Press release
Europe Commercial Refrigeration Market Projected to Hit $2.8 Billion by 2032 with 8.5% CAGR
According to a new report, "Europe Commercial Refrigeration Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product, End User : Opportunity Analysis and Industry Forecast, 2021-2028." The report offers thorough analysis of prime investment opportunities, successful strategies, drivers, opportunities, market size estimations, competitive landscape, and evolving market trends. Europe commercial refrigeration market size was valued at $7,700.7 million in 2019, and is projected to reach $9,921.0 million by 2028, growing at a CAGR of 4.3% from 2021 to 2028.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ @https://www.alliedmarketresearch.com/request-sample/13076
The growth of the Europe commercial refrigeration industry is driven by increase in demand for frozen & chilled products among consumers due to changes in lifestyle and emergence of modern trades. Moreover, development of the organized retail sector coupled with increase in number of hypermarkets and supermarkets boosts the Europe commercial refrigeration market growth.
Europe commercial refrigeration market trends such as advancements in commercial refrigerators, integration of artificial intelligence (AI) coupled with rise in automation of equipment are anticipated to provide potential Europe commercial refrigeration market opportunities. Thus, Europe commercial refrigeration market size is expected to expand over the forecast period owing to the new offerings and development in existing product line by the key manufacturers.
Commercial refrigeration equipment are devices used in the commercial sector to preserve food items and beverages such as vegetables, fruits, meat, beer, and other similar products by maintaining a specific temperature. This helps increase the shelf life of the product making it suitable for purchase for a longer duration. Most commercial refrigeration systems are designed to reduce temperature over a period, while there are some refrigeration equipment that are specifically designed to reduce the temperature of food from around 90ยฐC to as low as 30ยฐC, in short time. The quick change in temperature helps constrain bacterial growth and maintain the freshness of food items for prolonged period.
The Covid-19 pandemic has a vital impact on the growth of the Europe Commercial Refrigeration Market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the Europe Commercial Refrigeration Market.
The market is segmented into product, end user, and country. Depending on type, the chest refrigeration segment was the highest contributor to the Europe commercial refrigeration market share. By end user, the supermarket/hypermarket segment accounted for a maximum share in the regional market in 2019, and is expected to remain dominant during the Europe commercial refrigeration forecast period. However, the retail pharmacies segment is expected to experience rapid growth with a CAGR of 5.8% from 2021 to 2028.
๐๐๐ญ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐๐ญ๐ (๐๐๐ ๐๐๐ ๐๐ฌ ๐๐๐ ) @https://www.alliedmarketresearch.com/checkout-final/ea624db2091e700fe055d67d0d47fcc6
Country wise, the market is analyzed across Germany, France, UK, Italy, Spain, Netherlands, Poland, Russia, Denmark, and Rest of Europe.
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ ๐ฎ๐๐ฅ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ญ๐ข๐จ๐ง:
โค Food and Beverage Industry Expansion: The increasing number of supermarkets, hypermarkets, and convenience stores drives the need for commercial refrigeration to preserve perishable goods. The growing popularity of ready-to-eat and frozen food products also boosts demand.
โค Technological Advancements: Innovations in refrigeration technologies, such as energy-efficient systems, IoT-enabled monitoring, and environmentally friendly refrigerants, are appealing to businesses aiming to reduce operational costs and meet regulatory requirements.
โค Stringent Regulations: European regulations on food safety and energy efficiency, such as the F-Gas Regulation, push businesses to upgrade to modern refrigeration systems that comply with these standards, thereby driving market growth.
โค Environmental Concerns: Increasing awareness and regulatory pressure regarding the environmental impact of refrigerants are leading to a shift towards natural and low-GWP (Global Warming Potential) refrigerants, fueling the demand for new, compliant refrigeration systems.
โค Economic Growth and Urbanization: Economic development and urbanization across Europe lead to higher disposable incomes and changing consumer lifestyles, increasing the demand for fresh and frozen foods, thus boosting the commercial refrigeration market.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
โข Bitzer GmbH
โข De Rigo Refrigeration S.r.l.
โข Freor Lt Uab
โข FRIGOBLOCK GmbH
โข INTARCON
โข Kelvion Phe GmbH
โข Pfannenberg GmbH
โข SCM FRIGO S.P.A.
โข TEXA Industries
โข Walter Roller GmbH & Co.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ:
โ The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2028 to identify the prevailing commercial refrigeration market opportunities.
โ The key countries in all the major regions are mapped based on their market share.
โ Major countries in each region are mapped according to their revenue contribution to the industry.
โ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
โ In-depth analysis of the size and segmentation assists to determine the prevailing market opportunities.
โ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players in the commercial refrigeration industry.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.alliedmarketresearch.com/purchase-enquiry/13076
๐๐๐๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
โ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
โ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
โ Classify potential new clients or partners in the target demographic.
โ Develop tactical initiatives by understanding the focus areas of leading companies.
โ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
โ Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
โ Report will be updated with the latest data and delivered to you within 2-4 working days of order.
โ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
โ Create regional and country strategies on the basis of local data and analysis.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ "๐๐๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ Europe Dehumidifier Market is expected to reach $372.15 million by 2027
https://www.alliedmarketresearch.com/europe-dehumidifier-market-A07568
โ Europe Audio Products Market is expected to reach $7,463 million in 2027
https://www.alliedmarketresearch.com/europe-audio-products-market-A07573
โ Europe Events Market is projected to reach $123.9 billion by 2030
https://www.alliedmarketresearch.com/europe-events-market-A15957
โ White Goods Market is estimated to reach $ 1,031.0 billion by 2027
https://www.alliedmarketresearch.com/white-goods-market-A06558
โ Commercial Steamer Market Size, Growth Analysis, Opportunities
https://www.alliedmarketresearch.com/commercial-steamer-market-A07943
โ Europe E-Commerce Home Fitness Products Market is expected to reach $447.9 million by 2027
https://www.alliedmarketresearch.com/europe-e-commerce-home-fitness-products-market-A06579
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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