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Commercial Refrigeration Equipment Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5735070
The commercial refrigeration equipment market size has grown strongly in recent years. It will grow from $56.26 billion in 2023 to $59.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth observed in the historical period can be attributed to factors such as the introduction of mechanical refrigeration, the rise of food retail chains, the advent of commercial ice machines, the expansion of cold storage facilities, and innovation in display cases.

The commercial refrigeration equipment market size is expected to see steady growth in the next few years. It will grow to $70.67 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period can be attributed to the demand from emerging markets, the digitization of the market, the increasing demand for energy-efficient solutions, the adoption of low-GWP refrigerants, and the implementation of smart cooling solutions. Major trends expected in the forecast period include a focus on sustainable practices, a rise in cold chain logistics, the utilization of remote and off-grid solutions, the impact of urbanization and small format stores, and an emphasis on modularity and flexibility in commercial refrigeration equipment.

The surge in consumer demand for frozen and chilled products is expected to be a key driver for the commercial refrigeration market. This heightened preference can be attributed to evolving lifestyles, rapid urbanization, and the advantages offered by frozen items, such as extended shelf life, convenience, and time-saving in food preparation and clean-up. According to the American Frozen Food Institute (AFFI), frozen food sales in the U.S. surpassed $72 billion in 2022, marking an 8.6% increase compared to the previous year. The storage of frozen and chilled products in commercial refrigerators, found in supermarkets, hypermarkets, and refrigerated trucks, necessitates robust commercial refrigeration equipment, contributing to the market's growth.

Anticipated growth in the food and beverage industry is set to drive the commercial refrigeration equipment market further. Encompassing a wide array of establishments, including restaurants, engaged in food preparation, service, and delivery, the food and beverage industry heavily relies on commercial refrigeration equipment for proper storage, preservation, and maintenance of perishable items. Notably, the U.S. restaurant industry reported $898 billion in sales in 2022, indicating a substantial increase of $166.5 billion from the previous year and underscoring the pivotal role of commercial refrigeration in supporting this industry's growth.

The market faces challenges due to high equipment and installation costs, potentially hindering its growth. For instance, walk-in coolers, including installation, can range from $3,000 to $9,000, and the average cost of equipment repair falls between $100 and $325. Such high costs pose financial constraints, particularly for smaller retailers, limiting their adoption of commercial refrigeration equipment and impacting the market.

Companies are increasingly integrating advanced technologies such as artificial intelligence, 5G, and machine learning into commercial refrigeration equipment. This integration aims to reduce electrical consumption, enhance preventive maintenance, and improve overall customer experience. Axiom Cloud, a provider of cloud-based solutions for the commercial refrigeration industry, recently introduced AI-based early leak detection software, demonstrating the industry's commitment to innovation and sustainability.

Major players in the commercial refrigeration equipment market are focusing on innovative product development, including refrigeration solutions for vaccine transporters. These specialized vehicles or containers equipped with refrigeration and temperature control systems ensure the safe storage and transportation of vaccines, especially to remote areas. For example, in February 2021, Blue Star Ltd., an India-based commercial appliance company, unveiled a new range of commercial refrigeration equipment tailored for vaccine storage and transportation. This includes vaccine transporters, ice-lined refrigerators, medical freezers, pharma refrigerators, pharmacy refrigerators, and modular cold rooms, with a specific focus on maintaining the desired temperature even in the absence of power.

In September 2021, Ronin Equity Partners, a U.S.-based private equity firm, acquired QBD. QBD, a U.S.-based manufacturer of commercial refrigeration equipment, is known for its green cooling deck concept, expanding its application and market presence across various industries.

