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Commercial Refrigeration Equipment Market Research Report By Forecast To 2025

Industry Survey, Growth, Competitive Landscape and Forecasts to 2025

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)


Commercial Refrigeration Equipment Market Research Report - Forecast to 2025 Global Commercial Refrigeration Equipment Market Research Report: Information by Equipment Type (Display Cases, Walk-in Coolers, Beverage Refrigeration, Ice Making Machineries, Parts and others), by Application (Food Manufacturing Industries, Hyper Markets, Super-Markets and others) and Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025 The Global Commercial Refrigeration Equipment Market is set to touch a valuation of more than USD 54.59 Billion by 2025, ventures Market Research Future (MRFR). It is also expected to record an approximate CAGR of 5.98% during the forecast period (2018-2025).

Key vendors shaping the worldwide commercial refrigeration equipment market include Johnson Controls, Inc., AB Electrolux, AHT Cooling Systems GmbH, Daikin Industries Ltd, United Technologies Corporation, Hussmann Corporation, Ali Group SpA, Illinois Tool Works Inc., Dover Corporation, to mention a few.

Key Questions Addressed by the Report• What was the historic market size (2018)? • Which segmentation (equipment type/application) is driving market growth? • What will be the growth rate by 2025? • Who are the key players in this market? • What are the strategies adopted by key players? 2

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Commercial Refrigeration Equipment Market Research Report - Forecast to 2025 Market Boosters and Key Barriers Soaring demand for frozen food, packaged food products, and bakery products is expected to benefit the commercial refrigeration equipment market. With the aim of reducing carbon footprints, various manufacturers are now concentrating on building commercial refrigeration equipment that consumes less or limited amount of energy. The United States (U.S.) Department of Energy and Environmental Protection Agency also implemented regulations and standards for commercial refrigeration with the intention of encouraging energy efficiency and limiting its impact on the environment. therefore, in a bid to comply with new regulations, vendors are making substantial investments in development of new refrigeration system with sophisticated technology. A number of manufacturers are also redesigning their products to cater to the new standards. They are also sourcing new materials, in addition to pursuing safety certifications to provide sustainable product in the market. Supermarkets are considered as the most energy-intensive retail business, with a large portion of their electricity spent on refrigeration system. To curb this issue, supermarkets are now opting for commercial refrigeration equipment which could help them cut down on power consumption. This is yet another factor that is expected to elevate the market to greater heights in the near future. Speaking of advancement in technologies, vendors are now working on smart refrigeration systems that are equipped with sensors. These sensors help control temperature and also facilitate temperature monitoring of refrigeration units. Further, low-power wireless solutions are being created to bring down the cost of manual monitoring of refrigerator units.

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Commercial Refrigeration Equipment Market Research Report - Forecast to 2025 Regional Outlook The geographical distribution of the global commercial refrigeration equipment market covers North America, Asia Pacific (APAC), Europe, and the rest of the world (RoW).

In 2018, APAC acquired the top position in the global commercial refrigeration equipment market, with North America and Europe in the second and third spot, respectively. The APAC commercial refrigeration equipment market gets immense support from the rising demand for display cases as well as walk-in coolers. Soaring fresh food consumption rate, mounting demand for frozen foods and improved living standard has done wonders for the market in the region. Ice-making machineries are expected to note the highest demand in the region, given the expansion of restaurant chains across urban and semi-urban areas in developing nations. North America, with the second-largest share in the commercial refrigeration equipment market, is benefitted from the busy lifestyles led by the people. These people spend close to half of their food expenses outside their homes, which sets the pace of the market in the region. Beverage refrigeration and display cases are touted to be the fastest-growing segments during the appraisal period, thanks to the increasing food retail outlets and expanding floor area of retail stores. With the growing average floor space of prominent grocery and food retailers in the region, new refrigeration equipment is increasingly being installed in these stores. The commercial refrigeration equipment market in Europe has reached the saturation point and is witnessing comparatively lower growth rate compared to other regions. With that said, the regional market is predicted to note better growth in the coming years, on account of the economic recovery, which is giving rise to replacement and repair of the existing commercial refrigeration equipment. Data experts are optimistic about the market growth in Europe during the forecast period, considering the stabilization of the economy and high urbanization. RoW includes South America and the Middle East & Africa. RoW makes extensive use of commercial refrigeration equipment in the construction and manufacturing industries. The region’s future holds much promise, as there are indications of the construction and manufacturing industries expanding significantly. 4

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Commercial Refrigeration Equipment Market Research Report - Forecast to 2025 Market Segmentation The worldwide commercial refrigeration equipment market has been dissected depending on equipment type and application.

The commercial refrigeration equipment market, based on equipment type, includes display cases, walk-in coolers, beverage refrigeration, ice making machinery, parts, and others. Between these, the walk-in coolers segment had been at the top spot in the market in 2018, followed by display cases. The refrigerated walk-in coolers are also used extensively in the food processing industries. These types of coolers are sturdy, which is necessary as their doors are opened several times a day. Apart from this, increase in establishment of hypermarket is set to boost the demand as well as sales for walk-in coolers within the global market.

With respect to the application, the market can be split into hypermarket, food manufacturing industries, supermarket, and others. Out of these, hypermarket had been the leading segment in 2018 and has been estimated to maintain its position even during the forecast period. The segment’s high position in the market is the result of rising urbanization around the world as well as the expansion of hypermarkets.

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Commercial Refrigeration Equipment Market Research Report - Forecast to 2025 Objective of Studies

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Commercial Refrigeration Equipment market • To provide insights about factors affecting the market growth • To analyze the Commercial Refrigeration Equipment market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc. • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW) • To provide country level analysis of the market with respect to the current market size and future prospective • To provide country level analysis of the market for segment by type, by application, by end users and sub-segments. • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Commercial Refrigeration Equipment market

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ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com

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Commercial Refrigeration Equipment Market Research Report - Global Forecast till 2025  

Global Commercial Refrigeration Equipment Market Research Report: Information by Equipment Type (Display Cases, Walk-in Coolers, Beverage Re...

Commercial Refrigeration Equipment Market Research Report - Global Forecast till 2025  

Global Commercial Refrigeration Equipment Market Research Report: Information by Equipment Type (Display Cases, Walk-in Coolers, Beverage Re...

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