SOUTH KOREA COMMERCIAL REFRIGERATION EQUIPMENT MARKET

INTRODUCTION

 Commercial refrigeration equipment includes refrigerators and freezers used in supermarkets, convenience stores, restaurants, and commercial kitchens. Commercial refrigeration equipment is either "self-contained," in which the refrigerated case and the entire refrigeration system are merged into a single physical unit.

remote condensing," in which the compressor and condenser are positioned separately from the refrigerated case. Refrigerated display cases, which are often used in supermarkets, are remote condensing and can either have doors or be open cases.

SOUTH KOREA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST

The South Korea Commercial Refrigeration equipment market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET ANALYSIS

Consumer demand for frozen and chilled items has increased as a result of lifestyle changes and rapid urbanisation. The organised retail sector has grown rapidly, with more hypermarkets and supermarkets opening, increasing overall sales of commercial freezers and boosting market growth.

However, the high cost of commercial refrigerator installation and the decline in replacement rates for commercial refrigeration equipment are impeding market growth.

 On the other hand, technological developments and an increase in the number of quick-service restaurants are projected to provide a variety of market growth prospects. Because of shifting consumer tastes and demands, the commercial refrigeration equipment industry is continually evolving.

As food production increases, so does the demand for better storage and refrigeration solutions, which drives growth in this industry. The refrigeration industry has experienced an improvement in performance as a result of the introduction of automated systems, which has resulted in lower operational costs and higher production. 

The commercial refrigeration equipment sector is rapidly expanding due to an increased demand for refrigeration systems in an increasing number of locations, as food storage and preservation become more vital than ever before.

The expansion of the food and beverage processing industry in developing nations is likely to lead to an increase in the market share of commercial refrigeration equipment throughout the forecast period.

The food and beverage processing industry is enormous, with developed countries processing around 90% of all manufactured foods. Due to busy lifestyles and changing tastes, consumer demand for convenience and processed meat products has increased.

COMPANY PROFILE

• LG Electronics Inc
• Bu Sung Everest Co Ltd
• Binex Line Corp
• Bluenix Co Ltd
• Turbo Korea Corp

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Commercial Refrigeration equipment are manufactured per annum in South Korea? Who are the sub-component suppliers in different regions?
2. Cost breakup of a South Korea Commercial Refrigeration equipment and key vendor selection criteria
3. Where is the Commercial Refrigeration equipment manufactured? What is the average margin per unit?
4. Market share of South Korea Commercial Refrigeration equipment market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Korea Commercial Refrigeration equipment in-house
6. key predictions for next 5 years in South Korea Commercial Refrigeration equipment market
7. Average B-2-B Commercial Refrigeration equipment market price in all segments
8. Latest trends in Commercial Refrigeration equipment market, by every market segment
9. The market size (both volume and value) of the Commercial Refrigeration equipment market in 2023-2030 and every year in between?
10. Production breakup of Commercial Refrigeration equipment market, by suppliers and their OEM relationship