Commercial Refrigeration Equipment Market

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Commercial Refrigeration Equipment Market by Type (Display Cases, Walk-in Coolers/Reach-in Coolers and Beverage Refrigeration), Application (Supermarket, Hypermarket, and others) and Region - Forecast till 2025

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.)


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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, 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?


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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.


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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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