The Asia-Pacific commercial refrigerator market is anticipated to grow with a considerable CAGR of 6.5% during the forecast period (2020-2026). Growing urbanization coupled with the expansion of the foodservice industry is the major factor fueling the growth of the market across the region. Additionally, the fast pace development of convenience stores, hypermarkets, supermarkets, grocery shops, and restaurants across the region is also creating significant demand for commercial refrigerators thus, aiding to the growth of the market. Significant growth in the glass display merchandiser is expected to be witnessed in the region in the near future.
Browse the full report description Asia Pacific Commercial Refrigerator Market Size, Share & Trends Analysis Report By Refrigerant Type (Hydrochlorofluorocarbon, Hydrofluorocarbon, Hydrofluoroolefins, and Other), By Application (Foodservice Industry, Beverage Industry, Frozen Food, & Ice Cream Industry, and Research, Laboratory & Pharmaceutical Storage), Forecast Period 2020-2026 at https://www.omrglobal.com/industry-reports/asia-pacific-commercial-refrigerator-market
A significant shift from fluorinated refrigerants to natural refrigerants owing to the increasing global warming concern is also being observed across the region. Asia Pacific’s countries such as India, Japan, China, Australia, and New Zealand are actively participating in reducing the consumption of harmful refrigerants such as hydrofluorocarbons (HFCs) for commercial refrigeration. For instance, recently Japan revised its F-gas law and has set GWP targets per product group, that is required by each and every manufacturer to reach by a certain target year. Similar laws have been registered in other countries also of the region.
Market Coverage
o By Refringent Type
o By Application
o India
o China
o Japan
o Rest of Asia Pacific
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
Asia-Pacific Commercial Refrigerator Market Report Segment
By Refrigerant Type
By Application
Asia-Pacific Commercial Refrigerator Market Report By Geography
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