From 2014 to 2020 the global commercial refrigeration system market is estimated to grow almost two fold and register double digit CAGR, according to a new research report.
North America is the dominant commercial refrigeration system market in terms of revenue share followed by APAC and Europe.
Growth in the food and service industry and changing consumer preferences for dining food in North America is driving growth in commercial refrigeration system market domestically.
The Europe commercial refrigeration system market on the other hand is estimated to show significant growth with rising demand for frozen food items and expansion of thr retail chain.
Solar powered systems are on the rise with this technology anticipated to play a major role in addressing energy scarcity issues.
Utilization of advanced refrigerants and energy efficient systems are some of the upcoming trends in the global commercial refrigeration system market.
The report identifies the major players as Hussmann, Dover Corporation, Ingersoll Rand PLC, Daikin, AHT Cooling System GmbH, Traulsen, Berkshire Hathaway Inc, Johnson Controls Inc, and the Panasonic Corporation.
Research is also segmented on the basis of refrigerant types including HCFCs, HFCs, hydrocarbon (HC), and inorganic which includes ammonia and carbon dioxide.
The refrigerant market is expected to grow at a CAGR of five to seven per cent. Visit http://www.futuremarketinsights.com