Refrigeration Equipment Market

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2www.marketresearchfuture.comRefrigeration Equipment Market Research Report - Forecast to 2025Global Refrigeration Equipment Market Research Report: Information by Equipment Type (Display Cases,Walk-in Coolers, Beverage Refrigeration, Ice Making Machineries, Parts and others), by Application (FoodManufacturing Industries, Hyper Markets, Super-Markets and others) and Region (North America, Europe,Asia–Pacific and Rest of the World) - Forecast till 2025The Global Refrigeration Equipment Market is set to touch a valuation of more than USD 54.59 Billion by 2025, venturesMarket Research Future (MRFR). It is also expected to record an approximate CAGR of 5.98% during the forecast period(2018-2025).Key vendors shaping the worldwide Refrigeration Equipment Market include Johnson Controls, Inc., AB Electrolux, AHTCooling Systems GmbH, Daikin Industries Ltd, United Technologies Corporation, Hussmann Corporation, Ali Group SpA,Illinois Tool Works Inc., Dover Corporation, to mention a few.Key Questions Addressed by the Report-• What was the historic market size (2018)?• Which segmentation (equipment type/application) is driving market growth?• What will be the growth rate by 2025?• Who are the key players in this market?• What are the strategies adopted by key players?
3www.marketresearchfuture.comRefrigeration Equipment Market Research Report - Forecast to 2025Market Boosters and Key BarriersSoaring demand for frozen food, packaged food products, and bakery products is expected to benefit the RefrigerationEquipment Market. With the aim of reducing carbon footprints, various manufacturers are now concentrating on buildingcommercial refrigeration equipment that consumes less or limited amount of energy. The United States (U.S.) Departmentof Energy and Environmental Protection Agency also implemented regulations and standards for commercial refrigerationwith the intention of encouraging energy efficiency and limiting its impact on the environment. therefore, in a bid to complywith new regulations, vendors are making substantial investments in development of new refrigeration system withsophisticated technology.A number of manufacturers are also redesigning their products to cater to the new standards. They are also sourcing newmaterials, in addition to pursuing safety certifications to provide sustainable product in the market. Supermarkets areconsidered as the most energy-intensive retail business, with a large portion of their electricity spent on refrigerationsystem. To curb this issue, supermarkets are now opting for commercial refrigeration equipment which could help them cutdown on power consumption. This is yet another factor that is expected to elevate the market to greater heights in the nearfuture.Speaking of advancement in technologies, vendors are now working on smart refrigeration systems that are equipped withsensors. These sensors help control temperature and also facilitate temperature monitoring of refrigeration units. Further,low-power wireless solutions are being created to bring down the cost of manual monitoring of refrigerator units.Get Report Sample@ https://www.marketresearchfuture.com/sample_request/687
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