How Ready-to-Eat Food Is Fueling the Commercial Refrigeration Equipment Market Growth
The introduction of advanced technologies, development of organized retail, and increasing demand for ready-to-eat food and beverages are driving the growth of the commercial refrigeration equipment market. In 2017, the market generated a revenue of $41,396.7 million as per P&S Intelligence, and it is projected to witness a CAGR of 6.2% during the forecast period (2018–2023). Commercial refrigeration equipment refers to large refrigerators and freezers used at supermarkets, restaurants, hypermarkets, and convenience stores to keep food fresh for a long...
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