Commercial Refrigeration Equipment Market Slated to Reach a Market Value of US$ 45913.5 Million by 2026

The international commercial refrigeration equipment market is set to exhibit a 5.0% CAGR throughout the projection period 2016–2026. The international market is expected for a market value of about US$ 28.09 billion by 2016 end and is slated to reach a market value of US$ 45913.5 Million by 2026 end.

The international commercial refrigeration equipment market is categorized in terms of Product Type, Application type and by region.

The transportation refrigeration segment is likely to record the highest CAGR of 5.9% pertaining to valuation, during the estimated period whereas the refrigerator and freezer division had accounted for a market value of nearly 30.8% shares by 2016 end. The segment is anticipated to lead the international and is likely to be valued at nearly US$ 8649.3 Million by 2016 end along with is poised to register a 4.7% CAGR during the forecast period.

The food and beverage production segment is predicted to grow at CAGR of 4.7% in terms of value during 2016–2026 and was projected to account for 32.3% value share by 2016 end.

Based on region, the market is sub-segmented into Latin America, Middle East and Africa North America, China, APAC, EU, EEA and other CIS Countries. The North American market is likely to be the highly productive region in the international market along with an anticipated 29.5% of market share by the end of 2016. However, the Chinese market is projected to surpass all other regions on the basis of CAGR during the assessment period. Several countries in the APAC region are expected as an emerging market and are projected to account for a market share of 19.4% in terms of value, by the end of 2016. The APAC region is expected to record a strong CAGR 5.3% throughout the eight years forecast.

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