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Commercial Refrigeration Equipment Market by product Type, Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), Application (Hotels & Restaurants, Supermarkets & Hypermarkets), and Region - Global Forecast to 2026

  • ID: 5450336
  • Report
  • September 2021
  • Region: Global
  • 245 Pages
  • Markets and Markets
Growing Cold Chain Market, Increasing Use of Advanced Technologies such as Magnetic Refrigeration

FEATURED COMPANIES

  • Baltimore Aircoil Company
  • Carrier
  • Emerson Electric Co
  • Gea Group
  • Hillphoenix
  • Johnson Controls

The global commercial refrigeration equipment market is estimated to be USD 32.0 billion in 2021 and is projected to reach USD 43.3 billion by 2026, at a CAGR of 6.2%, from 2021 to 2026. The growth of the market can be attributed to the improving consumer lifestyles and flourishing food and healthcare industries, growing cold chain market, and increasing use of advanced technologies, for instance, magnetic refrigeration. Stringent regulations for the use of fluorocarbon refrigerants is a restraint in the market.




The supermarkets & hypermarkets segment is expected to be the fastest-growing application segment of the commercial refrigeration equipment market during the forecast period

The supermarkets & hypermarkets application segment is projected to be the fastest-growing segment of the commercial refrigeration equipment market from 2021 to 2026. Supermarkets and hypermarkets cannot survive without the commercial refrigeration equipment. It is a necessity of new generation grocery stores to constantly look for and adopt advanced and more efficient commercial refrigeration equipment systems.


The refrigerated display cases segment is expected to be the fastest-growing product type segment of the commercial refrigeration equipment market during the forecast period

The refrigerated display cases application segment is projected to be the fastest-growing end-use industry of the commercial refrigeration equipment market from 2021 to 2026. Refrigerated display cases are commercial refrigeration equipment used for storing food & beverages at retail outlets, such as bakeries, dairy stores, grocery stores, wine shops, convenience stores, supermarkets, and food service providers, such as hotels, restaurants, and bars.


Asia Pacific is estimated to account for the largest market share of the commercial refrigeration equipment market in 2021.

The growth of the commercial refrigeration equipment market in the Asia Pacific region is fueled by growth in the manufacturing sector; increase in spending on private & public infrastructure development; and rapid urbanization.


Profile break-up of primary interviews for the report:

  • By Company Type: Tier 1 - 47.2 %, Tier 2 - 30.7%, Tier 3 - 22.1%
  • By Designation: C level - 42.1%, Managers - 39.6%, Others - 18.3%
  • By Region: North America - 35.0%, Europe - 22.0%, Asia Pacific - 25%, Middle East & Africa - 10.0%, South America - 8.0%

As a part of the qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as Carrier (US), Emerson Electric Company (US), Daikin (Japan), Danfoss (Denmark) and GEA Group (Germany). These players have adopted product launches, collaborations, partnerships, expansions, acquisitions, agreements, joint ventures, and investments as the main strategies for enhancing their business revenues and market shares.


Research Coverage:

The report defines, segments, and projects the commercial refrigeration equipment market based on product type, refrigerant type, application, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, opportunities, and industry-specific challenges. It also strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report analyzes competitive developments including new product launches/developments undertaken by key players.


Reasons to buy the report:

The report will help market leaders/new entrants in this market by providing them the closest approximations of revenue for the overall commercial refrigeration equipment market and its subsegments. This report will help stakeholders to better understand the competitive landscape and gain insights to position their businesses better and make suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, challenges, and opportunities.


Frequently Asked Questions about the Commercial Refrigeration Equipment Market

What is the estimated value of the Commercial Refrigeration Equipment Market?

The Commercial Refrigeration Equipment Market was estimated to be valued at $32.0 Billion in 2021.

What is the growth rate of the Commercial Refrigeration Equipment Market?

The growth rate of the Commercial Refrigeration Equipment Market is 6.2%, with an estimated value of $43.3 Billion by 2026.

What is the forecasted size of the Commercial Refrigeration Equipment Market?

