Refrigeration coolers market expected to reach USD 6.26 billion by 2032, driven by growing demand.
From GlobeNewswire: 2024-12-19 08:00:00
The refrigeration coolers market was valued at USD 3.70 Billion in 2023 and is expected to reach USD 6.26 Billion by 2032, growing at a CAGR of 6.02%. Rising demand for processed foods and cold storage is driving market growth, with 58% of the American diet now comprising ultra-processed foods.
Condensers dominated the market in 2023, accounting for 57% of the market share. The commercial segment led the market with 62% of total revenue, driven by demand in supermarkets and restaurants. Asia-Pacific led the market in 2023, while North America emerged as the fastest-growing region, driven by innovation and a shift toward energy-efficient solutions.
Recent developments include Carrier Commercial Refrigeration joining NaturalRefrigerants.com as a silver partner, Mitsubishi Electric securing an order for R290 HVAC units from Siemens Mobility, and Panasonic planning to launch energy-efficient heat pumps in Europe. The market is evolving with a focus on sustainability and technological advancements. The Refrigeration Coolers Market report includes Production Capacity and Utilization Analysis by Region, Feedstock Prices Analysis by Region, Regulatory Impact effects, Environmental Metrics Analysis by Region, and Innovation and R&D insights. The report also covers Competitive Landscape, Market Segmentation by Component, Applications, and Refrigerant, Regional Analysis, Company Profiles, Use Cases, and Best Practices, and a Conclusion. For more information, visit the link provided.
SNS Insider offers various buying options for market reports, including 5 Reports Pack for USD 7500, 10 Report Pack for USD 12000, and a Vertical Subscription with 150 Reports Pack valid for 1 year. Visit the link provided to purchase the packs. SNS Insider is a leading market research and consulting agency providing clients with current, accurate market data, consumer insights, and opinions to make confident decisions in changing circumstances using a variety of research techniques.
Read more at GlobeNewswire: Refrigeration Coolers Market to Hit USD 6.26 Billion by