June 17, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, June 17, 2022 (GLOBE NEWSWIRE) -- The global commercial refrigeration equipment market is estimated to attract growth at a CAGR of 6.7% during the forecast period of 2022 to 2031, states a review by Transparency Market Research (TMR). Hence, the market is projected to gain a valuation of US$ 75.34 Bn by 2031.
The TMR study focuses on offering in-depth analysis on different aspects impacting the growth trajectory of the commercial refrigeration equipment market. Moreover, it sheds light on a wide range of products available in the market including the best commercial refrigerators in 2022 for restaurants.
Companies operating in the commercial refrigeration equipment market are utilizing different strategies such as collaborations in order to maintain their prominent positions. Moreover, they are investing heavily in product innovations and launching next-gen products. This aside, players are increasing awareness about their available product ranges and providing the complete guide to commercial refrigeration. These efforts are resulting into sizable increase in their products sales, which in turn, is propelling the global commercial refrigeration equipment market, according to analysts at TMR.
The commercial refrigeration equipment market in Asia Pacific is likely to attract notable growth opportunities during the forecast period due to factors such as rise in number of supermarkets and hypermarkets and increase in urbanization across several regional nations. This aside, the Asia Pacific commercial refrigeration equipment market is being driven by rise in spending on the development of private & public infrastructure and expansion of the regional manufacturing sector, note researchers at TMR.
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Commercial Refrigeration Equipment Market: Key Findings
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Commercial Refrigeration Equipment Market: Growth Boosters
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Commercial Refrigeration Equipment Market: Key Players
Some of the key players profiled in the report are:
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Commercial Refrigeration Equipment Market Segmentation
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