Major companies operating in the commercial refrigeration equipment market report are United Technologies Corporation, Haier Group Corporation, Daikin Industries Ltd., Johnson Controls International PLC, Carrier Commercial Refrigeration Inc., Danfoss A/S, Whirlpool Corporation, Illinois Tool Works Inc., Liebherr Group, Emerson Electric Co., AB Electrolux, Dover Corporation, Blue Star Limited, Ingersoll Rand Inc., GEA Group AG, Lennox International Inc., Manitowoc Company Inc., Hussmann Corporation, Traulsen & Company LLC, Ali Group S.r.l., Beverage-Air Corporation, True Manufacturing Co. Inc., Metalfrio Solutions S.A., Frigoglass SAIC, AHT Cooling Systems GmbH, Scotsman Industries Inc., Williams Refrigeration, Master-Bilt Products, Foster Refrigerator, Hoshizaki Corporation, Gram Commercial A/S, Skope Industries Limited, Precision Refrigeration Ltd., Arneg S.p.A. The Asia-Pacific was the largest region in the commercial refrigeration equipment market in 2023. North America was the second largest region in the global commercial refrigeration equipment market share. The regions covered in the commercial refrigeration equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The primary product types of commercial refrigeration equipment include refrigerators & freezers, transportation refrigeration, refrigerated display cases, beverage refrigeration, ice cream merchandisers, and refrigerated vending machines. Beverage refrigeration involves a refrigerated storage area designed to cool beverages, utilizing either a vehicle's air conditioning system or a separate phase-cooling system. The refrigerant types used in these systems include fluorocarbons, hydrocarbons, and inorganics. Various applications for commercial refrigeration equipment include usage in hotels & restaurants, supermarkets & hypermarkets, convenience stores, and bakeries.

The commercial refrigeration equipment market research report is one of a series of new reports that provides commercial refrigeration equipment market statistics, including commercial refrigeration equipment industry global market size, regional shares, competitors with a commercial refrigeration equipment market share, detailed commercial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the commercial refrigeration equipment industry. This commercial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The countries covered in the commercial refrigeration equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Commercial refrigeration equipment market consists of sales of plug-in enclosed vending machines, deli cases, drop in coolers and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Commercial Refrigeration Equipment Market Characteristics3. Commercial Refrigeration Equipment Market Trends and Strategies
4. Commercial Refrigeration Equipment Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Commercial Refrigeration Equipment Market Size and Growth
5.1. Global Commercial Refrigeration Equipment Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Commercial Refrigeration Equipment Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Commercial Refrigeration Equipment Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Commercial Refrigeration Equipment Market Segmentation
6.1. Global Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Refrigerator & Freezer
  • Transportation Refrigeration
  • Refrigerated Display Cases
  • Beverage Refrigeration
  • Ice Cream Merchandiser
  • Refrigerated Vending Machine
6.2. Global Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Fluorocarbons
  • Hydrocarbons
  • Inorganics
6.3. Global Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Hotels & Restaurants
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Bakery
7. Commercial Refrigeration Equipment Market Regional and Country Analysis
7.1. Global Commercial Refrigeration Equipment Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Commercial Refrigeration Equipment Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Commercial Refrigeration Equipment Market
8.1. Asia-Pacific Commercial Refrigeration Equipment Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Commercial Refrigeration Equipment Market
9.1. China Commercial Refrigeration Equipment Market Overview
9.2. China Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Commercial Refrigeration Equipment Market
10.1. India Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Commercial Refrigeration Equipment Market
11.1. Japan Commercial Refrigeration Equipment Market Overview
11.2. Japan Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Commercial Refrigeration Equipment Market
12.1. Australia Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Commercial Refrigeration Equipment Market
13.1. Indonesia Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Commercial Refrigeration Equipment Market
14.1. South Korea Commercial Refrigeration Equipment Market Overview
14.2. South Korea Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Commercial Refrigeration Equipment Market
15.1. Western Europe Commercial Refrigeration Equipment Market Overview
15.2. Western Europe Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Commercial Refrigeration Equipment Market
16.1. UK Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Commercial Refrigeration Equipment Market
17.1. Germany Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Commercial Refrigeration Equipment Market
18.1. France Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Commercial Refrigeration Equipment Market
19.1. Italy Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Commercial Refrigeration Equipment Market
20.1. Spain Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Commercial Refrigeration Equipment Market
21.1. Eastern Europe Commercial Refrigeration Equipment Market Overview
21.2. Eastern Europe Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Commercial Refrigeration Equipment Market
22.1. Russia Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Commercial Refrigeration Equipment Market
23.1. North America Commercial Refrigeration Equipment Market Overview
23.2. North America Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Commercial Refrigeration Equipment Market
24.1. USA Commercial Refrigeration Equipment Market Overview
24.2. USA Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Commercial Refrigeration Equipment Market
25.1. Canada Commercial Refrigeration Equipment Market Overview
25.2. Canada Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Commercial Refrigeration Equipment Market
26.1. South America Commercial Refrigeration Equipment Market Overview
26.2. South America Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Commercial Refrigeration Equipment Market
27.1. Brazil Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Commercial Refrigeration Equipment Market
28.1. Middle East Commercial Refrigeration Equipment Market Overview
28.2. Middle East Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Commercial Refrigeration Equipment Market
29.1. Africa Commercial Refrigeration Equipment Market Overview
29.2. Africa Commercial Refrigeration Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Commercial Refrigeration Equipment Market, Segmentation by Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Commercial Refrigeration Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Commercial Refrigeration Equipment Market Competitive Landscape and Company Profiles
30.1. Commercial Refrigeration Equipment Market Competitive Landscape
30.2. Commercial Refrigeration Equipment Market Company Profiles
30.2.1. United Technologies Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Haier Group Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Daikin Industries Ltd.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Johnson Controls International plc
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Carrier Commercial Refrigeration Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Commercial Refrigeration Equipment Market Other Major and Innovative Companies
31.1. Danfoss A/S
31.2. Whirlpool Corporation
31.3. Illinois Tool Works Inc.
31.4. Liebherr Group
31.5. Emerson Electric Co.
31.6. AB Electrolux
31.7. Dover Corporation
31.8. Blue Star Limited
31.9. Ingersoll Rand Inc.
31.10. GEA Group AG
31.11. Lennox International Inc.
31.12. Manitowoc Company Inc.
31.13. Hussmann Corporation
31.14. Traulsen & Company LLC
31.15. Ali Group S.r.l.
32. Global Commercial Refrigeration Equipment Market Competitive Benchmarking33. Global Commercial Refrigeration Equipment Market Competitive Dashboard34. Key Mergers and Acquisitions in the Commercial Refrigeration Equipment Market
35. Commercial Refrigeration Equipment Market Future Outlook and Potential Analysis
35.1 Commercial Refrigeration Equipment Market in 2028 - Countries Offering Most New Opportunities
35.2 Commercial Refrigeration Equipment Market in 2028 - Segments Offering Most New Opportunities
35.3 Commercial Refrigeration Equipment Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Commercial Refrigeration Equipment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on commercial refrigeration equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for commercial refrigeration equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Product Type: Refrigerator & Freezer; Transportation Refrigeration; Refrigerated Display Cases; Beverage Refrigeration; Ice Cream Merchandiser; Refrigerated Vending Machine
2) By Refrigerant Type: Fluorocarbons; Hydrocarbons; Inorganics
3) By Application: Hotels & Restaurants; Supermarkets & Hypermarkets; Convenience Stores; Bakery

