The Asia-Pacific commercial refrigerator market is anticipated to grow with a considerable CAGR of 6.5% during the forecast period. Growing urbanization coupled with the expansion of the foodservice industry is the major factor fueling the growth of the market across the region. Additionally, the fast pace development of convenience stores, hypermarkets, supermarkets, grocery shops, and restaurants across the region is also creating significant demand for commercial refrigerators thus, aiding to the growth of the market. Significant growth in the glass display merchandiser is expected to be witnessed in the region in the near future.
A full report of Asia Pacific Commercial Refrigerator Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-commercial-refrigerator-market
A significant shift from fluorinated refrigerants to natural refrigerants owing to the increasing global warming concern is also being observed across the region. Asia Pacific’s countries such as India, Japan, China, Australia, and New Zealand are actively participating in reducing the consumption of harmful refrigerants such as hydrofluorocarbons (HFCs) for commercial refrigeration. For instance, recently Japan revised its F-gas law and has set GWP targets per product group, that is required by each and every manufacturer to reach by a certain target year. Similar laws have been registered in other countries also of the region.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Refringent Type
o By Application
- Regions Covered-
o India
o China
o Japan
o Rest of Asia Pacific
- Competitive Landscape- Godrej Group, Hitachi, Ltd., Liebherr-International Deutschland GmbH, Panasonic Corp., Voltas, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Commercial Refrigerator Market Report Segment
By Refrigerant Type
- Hydrochlorofluorocarbon
- Hydrofluorocarbon
- Hydrofluoroolefins
- Other Refrigerants
By Application
- Foodservice Industry
- Beverage Industry
- Frozen Food and Ice Cream Industry
- Research, Laboratory and Pharmaceutical Storage
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
