The global commercial refrigeration equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commercial refrigeration equipment market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Definition:
Commercial refrigerators are used so that the products stored inside them are easily visible for the consumer or the user of these refrigerators. They usually have one or two compartments, one of which includes a freezing compartment that is used to display items that need to be stored on or below 0°C. The other is a refrigerated compartment whose temperature varies. These refrigerators are designed to use vapour-compression systems.
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Terget Audience:
- Supermarkets
- Hotels/restaurants & catering
- Hypermarkets
- Convenience stores
- E-commerce
- Others
Key Market Competitors:
- UNITED TECHNOLOGIES,
- Standex International Corporation,
- Lennox International,
- DAIKIN INDUSTRIES Ltd.,
Few of the major market competitors currently working in the commercial refrigeration equipment market are Illinois Tool Works Inc., AHT Cooling Syste ms, Whirlpool Corporation, Manitowoc Foodservice, Panasonic Corporation, Haier Inc., FUJIMAK CORPORATION, Dover Corporation, Ingersoll-Rand plc, Johnson Controls, Ali Group S.r.l. a Socio Unico, Imbera FoodService, Master-Bilt Products, Middleby Corporation, Nor-Lake Inc., Tecumseh Products Company LLC, and Voltas Ltd.
Market Restraints:
- High cost and power consumption of these equipment is set to restrain the market growth
- Regulations by the authorities regarding energy consumption and chemicals is also one of the major restraint for the market
Market Drivers:
- Increased innovation and adoption of regulated equipment in the industry will drive the market growth
- Increase in number of commercial outlets, like restaurants, fast-food outlets, and supermarkets will drive the market growth
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Global Commercial Refrigeration Equipment Market Segmentation:
- By Equipment Type
-
- Walk-in coolers
- Packaged unit
- Remote condensing unit
- Remote plant
- Transportation refrigeration equipment
- Road
- Rail
- Marine
- Air
- Display cases
- Plug-in cases
- Remote cases
- Beverage refrigeration
- Beverage cooling & dispensing units
- Drinking fountains
- Beer dispensing units
- Soda fountain equipment
- Others
- Parts
- Ice making machineries
- Ice cube machineries
- Ice flake machineries
- Ice nugget machineries
- Other
- Work top
- Under-counter refrigeration
- Prep tables
- Walk-in coolers
- By Application
-
- Food service
- Food and beverage distribution
- Food and beverage retail
- Other
- By Geography
-
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
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