Press release
Market Study on Expected Growth for Commercial Refrigeration Equipment Market
Global Commercial Refrigeration Equipment Market Was Valued At USD 32.23 Billion In 2021 And Is Expected To Reach USD 40.45 Billion By The Year 2028, At A CAGR Of 3.3%.
The process of removing excess heat from a source of material to regulate a temperature lower than its surroundings is known as commercial refrigeration. In order to extend a product's shelf life, commercial refrigeration equipment is used to preserve food such as fruits, vegetables, meat, and other related goods. It is expected that the market for refrigerators will soon experience significant segmentation as existing equipment is replaced with more energy-efficient and environmentally friendly equipment. During the forecast period, it is also expected that tighter food safety regulations will boost demand for commercial refrigeration equipment.
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Market Dynamics:
Driver:
The most popular item in business refrigeration equipment is probably the refrigerator and freezer. In comparison to other products, sales of refrigerators and freezers are anticipated to be high during the forecasted time. There are several kinds of refrigerators and freezers, including walk-in, reach-in, and chest models. It is anticipated that there will be a rise in demand for walk-in and reach-in refrigerators and freezers among these. Reach-in, walk-in, and refrigerator-freezers are being used as a result of the growing number of food producers who create foods that must be stored at a specific temperature.
Opportunities:
Business possibilities are anticipated to arise in the coming years as refrigeration system efficiency improves with the use of natural refrigerants. Increasing the performance, efficiency, lifetime, and overall ownership cost of commercial refrigeration systems is a goal of many government organizations and R&D firms. Producers are working to develop natural refrigerant technologies that can increase the energy efficiency of industrial refrigeration systems in light of the Kyoto Protocol and the most recent EU F-Gas regulations. Ammonia and CO2 refrigerant technologies are being introduced by prominent companies like Carnot Refrigeration, Danfoss, and Carrier Commercial Refrigeration.
Key Chapter Will Be Provided In The Report
•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis
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Segmentation Analysis of Commercial Refrigeration Equipment Market:
Based on the Product Type, Transport refrigeration systems are expected to record the maximum commercial refrigeration equipment market during the forecast period. Increasing international food trade and rising transport of perishable products across borders are growing the demand for these systems.
Based on the Refrigerant Type, the fluorocarbons segment is projected to record the largest market share for the commercial refrigeration equipment over the forecast period. Fluorocarbons are chemical compounds containing carbon, hydrogen, chlorine, and fluorine as their major constituents. Nevertheless, not all fluorocarbons may consist of both chlorine and fluorine atoms.
Based on the End-Users, Supermarket/Hypermarket is expected to register the maximum commercial refrigeration equipment market share over the forecast period. The developed commercial refrigerators provide for practical designs to hold the attention of customers at any such point of sale. Also, switching food consumption trends and growing international food trade are additional factors accelerating the growth of the market.
By Product Type
•Refrigerator & Freezer
•Transportation Refrigeration
•Refrigerated Display Cases
•Beverage Refrigeration
•Ice Cream Merchandiser
•Refrigerated Vending Machine
By Refrigerant Type
• Fluorocarbons
• Hydrocarbons
• Inorganics
By End Users
•Full-Service Restaurant & Hotels
•Food Processing Industry
•Hospitals
•Retail Pharmacies
•Supermarket/Hypermarket
•Others
Regional Analysis of Commercial Refrigeration Equipment Market:
The Asia Pacific is anticipated to be the largest commercial refrigeration equipment market of commercial refrigeration equipment during the forecast period. The rising population in the region, developing economic conditions, such as growing GDP & disposable incomes, and an enhancing consumer appliances sector have led to growth in the commercial refrigeration equipment in the region.
By Region
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)
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Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product Type
3.2 By Refrigerant Type
3.3 By End Users
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
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Chapter 5: Commercial Refrigeration Equipment Market by Product Type
5.1 Commercial Refrigeration Equipment Market Overview Snapshot and Growth Engine
5.2 Commercial Refrigeration Equipment Market Overview
5.3 Refrigerator & Freezer
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Refrigerator & Freezer: Grographic Segmentation
5.4 Transportation Refrigeration
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Transportation Refrigeration: Grographic Segmentation
5.5 Refrigerated Display Cases
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Refrigerated Display Cases: Grographic Segmentation
5.6 Beverage Refrigeration
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Beverage Refrigeration: Grographic Segmentation
5.7 Ice Cream Merchandiser
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Ice Cream Merchandiser: Grographic Segmentation
5.8 Refrigerated Vending Machine
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Refrigerated Vending Machine: Grographic Segmentation
Chapter 6: Commercial Refrigeration Equipment Market by Refrigerant Type
To Be Continued…
Players Covered in Commercial Refrigeration Equipment Market are:
•Carrier
•Emerson Electric Company
•GEA Group
•Beverage-Air Corporation
•Daikin Industries Ltd.
•Danfoss A/S
•Dover Corporation
•Electrolux AB
•GE Appliances
•Hussmann Corporation
•Illinois Tool Works Inc.
•Ingersoll-Rand PLC
•Metalfrio Solutions SA
•United Technologies Corporation
•Whirlpool Corporation
•Standex International Corporation
•Lennox International Inc.
•Daikin Industries Ltd.
•AHT Cooling Systems GmbH
•Manitowoc Company Inc.
•Panasonic Corporation
•Hoshizaki Corporation and other major players.
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