The Commercial Refrigeration Equipment Market is estimated to be worth $43.3 Billion by 2026.

Who are the key companies in the Commercial Refrigeration Equipment Market?

Key companies in the Commercial Refrigeration Equipment Market include Baltimore Aircoil Company, Bitzer, Carnot Refrigeration, Carrier, Daikin, Danfoss, Emerson Electric Co, Evapco, Inc and Gea Group.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Baltimore Aircoil Company
  • Carrier
  • Emerson Electric Co
  • Gea Group
  • Hillphoenix
  • Johnson Controls

1 Introduction
1.1 Objective of the Study
1.2 Competitive Intelligence
1.3 Market Definition
1.4 Market Scope
1.4.1 Market Segmentation
1.4.2 Regional Scope
1.4.3 Years Considered for the Study
1.5 Currency
1.6 Research Limitations
1.7 Stakeholders
1.8 Inclusions & Exclusions
1.8.1 Commercial Refrigeration Equipment Market, by Region: Inclusions & Exclusions
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Commercial Refrigeration Equipment Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Matrix Considered for Demand-Side
Figure 2 Main Matrix Considered while Constructing and Assessing the Demand for Commercial Refrigeration Equipment
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Methodology for Supply-Side Sizing of Commercial Refrigeration Equipment Market
2.3.2.1 Calculations for Supply-Side Analysis
2.4 Data Triangulation Methodology
Figure 6 Commercial Refrigeration Equipment Market: Data Triangulation
2.5 Research Assumptions
2.5.1 Assumptions
3 Executive Summary
Figure 7 Supermarkets & Hypermarkets Application to Lead the Commercial Refrigeration Market During the Forecast Period
Figure 8 Refrigerated Vending Machine and Refrigerant Display Case Segments to Grow at the Highest CAGR Between 2021 and 2026
Figure 9 Hydrocarbons Refrigerant Type to Grow at the Highest CAGR Between 2021 and 2026
Figure 10 APAC to Lead the Commercial Refrigeration Equipment Market During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in the Commercial Refrigeration Equipment Market
Figure 11 Increasing Use of Commercial Refrigeration in Supermarkets & Hypermarkets Segment Expected to Drive Commercial Refrigeration Equipment Market from 2021 to 2026
4.2 Commercial Refrigeration Equipment Market, by Region
Figure 12 The Commercial Refrigeration Equipment Market in South America to Grow at the Highest CAGR During the Forecast Period
4.3 Asia-Pacific Commercial Refrigeration Equipment Market
Figure 13 T Transportation Refrigeration Product Type Accounts for the Largest Share
4.4 Commercial Refrigeration Equipment Market, by Application
Figure 14 Supermarkets & Hypermarkets Segment to Lead the Commercial Refrigeration Equipment Market During the Forecast Period
4.5 Commercial Refrigeration Equipment Market, by Refrigerant Type
Figure 15 Hydrocarbons Segment to Grow at the Highest CAGR Between 2021 and 2026
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Commercial Refrigeration Equipment Market
5.2.1 Drivers
5.2.1.1 Improving Consumer Lifestyle and Flourishing Food and Healthcare Industries
5.2.1.2 Growing Cold Chain Market
5.2.1.3 Increasing Use of Advanced Technologies Such as Magnetic Refrigeration
5.2.1.4 Growing Demand for Frozen and Processed Food Across the World
5.2.2 Restraints
5.2.2.1 Stringent Regulations Against the Use of Fluorocarbon Refrigerants
Table 1 Schedule for Eliminating HCFC: Non-Article 5 Parties
Table 2 Schedule for Eliminating HCFC: Article 5 Parties
5.2.3 Opportunities
5.2.3.1 Potential Demand for Carbon Dioxide/Ammonia (Co2/Nh3) Cascade Refrigeration Systems
5.2.3.2 Improvements in the Efficiency of Refrigeration Systems with the Use of Natural Refrigerants
5.2.4 Challenges
5.2.4.1 Few Purification Companies
5.2.4.2 Impact of COVID-19
5.3 Porter's Five Forces Analysis
Figure 17 Porter's Five Forces Analysis of the Commercial Refrigeration Equipment Market
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Adjacent and Interconnected Markets
Table 3 Adjacent and Interconnected Markets (USD Million)
6 Commercial Refrigeration Equipment Patent Analysis
6.1 Introduction:
6.2 Methodology
6.3 Document Type
Figure 18 Number of Patents Registered
Figure 19 Patent Publication Trend
6.4 Insight
6.5 Jurisdiction Analysis
6.6 Top Companies/Applicants
Figure 20 Top 10 Companies/Applicants with Highest Number of Patents
Table 4 List of Patents by Hefei Hualing Co. Ltd
