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Commercial Refrigeration Equipment Global Market Report 2022

Published: Pre-Order | The Business Research Company | 175 Pages | Delivery time: 2-10 business days

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Commercial Refrigeration Equipment Global Market Report 2022
Published: Pre-Order
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
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  • Table of Contents

“Commercial Refrigeration Equipment Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global commercial refrigeration equipment market as it emerges from the COVID-19 shut down.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Where is the largest and fastest growing market for the commercial refrigeration equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Commercial Refrigeration Equipmen market global report” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider commercial refrigeration equipment market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The commercial refrigeration equipment market section of the report gives context. It compares the commercial refrigeration equipment market with other segments of the commercial refrigeration equipment market by size and growth, historic and forecast.

Scope

Markets Covered:

  • 1) By Product Type: Refrigerator & Freezer; Transportation Refrigeration; Refrigerated Display Cases; Beverage Refrigeration; Ice Cream Merchandiser; Refrigerated Vending Machine
  • 2) By Refrigerant Type: Fluorocarbons; Hydrocarbons; Inorganics
  • 3) By Application: Hotels & Restaurants; Supermarkets & Hypermarkets; Convenience Stores; Bakery
  • Companies Mentioned: Dover Corporation; Daikin Industries Ltd.; Carrier Commercial Refrigeration Inc.; Johnson Control Inc.; Haier Group Corp.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the commercial refrigeration equipment market are: Dover Corporation, Daikin Industries Ltd, Carrier Commercial Refrigeration Inc, Johnson Control Inc, Haier Group Corp, Danfoss, and Emerson Electric Company.

The global commercial refrigeration equipment market is expected to grow from $56.03 billion in 2021 to $59.74 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The market is expected to grow to $79.1 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%.

The commercial refrigeration equipment market consists of sales of commercial refrigeration equipment by entities (organizations, sole traders, and partnerships) that produce commercial refrigeration equipment such as refrigerators and freezers used in supermarkets, convenience stores, restaurants, and commercial kitchens.

The main product types of commercial refrigeration equipment are refrigerator & freezer, transportation refrigeration, refrigerated display cases, beverage refrigeration, ice cream merchandiser, and refrigerated vending machine. Beverage refrigeration refers to a refrigerated storage area intended to cool beverages using a vehicle's air conditioning system or a separate phase-cooling system. The refrigerant types are fluorocarbons, hydrocarbons, and inorganics. The various applications involved are hotels & restaurants, supermarkets & hypermarkets, convenience stores, and bakeries.

The Asia Pacific was the largest region in the commercial refrigeration equipment market in 2021. North America was the second largest region in the commercial refrigeration equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing demand for frozen & chilled products from consumers is anticipated to drive the commercial refrigeration market. Preference for frozen & chilled products have increased due to changing lifestyle, accelerated urbanization, and benefits offered by frozen products such as longer shelf life, convenience, reduced food preparation & clean-up time. As per the study of the American Frozen Food Institute (AFFI) released in May 2020, there is a significant growth in the purchase of frozen products among consumers with 70% of consumers buying more frozen food than usual during the COVID-19 situation. Frozen food sales increased to 80% in the week of March 15 and 94% in the week of March 22 when compared to the same weeks in 2019. Frozen and chilled products are stored in commercial refrigerators in supermarkets, hypermarkets, and refrigerated trucks from where they are bought and transported. This is likely to generate a higher requirement for commercial refrigeration equipment for storing, which propels the growth of the market.

High equipment and installation cost of equipment is expected to hinder the commercial refrigeration equipment market's growth. For instance, the total cost of the walk-in cooler including installation range from $3,000 to $9,000. In addition to this, the average cost of commercial refrigeration equipment repair falls between $100 and $325. This high cost of the equipment, installation, and maintenance are extremely unaffordable to smaller retailers who rent these services or opt for non-commercial variants, which hinders the growth of the commercial refrigeration equipment market.

Companies are concentrating on incorporating the latest technologies such as artificial intelligence, 5G, and machine learning into commercial refrigeration equipment for decreasing electrical consumption, improved preventive maintenance, and better customer experience. For instance, in August 2020, Axiom Cloud and Turn tide Technologies collaborated to stimulate AI in Commercial refrigeration. Axiom will license divisions of its IoT infrastructure to Turn tide to support Turn tide's mission to reduce the 25% of global electricity consumption that is misused by legacy motors. Furthermore, in May 2019, the UTStarcom company launched the goBox together with China Mobile Group Zhejiang Company (Hangzhou), its first 5G-powered smart commercial refrigerator. The smart vending machine, goBox created a new way of shopping with an enhanced buying experience, driving greater consumption per transaction. The device is enabled by a powerful system platform supported by 5G, mobile cloud, and artificial intelligence.

