Commercial Refrigerators Market - Tourism Sector is Expected to Positively Influ

Posted by RASHMI on April 2nd, 2019

Commercial refrigerators are developed to meet the demands of commercial applications. Unlike to domestic applications, commercial refrigerators are high-performing and rugged in design. These refrigerators and freezers are designed such as that they can store large quantity of goods for long period of time as compared to domestic refrigerators. These refrigerators and freezers are available in wide range of storage temperature and capacity, to meet multiple end-use need.

The commercial refrigerators market is gaining considerable traction across China, India, Thailand, and Indonesia. The rapid proliferation of quick service restaurants and the increasing penetration of multinational retailers in these countries have fuelled the demand for energy-efficient commercial refrigerators.

China reports the highest demand for commercial refrigerators in Asia Pacific. It held over 33.5% of the Asia Pacific commercial refrigerators market in 2015. The country boasts a considerable presence of both local and multinational manufacturers; hence, commercial refrigerators are available at a comparatively lower purchasing cost in China. This will in turn propel the China commercial refrigerators market at a CAGR of 7.3% by revenue, from 2016 to 2024.

Get an exclusive sample of this report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13139  

Demand for commercial refrigerators is also likely to increase considerably in India, Australia, New Zealand, South Korea, and Rest of Asia Pacific.

The market for commercial refrigerators has been segmented based on beverage refrigerators, freezers, refrigerated display cases, glass door refrigerators, retail channels, and fridge freezers. Based on beverage refrigerator type, the market has been bifurcated into beverage refrigerator and wine refrigerator. In terms of revenue, the beverage refrigerator segment emerged dominant in the market, accounting for a share of over 57.2% in 2015.