Table 5 List of Patents by Carrier Corp.
Table 6 List of Patents by Honeywell Int Inc.
Table 7 List of Patents by Qingdao Haier Co Ltd
Table 8 Top 10 Patent Owners (Us) in Last 10 Y Ears
6.7 Policies and Regulations
6.7.1 Europe
6.7.1.1 Eu F-Gas Regulations
6.7.1.2 Montreal Protocol
6.7.1.3 Denmark
6.7.1.4 Austria
6.7.2 North America
6.7.2.1 Significant New Alternative Policy (Snap) by Epa
6.7.3 Asia-Pacific
6.7.3.1 Japan: Revised F-Gas Law
6.7.3.2 China - Feco: First Catalogue of Recommended Substitutes for HCFCs
7 Impact of COVID-19 on the Commercial Refrigeration Equipment Market
7.1 Introduction
7.1.1 Impact of COVID-19 on Lives and Livelihood
7.1.2 Economic Outlook
7.2 Impact of COVID-19: Customer Analysis
7.3 Impact of COVID-19 on Regions
7.3.1 APAC
7.3.2 North America
7.3.3 Europe
7.3.4 Middle East & Africa
7.3.5 South America
8 Commercial Refrigeration Equipment Market, by Product Type
8.1 Introduction
Figure 21 Transportation Refrigeration Segment to Account for the Largest Share
Table 9 Commercial Refrigeration Equipment Market Size, by Product Type, 2017-2019 (USD Million)
Table 10 Commercial Refrigeration Equipment Market Size, by Product Type, 2020-2026 (USD Million)
8.2 Transportation Refrigeration
8.2.1 Increasing Demand for Temperature-Controlled Food Systems and Containers Across the Globe is Driving the Growth
8.2.2 Transportation Refrigeration Types
8.2.2.1 Shipping Container
8.2.2.2 Trailer
8.2.2.3 Truck
Table 11 Transportation Refrigeration Market Size, by Region, 2017-2019 (USD Million)
Table 12 Transportation Refrigeration Market Size, by Region, 2020-2026 (USD Million)
8.3 Refrigerator & Freezer
8.3.1 Development of Advanced Commercial Refrigeration Systems is Adding to the Growth
8.3.2 Refrigerator & Freezer Types
8.3.2.1 Walk-In
8.3.2.2 Reach-In
8.3.2.3 Chest
Table 13 Refrigerator & Freezer Market Size, by Region, 2017-2019 (USD Million)
Table 14 Refrigerator & Freezer Market Size, by Region, 2020-2026 (USD Million)
8.4 Refrigerated Display Case
8.4.1 Growing Number of Supermarkets, Grocery Stores, and Other Food Retail Outlets Worldwide is Driving the Growth of the Market
Table 15 Refrigerated Display Case Market Size, by Region, 2017-2019 (USD Million)
Table 16 Refrigerated Display Case Market Size, by Region, 2020-2026 (USD Million)
8.5 Beverage Refrigeration
8.5.1 Increasing Demand for Chilled Packaged Drinks (Alcoholic and Non- Alcoholic) is Driving the Growth
Table 17 Beverage Refrigeration Market Size, by Region, 2017-2019 (USD Million)
Table 18 Beverage Refrigeration Market Size, by Region, 2020-2026 (USD Million)
8.6 Ice Cream Merchandiser
8.6.1 The Steadily Rising Ice Cream Industry is Propelling the Growth
Table 19 Ice Cream Merchandiser Market Size, by Region, 2017-2019 (USD Million)
Table 20 Ice Cream Merchandiser Market Size, by Region, 2020-2026 (USD Million)
8.7 Refrigerated Vending Machine
8.7.1 Low Operational and Functional Costs and Growing Demand for Healthy Foods Are Driving the Growth
Table 21 Refrigerated Vending Machine Market Size, by Region, 2017-2019 (USD Million)
Table 22 Refrigerated Vending Machine Market Size, by Region, 2020-2026 (USD Million)
9 Commercial Refrigeration Equipment Market, by Refrigerant Type
9.1 Introduction
Figure 22 Fluorocarbons Segment to Lead the Commercial Refrigeration Equipment Market During the Forecast Period
Table 23 Commercial Refrigeration Equipment Market, by Refrigerant Type, 2017-2019 (USD Million)
Table 24 Commercial Refrigeration Equipment Market, by Refrigerant Type, 2020-2026 (USD Million)
9.2 Fluorocarbons
9.2.1 Growing Demand for HFCS Will Enhance the Demand for Fluorocarbons
9.2.2 Hydrochlorofluorocarbons (HCFCs)
9.2.3 Hydrofluorocarbons (HFCS)
9.2.4 Hydrofluoroolefins (Hfos)
Table 25 Fluorocarbons: Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 26 Fluorocarbons: Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
9.3 Hydrocarbons
9.3.1 Natural and Non-Toxic Properties of Refrigerants Are Expected to Enhance the Demand
Table 27 Hydrocarbons: Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 28 Hydrocarbons: Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
9.3.2 Isobutane
9.3.3 Propane
9.3.4 Others
9.4 Inorganics
9.4.1 Environmentally Friendly Properties and Low Price to Enhance the Demand
Table 29 Inorganics: Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 30 Inorganics: Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
9.4.2 Ammonia
