The Commercial Refrigeration Equipment Market is expected to be around US$ 57.50 Billion by 2027 at a CAGR of 6.57%. Increasing demand for frozen food, bakery products, and packaged food products is driving the demand for commercial refrigeration equipment. Moreover, to decrease carbon footprints, the manufacturers are focusing on developing commercial refrigeration equipment that consumes less or limited amount of energy. The U.S. Department of Energy and Environmental Protection Agency have also introduced new regulations and standards for commercial refrigeration with the focus on energy efficiency and minimizing its impact on the environment. Hence, in order to comply with the new regulations, companies are investing in the development of new refrigeration system with advanced technology.
Refrigeration is the process of removing excess heat from a source or a material to the surrounding environment to maintain the temperature lower than its surrounding. Commercial refrigeration equipment is used for preserving food such as vegetables, fruits, meat, and other similar products by maintaining a temperature of 30C to -40C and increasing the shelf life of the product. Relatively larger share of the market for refrigerators is expected to be accounted soon due to replacement of existing equipment through energy efficient and sustainable technology equipment. In addition, some refrigeration equipment is specially designed to rapidly reduce the temperature of hot food from around 90C to as low as 30C, in a short time period to eliminate the threat of bacterial proliferation
Global Commercial Refrigeration Equipment Market is segmented based on the Refrigerant Type as Fluorocarbons, Hydrocarbons,Inorganics. Based on Product Type it covers Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine. The report segments global Commercial Refrigeration Equipment Market based on Application as Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery. Global Commercial Refrigeration Equipment Market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Commercial Refrigeration Equipment Markets further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Competitive Rivalry
Global Commercial Refrigeration Equipment Market share consists of several player raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the commercial refrigeration equipment market include Baltimore Aircoil Company, Inc. (US), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (US), GEA Group AG (Germany), Emerson Climate Technologies (US), GEA Group, Heatcraft Worldwide Refrigeration, Daikin, Johnson Controls, Bitzer, Advansor, Baltimore Aircoil Company, Hillphoenix, Carnot Refrigeration, SCM Frigo, Green & Cool.
The Commercial Refrigeration Equipment Market has been segmented as below:
Commercial Refrigeration Equipment Market, By Refrigerant Type
Commercial Refrigeration Equipment Mark, By Product Type
Commercial Refrigeration Equipment Market, By Application
Commercial Refrigeration Equipment Market, By Region
The report covers:
Report scope:
The global Commercial Refrigeration Equipment Market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends.
The report scope includes market analysis on regional as well as country level. The report also provides competitive landscape covering company market shares with detailed profiling for major revenue contributing companies.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the commercial refrigeration equipment market include Baltimore Aircoil Company, Inc. (US), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (US), GEA Group, Heatcraft Worldwide Refrigeration, Daikin, Johnson Controls, Bitzer, Advansor, Baltimore Aircoil Company, Hillphoenix, Carnot Refrigeration, SCM Frigo, Green & Cool.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.2.1. Improving Consumer Lifestyle and Flourishing Food and Healthcare Industries
4.2.2. Growing Cold Chain Market
4.2.3. Increasing Use of Advanced Technologies Such as Magnetic Refrigeration
4.3. Restraints
4.3.1. Stringent Regulations Against the Use of Fluorocarbon Refrigerants
4.4. Opportunities
4.4.1. Potential Demand for Carbon Dioxide/Ammonia (CO2/Nh3) Cascade Refrigeration Systems
4.4.2. Improvements in the Efficiency of Refrigeration Systems with the Use of Natural Refrigerants
4.5. Challenges
4.5.1. Few Purification Companies
5. Commercial Refrigeration Equipment Market, By Refrigerant Type
5.1. Key Points
5.2. Fluorocarbons
5.3. Hydrocarbons
5.4. Inorganics
6. Commercial Refrigeration Equipment Market, By Product Type
6.1. Key Points
6.2. Refrigerator & Freezer
6.3. Transportation Refrigeration
6.4. Refrigerated Display Cases
6.5. Beverage Refrigeration
6.6. Ice Cream Merchandiser
6.7. Refrigerated Vending Machine
7. Commercial Refrigeration Equipment Market, By Application:
7.1. Key Points
7.2. Hotels & Restaurants
7.3. Supermarkets & Hypermarkets
7.4. Convenience Stores
7.5. Bakery
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profile
9.1. Baltimore Air Coil Company, Inc.
9.1.1. Company Overview
9.1.2. Product/Service Landscape
9.1.3. Financial Overview
9.1.4. Recent Developments
9.2. Daikin Industries Ltd.
9.2.1. Company Overview
9.2.2. Product/Service Landscape
9.2.3. Financial Overview
9.2.4. Recent Developments
9.3. GEA Group
9.3.1. Company Overview
9.3.2. Product/Service Landscape
9.3.3. Financial Overview
9.3.4. Recent Developments
9.4. Emerson Climate Technologies
9.4.1. Company Overview
9.4.2. Product/Service Landscape
9.4.3. Financial Overview
9.4.4. Recent Developments
9.5. Daikin Industries, Ltd
9.5.1. Company Overview
9.5.2. Product/Service Landscape
9.5.3. Financial Overview
9.5.4. Recent Developments
9.6. Shortage Technologies, LLC.
9.6.1. Company Overview
9.6.2. Product/Service Landscape
9.6.3. Financial Overview
9.6.4. Recent Developments
9.7. Carrier Corporation
9.7.1. Company Overview
9.7.2. Product/Service Landscape
9.7.3. Financial Overview
9.7.4. Recent Developments
9.8. Johnson Controls
9.8.1. Company Overview
9.8.2. Product/Service Landscape
9.8.3. Financial Overview
9.8.4. Recent Developments
9.9. Bitzer
9.9.1. Company Overview
9.9.2. Product/Service Landscape
9.9.3. Financial Overview
9.9.4. Recent Developments
9.10. Advansor
9.10.1. Company Overview
9.10.2. Product/Service Landscape
9.10.3. Financial Overview
9.10.4. Recent Developments
9.11. Baltimore Aircoil Company
9.11.1. Company Overview
9.11.2. Product/Service Landscape
9.11.3. Financial Overview
9.11.4. Recent Developments
9.12. Green & Cool
9.12.1. Company Overview
9.12.2. Product/Service Landscape
9.12.3. Financial Overview
9.12.4. Recent Developments
9.13. SCM Frigo
9.13.1. Company Overview
9.13.2. Product/Service Landscape
9.13.3. Financial Overview
9.13.4. Recent Developments
9.14. Carnot Refrigeration
9.14.1. Company Overview
9.14.2. Product/Service Landscape
9.14.3. Financial Overview
9.14.4. Recent Developments
9.15. Hillphonenix
9.15.1. Company Overview
9.15.2. Product/Service Landscape
9.15.3. Financial Overview
9.15.4. Recent Developments
The Commercial Refrigeration Equipment Market has been segmented as below:
Commercial Refrigeration Equipment Market, By Refrigerant Type
Commercial Refrigeration Equipment Mark, By Product Type
Commercial Refrigeration Equipment Market, By Application
Commercial Refrigeration Equipment Market, By Region
