These refrigeration systems are available in specialty stores and hypermarkets/supermarkets and can also be bought from online platforms. Owing to the growing internet penetration and ballooning use of smartphones, the sales refrigeration systems from online platforms will shoot up in the upcoming years.
This will be because of several benefits associated with shopping from online platforms, such as the ability to view product specifications before buying them and avail discounts. Geographically, the demand for commercial refrigeration equipment will rise sharply in the Asia-Pacific (APAC) region in the years to come.
As per the estimates of the market research company, P&S Intelligence, the revenue of the market will rise from $24.6 billion in 2019 to $33.9 billion by 2030. Ice merchandisers and ice vending equipment, cryogenic equipment, vending machines, liquid chillers, beverage refrigeration equipment, display showcases, and walk-in coolers are the most commonly used types of commercial refrigeration systems.
This will be because of the growing population and increasing spending power of people, especially in regional countries, such as India and China. Additionally, the growth of the quick service restaurant sector and surging number of fast-food joints are also pushing up the demand for refrigeration equipment in the region.
Therefore, it can be safely said that the demand for commercial refrigeration equipment will surge sharply across the world in the years to come, majorly because of the increasing consumption of ready-to-eat and processed foods, growing need for food products, on account of the booming global population, and expanding restaurant and tourism industries in several countries.
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