9.4.3 Co2
9.4.4 Others
10 Commercial Refrigeration Equipment Market, by Application
10.1 Introduction
10.2 Market Size & Projection
Figure 23 Supermarkets & Hypermarkets Segment to Grow at the Highest CAGR During the Forecast Period
Table 31 Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 32 Commercial Refrigeration Equipment Market, by Application, 2016-2023 (USD Million)
10.3 Hotels & Restaurants
10.3.1 Growing Middle-Class Population in Emerging Countries to Propel the Demand
Table 33 Hotels & Restaurants: Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 34 Hotels & Restaurants: Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
10.4 Supermarkets & Hypermarkets
10.4.1 Aim to Increase Efficiency and Reduce Costs to Enhance the Demand
Table 35 Supermarkets & Hypermarkets: Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 36 Supermarkets & Hypermarkets: Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
10.5 Convenience Stores
10.5.1 Increasing Preference for Packaged Food Items Will Propel the Demand in Convenience Stores
Table 37 Convenience Stores: Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 38 Convenience Stores: Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
10.6 Bakeries
10.6.1 Adoption of Commercial Refrigeration Equipment to Store Natural Bakery Products for Increasing Their Shelf Life Will Propel the Demand
Table 39 Bakeries: Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 40 Bakeries: Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
11 Commercial Refrigeration Equipment Market, by Region
11.1 Introduction
Table 41 Commercial Refrigeration Equipment Market, by Region, 2017-2019 (USD Million)
Table 42 Commercial Refrigeration Equipment Market, by Region, 2020-2026 (USD Million)
11.2 APAC
Figure 24 APAC: Commercial Refrigeration Equipment Market Snapshot
Table 43 APAC: Commercial Refrigeration Equipment Market, by Country, 2017-2019 (USD Million)
Table 44 APAC: Commercial Refrigeration Equipment Market, by Country, 2020-2026 (USD Million)
Table 45 APAC: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 46 APAC: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 47 APAC: Commercial Refrigeration Equipment Market,
Table 48 APAC: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2020-2026 (USD Million)
Table 49 APAC: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 50 APAC: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.1 China
11.2.1.1 The Increasing Consumption of Packaged and Frozen Food in China is Driving the Growth
Table 51 China: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 52 China: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 53 China: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 54 China: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.2 Japan
11.2.2.1 High Presence of Refrigeration Equipment Manufacturers in Japan is Fueling the Growth
Table 55 Japan: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 56 Japan: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 57 Japan: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 58 Japan: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.3 India
11.2.3.1 Government Support for Setting Up of Cold Storage Facilities to Drive Market Growth
Table 59 India: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 60 India: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 61 India: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 62 India: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.4 South Korea
11.2.4.1 Growing Trend of Supermarkets & Hypermarkets is Driving the Market Growth
Table 63 South Korea: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 64 South Korea: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 65 South Korea: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 66 South Korea: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.5 Thailand
11.2.5.1 The Growth in End-Use Industries, Such as Cold Storage, to Boost the Market
Table 67 Thailand: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 68 Thailand: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 69 Thailand: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 70 Thailand: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.6 Malaysia
11.2.6.1 High Penetration of Refrigeration Appliances in the Country is Propelling the Demand for Refrigeration Equipment
