Research Nester has recently announced new market demand assessment research titled “North America Commercial Refrigeration Market – Global Demand Analysis & Opportunity Outlook 2023”. The market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing &new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
Global commercial refrigeration system market is segmented on the basis of region such as North America, Europe, Asia pacific, Middle East and North Africa and rest of the world. The global commercial refrigeration system market is expected to grow at compound annual growth rate (CAGR) of 6.8% over the forecasted period i.e. 2015-2021.
North America is the leading commercial refrigeration system market in terms of revenue share. In North America region the U.S is the dominating market for commercial refrigeration system. The market was projected at USD 5.72 Billion in 2015, and it is estimated to upsurge at 3.1% CAGR for the forecasted period i.e. 2015-2021. U.S. commercial refrigeration system market is likely to be driven by development in the food and service industry and changing consumer preferences for food.
Rising demand for frozen and chilled products, technological improvements in commercial refrigeration systems, development of cold chain facility and government allowances for energy-efficient products are the main growth drivers of the commercial refrigeration system market over the forecasted period i.e. 2015-2021.
Intensifying fuel prices, the Montreal and Kyoto protocol (Substances that Deplete the Ozone Layer) and some existing energy inefficient products are some major challenges faced by the industry in the upcoming years.
Analysis By Refrigeration Type
- Arehydro Chlorofluorocarbon (HCFC)
- Hydro Fluorocarbon (HFC)
- Hydrocarbon (HC)
Analysis By Product Type
- Beverage Refrigeration
- Freezers & Refrigerators
- Transportation Refrigeration
- ENTEC services, inc.
- Dover Corporation
- Heatcraft Worldwide Refrigeration
- Anthony International
- Heat transfer product group
- Blissfield manufacturing company
- North America (United States / U.S., Canada)
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