Global Commercial Refrigeration Equipment Market was valued at USD xx million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of xx% over forecast period.
Global Commercial Refrigeration Equipment Market
Global Commercial Refrigeration Equipment Market Drivers and Restrains
The global commercial refrigeration market is primarily driven by the significant increase in the number of supermarkets, hypermarket, and organized retail chains that have opened around the globe. Commercial refrigeration is expected to witness significant growth on account of increasing consumption of frozen and processed foods. Increasing demand for frozen food, bakery products, and packaged food products is driving the demand for commercial refrigeration equipment. Moreover, in an effort to decrease carbon footprints, the manufacturers are focusing on developing commercial refrigeration equipment that consumes less or limited amount of energy.
However, need for frequent maintenance and potential technical issues arising due to lack of proper maintenance act as a major restraint for the market.
Global Commercial Refrigeration Equipment Market Segmentation Analysis
By Product Type, Global Commercial Refrigeration Equipment Market is segmented into Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, and Refrigerated Vending Machine. By Refrigerant Type market is segmented into Fluorocarbons, Hydrocarbons, and Inorganics. Fluorocarbons segment is expected to exhibit highest market share at a CAGR of xx% over forecast period. By Application Global Commercial Refrigeration Equipment Market into Hotels & Restaurants, Supermarkets, Hypermarkets, Convenience stores, and others. “Others” category includes hospitals, educational institutions, large pharmaceutical stores, and medical and life sciences. Of these, supermarkets category is expected to continue to hold the largest market share during the forecast period. Supermarkets are energy-intensive type of commercial buildings and witness increasing concern regarding the impact of refrigerant leakage on the environment. Hence, to maintain energy efficiency, adoption of innovative and energy-saving equipment has been observed. This results in a growing demand for commercial refrigeration equipment in supermarkets, globally.
Global Commercial Refrigeration Equipment Market Regional Analysis
By Geography Global Refrigeration Equipment Market is segmented into Europe, APAC, North America, MEA& Africa and Latin America. The Asia Pacific is expected to be the largest market of commercial refrigeration equipment at a CAGR of xx% during the forecast period. The increasing population in the APAC, improving economic conditions, growing disposable incomes, and a booming consumer appliances sector have led to growth in the commercial refrigeration equipment in the APAC. North America is also expected to exhibit significant market share over forecast period. Increase in the purchasing power parity and thriving food & retail sectors is the main factor behind the growth of the North America commercial refrigeration equipment market.
Global Commercial Refrigeration Equipment Market Competitive Landscape
Key players operating in the commercial refrigeration equipment market include Carrier Corporation (US), Emerson Electric Company (US), Daikin Industries, Ltd. (Japan), and GEA Group AG (Germany). Hussmann Corporation, AB Electrolux, Frigoglass S.A.I.C., AHT Cooling Systems GmbH, Ali Group, and Illinois Tool Works Inc.
These players are adopting various organic and inorganic growth strategies to enhance their regional presence, revenues and business operations.
The objective of the report is to present a complete calculation of the Global Commercial Refrigeration Equipment Market and contains thoughtful insights, historical data, facts, industry-validated market data and plans with a suitable set of assumptions and methodology.
The report also helps in the Global Commercial Refrigeration Equipment Market is a dynamic structure by identifying and analysing the market segments and project the global market size. The additional, report also focuses on the competitive analysis of key player’s by-product, financial position, price, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Commercial Refrigeration Equipment Market.
Scope of Report
Global Commercial Refrigeration Equipment Market Segmentation by Product Type
• Refrigerator & Freezer
• Transportation Refrigeration
• Refrigerated Display Cases
• Beverage Refrigeration
• Ice Cream Merchandiser
• Refrigerated Vending Machine
Global Commercial Refrigeration Equipment Market Segmentation by Refrigerant Type
Global Commercial Refrigeration Equipment Market Segmentation by Application
• Hotels & Restaurants
• Supermarkets & Hypermarkets
• Convenience Stores
Global Commercial Refrigeration Equipment Market Segmentation by Region
• Asia Pacific
• North America
• Latin America
• Middle East & Africa
Global Commercial Refrigeration Equipment Market Major Players
• Carrier Corporation (US)
• Emerson Electric Company (US)
• Daikin Industries, Ltd. (Japan)
• GEA Group AG (Germany)
• Hussmann Corporation
• AB Electrolux
• Frigoglass S.A.I.C.
• AHT Cooling Systems GmbH
• Ali Group
• Illinois Tool Works Inc.
• United Technologies Corporation
• Dover Corporation
• Hussmann Corporation
• Whirlpool Corporation
• AB Electrolux
• This Report Is Submitted By @ Maximize Market Research Company
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