Europe Commercial Refrigeration Market: 2024
UK is projected to maintain its leading position throughout the forecast period, growing at a CAGR of 3.3%. The chest refrigeration segment in the market is expected to grow at a CAGR of 4.4% from 2021 to 2028.โ
โ Roshan Deshmukh
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, August 22, 2024 /EINPresswire.com/ -- 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 is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market. 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 @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.
๐๐ฎ๐ฒ ๐๐จ๐ฐ - ๐๐ก๐๐๐ค๐จ๐ฎ๐ญ ๐ฅ๐ข๐ง๐ค @https://www.alliedmarketresearch.com/checkout-final/ea624db2091e700fe055d67d0d47fcc6
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.
Country wise, the market is analyzed across Germany, France, UK, Italy, Spain, Netherlands, Poland, Russia, Denmark, and Rest of Europe.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ:
๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ:
Regulatory Pressure: The European Union's stringent regulations on energy efficiency and environmental impact, such as the F-Gas Regulation, are pushing businesses to adopt more energy-efficient and eco-friendly refrigeration systems.Natural Refrigerants: There is a growing shift towards the use of natural refrigerants like CO2, ammonia, and hydrocarbons, which have a lower environmental impact compared to traditional HFCs (hydrofluorocarbons).
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ: IoT and Smart Technologies: The integration of Internet of Things (IoT) technologies into refrigeration systems is enabling real-time monitoring, predictive maintenance, and enhanced energy management. Smart refrigeration units can optimize performance, reduce downtime, and lower operating costs.Digitalization and Automation: The digital transformation in the food retail and hospitality sectors is increasing the adoption of automated and digitally controlled refrigeration systems, which offer better control, consistency, and energy efficiency.
๐๐๐๐ฅ๐ญ๐ก ๐๐ง๐ ๐๐๐๐๐ญ๐ฒ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ: Food Safety Standards: Stricter food safety regulations in Europe are pushing businesses to upgrade their refrigeration systems to ensure compliance. This includes maintaining consistent temperatures, reducing the risk of contamination, and implementing traceability systems.
๐๐ข๐ฌ๐ ๐จ๐ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐ง๐ ๐๐จ๐ฅ๐ ๐๐ก๐๐ข๐ง ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ: Online Grocery Sales: The surge in online grocery shopping, accelerated by the COVID-19 pandemic, has led to increased demand for cold chain logistics and last-mile delivery solutions. This trend is driving investment in refrigerated storage and transportation solutions.Expansion of Cold Storage Facilities: To meet the growing demand for fresh and frozen products, there is a significant expansion in cold storage facilities across Europe, particularly in countries with high e-commerce penetration.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
โข Bitzer GmbHโข De Rigo Refrigeration S.r.l.โข Freor Lt Uabโข FRIGOBLOCK GmbHโข INTARCONโข Kelvion Phe GmbHโข Pfannenberg GmbHโข SCM FRIGO S.P.A.โข TEXA Industriesโข 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 Porterโs five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierโbuyer 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:
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August 22, 2024, 12:38 GMT
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