Commercial Refrigeration Equipment Market

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Commercial Refrigeration Equipment Market
Research Report By Forecast To 2025
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2025
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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,
AsiaPacific 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?

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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
regions future holds much promise, as there are
indications of the construction and manufacturing
industries expanding significantly.
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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 segments 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, porters 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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