Table 71 Malaysia: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 72 Malaysia: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 73 Malaysia: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 74 Malaysia: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.7 Singapore
11.2.7.1 High Demand for Advanced Refrigeration Equipment from Convenience Stores is Driving the Growth
Table 75 Singapore: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 76 Singapore: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 77 Singapore: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 78 Singapore: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.8 Indonesia
11.2.8.1 The Growing Cold Storage Construction Market to Drive the Commercial Refrigeration Equipment Market
Table 79 Indonesia: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 80 Indonesia: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 81 Indonesia: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 82 Indonesia: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.2.9 Rest of APAC
Table 83 Rest of APAC: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 84 Rest of APAC: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 85 Rest of APAC: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 86 Rest of APAC: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.3 North America
Figure 25 North America: Commercial Refrigeration Equipment Market Snapshot
Table 87 North America: Commercial Refrigeration Equipment Market, by Country, 2017-2019 (USD Million)
Table 88 North America: Commercial Refrigeration Equipment Market, by Country, 2020-2026 (USD Million)
Table 89 North America: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 90 North America: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 91 North America: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2017-2019 (USD Million)
Table 92 North America: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2020-2026 (USD Million)
Table 93 North America: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 94 North America: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.3.1 US
11.3.1.1 Construction of Cold Storage and Ice Manufacturing Facilities Will Drive the Demand
Table 95 US: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 96 US: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 97 US: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 98 US: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.3.2 Canada
11.3.2.1 Increase in Demand from Supermarkets and Convenience Stores to Enhance the Demand
Table 99 Canada: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 100 Canada: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 101 Canada: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 102 Canada: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.3.3 Mexico
11.3.3.1 Growing Packaged Food Industry Has Increased the Demand for Commercial Refrigeration Equipment in Mexico
Table 103 Mexico: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 104 Mexico: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 105 Mexico: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 106 Mexico: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.4 Europe
Figure 26 Europe: Commercial Refrigeration Equipment Market Snapshot
Table 107 Europe: Commercial Refrigeration Equipment Market, by Country, 2017-2019 (USD Million)
Table 108 Europe: Commercial Refrigeration Equipment Market, by Country, 2020-2026 (USD Million)
Table 109 Europe: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 110 Europe: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 111 Europe: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2017-2019 (USD Million)
Table 112 Europe: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2020-2026 (USD Million)
Table 113 Europe: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 114 Europe: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.4.1 Germany
11.4.1.1 Hotels & Restaurants Application to Lead the Commercial Refrigeration Equipment Market in Germany
Table 115 Germany: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 116 Germany: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 117 Germany: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 118 Germany: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.4.2 UK
11.4.2.1 The Supermarkets & Hypermarkets Application is Estimated to Fuel the Growth
