Global Commercial Refrigeration Equipment Market Size is estimated to expand rapidly in coming years, at a CAGR of 4.9 % from 2018 to 2025. In 2017, the global market valuation was USD 28.35 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Commercial refrigeration equipment is generally considered one of the most important appliances in the modern professional kitchen. Chances are that if consumers handle fresh food on a regular basis, commercial refrigeration equipment will be intended to reduce disposal and adhere to food hygiene legislation. Increasing demand for packaged food and drinks along with the aggressive expansion of the hospitality industry has resulted in significant market growth. Growing global food trade is creating a market for ready meals, seafood, and processed meat filtration. The market growth of commercial refrigeration equipment is certified to increasing capital investments in the food industry, in terms of production and distribution. Moreover, the increasing number of food markets and supermarkets across the globe are expected to dominate the global market in the forecast period. Geographically, North America region has accounted for the largest market in the commercial refrigeration equipment market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global commercial refrigeration equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global commercial refrigeration equipment market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Product Type Insights: On the basis of product, global commercial refrigeration equipment market has been segmented into transportation refrigeration equipment, refrigerators & freezers, beverage refrigeration, display showcases, ice merchandisers & ice vending equipment, and others. Among which refrigerators and freezers segment has accounted for the largest share in the global market of the commercial refrigeration equipment market. Increasing product requirements throughout multiple industries, such as hospitality, food service, and healthcare, is anticipated to boost future segment development. Commercial refrigerated systems are experiencing tremendous growth due, amongst others, to increased priorities for processed and frozen foods and chilled beverages. Commercial fridges and refrigerators can be used throughout various food delivery environments, including supermarkets, grocery stores, and cafes.

By Retail Insights: On the basis of retail, global commercial refrigeration equipment market has been segmented into hypermarket, supermarket, convenience store, specialty store, and others. Convenience stores also restricted floor area contrasted to grocery stores and therefore involve minor reach-in mechanisms and soft drink refrigerators. Over the years, the supermarket segment has risen considerably, benefiting from enhancing markets across important areas.

Regional Analysis

The commercial refrigeration equipment market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in the upcoming time span. North America is considered a key player in the retail industry and is nourished with well-established distributors. On the other side, these facilities are used to store drinks and food products in cafes, bars and food stores on a big scale.

Asia Pacific region is expected to witness high growth in the market in the forecast period. India and China, in specific, provide market participants with potential growth possibilities. Moreover, presence of key players in the emerging countries such as China, India, and Japan are expected to dominate the global market in the forecast period. Europe is anticipated to dominate the global commercial refrigeration equipment market over the projected period. In addition, key players from the region are adopting the launch of fresh brands and the execution of policies, such as target marketing, to achieve a competitive edge over others which will boost the market growth in terms of revenue.

Global Commercial Refrigeration Equipment Market Size, Share Analysis by Region 2017

Global Commercial Refrigeration Equipment Market Study Objective

1. To forecast the market size of commercial refrigeration equipment market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of commercial refrigeration equipment market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of the commercial refrigeration equipment market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of commercial refrigeration equipment market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the commercial refrigeration equipment market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Dover Corp., Daikin Industries Ltd., Carrier Commercial Refrigeration Inc., Johnson Control Inc., and Haier Group Corp are some of the key players in the market of commercial refrigeration equipment.

Global Commercial Refrigeration Equipment Market Study Report Offer You!

The global commercial refrigeration equipment market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.