The refrigerated display case segment, by product type, is projected to be the fastest-growing market during the forecast period. These cases are designed to showcase products in an appealing and visually enticing manner, encouraging customers to make purchases. The global rise in the number of supermarkets, grocery stores, and other food retail outlets is expected to create attractive opportunities in the commercial refrigeration market. Hydrocarbons (HCs) are natural, non-toxic refrigerants that have minimal impact on ozone depletion and global warming compared to many synthetic refrigerants. Hydrocarbon gases, such as propane, isobutane, pentane, and isopentane, are used as refrigerants for cooling in industrial, commercial, and domestic applications. Their significant role in the shift toward more environmentally friendly cooling solutions, contribute to the overall market growth.
Commercial refrigeration is also employed in food & beverage distribution to provide safe & efficient storage, transportation, and delivery of perishable products. Frozen food products, such as frozen fruits, vegetables, meats, and ready-to-eat meals, require specialized freezing & refrigeration during distribution to ensure they remain frozen until they reach consumers. These factors are expected to boost the market growth between 2023 and 2028. The advent of refrigeration has allowed convenience stores to store packaged foods & beverages for extended periods without spoilage. The rising number of convenience stores can be attributed to the increasing preference for packaged food items and beverages and the rising per capita income of consumers. The growth of the food preservatives market in China and India is also expected to contribute to the increased consumption of commercial refrigeration in convenience stores.
The major players operating in the commercial refrigeration market include Daikin (Japan), Johnson Controls (US), Carrier (US), Dover (US), Baltimore Aircoil Company (US), Blue Star Limited (India), De Rigo Refrigeration (Italy), Fogel (Guatemala), Hussmann (US), Imbera (Mexico), KMW (Germany), Mayekawa Mfg. Co., Ltd. (Japan), Runte (China), SCM Frigo (Italy), True (US), Viessmann (Germany), Voltas (India), and others.
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