Skip to main content

Asia-pacific (APAC) Commercial Refrigeration Equipment Market Size, Share and Growth Drivers by 2023

The APAC commercial refrigeration equipment market is projected to reach $24.4 billion by 2023 and and is forecasted to witness a CAGR of 9.3% during 2018–2023. Growing food and beverage industry, and increasing urbanization are the key factors driving market growth.
Image result for Commercial Refrigeration EquipmentOn the basis of end user, the APAC commercial refrigeration equipment market has been categorized into hotels/restaurants & catering, supermarkets, hypermarkets, convenience stores, e-commerce and others, wherein ‘others’ include hospitals; educational institutions; large pharmaceutical stores; and medical and life sciences.
In terms of value, China dominated the APAC commercial refrigeration equipment market, during the historical period and is expected to continue holding the largest share, during the forecast period. This is attributed to growing food and beverage industry in the country. The major factors driving the growth of food and beverage industry are increasing disposable income, and growing supermarkets in the country.
The increasing demand for food and beverage industry is one of the most important factors driving the demand for commercial refrigeration equipment in the region. Frozen foods, food preservation, cold drinks which include alcoholic and non-alcoholic drinks are the products which require refrigeration. The growth of modern food retail is fueling growth of APAC commercial refrigeration equipment market.
Some of the other key players operating in the APAC commercial refrigeration equipment market include Daikin Industries Ltd., Illinois Tool Works Inc., Johnson Controls International Plc, Fujimak Corporation and Emerson Electric Co.
About P&S Intelligence
P&S Intelligence, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact: 
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Connect with us: LinkedIn | Twitter | Google + | Facebook
Labels:

Comments

Post a Comment

Popular posts from this blog

Big Data Analytics in Healthcare Market - Huge Growth Opportunities, Technology, Revenue and Demand by 2023

The global big data analytics in healthcare market is growing at a CAGR of 21.8% during 2018–2023 and will reach $22.7 billion by 2023. The global big data analytics in healthcare market is also gaining interest due to the introduction of personalized healthcare systems and demand for high quality healthcare services. Through the adoption of big data, healthcare payers and providers are enhancing their capabilities by studying patient behavior towards a particular treatment and the diagnostic patterns, in order to provide them with customized and highly cost-effective services. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/big-data-analytics-in-healthcare-market/report-sample Geographically, North America has been the largest big data analytics in healthcare market; however, the fastest growth during the forecast period is expected from Asia-Pacific. This can be attributed to factors such as advancement in big data te...
Post a Comment
Read more

Distributed Fiber Optic Sensor Market Analysis, Future Trends, Key Players and Growth Drivers by 2023

The global  distributed fiber optic sensor market  is likely to reach $1,970.1 million by 2023, growing at a CAGR of 15.0% during the forecast period. Distributed fiber optic sensors overcome the built-in constraints of traditional technologies such as thermocouples and strain gauges. Distributed fiber optic sensors enable monitoring solutions with exceptional benefits for the safety of society and critical assets, especially when monitoring in inhospitable environments or remote locations. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/distributed-fiber-optic-sensor-market/report-sample Some of the factors like increasing adoption of distributed fiber optic sensors in oil and gas and soaring demand from the civil engineering vertical are expected to propel the growth of global distributed fiber optic sensor market in near future. Based on application, distributed fiber optic sensor market can be classifie...
Post a Comment
Read more