Commercial Refrigeration Equipment Market

Commercial Refrigeration Equipment Market Forecasts to 2028 – Global Analysis By Type (Self-contained, Remotely Operated), Refrigerant Type (Inorganics, Fluorocarbons, Hydrocarbons), and By Geography

4.3 (56 reviews)
Published: November 2021 ID: SMRC21128
4.3 (56 reviews)
Published: November 2021 ID: SMRC21128

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Commercial Refrigeration Equipment Market is accounted for $28.06 billion in 2020 and is expected to reach $50.04 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Growing usage of advanced technologies such as magnetic refrigeration and growing demand for packaged food and beverages are the major factors propelling the market growth. However, high installation costs associated with commercial refrigerators and stringent regulations against the use of fluorocarbon refrigerants are hampering the market growth.

Commercial refrigeration equipment is refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C). These are largely used for food and beverage storage and merchandising purposes. Moreover, some refrigeration equipment is particularly designed to quickly decrease the temperature of hot food from around 90C to as low as 30C, to remove the threat of bacterial proliferation. Commercial refrigeration equipment is commonly used at convenience stores, grocery stores, supermarkets, restaurants specialty food stores, cafeterias, and other food retail stores.

Based on application, the food service segment is estimated to have a lucrative growth due to the changing food consumption trends and rising international food trade. The advanced commercial refrigerators provide for practical designs to capture the attention of customers at any such point of sale.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing population in the region, improving economic conditions, such as rising GDP & disposable incomes, and a booming consumer appliances sector. Moreover, the growth of the commercial refrigeration equipment market in this region is fuelled by growth in the manufacturing sector; increase in spending on private & public infrastructure development; and rapid urbanization.

Some of the key players profiled in the Commercial Refrigeration Equipment Market include Carrier, Imbera, Johnson Controls, Emerson Electric Co., Panasonic Corporation, Hillphoenix, Daikin, Danfoss, Bitzer, Henry Technologies, GeEA Group, Minus Forty, Scm Frigo S.P.A., Heatcraft Worldwide Refrigeration, and Metalfrio.

Types Covered:
• Self-contained
• Remotely Operated

Refrigerant Types Covered:
• Inorganics       
• Fluorocarbons        
• Hydrocarbons         

Capacities Covered:
• Less than 50 cu. Ft.
• 51 cu. Ft. to 100 cu. Ft.
• More than 100 cu. Ft.

Product Types Covered:
• Refrigerated Vending Machine       
• Refrigerated Display Case       
• Beverage Refrigeration        
• Freezers & Refrigerators
• Ice Machine
• Ice Cream Machine

Applications Covered:
• Food Service
• Food & Beverage Retail
• Food & Beverage Distribution
• Food & Beverage Production
• Chemicals & Pharmaceuticals
• Healthcare
• Oil and Gas
• Education Institutes
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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