Table 119 UK: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 120 UK: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 121 UK: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 122 UK: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.4.3 France
11.4.3.1 Growing Demand for Refrigerated Vending Machines and Display Cases in Retail Stores and Supermarkets to Fuel Growth
Table 123 France: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 124 France: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 125 France: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 126 France: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.4.4 Italy
11.4.4.1 Growing Use of Vending Machines Across Various Applications to Propel the Demand
Table 127 Italy: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 128 Italy: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 129 Italy: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 130 Italy: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.4.5 Spain
11.4.5.1 Increasing Shift of Preference Toward Packaged Food Products to Enhance Market Growth
Table 131 Spain: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 132 Spain: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 133 Spain: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 134 Spain: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.4.6 Rest of Europe
Table 135 Rest of Europe: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 136 Rest of Europe: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 137 Rest of Europe: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 138 Rest of Europe: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.5 Middle East & Africa
Table 139 Middle East & Africa: Commercial Refrigeration Equipment Market, by Country, 2017-2019 (USD Million)
Table 140 Middle East & Africa: Commercial Refrigeration Equipment Market, by Country, 2020-2026 (USD Million)
Table 141 Middle East & Africa: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 142 Middle East & Africa: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 143 Middle East & Africa: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2017-2019 (USD Million)
Table 144 Middle East & Africa: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2020-2026 (USD Million)
Table 145 Middle East & Africa: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 146 Middle East & Africa: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.5.1 Saudi Arabia
11.5.1.1 Growing Demand for Commercial Refrigeration from the Country's Hotels & Restaurants and Retail Stores Will Drive the Market
Table 147 Saudi Arabia: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 148 Saudi Arabia: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 149 Saudi Arabia: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 150 Saudi Arabia: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.5.2 Turkey
11.5.2.1 Increase in Demand from the Packaged Food Industry to Propel the Demand for Commercial Refrigeration Equipment
Table 151 Turkey: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 152 Turkey: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 153 Turkey: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 154 Turkey: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.5.3 Egypt
11.5.3.1 Emerging Economy to Propel the Demand for Commercial Refrigeration Equipment
Table 155 Egypt: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 156 Egypt: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 157 Egypt: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 158 Egypt: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.5.4 Rest of Middle East & Africa
Table 159 Rest of Middle East & Africa: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 160 Rest of Middle East & Africa: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 161 Rest of Middle East & Africa: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 162 Rest of Middle East & Africa: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.6 South America
Table 163 South America: Commercial Refrigeration Equipment Market, by Country, 2017-2019 (USD Million)
Table 164 South America: Commercial Refrigeration Equipment Market, by Country, 2020-2026 (USD Million)
