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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

4.8 (38 reviews)
Published: November 2021 ID: SMRC21128
4.8 (38 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 UAE
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

1 Executive Summary        
          
2 Preface  
       
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Product Analysis       
 3.7 Application Analysis      
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes       
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Commercial Refrigeration Equipment Market, By Type    
 5.1 Introduction       
 5.2 Self-contained       
 5.3 Remotely Operated       
          
6 Global Commercial Refrigeration Equipment Market, By Refrigerant Type  
 6.1 Introduction       
 6.2 Inorganics               
  6.2.1 Carbon Dioxide (CO2)            
  6.2.2 Ammonia             
  6.2.3 Other Inorganics             
 6.3 Fluorocarbons                 
  6.3.1 Hydrofluoroolefins (HFOS)            
  6.3.2 Hydrochlorofluorocarbons (HCFCS)           
  6.3.3 Hydrofluorocarbons (HFCS)           
 6.4 Hydrocarbons               
  6.4.1 Propane             
  6.4.2 Isobutane             
  6.4.3 Other Hydrocarbons            
          
7 Global Commercial Refrigeration Equipment Market, By Capacity   
 7.1 Introduction       
 7.2 Less than 50 cu. Ft.       
 7.3 51 cu. Ft. to 100 cu. Ft.      
 7.4 More than 100 cu. Ft.      
           
8 Global Commercial Refrigeration Equipment Market, By Product Type   
 8.1 Introduction       
 8.2 Refrigerated Vending Machine             
 8.3 Refrigerated Display Case              
  8.3.1 Wine Cases             
  8.3.2 Ice Cream Cabinets            
  8.3.3 Remote Cases             
  8.3.4 Bakery/Deli Display       
 8.4 Beverage Refrigeration               
  8.4.1 Drinking Fountain            
  8.4.2 Beverage Dispensing            
  8.4.3 Soda Fountain             
  8.4.4 Beer Dispensing             
  8.4.5 Other Beverage Refrigerations           
 8.5 Transportation Refrigeration      
  8.5.1 Shipping Container      
  8.5.2 Truck       
  8.5.3 Trailer       
 8.6 Freezers & Refrigerators      
  8.6.1 Freezer & Chillers      
   8.6.1.1 Blast Chiller/Stock Freezers    
   8.6.1.2 Contact Freezers     
  8.6.2 Refrigerators      
   8.6.2.1 Walk-in-Refrigerators    
   8.6.2.2 Reach-in Refrigerators    
   8.6.2.3 Chest      
 8.7 Ice Machine       
 6.8 Ice Cream Machine       
          
9 Global Commercial Refrigeration Equipment Market, By Application   
 9.1 Introduction       
 9.2 Food Service       
  9.2.1 Full Service Restaurant & Hotels    
  9.2.2 Quick Service Restaurants     
  9.2.3 Catering Services      
 9.3 Food & Beverage Retail      
  9.3.1 Hypermarkets      
  9.3.2 Supermarkets      
  9.3.3 Convenience Store      
  9.3.4 Specialty Food Store     
  9.3.5 Other Food & Beverage Retails    
 9.4 Food & Beverage Distribution      
 9.5 Food & Beverage Production      
 9.6 Chemicals & Pharmaceuticals      
 9.7 Healthcare       
 9.8 Oil and Gas       
 9.9 Education Institutes       
 9.10 Other Applications       
          
10 Global Commercial Refrigeration Equipment Market, By Geography   
 10.1 Introduction       
 10.2 North America       
  10.2.1 US       
  10.2.2 Canada       
  10.2.3 Mexico       
 10.3 Europe        
  10.3.1 Germany       
  10.3.2 UK       
  10.3.3 Italy       
  10.3.4 France       
  10.3.5 Spain       
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan       
  10.4.2 China       
  10.4.3 India       
  10.4.4 Australia       
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil       
  10.5.3 Chile       
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia      
  10.6.2 UAE       
  10.6.3 Qatar       
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa     
          
