Commercial Refrigeration Equipment Market 2019 Analysis and Opportunity Assessment to 2024 - PowerPoint PPT Presentation

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Commercial Refrigeration Equipment Market 2019 Analysis and Opportunity Assessment to 2024

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The development of zero emission technology by major players in order to mitigate the environmental issues will ensure that commercial refrigeration equipment market share continues to soar in the years ahead. – PowerPoint PPT presentation

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Title: Commercial Refrigeration Equipment Market 2019 Analysis and Opportunity Assessment to 2024


1
Commercial Refrigeration Equipment Market 2019
Analysis and Opportunity Assessment to 2024
  • The development of zero emission technology by
    major players in order to mitigate the
    environmental issues will ensure that commercial
    refrigeration equipment market share continues to
    soar in the years ahead. Aided by the numerous
    research and development activities by prominent
    players and the increasing demand from the food
    and beverages sector, global commercial
    refrigeration equipment market size is expected
    to cross USD 35 billion by 2024.
  • One of the most pivotal drivers of this business
    space is the rapidly increasing demand for
    packaged food and beverages. Having been infused
    with the awareness of healthy eating, consumers
    have been depicting an interest to adopt healthy
    diets, thereby upscaling the demand for frozen
    foods. Apparently, the Academy of Nutrition
    Dietetics declares that frozen veggies and fruits
    encompass the ability to retain nutrients better
    than the fresh products that are consumed merely
    a few hours post packaging.

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2
  • Commercial Refrigeration Equipment Market
    Scenario
  • Commercial refrigeration equipment market has
    been expanding its horizon with the surging
    global demand for safer and sustainable food
    preservation techniques. Along with the provision
    of cooling at diverse storage conditions,
    equipment manufacturers are also focusing on
    minimizing the harmful environment impact of the
    refrigerants. Mandatory rollouts, especially
    across developed nations, for banning
    fluorocarbon based refrigeration that in turn
    leads to ozone depletion, are expected to further
    augment the revenue graph of commercial
    refrigeration equipment market in the years
    ahead.
  • Another pivotal driving force for the U.S.
    commercial refrigeration equipment market is the
    presence of a stringent regulatory framework in
    the region that has mandated several norms with
    regards to the use of harmful refrigerants
    resulting in global warming. Say for example,
    magnetic systems integrated with green technology
    have become rather popular in the U.S., owing to
    that fact that they possess high energy
    efficiency and require low maintenance. As per
    the U.S. Department of Energy, these systems are
    designed to provide about 30 energy savings. The
    eventually lowered GHG emissions and reduced
    operations costs would further augment the
    deployment of this technology, thereby propelling
    U.S. commercial refrigeration equipment market
    share.

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  • Regional Analysis
  • The U.S. has been forecast to be a rather
    lucrative growth hub for this vertical, the
    reason of which can be aptly attributed to the
    expanding food and beverage sector in the region.
    The country is remnant of upgraded production
    services such as microprocessor-based controller,
    improvised materials, and smart defrost systems.
    In addition, the efforts of regional players to
    reduce labor costs by transiting the production
    facilities overseas will also complement the
    market outlook.
  • Competitive Analysis
  • Key players in the industry include Dover
    Corporation, Daikin Industries, Carrier
    Corporation, Whirlpool Corporation, Electrolux,
    EdgeStar, and Haier Corporation.

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Refrigeration Equipment Market _at_
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