Commercial Refrigeration Equipment Market to Grow at 5.7% CAGR from 2015-2020

The global commercial refrigeration equipment market was valued at $29.6 billion in 2014 and it is expected to reach $40.9 billion by 2020, according to a report from P&S Market Research. The firm forecasts the market to grow at a compound annual growth rate (CAGR) of 5.7 percent, in terms of value, from 2015 to 2020.