Commercial Refrigeration Equipment Market Analysis By Type, By Retail Channel, By Application And Segment Forecasts To 2024

  • ID: 3934192
  • Report
  • 80 pages
  • Grand View Research
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The global commercial refrigeration equipment market is expected to reach USD 52.52 billion by 2024. Growing number of hypermarket and supermarket in developing regions has increased the demand of energy efficient equipment in the recent years. Rapid industrialization, rising disposable income and several other demographic shifts has led to significant change in food and beverage consumption over the past few years.

Rising capital investment with the growing emergence of food services in terms of transportation, distribution and production is anticipated to proliferate volume of shipments. Increasing use of these equipment in horticulture, processes, and seafood is also projected to contribute to the industry demand. Furthermore, the increasing international trade of frozen food items in various countries owing to the shift in food consumption trends has led to the considerable rise in demand for refrigeration products across the commercial sector.

Advances in compressor protection controls and introduction of reconfigured kitchen space with modular commercial refrigeration units are anticiapted to drive the demand for advanced technology. Modern products use evenly distributed air temperature units and appropriate humidity levels. Continuous advancements in cooling technologies have been ensuring the need for energy efficient products across the hospitality sector.

Moreover, commercial refrigeration equipment manufacturers invested considerably in R&D activities to develop advanced and innovative products. Further, in order to cater to the requirement of their customers, vendors provide installation along with services such as repairing, and maintaining systems.

Further key findings from the study suggest:

Transportation refrigeration equipment segment accounted for 19% in 2015, which is expected to grow at a significant CAGR of 7.3% from 2016 to 2024. Globalization in agriculture and trade liberalization is motivating the shift towards increased preference for high nutrition and processed foods. Hence, rise in the international food trade would foster the product segment as most of the activities in the food trade require proper transportation facilities of food articles between countries.

Food service segment exhibited for over 32% of the revenue share in 2015 and is projected to witness significant growth over the forecast period. Development of cascade refrigeration systems with variable speed compressors are expected to escalate the industry demand across the food and beverage industry.

Asia Pacific is expected to witness substantial growth with a CAGR of nearly 7.5% over the forecast period. The flourishing retail and food industry in the region has led to increasing demand for innovative equipment. Further, the rising consumption of packaged food and beverages is expected to rise the industry growth.

Key companies operating in the commercial refrigeration equipment industry include Carrier, Electrolux AB, Daikin, Ingersoll-Rand PLC, Illinois Tool Works Inc., Dover Corporation, and Johnson Controls. Manufacturers in the industry are focusing on expanding their presence across the globe to gain market share. For instance, in 2015, Daikin Industries, Ltd. acquired Solvay S.A., the refrigeration business in Europe of Belgium Chemical Group. This acquisition will allow the company to fully expand the refrigerant business in Europe.
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1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2 Executive Summary
2.1 Commercial refrigeration equipment - Industry summary & key buying criteria, 2014 - 2024
3 Commercial Refrigeration Equipment Industry Outlook
3.1 Market segmentation
3.2 Commercial refrigeration equipment market size and growth prospects
3.3 Commercial refrigeration equipment value chain analysis
3.4 Commercial refrigeration equipment market dynamics
3.5 Key opportunities prioritized
3.6 Industry analysis - Porter’s Analysis
3.7 Commercial refrigeration equipment - Key competitor analysis, 2014
3.8 Commercial refrigeration equipment - PESTEL analysis
4 Commercial Refrigeration Equipment Product Outlook
4.1 Commercial refrigeration equipment market share by product, 2014 & 2024
4.2 Transportation refrigeration equipment
4.3 Refrigerators & Freezers
4.4 Display Showcases
4.5 Beverage refrigeration
4.6 Parts
4.7 Others
5 Commercial Refrigeration Equipment Retail Channel Outlook
4.1 Commercial refrigeration equipment market share by retail channel, 2014 & 2024
4.2 Hypermarkets
4.3 Supermarkets
4.4 Convenience store
4.5 Speciality food store
4.6 Others
6 Commercial Refrigeration Equipment Application Outlook
5.1 Commercial refrigeration equipment market share by application, 2014 & 2024
5.2 Food Service
5.3 Food & beverage retail
5.4 Food & beverage distribution
5.5 Food & Beverage Production
5.6 Others
7 Commercial Refrigeration Equipment Regional Outlook
7.1 Commercial refrigeration equipment market share by region, 2014 & 2024
7.2 North America
7.2.1 North America market by product, 2014 - 2024
7.2.2 North America market by retail channel, 2014 - 2024
7.2.3 North America market by application, 2014 - 2024
7.3 Europe
7.3.1 Europe market by product, 2014 - 2024
7.3.2 Europe market by retail channel, 2014 - 2024
7.3.3 Europe market by application, 2014 - 2024
7.4 Asia Pacific
7.4.1 Asia Pacific market by product, 2014 - 2024
7.4.2 Asia Pacific market by retail channel, 2014 - 2024
7.4.3 Asia Pacific market by application, 2014 - 2024
7.5 Latin America
7.5.1 Latin America market by product, 2014 - 2024
7.5.2 Latin America market by retail channel, 2014 - 2024
7.5.3 Latin America market by application, 2014 - 2024
7.6 Middle East & Africa
7.6.1 Middle East & Africa market by product, 2014 - 2024
7.6.2 Middle East & Africa market by retail channel, 2014 - 2024
7.6.3 Middle East & Africa market by application, 2014 - 2024
8 Competitive Analysis
8.1 AHT Cooling System
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2 Ali S.p.A
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3 Carrier
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4 Daikin
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5 Dover Corporation
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6 Electrolux AB
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7 Hussmann
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8 Illinois Tool Works Inc
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9 Ingersoll-Rand plc
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10 Johnson Controls Inc
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11 Manitowoc Company
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12 Lennox International
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13 Panasonic Corporation
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14 Standex International
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15 United Technologies Corp.
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
8.16 Whirlpool Corporation
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic Initiatives

