Commercial Refrigeration Equipment Market

Commercial Refrigeration Equipment Market, By Product Type (Transportation Refrigeration, Refrigerator and Freezer, Beverage Refrigeration, Refrigerated Display Cases, Ice Machines and Refrigerated Vending Machines), By Application (Food and Beverage Production, Food and Beverage Retail, Food and Beverage Distribution, Food Service), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030


Commercial refrigeration equipment is an integral part of several retail industries. Commercial refrigeration equipment consists of several components, including compressors, evaporators, condensers, and refrigerants, which work in a sequential manner to provide refrigeration for a certain product. Compressors help in compressing and circulating the coolant/refrigerant, while evaporators absorb the thermal energy and condensers helps to release the heat. The refrigerant absorbs the heat from the one space and transfers it to the releases it through the condenser. Understanding the basics of commercial refrigeration equipment and its functioning is crucial for individuals and industries who rely on proper refrigeration for their products.

Market Dynamics

It is also estimated that the overall market requirements would lean towards natural refrigerant based systems due to sustainability and energy saving concerns. The stringent regulations against ozone depleting substances such as HCFC (HydroChloroFluoro Carbons) has also increased the possibilities for natural refrigerant substances. Also, the increase in urbanization in certain regions such as the Asia Pacific, is leading to an increase in hypermarkets and supermarkets, which are further increasing the need for commercial refrigeration solutions.

Key Features of the Study
  • This report provides an in-depth analysis of the Global Commercial Refrigerant Equipment Market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players.
  • It profiles leading players in the Global Commercial Refrigerant Equipments Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans.
  • Companies covered as a part of this study are United Technologies Corporation, Ingersoll-Rand plc, Johnson Controls Incorporated, Daikin Industries Limited, Dover Corporation, Hussmann Corporation, AHT Cooling Systems GmbH, Ali SpA, Illinois Tool Works Incorporated, Emerson Electric Company, Leer Incorporated, True Manufacturing Company Incorporated, and Whirlpool Corporation, among others.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics.
  • Global Commercial Refrigerant Equipment Market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Commercial Refrigerant Equipment Market.
Detailed Segmentation
  • Global Commercial Refrigeration Equipment Market, By Product Type:
  • Shipping Container
  • Trailer
  • Truck
  • Walk In
  • Reach In
  • Chest
  • Drinking Fountain
  • Soda Fountain
  • Beverage Dispensing
  • Beer Dispensing
  • Other Beverage Cases
  • Wine Cases
  • Transportation Refrigeration
  • Refrigerator and Freezer
  • Beverage Refrigeration
  • Refrigerated Display Cases
  • Ice Machine
  • Refrigerated Vending Machine
  • Global Commercial Refrigeration Equipment Market, By Application:
  • Food and Beverage Production
  • Food and Beverage Retail
  • Food and Beverage Distribution
  • Food Service
  • Global Commercial Refrigeration Equipment Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  • Company Profiles
  • United Technologies Co.
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments/ Updates
  • Ingersoll-Rand plc
  • Johnson Controls Incorporated
  • Daikin Industries Limited
  • Dover Corporation
  • Hussmann Corporation
  • AHT Cooling Systems GmbH
  • Ali SpA
  • Illinois Tool Works Incorporated
  • Emerson Electric Company
  • Leer Incorporated
  • True Manufacturing
  • Whirlpool Corporation
  • Others


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Growing Food Production:
Technological Advancements
Rise in Refrigerant Equipment Establishments
Significant Investments in Research and Development
Restraints
Temperature Regulation issues
Voltage Fluctuations and Wiring issues
Market Opportunities
Rise in FMCG Storage Needs
Eco-Friendly Refrigerants Development
Rise in On-The-Go Refrigeration
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Commercial Refrigeration Equipment Market, By Product Type, 2018-2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends Market Share Analysis, 2022 and 2030 (%)
Transportation Refrigeration, Refrigerator and Freezer
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Beverage Refrigeration
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Refrigerated Display Cases
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Ice Machine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Refrigerated Vending Machines
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
5. Global Commercial Refrigeration Equipment Market, By Application, 2018-2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends Market Share Analysis, 2022 and 2030 (%)
Food & Beverage Production
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Food & Beverage Retail
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Food & Beverage Distribution
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Food Service
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Global Commercial Refrigeration Equipment Market, By Region, 2018-2030, (US$ Billion)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2017–2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
South Africa
GCC Countries
Rest of the Middle East & Africa
7. Competitive Landscape
Company Profiles
United Technologies Co.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Ingersoll-Rand plc
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Johnson Controls Incorporated
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Daikin Industries Limited
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Dover Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Hussmann Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
AHT Cooling Systems GmbH
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Ali SpA
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Illinois Tool Works Incorporated
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Emerson Electric Company
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Leer Incorporated
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
True Manufacturing
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Whirlpool Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Others
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Analyst Views
8. Section
References
Research Methodology
About us and Sales Contact
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