South Africa Commercial Food And Biomedical Refrigerators & Freezers Market Size & Outlook
South Africa commercial food and biomedical refrigerators & freezers market, 2018-2030 (US$M)
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South Africa commercial food and biomedical refrigerators & freezers market highlights
- The South Africa commercial food and biomedical refrigerators & freezers market generated a revenue of USD 451.0 million in 2023 and is expected to reach USD 758.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, food sector was the largest revenue generating offering in 2023.
- Biomedical Sector is the most lucrative offering segment registering the fastest growth during the forecast period.
Commercial food and biomedical refrigerators & freezers market data book summary
| Market revenue in 2023 | USD 451.0 million |
| Market revenue in 2030 | USD 758.6 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Food sector |
| Fastest growing segment | Biomedical Sector |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Sector, Biomedical Sector |
| Key market players worldwide | Angelantoni Life Science, Blue Star, Eppendorf, Haier Biomedical, Helmer Scientific, Liebherr Group, Nuaire, PHC Holdings Corp, Terumo Corp, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global commercial food and biomedical refrigerators & freezers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia commercial food and biomedical refrigerators & freezers market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 758.6 million by 2030.
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Commercial Food and Biomedical Refrigerators & Freezers Market Scope
Commercial Food and Biomedical Refrigerators & Freezers Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa commercial food and biomedical refrigerators & freezers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial food and biomedical refrigerators & freezers market will help companies and investors design strategic landscapes.
Food sector was the largest segment with a revenue share of 68.47% in 2023. Horizon Databook has segmented the South Africa commercial food and biomedical refrigerators & freezers market based on food sector, biomedical sector covering the revenue growth of each sub-segment from 2018 to 2030.
Improving healthcare standards and the growing food trade necessitate reliable refrigeration solutions. Technological advancements and the adoption of energy-efficient and eco-friendly refrigeration systems are on the rise.
Government initiatives to improve healthcare services and cold chain logistics infrastructure further propel market growth. In addition, the emphasis on food safety and reducing wastage drives demand for advanced refrigeration solutions.
The country's growing focus on reducing carbon footprints supports the adoption of sustainable refrigeration technologies.
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Target buyers of South Africa commercial food and biomedical refrigerators & freezers market databook
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Our clientele includes a mix of commercial food and biomedical refrigerators & freezers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa commercial food and biomedical refrigerators & freezers market , including forecasts for subscribers. This country databook contains high-level insights into South Africa commercial food and biomedical refrigerators & freezers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa commercial food and biomedical refrigerators & freezers market size, by offering, 2018-2030 (US$M)
South Africa Commercial Food and Biomedical Refrigerators & Freezers Market Outlook Share, 2023 & 2030 (US$M)
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