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COVID19 Impact Analysis on Commercial Refrigeration Equipment Market | Industry Share, Size, Trends and Growth Opportunities

Globally, the commercial refrigeration equipment market would exhibit the highest CAGR in the Asia-Pacific (APAC) region in the upcoming years. This is credited to the soaring population levels and the rising purchasing power of people in the region. Moreover, the setting up of several global refrigeration equipment manufacturing companies in the APAC countries, on account of the rapid growth of the quick-service restaurant sector and food chains, is propelling the advancement of the market in the region.

Out of these, the walk-in coolers category recorded the highest growth in the commercial refrigeration equipment market in the past and is predicted to exhibit rapid expansion in the future years as well. This would mainly be because of the burgeoning requirement for personalized walk-in coolers and the extensive research and development (R&D) activities being conducted by the market players for developing refrigerants having low-global-warming-potential (GWP). 



Furthermore, market players are developing walk-in coolers that have a higher efficiency than the conventionally used ones. Based on application, the commercial refrigeration equipment market is categorized into food service, food & beverage production, food & beverage retail, large pharmaceutical stores, and educational institutions.

Amongst these, the food service category will record the highest growth in the market in the future, primarily because of the increasing number of restaurant chains and the surging implementation of favorable government policies regarding the adoption of sustainable refrigeration solutions in fast food joints, hospitals, restaurants, and educational institutions.


This market research report provides a comprehensive overview of the commercial refrigeration equipment market
  • Historical and the present size of the commercial refrigeration equipment market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential



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