Commercial Refrigeration Equipment Market Size Report

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Commercial Refrigeration Equipment Market Share, Size,
Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa
Research
" The global commercial refrigeration equipment
market value is expected to exceed USD 40.87 billion
by 2024 growing at an estimated CAGR of over 5.6%
from 2016 to 2024. "
Global Commercial Refrigeration Equipment Market is projected to grow at a CAGR of 5.6% over the forecast
period (2016 to 2024). By 2024, market revenues would exceed USD 40 billion. This may be attributed to
changing food consumption patterns triggered by rapid industrialization and technological advancements.
Escalating intake of frozen foods spurs demand for refrigeration of food on a commercial scale. Innovative
technology makes possible remote monitoring of products to check refrigerant leak, high liquid levels,
abnormal system pressures, etc. Increase in specialty food outlets, hypermarkets, and supe rmarkets also
contribute to a favorable market outlook. These places are equipped with advanced products like multi -deck
display cabinets and open front cases, having LEDs and proximity sensors.
The market is segmented into products, applications, and regions. Products consist of beverage refrigeration,
refrigerators & freezers, transportation refrigeration equipment, parts, and others. Beverage refrigeration
could rise due to a boom in restaurants across the globe. Transportation held about 20% of the mark et in 2015.
Zero-emission technologies and efficient fuel consumption are some of the trends that should propel this
segment’s growth till 2024.
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Applications are split into food service, food & beverage retail, food & beverage production, food & beverage
distribution, and others. Food service segment includes food-serving facilities such as restaurants, schools,
supermarkets, and convenience stores. It is estimated to increase owing to robust demand of cold-storage and
cascade refrigeration system in the food & beverage industry in the coming years.
North America, Europe, Asia Pacific, South America, and MEA (the Middle East & Africa) constitute the regio nal
markets. North America is expected to witness substantial growth on account of higher disposable incomes and
proliferation of food outlets and retail restaurants. Europe would benefit from economic revival and an
expanding retail sector.
Asia Pacific is likely to grow at a CAGR of 6.6% during the forecast period. Main market drivers are changing
food habits, high processed food exports, rise in horticulture, and rising purchasing power of the populace.
The global commercial refrigeration equipment market is highly competitive. Key players encompass Dover
Corporation, Carrier Corporation, Illinois Tool Works, Electrolux, and Johnson Controls. They focus on strategic
alliances (mergers, acquisitions, partnerships) and research & development of novel produc ts to stay
competitive. Market entry barriers include high capital investment, stringent regulatory environment, and
increasing research & development costs.
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Table of Content of Commercial refrigeration equipment Market
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Commercial refrigeration equipment industry 3600 synopsis, 2016 – 2024
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Regional trends
Chapter 3 Commercial Refrigeration Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry size, forecast and growth expectations, 2016 - 2024
3.3 Industry ecosystem analysis
3.4 Commercial refrigeration equipment industry dynamics
3.4.1 Growth drivers
3.4.1.1 Product development initiatives
3.4.1.2 Changing food preferences among consumers
3.4.2 Industry pitfalls & challenges
3.4.2.1 Volatile fuel costs
3.5 Key growth opportunities
3.6 Porter’s analysis
3.7 Competitor landscape, 2016
3.8 PESTEL analysis
Chapter 4 Commercial Refrigeration Equipment Application Insights
4.1 Commercial refrigeration equipment market share by application, 2016 & 2024
4.2 Food service
4.2.1 Market estimates and forecast, 2016 - 2024
4.2.2 Market estimates and forecast by region, 2016 - 2024
4.3 Food & beverage production
4.3.1 Market estimates and forecast, 2016 - 2024
4.3.2 Market estimates and forecast by region, 2016 - 2024
4.4 Food & beverage distribution
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4.4.1 Market estimates and forecast, 2016 - 2024
4.4.2 Market estimates and forecast by region, 2016 - 2024
4.5 Food & beverage retail
4.5.1 Market estimates and forecast, 2016 - 2024
4.5.2 Market estimates and forecast by region, 2016 - 2024
4.6 Others
4.6.1 Market estimates and forecast, 2016 - 2024
4.6.2 Market estimates and forecast by region, 2016 - 2024
Chapter 5 Commercial Refrigeration Equipment Product Insights
5.1 Commercial refrigeration equipment market share by product, 2016 & 2024
5.2 Transportation refrigeration equipment
5.2.1 Market estimates and forecast, 2016 - 2024
5.2.2 Market estimates and forecast by region, 2016 - 2024
5.3 Refrigerators & freezers
5.3.1 Market estimates and forecast, 2016 - 2024
5.3.2 Market estimates and forecast by region, 2016 - 2024
5.4 Beverage refrigeration
5.4.1 Market estimates and forecast, 2016 - 2024
5.4.2 Market estimates and forecast by region, 2016 - 2024
5.5 Parts
5.5.1 Market estimates and forecast, 2016 - 2024
5.5.2 Market estimates and forecast by region, 2016 - 2024
5.6 Others
5.6.1 Market estimates and forecast, 2016 - 2024
5.6.2 Market estimates and forecast by region, 2016 - 2024
Chapter 6 Commercial Refrigeration Equipment Regional Insights
6.1 Commercial refrigeration equipment market share by region, 2016 & 2024
6.2 North America
6.2.1 Market estimates and forecast by product, 2016 - 2024
6.2.2 Market estimates and forecast by application, 2016 - 2024
6.2.3 U.S.
6.2.3.1 Market estimates and forecast by product, 2016 - 2024
6.2.3.2 Market estimates and forecast by application, 2016 - 2024
6.3 Europe
6.3.1 Market estimates and forecast by product, 2016 - 2024
6.3.2 Market estimates and forecast by application, 2016 - 2024
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6.3.3 Germany
6.3.3.1 Market estimates and forecast by product, 2016 - 2024
6.3.3.2 Market estimates and forecast by application, 2016 - 2024
6.3.4 France
6.3.4.1 Market estimates and forecast by product, 2016 - 2024
6.3.4.2 Market estimates and forecast by application, 2016 - 2024
6.3.5 UK
6.3.5.1 Market estimates and forecast by product, 2016 - 2024
6.3.5.2 Market estimates and forecast by application, 2016 - 2024
6.3.6 Italy
6.3.6.1 Market estimates and forecast by product, 2016 - 2024
6.3.6.2 Market estimates and forecast by application, 2016 - 2024
6.4 Asia Pacific
6.4.1 Market estimates and forecast by product, 2016 - 2024
6.4.2 Market estimates and forecast by application, 2016 - 2024
6.5 South America
6.5.1 Market estimates and forecast by product, 2016 - 2024
6.5.2 Market estimates and forecast by application, 2016 - 2024
6.6 Middle East and Africa (MEA)
6.6.1 Market estimates and forecast by product, 2016 - 2024
6.6.2 Market estimates and forecast by application, 2016 - 2024
Chapter 7 Competitor Profiles
7.1 Ali S.p.A
7.2 Carrier Corporation
7.3 Daikin
7.4 Dover Corporation
7.5 Electrolux
7.7 Hussmann
7.7 Illinois Tool Works
7.8 Ingersoll-Rand
7.9 Johnson Controls
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Commercial refrigeration equipment market value is expected to exceed USD 40.87 billion by 2024

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