Regardless of destination or segmentation on the basis of their application, sales of commercial refrigeration systems will continue to grow worldwide.
By Dan Orehov
One of the current key trends in the segment of commercial refrigeration systems in customization depending on the demand of the user. For example, according to the latest report by Future Market Insights (FMI), expanding food chain, mostly in tier II and tier I cities in developing regions is significantly driving growth in this area. Customization also refers to the destination of said systems, retail or foodservice, i.e. grocery stores, supermarkets, convenience stores and on the other side of the spectrum, restaurants, hotels, cafeterias etc.
The global commercial refrigeration system market is also segmented on the basis of refrigerant types that arehydro chlorofluorocarbon (HCFC), hydro fluorocarbon (HFC), hydrocarbon (HC), inorganic which includes ammonia and carbon dioxide.
“The refrigerants markets which are used in refrigeration systems are expected to grow at a CAGR of 5 to 7% and fuel the growth of global refrigeration system market but the use of some refrigerants is leading to greenhouse effect and is giving way to the use of green refrigerants,” FMI explains.
Overall, the global commercial refrigeration system market is estimated to grow almost two fold during the forecast period and register double digit CAGR. North America is the market in terms of revenue share, followed by ...