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Commercial Refrigeration Equipment Market Analysis, Size, Share, Growth, Trends and Forecast to 2024 | Hexa Research
“Global commercial refrigeration equipment market value is expected to exceed USD 40.87 billion by 2024 growing at an estimated CAGR of over 5.6% from 2016 to 2024�
Global Commercial Refrigeration Equipment Market is projected to grow at a CAGR of 5.6% over the forecast period (2016 to 2024). By 2024, market revenues would exceed USD 40.87 billion. This may be attributed to changing food consumption patterns triggered by rapid industrialization and technological advancements. Escalating intake of frozen foods spurs demand for refrigeration of food on a commercial scale. Innovative technology makes possible remote monitoring of products to check refrigerant leak, high liquid levels, abnormal system pressures, etc. Increase in specialty food outlets, hypermarkets, and supermarkets also contribute to a favorable market outlook. These places are equipped with advanced products like multi-deck display cabinets and open front cases, having LEDs and proximity sensors. Browse Details of Report@ https://www.hexaresearch.com/research-report/commercial-refrigeration-equipment-market
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