Table 165 South America: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 166 South America: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 167 South America: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2017-2019 (USD Million)
Table 168 South America: Commercial Refrigeration Equipment Market, by Refrigerant Type, 2020-2026 (USD Million)
Table 169 South America: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 170 South America: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.6.1 Brazil
11.6.1.1 Increase in Infrastructural Development Activities Such as Commercial Sites and Hospitals Will Drive the Demand
Table 171 Brazil: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 172 Brazil: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 173 Brazil: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 174 Brazil: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.6.2 Argentina
11.6.2.1 Growing White Goods Industry Will Drive the Demand
Table 175 Argentina: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 176 Argentina: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 177 Argentina: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 178 Argentina: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.6.3 Chile
11.6.3.1 Increase in the Demand for Frozen Food Products Will Drive the Demand
Table 179 Chile: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 180 Chile: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 181 Chile: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 182 Chile: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
11.6.4 Rest of South America
Table 183 Rest of South America: Commercial Refrigeration Equipment Market, by Product Type, 2017-2019 (USD Million)
Table 184 Rest of South America: Commercial Refrigeration Equipment Market, by Product Type, 2020-2026 (USD Million)
Table 185 Rest of South America: Commercial Refrigeration Equipment Market, by Application, 2017-2019 (USD Million)
Table 186 Rest of South America: Commercial Refrigeration Equipment Market, by Application, 2020-2026 (USD Million)
12 Competitive Landscape
12.1 Key Players’ Strategies
Table 187 Overview of Key Strategies Adopted by Top Players, 2018-2021
12.2 Revenue Analysis
Figure 27 Revenue Share Analysis in the Commercial Refrigeration Equipment Market
12.3 Market Share Analysis
Figure 28 Commercial Refrigeration Equipment: Market Share Analysis
Table 188 Commercial Refrigeration Equipment Market: Degree of Competition
Table 189 Commercial Refrigeration Equipment Market: Application Footprint
Table 190 Commercial Refrigeration Equipment Market: Region Footprint
12.4 Company Evaluation Quadrant
12.4.1 Star
12.4.2 Pervasive
12.4.3 Emerging Leader
12.4.4 Participant
Figure 29 Commercial Refrigeration Equipment Market (Global) Competitive Leadership Mapping, 2020
12.5 Competitive Leadership Mapping of SME, 2020
12.5.1 Progressive Companies
12.5.2 Responsive Companies
12.5.3 Starting Blocks
12.5.4 Dynamic Companies
Figure 30 Other Additional Players/SMEs Evaluation Matrix for Commercial Refrigeration Equipment Market
12.6 Competitive Scenario
Table 191 Commercial Refrigeration Equipment Market: Product Launches, 2018-2021
Table 192 Commercial Refrigeration Equipment Market: Deals, 2018-2021
Table 193 Commercial Refrigeration Equipment Market: Other Developments, 2018-2021
13 Company Profiles
13.1 Daikin
Business Overview, Products Offered, Recent Developments, Analyst's View
Table 194 Daikin: Company Overview
Figure 31 Daikin: Company Snapshot
Table 195 Daikin: Product Offerings
Table 196 Daikin: Product Launches
Table 197 Daikin: Deals
Table 198 Daikin: Others
13.2 Danfoss
Table 199 Danfoss: Company Overview
Figure 32 Danfoss: Company Snapshot
Table 200 Danfoss: Product Offerings
Table 201 Danfoss: Product Launches
Table 202 Danfoss: Others
13.3 Gea Group
Table 203 Gea Group: Company Overview
Figure 33 Gea Group: Company Snapshot
Table 204 Gea Group: Product Offerings
Table 205 Gea Group: Product Launches
Table 206 Gea Group: Deals
Table 207 Gea Group: Others
13.4 Johnson Controls
Table 208 Johnson Controls: Company Overview
Figure 34 Johnson Controls: Company Snapshot
Table 209 Johnson Controls: Product Offerings
13.5 Bitzer
Table 210 Bitzer: Company Overview
Table 211 Bitzer: Solution/ Product Offerings
Table 212 Bitzer: Product Launches
Table 213 Bitzer: Deals
Table 214 Bitzer: Others
13.6 Hillphoenix
Table 215 Hillphoenix: Company Overview
Table 216 Hillphoenix: Product Offerings
13.7 SCM Frigo S.P.A.
