Commercial refrigeration refers to utilization of cooling units that specifically include convenience stores, hypermarkets, supermarkets, distribution warehouses, production centers, and the service industry. These employ an extensive range of equipment, including vending machines, ice machines, beverage conservation units, trailers, refrigerated display cases, trucks, containers and walk-in/reach-in refrigerators. Growing demand for food & beverages, accompanied with increasing customer inclination towards ready-to-make edible products owing to changing lifestyle are expected to fuel growth of the commercial refrigeration equipment market through the forecast period.
Market Dynamics
Proliferating businesses of frozen food and chilled products and substantial advancements in refrigeration systems are creating a conducive environment for growth of the global commercial refrigeration equipment market. Increasing number of women in the workforce, specifically in the Asia Pacific region, is expected to fuel demand for ready-to-eat food, primarily owing to the lack of the time spent on household activities. However, long product lifecycles and intense competition among manufacturers has led to significant decrease in the overall profit margins of industry participants.
Market Taxonomy
This report segments the global commercial refrigeration equipment market on the basis of product type, application, and region. On the basis of product type, the commercial refrigeration equipment market is segmented into transportation (shipping container, trailer, truck), refrigerator & freezer (walk-in, reach in, chest), beverage refrigeration (drinking fountain, soda fountain, beverage dispensing, beer dispensing), refrigerated display cases (wine cases, other beverage cases), ice machines, and refrigerated wending machines. On the basis of application, the market is segmented into food & beverage production, food & beverage retail, food & beverage distribution, and food service. For comprehensive understanding of market dynamics, the global commercial refrigeration equipment market is analyzed across key geographical regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Key features of the study:
- This report provides in-depth analysis of the commercial refrigeration equipment market with respect to its product type, applications, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period (2022 - 2028), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global commercial refrigeration equipment market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include 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
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to future product launches, end-use industry upgrades, market expansion, and marketing tactics
- The global commercial refrigeration equipment market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for commercial refrigeration equipment market, research and consulting firms, new entrants, and financial analysts
- Various strategy matrices used in analyzing the commercial refrigeration equipment market would provide stakeholders vital inputs to make strategic decisions accordingly
Detailed Segmentation:
- Global Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine 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
- U.S.
- U.S. Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- U.S. Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Canada
- Canada Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Canada Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Europe
- U.K.
- U.K. Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- U.K. Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Germany
- Germany Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Germany Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Italy
- Italy Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Italy Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- France
- France Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- France Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Spain
- Spain Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Spain Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Russia
- Russia Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Russia Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Rest of Europe
- Rest of Europe Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Rest of Europe Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Asia Pacific
- China
- China Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- China Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- India
- India Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- India Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Japan
- Japan Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Japan Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- ASEAN
- ASEAN Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- ASEAN Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Australia
- Australia Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Australia Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- South Korea
- South Korea Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- South Korea Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Rest of Asia Pacific
- Rest of Asia Pacific Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Rest of Asia Pacific Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Latin America
- Brazil
- Brazil Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Brazil Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Argentina
- Argentina Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Argentina Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Mexico
- Mexico Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Mexico Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Rest of Latin America
- Rest of Latin America Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Rest of Latin America Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Middle East
- GCC
- GCC Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- GCC Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Israel
- Israel Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Israel Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Rest of Middle East
- Rest of Middle East Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Rest of Middle East Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Africa
- North Africa
- North Africa Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- North Africa Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Central Africa
- Central Africa Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- Central Africa Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- South Africa
- South Africa Commercial Refrigeration Equipment Market, By Product Type:
- Transportation Refrigeration
- Shipping Container
- Trailer
- Truck
- Refrigerator and Freezer
- Walk In
- Reach In
- Chest
- Beverage Refrigeration
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Refrigerated Display Cases
- Other Beverage Cases
- Wine Cases
- Ice Machine
- Refrigerated Vending Machine
- South Africa Commercial Refrigeration Equipment Market, By Application:
- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Company Profiles
- United Technologies Corporation*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- 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
- Whirlpool Corporation
- Section
- References
- Research Methodology
- About Us and Sales Contact