The Middle East and Africa (MEA) commercial refrigeration equipment market is estimated to reach USD 6.2 billion by 2027, witnessing a 7.9% CAGR during the forecast period 2021-2027. The advancement of organized retail stores such as restaurants, hotels, supermarkets, hypermarkets in countries like Algeria, Morocco, South Africa, Egypt, etc. is the primary driver for the growth of the Middle East and Africa (MEA) commercial refrigeration equipment market owing to support from government and rapid urbanization.

Moreover, high disposable income, development projects for smart urban areas, growth in the food retail industry, development of medium-size grocery stores, hypermarkets, and Tier I and Tier II restaurants, increasing demand for ready-to-eat food and beverage will fuel the growth of the Middle East and Africa (MEA) commercial refrigeration equipment market.

Request to get free sample copy at https://www.vynzresearch.com/semiconductor-electronics/mea-commercial-refrigeration-equipment-market/request-sample

The COVID-19 pandemic has had an adverse impact on different industries such as travel & tourism, manufacturing, construction, and aviation in which commercial refrigeration equipment is used. Moreover, commercial refrigeration equipment is used in various end-use sectors like hotels & restaurants, supermarkets & hypermarkets, bakeries that are severely hit by the COVID-19 outbreak.

Based on the application, the Middle East and Africa (MEA) commercial refrigeration equipment market is divided into food and beverage distribution, food service, food, and beverage retail, and others. Among these applications, the food & beverage industry will hold the largest share in the market during the forecast period owing to the surging demand for preserving and maintaining food quality, increasing the disposable income of consumers. Moreover, rising tourism and events like World Expo 2020 in U.A.E., FIFA World Cup 2022 in Qatar will lead to growth in the food & beverage industry, resulting in the growth of the Middle East and Africa (MEA) commercial refrigeration equipment market.

Key players operating in the Middle East and Africa (MEA) commercial refrigeration equipment industry: 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.

Source: VynZ Research