Table 217 SCM Frigo: Company Overview
Table 218 SCM Frigo S.P.A.: Product Offerings
Table 219 SCM Frigo S.P.A.: Product Launches
13.8 Emerson Electric Co.
Table 220 Emerson Electric Co.: Company Overview
Figure 35 Emerson Electric Co.: Company Snapshot
Table 221 Emerson Electric Co.: Product Offerings
Table 222 Emerson Electric Co.: Product Launches
Table 223 Emerson Electric Co.: Others
13.9 Carrier
Table 224 Carrier: Company Overview
Table 225 Carrier: Product Offerings
Table 226 Carrier: Product Launches
Table 227 Carrier: Deals
13.10 Henry Technologies
Table 228 Henry Technologies: Company Overview
Table 229 Henry Technologies: Product Offerings
13.11 Heatcraft Worldwide Refrigeration
Table 230 Heatcraft Worldwide Refrigeration: Company Overview
Table 231 Heatcraft Worldwide Refrigeration: Product Offerings
Table 232 Heatcraft Worldwide Refrigeration: Product Launches
13.12 Panasonic Corporation
Table 233 Panasonic Corporation: Company Overview
Figure 36 Panasonic Corporation: Company Snapshot
Table 234 Panasonic Corporation: Product Offerings
13.13 Imbera
Table 235 Imbera: Company Overview
Table 236 Imbera: Product Offerings
13.14 Minus Forty
Table 237 Minus Forty: Company Overview
Table 238 Minus Forty: Product Offerings
13.15 Metalfrio
Table 239 Metalfrio: Company Overview
Figure 37 Metalfrio: Company Snapshot
Table 240 Metalfrio: Product Offerings
13.16 Excellence Industries
Table 241 Excellence Industries: Company Overview
Table 242 Excellence Industries: Product Offerings
13.17 Illinois Tool Works Inc.
Table 243 Illinois Tool Works Inc.: Company Overview
Figure 38 Illinois Tool Works Inc.: Company Snapshot
Table 244 Illinois Tool Works Inc.: Product Offerings
13.18 Baltimore Aircoil Company
Table 245 Baltimore Aircoil Company: Company Overview
Table 246 Baltimore Aircoil Company: Product Offerings
Table 247 Baltimore Aircoil Company: Product Launches
13.19 Lg Electronics
Table 248 Lg Electronics: Company Overview
Figure 39 Lg Electronics: Company Snapshot
Table 249 Lg Electronics: Product Offerings
Business Overview, Products Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
13.20 Other Players
13.20.1 Carnot Refrigeration
Table 250 Carnot Refrigeration: Company Overview
13.20.2 Green & Cool
Table 251 Green & Cool: Company Overview
13.20.3 Evapco, Inc.
Table 252 Evapco, Inc.: Company Overview
13.20.4 Rockwell Industries Limited
Table 253 Rockwell Industries Limited: Company Overview
13.20.5 Ice Make Refrigeration Limited
Table 254 Ice Make Refrigeration Limited: Company Overview
13.20.6 Western Refrigeration Private Limited
Table 255 Western Refrigeration Private Limited: Company Overview
13.20.7 Mayekawa Mfg. Co. Ltd.
Table 256 Mayekawa Mfg. Co. Ltd.: Company Overview
14 Adjacent and Related Markets
14.1 Introduction
14.2 Limitations
14.3 Commercial Refrigeration Equipment Interconnected Markets
14.4 Refrigerant Market
14.4.1 Market Definition
14.4.2 Market Overview
14.4.3 Refrigerants Market, by Application
14.4.3.1 Refrigeration Systems
14.4.3.2 Chillers
14.4.3.3 Air Conditioning Systems
14.4.3.4 Mobile Air Conditioning (Mac)
Table 257 Refrigerants Market Size, by Application, 2018-2025 (Kiloton)
Table 258 Refrigerants Market Size, by Application, 2018-2025 (USD Million)
14.5 Industrial Refrigeration System Market
14.5.1 Market Definition
14.5.2 Market Overview
14.5.3 Industrial Refrigeration System Market, by Refrigerant Type
14.5.3.1 Ammonia
14.5.3.2 Co2
14.5.3.3 Others
Table 259 Industrial Refrigeration System Market, by Re Frigerant Type, 2016-2025 (USD Billion)
15 Appendix
15.1 Discussion Guide
15.2 Knowledge Store: Subscription Portal
15.3 Available Customizations
15.4 Related Reports
15.5 Author Details
Note: Product cover images may vary from those shown
  • Baltimore Aircoil Company
  • Bitzer
  • Carnot Refrigeration
  • Carrier
  • Daikin
  • Danfoss
  • Emerson Electric Co
  • Evapco, Inc
  • Excellence Industries
  • Gea Group
  • Green & Cool
  • Heatcraft Worldwide Refrigeration
  • Henry Technologies
  • Hillphoenix
  • Ice Make Refrigeration Limited
  • Illinois Tool Works Inc
  • Imbera
  • Johnson Controls
  • LG Electronics
  • Mayekawa Mfg Co Ltd
  • Metalfrio
  • Minus Forty
  • Panasonic Corporation
  • Rockwell Industries Limited
  • SCM Frigo SPA
  • Western Refrigeration Private Limited
Note: Product cover images may vary from those shown

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