List of Tables

Table 1 Commercial refrigeration equipment - Industry summary & key buying criteria, 2014 - 2024
Table 2 Global commercial refrigeration equipment market, 2014 - 2024 (USD Million)
Table 3 Global market estimates and forecast by region, 2014 - 2024 (USD Million)
Table 4 Global market estimates and forecast by product, 2014 - 2024 (USD Million)
Table 5 Global market estimates and forecast by application, 2014 - 2024 (USD Million)
Table 6 Environmentally accepTable refrigerants, 2015
Table 7 Key commercial refrigeration equipment providers, 2015
Table 8 Global transportation refrigeration equipment demand, 2014 - 2024 (USD Million)
Table 9 Global transportation refrigeration equipment demand by region, 2014 - 2024 (USD Million)
Table 10 Global refrigerators & freezers demand, 2014 - 2024 (USD Million)
Table 11 Global refrigerators & freezers demand by region, 2014 - 2024 (USD Million)
Table 12 Global beverage refrigeration demand, 2014 - 2024 (USD Million)
Table 13 Global display showcases demand by region, 2014 - 2024 (USD Million)
Table 14 Global display showcases demand, 2014 - 2024 (USD Million)
Table 15 Global beverage refrigeration demand by region, 2014 - 2024 (USD Million)
Table 16 Global commercial refrigeration equipment parts demand, 2014 - 2024 (USD Million)
Table 17 Global commercial refrigeration equipment parts demand by region, 2014 - 2024 (USD Million)
Table 18 Global other equipment demand, 2014 - 2024 (USD Million)
Table 19 Global other equipment demand by region, 2014 - 2024 (USD Million)
Table 20 Global hypermarket demand, 2014 - 2024 (USD Million)
Table 21 Global hypermarket demand by region, 2014 - 2024 (USD Million)
Table 22 Global supermarket retail demand, 2014 - 2024 (USD Million)
Table 23 Global supermarket retail demand by region, 2014 - 2024 (USD Million)
Table 24 Global convenience store distribution demand, 2014 - 2024 (USD Million)
Table 25 Global convenience store distribution demand by region, 2014 - 2024 (USD Million)
Table 26 Global speciality food store production demand, 2014 - 2024 (USD Million)
Table 27 Global speciality food store production demand by region, 2014 - 2024 (USD Million)
Table 28 Global other retail channels demand, 2014 - 2024 (USD Million)
Table 29 Global other retail channels demand by region, 2014 - 2024 (USD Million)
Table 30 Global food service demand, 2014 - 2024 (USD Million)
Table 31 Global food service demand by region, 2014 - 2024 (USD Million)
Table 32 Global food & beverage retail demand, 2014 - 2024 (USD Million)
Table 33 Global food & beverage retail demand by region, 2014 - 2024 (USD Million)
Table 34 Global food & beverage distribution demand, 2014 - 2024 (USD Million)
Table 35 Global food & beverage distribution demand by region, 2014 - 2024 (USD Million)
Table 36 Global food & beverage production demand, 2014 - 2024 (USD Million)
Table 37 Global food & beverage production demand by region, 2014 - 2024 (USD Million)
Table 38 Global other applications demand, 2014 - 2024 (USD Million)
Table 39 Global other applications demand by region, 2014 - 2024 (USD Million)
Table 40 North America market by product, 2014 - 2024 (USD Million)
Table 41 North America market by retail channel, 2014 - 2024 (USD Million)
Table 42 North America market by application, 2014 - 2024 (USD Million)
Table 43 Europe market by product, 2014 - 2024 (USD Million)
Table 44 Europe market by retail channel, 2014 - 2024 (USD Million)
Table 45 Europe market by application, 2014 - 2024 (USD Million)
Table 46 Asia Pacific market by product, 2014 - 2024 (USD Million)
Table 47 Asia Pacific market by retail channel, 2014 - 2024 (USD Million)
Table 48 Asia Pacific market by application, 2014 - 2024 (USD Million)
Table 49 Lain America market by product, 2014 - 2024 (USD Million)
Table 50 Lain America market by product, 2014 - 2024 (USD Million)
Table 51 Lain America market by application, 2014 - 2024 (USD Million)
Table 52 MEA market by product, 2014 - 2024 (USD Million)
Table 53 MEA market by product, 2014 - 2024 (USD Million)
Table 54 MEA market by application, 2014 - 2024 (USD Million)

