Research and Markets - Global Packaged Refrigeration Market to Grow at a CAGR of 4.33%, 2017-2021 with Carrier, Daikin Industries, Johnson Controls, LG Electronics, Samsung Electronics & Whirlpool Leading the Market
The global packaged refrigeration market to grow at a CAGR of 4.33% during the period 2017-2021.
The report, Global Packaged Refrigeration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is the growing M&A. The global packaged refrigeration market comprises international and regional vendors, such as Carrier, Panasonic, DAIKIN INDUSTRIES, and AHT Cooling Systems. These vendors compete intensely to gain greater market shares. Several strategic alliances and M&As are in the pipeline during the forecast period. Major market players are entering strategic alliances with small, regional, and large companies to increase their market shares. So, rising M&As will propel the growth of the global packaged refrigeration market.
According to the report, one driver in the market is the growth of the commercial refrigeration market. The commercial refrigeration market is one of the major demand generating segments of packaged refrigeration. Commercial packaged refrigeration is mainly used by retail outlets, for displaying and storing fresh and frozen food items and beverages. The global commercial refrigeration market offers a variety of products. Walk-in coolers are expected to drive the market over the forecast period.