Global Commercial Refrigeration Equipment Market By Type (Blast Chillers, Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), Application (Food service, Food and beverage distribution, Food and Beverage Retail, Other), End User (Food Processing Industry, Food Service Industry, Full Service Restaurant & Hotels, Quick Service Restaurants, Catering Services), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa)Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Commercial Refrigeration Equipment Market
Commercial refrigeration equipment marketis expected to reach USD 53.3 billion by 2027 growing at a growth rate of 6.50% in the forecast period 2020 to 2027. Increasing usage of advanced technologies such as magnetic refrigeration is the factor for the commercial refrigeration equipment market in the forecast period of 2020-2027.
Improving consumer lifestyle along with thriving food and healthcare industrieswill accelerate the demand for commercial refrigeration equipment market. Rising cold chain, increasing shelf-life of products, increase in the number of quick service restaurants, rising demand for frozen and & chilled products and rapid urbanization are also expected to drive the market. On the other hand, development in the effectiveness of refrigeration systems with the exercise of natural refrigerantsand rising demand for bakery products, frozen food and packaged food products will further create new opportunities for thecommercial refrigeration equipment market in the forecast period of 2020-2027.
High installation cost coupled with commercial refrigerators will restrict the growth of the commercial refrigeration equipment market in the above mentioned forecast period.
This commercial refrigeration equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on commercial refrigeration equipment market contact Data Bridge Market Research for an Analyst Brief,our team will help you take an informed market decision to achieve market growth.
Global Commercial Refrigeration EquipmentMarket Scope and Market Size
Commercial refrigeration equipment market is segmented on the basis of type, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the commercial refrigeration equipment market is segmented into blast chillers, refrigerator & freezer, transportation refrigeration, refrigerated display case, beverage refrigeration, ice cream merchandiser and refrigerated vending machine.
- Based on the application, the commercial refrigeration equipment market is segmented into food service, food and beverage distribution, food and beverage retail and other.
- The commercial refrigeration equipment market is also segmented on the basis of end-user. The end user is segmented into food processing industry, food service industry, full service restaurant & hotels, quick service restaurants and catering services.
Commercial Refrigeration EquipmentMarket Country Level Analysis
Commercial refrigeration equipment market is analyses and market size, volume information is provided by country, type, application and end user as referenced above.
The countries covered in the commercial refrigeration equipment market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the commercial refrigeration equipment market in the forecast period 2020 to 2027 because of rising population, better economic conditions, such as increasing GDP & disposable incomes of people along with thriving consumer appliances sector in the region.
The country section of the commercial refrigeration equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Refrigeration EquipmentMarket Share Analysis
Commercial refrigeration equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commercial refrigeration equipment market.
The major players covered in thecommercial refrigeration equipment report are Emerson Electric Co., Carrier, National Refrigeration Company, Bharat Refrigerations Private Limitied,Danfoss, GEA GroupAktiengesellschaft, Heatcraft Worldwide Refrigeration, Daikin Industries, Ltd., Western Refrigeration Private Limited,Johnson Controls, Bitzer SE,Advansor A/S, Mayekawa Mfg. Co., Ltd.,Baltimore Aircoil Company, Inc., Commercial Refrigeration Inc.,Hillphoenix, A Dover Company, Carnot Refrigeration, Rockwell Industries Limited,Beijer Ref AB, Green & Cool, Hussman Corporation,Henry Group Industries, Evapco, Inc. and AHT Cooling Systems,among other domestic and globalplayers. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.