Global Commercial Ventless Cooking Equipment Market | Size, Industry Trends, Revenue, Future Scope and Outlook 2027

Commercial Ventless Cooking Equipment Market Overview:

The Commercial Ventless Cooking Equipment market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Commercial Ventless Cooking Equipment Market, as well as the causes for variances in the industry’s growth in various places.

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Commercial Ventless Cooking Equipment Market size was valued at US$11.85 Bn in 2020 and expected to reach US$ 16.67 Bn by 2027 at a CAGR of 5% during the forecast period.

Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Drivers:

The main drivers of market growth for commercial ventless cooking equipment are rising automation in the food and beverage sector and rising demand for highly efficient cooking systems for high-end restaurants that accept large orders. Additional factors that are thought to significantly support market growth include the growing demand for a heat recovery system and a temperature-controlled environment for cooking some of the more delicate cuisines.

The fact that manufacturers and newcomers to the market are heavily investing in offering self-controlled and automated systems for ventless cooking is anticipated to favourably impact the commercial ventless cooking equipment market over the course of the forecast period.

Segmentation:

The commercial ventless cooking equipment market is divided based on equipment type into ventless fryers, ventless ovens, and others. With an estimated 52% market share in 2020, ventless ovens will be the market’s dominant segment. Globally rising fast food demand and extensive use of commercial ovens in the mass production of high-grossing foods like burgers, pizzas, and other dishes are contributing factors to the segment’s expansion.

KFC, an American fast food restaurant chain, claims that almost all of its locations use ventless ovens. The company also claims to have partnered with Eagle Frizzell for installation and manufacturing, putting the company under contract for about $300 million USD.

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Key Players: The key players are

• Hatco Corporation
• Motion Technology, Inc.
• Ali Group
• Giles Foodservice Equpment
• Eagle Frizzell
• Welbilt
• Middleby Corporation
• Pasco
• MTI Products
• Target Catering Equipment
• Wells Manufacturing Co. Ltd.
• Zline Kitchen
• Lorman

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Commercial Ventless Cooking Equipment market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Commercial Ventless Cooking Equipment Market: The report also includes a detailed analysis of COVID-19 on the Commercial Ventless Cooking Equipment market.

Key Questions Answered in the Commercial Ventless Cooking Equipment Market Report are:

• Which sub-segment had the largest share in the Commercial Ventless Cooking Equipment market?
• How is the competitive landscape of the Commercial Ventless Cooking Equipment market in 2020?
• Which are the key drivers impacting the Commercial Ventless Cooking Equipment market growth?
• Which region holds the maximum share in the Commercial Ventless Cooking Equipment market?
• What will be the CAGR of the Commercial Ventless Cooking Equipment market during the forecast period (2021-2027)?

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