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[225+ Pages PDF Report] According to a research report from Facts and Factors, the global commercial cold equipment market in 2019 is approximately USD 32.59 Billion. The market is expected to grow at a CAGR of 6.9 % and is anticipated to reach around USD 51.78 Billion by 2026.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the commercial cold equipment industry. The report analyzes and declares the historical and current trends analysis of the commercial cold equipment industry and subsequently recommends the projected trends anticipated to be observed in the commercial cold equipment market during the upcoming years.
The commercial cold equipment market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire commercial cold equipment market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the commercial cold equipment industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the commercial cold equipment industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the commercial cold equipment market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the commercial cold equipment industry. The commercial cold equipment market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the commercial cold equipment sector. Key strategic developments in the commercial cold equipment market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the commercial cold equipment market are appropriately highlighted in the report.
Stringent regulation in wake of the depleting ozone layer has led to the adoption of new eco-friendly refrigeration technology wherein old systems are been phased out. Additionally, the rise in demand for packaged food and beverages has led to the expansion of food retailers and supermarkets which in turn have led to significant growth of the commercial cold equipment market. Changing the lifestyle of consumers wherein the preference for dining out across the globe is likely to drive the hospitality sector thereby propelling the commercial cold equipment market further.
The western region is witnessing a change of pattern of food consumption wherein seafood consumption has increased considerably as against the meat. With this changing pattern, the global food industry is focusing on seafood exports which create growth opportunities for the commercial refrigeration system manufacturers to handle extra seafood. Innovation in magnetic refrigeration systems and other evolving technologies are expected to positively impact market growth.
The commercial cold equipment market research report delivers an acute valuation and taxonomy of the commercial cold equipment industry by practically splitting the market on the basis of different product types, refrigerants, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the commercial cold equipment industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the commercial cold equipment industry is provided for the leading economies of the world.
The commercial cold equipment market is segmented based on product type, refrigerant, and Application. On the basis of product type segmentation, the market is classified into refrigerator & freezer, transportation refrigeration, refrigerated display cases, beverage refrigeration, ice cream merchandiser, and the refrigerated vending machine. On the basis of refrigerant, the market is bifurcated into fluorocarbons, hydrocarbons, and inorganics. In terms of Application segmentation, the market is bifurcated into hotels & restaurants, supermarkets & hypermarkets, convenience stores, and bakery.
Some of the essential players operating in the Commercial Cold Equipment Market, but not restricted to include Daikin Industries, Ltd., Carrier Commercial Refrigeration Inc, Dover Corp., Emerson Electric Company, GEA Group AG, Johnson Control Inc., and Haier Group Corp.
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