U.S. Commercial Refrigeration Systems Market to Increase at a 3.2 % CAGR by 2025
Unprecedented opportunities for manufacturers, distributors, and HVAC contractors
Future Market Insights (FMI) delivers key insights on the commercial refrigeration systems market in its latest report titled, “Commercial Refrigeration System Market: U.S. Industry Analysis and Opportunity Assessment, 2015-2025.” According to the report, the U.S. commercial refrigeration systems market is projected to expand at a compound annual growth rate (CAGR) of 3.2 percent in terms of value over the forecast period.
Commercial refrigeration systems are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C) options. Commercial refrigeration systems are mainly used in hypermarkets, supermarkets, convenience stores, warehouses and distribution centers, foodservice industries, and food and beverage production units. Commercial refrigeration systems include products such as ice machines, vending machines, beverage refrigeration equipment, refrigerated display cases, trailers, trucks, containers, and walk-in and reach-in refrigerators. Commercial refrigeration systems also include various components such as compressors and refrigerants. Refrigerants mainly used in commercial refrigeration systems include R-507A, R-417A and R-422A. The selection of a refrigerant depends on various properties such as non-corrosiveness, global warming and ozone depletion potential, inflammability, toxicity, cost, erosional properties, leak-detection capability, and thermodynamic properties.