Reach-in and walk-in systems accounted for the largest revenue share and they are expected to see promising growth
May 16, 2016
The global commercial refrigeration equipment market is forecast to reach $41.5 billion by 2022, with increasing demand for frozen foods and changing food consumption habits, according to a new market report published by Credence Research Inc.
The rapidly growing frozen foods industry is expected to fuel the commercial refrigeration market
October 8, 2015
The global commercial refrigeration equipment market is expected to reach $46.4 billion by 2022, according to a new report by Grand View Research Inc. Rising disposable income and increasing industrialization and other demographic shifts have resulted in considerable changes in food consumption over the past few years.
Market is being driven by the growth of the supermarket, hypermarket, and organized food retail chains
August 17, 2015
The global commercial refrigeration equipment market was valued at $29.6 billion in 2014 and it is expected to reach $40.9 billion by 2020, according to a report from P&S Market Research. The firm forecasts the market to grow at a compound annual growth rate (CAGR) of 5.7 percent, in terms of value, from 2015 to 2020.
The market is primarily being driven by extensive growth in the hospitality industry
July 28, 2015
The global food service equipment/commercial refrigeration market was valued at $31.54 billion in 2013, and is forecast to grow at a compound annual growth rate (CAGR) of 4.8 percent from 2014 to 2020, representing a value of $44.33 billion in 2020, according to a new market report published by Transparency Market Research.
Recovering Economic Conditions will Drive Supply and Demand
April 6, 2015
Ongoing industrialization and food retail modernization efforts in many of the world’s developing countries, such as China and India, will help grow the global commercial refrigeration equipment market to $38 billion in 2018.
Among Developed Nations, Recovering Economic Conditions Will Drive Demand
November 10, 2014
Global demand for commercial refrigeration equipment is forecast to increase 4.7 percent annually through 2018 to $36.5 billion, according to a new study from The Freedonia Group Inc., a Cleveland-based market research firm. Advances will be bolstered in large part by ongoing industrialization efforts in many of the world’s developing countries.
Awards Will Help in Advancing Energy-Saving Technology
September 10, 2014
QM Power Inc. announced that it has received two competitive funding awards from the U.S. Department of Energy (DOE) to expedite commercialization of its Q-Sync™ motor solution into the commercial refrigeration market and extend it into HVAC applications with Carrier.
Growth Expected in the Foodservice and Food Retail Sectors
May 6, 2014
Demand for commercial refrigeration equipment in the United States is forecast to increase 3.1 percent per year through 2018 to $10.7 billion, according to a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.
Krack Corp. announced that it has sold the assets of its Krack industrial refrigeration business to SGS Refrigeration Inc. Terms of the sale were not disclosed. Krack retains ownership of its commercial business.
Global demand for commercial refrigeration equipment is forecast to rise 4.6 percent per year through 2016 to $32.5 billion, an acceleration from the 2006-2011 pace, according to World Commercial Refrigeration Equipment, a new study from The Freedonia Group Inc.