List of Figures

Figure 1 Commercial refrigeration equipment market segmentation
Figure 2 Global commercial refrigeration equipment market, 2014 - 2024 (USD Million)
Figure 3 Commercial refrigeration equipment value chain analysis
Figure 4 Commercial refrigeration equipment market dynamics
Figure 5 Key opportunities - Prioritized
Figure 6 Global energy usage of commercial refrigeration, by equipment type, 2014
Figure 7 Commercial refrigeration equipment - Porter’s analysis
Figure 8 Johnson Control HVAC market share, 2014 - 2024
Figure 9 Commercial refrigeration equipment - PESTEL analysis
Figure 10 Commercial refrigeration equipment market share by product, 2014 - 2024
Figure 11 Global transportation refrigeration equipment demand, 2014 - 2024 (USD Million)
Figure 12 Global refrigerators & freezers demand, 2014 - 2024 (USD Million)
Figure 13 Global beverage refrigeration demand, 2014 - 2024 (USD Million)
Figure 14 Global commercial refrigeration equipment parts, 2014 - 2024 (USD Million)
Figure 15 Global other equipment demand, 2014 - 2024 (USD Million)
Figure 16 Commercial refrigeration equipment market share by retail channel, 2014 - 2024
Figure 17 Global hypermarket demand, 2014 - 2024 (USD Million)
Figure 18 Global supermarket demand, 2014 - 2024 (USD Million)
Figure 19 Global convenience strore demand, 2014 - 2024 (USD Million)
Figure 20 Global speciality store equipment parts, 2014 - 2024 (USD Million)
Figure 21 Global other retail channel demand, 2014 - 2024 (USD Million)
Figure 22 Commercial refrigeration equipment market share by application, 2014 - 2024
Figure 23 Global food service demand, 2014 - 2024 (USD Million)
Figure 24 Global food & beverage retail demand, 2014 - 2024 (USD Million)
Figure 25 Global food & beverage distribution demand, 2014 - 2024 (USD Million)
Figure 26 Global food & beverage production demand, 2014 - 2024 (USD Million)
Figure 27 Global other applications demand, 2014 - 2024 (USD Million)
Figure 28 Commercial refrigeration equipment market share by region, 2014 - 2024
Figure 29 North America market by product, 2014 - 2024 (USD Million)
Figure 30 North America market by application, 2014 - 2024 (USD Million)
Figure 31 Europe market by product, 2014 - 2024 (USD Million)
Figure 32 Europe market by application, 2014 - 2024 (USD Million)
Figure 33 Asia Pacific market by product, 2014 - 2024 (USD Million)
Figure 34 Asia Pacific market by application, 2014 - 2024 (USD Million)
Figure 35 Latin America market by product, 2014 - 2024 (USD Million)
Figure 36 Latin America market by application, 2014 - 2024 (USD Million)
Figure 37 MEA market by product, 2014 - 2024 (USD Million)
Figure 38 MEA market by application, 2014 - 2024 (USD Million)
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