Commercial Refrigeration Equipment Market To Witness A Significant Growth Of USD 58.31 Billion By 2030
San Francisco, 18 Jan 2024: The Report Commercial Refrigeration Equipment Market Size, Share & Trends Analysis Report By Product (Refrigerators & Freezers, Beverage Refrigeration), By Application, By System Type, By Capacity, By Region, And Segment Forecasts, 2023 - 2030 The global commercial refrigeration equipment market size is estimated to reach USD 58.31 billion by 2030, registering an estimated CAGR of 5.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The major aspects driving the market growth are the increasing consumption of frozen foods and the significant expansion of tourism and hospitality industries. The rising environmental concerns about harmful emissions produced by refrigerators such as Hydro-chlorofluorocarbons (HCFC) and Chlorofluorocarbons (CFC) have led to the establishment of norms promoting the adoption of energy-efficient equipment for commercial refrigeration. The Clean Air Act launched by the U.S. Environment Protecti