Global Refrigeration Equipment Market
Refrigeration Equipment Market Size And Forecast
According to Verified Market Research, the Global Refrigeration Equipment Market was valued at USD 15.81 Billion in 2019 and is projected to reach USD 23.39 Billion by 2027, growing at a CAGR of 5.16% from 2020 to 2027.
Global Refrigeration Equipment Market Overview
The growing demand for packaged frozen food among consumers can be witnessed owing to rapid urbanization and changing lifestyles & preferences, which in turn has raised the importance of refrigeration for food processing, preservation, and transportation. Furthermore, several technological advancements made in the field of refrigeration systems present a great opportunity for market growth over the forecast period.
Global Refrigeration Equipment Market: Segmentation Analysis
The Global Refrigeration Equipment Market is segmented on the basis of refrigerant type, application, component, and geography.
Global Refrigeration Equipment Market Competitive Landscape
The “Global Refrigeration Equipment Market” study report will provide a valuable insight with an emphasis on the global market including some of the major player’s such Johnson Controls International Plc, Emerson Electric Co., GEA Group Aktiengesellschaft, Daikin Industries, Ltd, Dover Corporation, Bitzer SE, and Others.
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