Commercial Refrigeration Market Trends, Growth Rate, Regional Analysis, Report 2022-27
The latest research study “Commercial Refrigeration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global commercial refrigeration market reached US$ 26.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 35.59 Billion by 2027, exhibiting a growth rate (CAGR) of 4.75% during 2022-2027. Commercial refrigeration represents the cold storage equipment used for cooling and removing heat from various products. It is utilized to preserve food and beverages, store bulk items, display perishable goods, protect inventories, transport frozen and processed food, etc. Commercial refrigeration consists of a compressor, condenser, and fan that aid in maintaining temperature, humidity, and airflow, thus preventing spoilage. It ensures safe storage, enhances shelf life, maximizes freshness, reduces wastage, saves space, etc. As a result, commercial refrigeration finds extensive applications acr