The global commercial refrigerator market is anticipated to grow with a considerable CAGR of 5.7% during the forecast period (2020-2026). The growth of the market is mainly attributed to the continuously expanding FMCG sector across the globe. In the FMCG category, global companies such as PepsiCo, Cola-Cola and Procter & Gamble among others offer various products including pre-packaged food, beverages, chocolates, and ice creams that are required to be refrigerated before selling to the customer. Additionally, the strengthening of international food trade and high export-import activities across the globe of food products are also impacting the adoption of on-the-go refrigeration which in turn will aid in the market growth.
Browse the full report description of "Global 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/commercial-refrigerator-market
Furthermore, the penetration of e-commerce, hypermarket, supermarket is growing significantly especially in developing regions such as Asia-Pacific, Middle East, and Africa. Such stores require stocking of a huge amount of temperature-sensitive products. This in turn, will increase the adoption of commercial refrigeration in these regions. In addition to this, the foodservice industry of developing regions is also experiencing significant improvement. The demand for quick service restaurants and ready to eat food products which require refrigeration has significantly increased in the last decades. Such trends are expected to be witnessed in the near future; which is expected to fuel the growth of the market.
Market Coverage
o By Refrigerant Type
o By Application
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Commercial Refrigerator Market Report Segment
By Product Type
By Application
Global Commercial Refrigerator Market Report Segment
North America
Europe
Asia-Pacific
Rest of the World