Middle East and Africa (MEA) Commercial Refrigeration Equipment Market – Analysis and Forecast (2019–2024)

The Middle East and Africa (MEA) commercial refrigeration equipment market is expected to grow at a CAGR of 7.7% during the forecast period with its market size predicted to reach USD 5.2 billion by 2024. The increasing import of frozen meat products, rising demand for ready-to-eat food and beverages, and the mounting number of organized retail shops are the major factors leading to the high demand of commercial refrigeration equipment in the MEA market.

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With the changing lifestyle and concentrating population in urban areas across the region, the demand for ready-to-eat food has increased multi-fold over the last decade.

Based on equipment type, the commercial refrigeration equipment market is segmented into walk-in coolers, beverage refrigeration, transportation refrigeration equipment, display cases, parts, ice making machineries, and others.

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United Technologies Corporation, Johnson Controls International PLC, Daikin Industries Ltd., Dover Corporation, AB Electrolux, Illinois Tool Works Inc., Frigoglass S.A.I.C., AHT Cooling Systems GmbH, and Ali Group S.r.l. a Socio Unico are some of the major players operating in the commercial refrigeration equipment market.

Source: VynZ Research