocery stores, and bakery stores.Commercial Refrigeration Equipment Market  With the increasing penetration of supermarket chains across the globe, the popularity of centralized and multiplex refrigerators is increasing rapidly.  Governing bodies, such as the Environmental Protection Agency, are offering incentives to develop technologically-advanced products to improve the energy efficiency.  Commercial Refrigeration Equipment Market size is set to exceed USD 35 billion by 2024; according to a new research report by Global Market Insights, Inc. The shipments are predicted to grow at around 1.5% CAGR from 2018 to © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Scenario of Hvac Industry

 Growing consumption of meat and meat products is expected to propel the commercial refrigeration equipment market growth over the forecast timespan. According to the World Health Organization, the annual meat production is expected to increase to 376 million tons by  Rising food prices are propelling the consumers to opt for cheaper options such as frozen meat. The poultry production & export from Latin America is increasing rapidly, driving the commercial refrigeration equipment market growth.  Urbanization is one of the key factors in the growth of the commercial refrigeration equipment market. Urbanization and increasing disposable income of the consumers are encouraging them to switch to healthier diets, thus compelling them to consume more frozen fruits & vegetables. Also, urbanization has improved the infrastructure, such as cold storages, aiding the trade of perishable foods. Continue :- © 2017 Global Market Insights, Inc. USA. All Rights Reserved

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© 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This  Competitive Analysis:  Key players in the industry include Dover Corporation, Daikin Industries, Carrier Corporation, Whirlpool Corporation, Electrolux, EdgeStar, and Haier Corporation. The industry is characterized by the intense competition among the players and the vendors are increasingly investing in developing energy-efficient and environmentally-friendly products. The supermarkets and retail chains are increasingly adopting the equipment certified by ENERGY STAR that offers approximately 40% energy savings. This is encouraging the manufacturers to developed energy star certified products.  Regional Analysis:  The Europe commercial refrigeration equipment market is characterized by the increasing trade of perishable products such as milk & milk products, fruits, and flowers. According to the International Flower Trade Association, the export of cut flowers from Europe, particularly from France and the Netherlands, is increasing rapidly, propelling the demand for the transportation refrigeration equipment in the region.

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