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions       
 11.5 Other Key Strategies      
          
12 Company Profiling        
 12.1 Carrier        
 12.2 Imbera        
 12.3 Johnson Controls       
 12.4 Emerson Electric Co.      
 12.5 Panasonic Corporation      
 12.6 Hillphoenix       
 12.7 Daikin        
 12.8 Danfoss        
 12.9 Bitzer        
 12.10 Henry Technologies       
 12.11 GeEA Group       
 12.12 Minus Forty       
 12.13 Scm Frigo S.P.A.       
 12.14 Heatcraft Worldwide Refrigeration      
 12.15 Metalfrio        


List of Tables         
1 Global Commercial Refrigeration Equipment Market Outlook, By Region (2019-2028) ($MN) 
2 Global Commercial Refrigeration Equipment Market Outlook, By Type (2019-2028) ($MN) 
3 Global Commercial Refrigeration Equipment Market Outlook, By Self-contained (2019-2028) ($MN)
4 Global Commercial Refrigeration Equipment Market Outlook, By Remotely Operated (2019-2028) ($MN)
5 Global Commercial Refrigeration Equipment Market Outlook, By Refrigerant Type (2019-2028) ($MN)
6 Global Commercial Refrigeration Equipment Market Outlook, By Inorganics (2019-2028) ($MN)
7 Global Commercial Refrigeration Equipment Market Outlook, By Carbon Dioxide (CO2) (2019-2028) ($MN)
8 Global Commercial Refrigeration Equipment Market Outlook, By Ammonia (2019-2028) ($MN)
9 Global Commercial Refrigeration Equipment Market Outlook, By Other Inorganics (2019-2028) ($MN)
10 Global Commercial Refrigeration Equipment Market Outlook, By Fluorocarbons (2019-2028) ($MN)
11 Global Commercial Refrigeration Equipment Market Outlook, By Hydrofluoroolefins (HFOS) (2019-2028) ($MN)
12 Global Commercial Refrigeration Equipment Market Outlook, By Hydrochlorofluorocarbons (HCFCS) (2019-2028) ($MN)
13 Global Commercial Refrigeration Equipment Market Outlook, By Hydrofluorocarbons (HFCS) (2019-2028) ($MN)
14 Global Commercial Refrigeration Equipment Market Outlook, By Hydrocarbons (2019-2028) ($MN)
15 Global Commercial Refrigeration Equipment Market Outlook, By Propane (2019-2028) ($MN) 
16 Global Commercial Refrigeration Equipment Market Outlook, By Isobutane (2019-2028) ($MN)
17 Global Commercial Refrigeration Equipment Market Outlook, By Other Hydrocarbons (2019-2028) ($MN)
18 Global Commercial Refrigeration Equipment Market Outlook, By Capacity (2019-2028) ($MN) 
19 Global Commercial Refrigeration Equipment Market Outlook, By Less than 50 cu. Ft (2019-2028) ($MN)
20 Global Commercial Refrigeration Equipment Market Outlook, By 51 cu. Ft. to 100 cu. Ft (2019-2028) ($MN)
21 Global Commercial Refrigeration Equipment Market Outlook, By More than 100 cu. Ft (2019-2028) ($MN)
22 Global Commercial Refrigeration Equipment Market Outlook, By Product Type (2019-2028) ($MN)
23 Global Commercial Refrigeration Equipment Market Outlook, By Refrigerated Vending Machine (2019-2028) ($MN)
24 Global Commercial Refrigeration Equipment Market Outlook, By Refrigerated Display Case (2019-2028) ($MN)
25 Global Commercial Refrigeration Equipment Market Outlook, By Wine Cases (2019-2028) ($MN)
26 Global Commercial Refrigeration Equipment Market Outlook, By Ice Cream Cabinets (2019-2028) ($MN)
27 Global Commercial Refrigeration Equipment Market Outlook, By Remote Cases (2019-2028) ($MN)
28 Global Commercial Refrigeration Equipment Market Outlook, By Bakery/Deli Display (2019-2028) ($MN)
29 Global Commercial Refrigeration Equipment Market Outlook, By Beverage Refrigeration (2019-2028) ($MN)
