Recovering Economic Conditions will Drive Supply and Demand
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.
According to the report, World Commercial Refrigeration Equipment — which forecasts for 2018 and 2023 by commercial refrigeration product, across 21 countries worldwide — recovering economic conditions will drive demand, given that purchases of commercial refrigeration equipment were postponed through much of the 2003-2008 period due to the global economic downturn.