Europe Commercial Refrigeration Equipment Market | Industry Analysis, Size, Share, Growth, Trends And Forecast -2027

Chetana Gardas

Sep 16, 2022 • 3 min read

Commercial Refrigeration Equipment Market Overview:

The Commercial Refrigeration Equipment market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' competitive impact on the Commercial Refrigeration Equipment market.

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Global Commercial Refrigeration Equipment Market is anticipated to reach US$ 43.73Bn by 2027 from US$ 28.7Bn in 2020 at a CAGR of 6.2% during a forecast period.

Market Scope:

This Commercial Refrigeration Equipment market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, categorical market growth, application niches, and dominance, product approvals, product launches, and geographic expansion.

Drivers:

The market for commercial refrigerators in Europe is predicted to grow as a result of changing consumer preferences for fast food, an increase in dual-family households, and a hectic lifestyle. People are leaning more in the direction of prepared foods, like frozen foods with high nutritional values. Additionally, it is anticipated that a key factor in the region's rapid expansion of the retail chain for consumer goods will be the increased demand for packaged food and beverages, hospitality industry growth, and commercial refrigerator adoption.

Increased urbanisation and the growth of supermarkets and hypermarkets tend to increase demand for basic daily necessities like dairy goods like cheese, cream, and plain yoghurt. Similarly, raw produce that must be preserved at low temperatures to prolong shelf life is what powers commercial refrigeration equipment in Europe.

Segmentation:

The exploration of international flavours, rising milk and dairy product production, and rising consumer preference for various regional cuisines are expected to fuel the segment's growth.

Application-wise, the need for commercial refrigeration equipment is driven by the need to transport items that must maintain a specific temperature, including food, beverages, medicines, and chemicals. The retail market for food and beverages is expected to have the highest volume of demand. About a third of all commercial refrigeration equipment sold in 2019 was made up of it. These two industries—foodservice and food and beverage retail—accounted for 52.2% of the market's overall revenue in 2019.

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Key Players: The key players are

• York (Johnson Controls)
• Metalfrio Solutions, Inc
• Interlevin Refrigeration Ltd
• Epta S.p.a
• Hubbard Products Ltd
• Ingersoll Rand Plc
• Dover Corporation (Hill Pheonix)
• Illinois Tool Works Inc
• FrigoGlass
• Carrier
• United Technologies Corporation
• Standex International Corporation
• The Manitowoc Company, Inc.
• Johnson Controls International Plc
• GEA Group AG
• Welbilt, Inc

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Regional Analysis:

The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast the market situation for various countries' growth.

COVID-19 Impact Analysis on Commercial Refrigeration Equipment Market:

The report also discusses how COVID-19 impacted the Commercial Refrigeration Equipment market.

Key Questions Answered in the Commercial Refrigeration Equipment Market Report are:

Which segment had the largest share in the Commercial Refrigeration Equipment market?
How is the competitive landscape of the Commercial Refrigeration Equipment market?
Which are the key factors impacting the Commercial Refrigeration Equipment market growth?
Which region has the maximum share in the Commercial Refrigeration Equipment market?
What will be the CAGR of the Commercial Refrigeration Equipment market during the forecast period (2021-2027)?

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