30 Global Commercial Refrigeration Equipment Market Outlook, By Drinking Fountain (2019-2028) ($MN)
31 Global Commercial Refrigeration Equipment Market Outlook, By Beverage Dispensing (2019-2028) ($MN)
32 Global Commercial Refrigeration Equipment Market Outlook, By Soda Fountain (2019-2028) ($MN)
33 Global Commercial Refrigeration Equipment Market Outlook, By Beer Dispensing (2019-2028) ($MN)
34 Global Commercial Refrigeration Equipment Market Outlook, By Other Beverage Refrigerations (2019-2028) ($MN)
35 Global Commercial Refrigeration Equipment Market Outlook, By Transportation Refrigeration (2019-2028) ($MN)
36 Global Commercial Refrigeration Equipment Market Outlook, By Shipping Container (2019-2028) ($MN)
37 Global Commercial Refrigeration Equipment Market Outlook, By Truck (2019-2028) ($MN) 
38 Global Commercial Refrigeration Equipment Market Outlook, By Trailer (2019-2028) ($MN) 
39 Global Commercial Refrigeration Equipment Market Outlook, By Freezers & Refrigerators (2019-2028) ($MN)
40 Global Commercial Refrigeration Equipment Market Outlook, By Freezer & Chillers (2019-2028) ($MN)
41 Global Commercial Refrigeration Equipment Market Outlook, By Refrigerators (2019-2028) ($MN)
42 Global Commercial Refrigeration Equipment Market Outlook, By Ice Machine (2019-2028) ($MN)
43 Global Commercial Refrigeration Equipment Market Outlook, By Ice Cream Machine (2019-2028) ($MN)
44 Global Commercial Refrigeration Equipment Market Outlook, By Application (2019-2028) ($MN)
45 Global Commercial Refrigeration Equipment Market Outlook, By Food Service (2019-2028) ($MN)
46 Global Commercial Refrigeration Equipment Market Outlook, By Full Service Restaurant & Hotels (2019-2028) ($MN)
47 Global Commercial Refrigeration Equipment Market Outlook, By Quick Service Restaurants (2019-2028) ($MN)
48 Global Commercial Refrigeration Equipment Market Outlook, By Catering Services (2019-2028) ($MN)
49 Global Commercial Refrigeration Equipment Market Outlook, By Food & Beverage Retail (2019-2028) ($MN)
50 Global Commercial Refrigeration Equipment Market Outlook, By Hypermarkets (2019-2028) ($MN)
51 Global Commercial Refrigeration Equipment Market Outlook, By Supermarkets (2019-2028) ($MN)
52 Global Commercial Refrigeration Equipment Market Outlook, By Convenience Store (2019-2028) ($MN)
53 Global Commercial Refrigeration Equipment Market Outlook, By Specialty Food Store (2019-2028) ($MN)
54 Global Commercial Refrigeration Equipment Market Outlook, By Other Food & Beverage Retails (2019-2028) ($MN)
55 Global Commercial Refrigeration Equipment Market Outlook, By Food & Beverage Distribution (2019-2028) ($MN)
56 Global Commercial Refrigeration Equipment Market Outlook, By Food & Beverage Production (2019-2028) ($MN)
57 Global Commercial Refrigeration Equipment Market Outlook, By Chemicals & Pharmaceuticals (2019-2028) ($MN)
58 Global Commercial Refrigeration Equipment Market Outlook, By Healthcare (2019-2028) ($MN)
59 Global Commercial Refrigeration Equipment Market Outlook, By Oil and Gas (2019-2028) ($MN)
60 Global Commercial Refrigeration Equipment Market Outlook, By Education Institutes (2019-2028) ($MN)
61 Global Commercial Refrigeration Equipment Market Outlook, By Other Applications (2019-2028) ($MN)
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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