Key Companies Mentioned: United Technologies Corporation; Haier Group Corporation; Daikin Industries Ltd.; Johnson Controls International plc; Carrier Commercial Refrigeration Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • United Technologies Corporation
  • Haier Group Corporation
  • Daikin Industries Ltd.
  • Johnson Controls International plc
  • Carrier Commercial Refrigeration Inc.
  • Danfoss A/S
  • Whirlpool Corporation
  • Illinois Tool Works Inc.
  • Liebherr Group
  • Emerson Electric Co.
  • AB Electrolux
  • Dover Corporation
  • Blue Star Limited
  • Ingersoll Rand Inc.
  • GEA Group AG
  • Lennox International Inc.
  • Manitowoc Company Inc.
  • Hussmann Corporation
  • Traulsen & Company LLC
  • Ali Group S.r.l.
  • Beverage-Air Corporation
  • True Manufacturing Co. Inc.
  • Metalfrio Solutions S.A.
  • Frigoglass SAIC
  • AHT Cooling Systems GmbH
  • Scotsman Industries Inc.
  • Williams Refrigeration
  • Master-Bilt Products
  • Foster Refrigerator
  • Hoshizaki Corporation
  • Gram Commercial A/S
  • Skope Industries Limited
  • Precision Refrigeration Ltd.
  • Arneg S.p.A.

Methodology

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Table Information