In February 2019, Daikin Industries, Ltd, a Japan-based manufacturer of air conditioning units HVAC-R systems, filtration systems, and chemicals, through its subsidiary Daikin Europe N.V has acquired AHT Cooling Systems GmbH for approximately $656 million (€

579 million). This acquisition enabled Daikin Industries, Ltd to be a one-stop provider offering complete coordination of air conditioning and refrigeration products as it has added AHT Cooling Systems GmbH products and services relating to air conditioning and commercial equipment. It also strengthens the expansion of Daikin Industries, Ltd in Europe, and the natural refrigerant portfolio as AHT Cooling Systems GmbH focuses on natural refrigerants like propane-based equipment. AHT Cooling Systems GmbH is an Austria-based provider of refrigerator and freezer systems for retail and industry.

The countries covered in the commercial refrigeration equipment market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

Product Code: r1473

Table of Contents

1. Executive Summary

2. Commercial Refrigeration Equipment Market Characteristics

3. Commercial Refrigeration Equipment Market Trends And Strategies

4. Impact Of COVID-19 On Commercial Refrigeration Equipment

5. Commercial Refrigeration Equipment Market Size And Growth

  • 5.1. Global Commercial Refrigeration Equipment Historic Market, 2016-2021, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Commercial Refrigeration Equipment Forecast Market, 2021-2026F, 2031F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Commercial Refrigeration Equipment Market Segmentation

  • 6.1. Global Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Refrigerator & Freezer
  • Transportation Refrigeration
  • Refrigerated Display Cases
  • Beverage Refrigeration
  • Ice Cream Merchandiser
  • Refrigerated Vending Machine
  • 6.2. Global Commercial Refrigeration Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hotels & Restaurants
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Bakery
  • 6.3. Global Commercial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Fluorocarbons
  • Hydrocarbons
  • Inorganics

7. Commercial Refrigeration Equipment Market Regional And Country Analysis

  • 7.1. Global Commercial Refrigeration Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 7.2. Global Commercial Refrigeration Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

8. Asia-Pacific Commercial Refrigeration Equipment Market

  • 8.1. Asia-Pacific Commercial Refrigeration Equipment Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

9. China Commercial Refrigeration Equipment Market

  • 9.1. China Commercial Refrigeration Equipment Market Overview
  • 9.2. China Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

10. India Commercial Refrigeration Equipment Market

  • 10.1. India Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

11. Japan Commercial Refrigeration Equipment Market

  • 11.1. Japan Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

12. Australia Commercial Refrigeration Equipment Market

  • 12.1. Australia Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

13. Indonesia Commercial Refrigeration Equipment Market

  • 13.1. Indonesia Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

14. South Korea Commercial Refrigeration Equipment Market

  • 14.1. South Korea Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

15. Western Europe Commercial Refrigeration Equipment Market

  • 15.1. Western Europe Commercial Refrigeration Equipment Market Overview
  • 15.2. Western Europe Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

16. UK Commercial Refrigeration Equipment Market

  • 16.1. UK Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

17. Germany Commercial Refrigeration Equipment Market

  • 17.1. Germany Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

18. France Commercial Refrigeration Equipment Market

  • 18.3. France Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

19. Eastern Europe Commercial Refrigeration Equipment Market

  • 19.1. Eastern Europe Commercial Refrigeration Equipment Market Overview
  • 19.2. Eastern Europe Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

20. Russia Commercial Refrigeration Equipment Market

  • 20.1. Russia Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

21. North America Commercial Refrigeration Equipment Market

  • 21.1. North America Commercial Refrigeration Equipment Market Overview
  • 21.2. North America Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

22. USA Commercial Refrigeration Equipment Market

  • 22.1. USA Commercial Refrigeration Equipment Market Overview
  • 22.2. USA Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

23. South America Commercial Refrigeration Equipment Market

  • 23.1. South America Commercial Refrigeration Equipment Market Overview
  • 23.2. South America Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

24. Brazil Commercial Refrigeration Equipment Market

  • 24.1. Brazil Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

25. Middle East Commercial Refrigeration Equipment Market

  • 25.1. Middle East Commercial Refrigeration Equipment Market Overview
  • 25.2. Middle East Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

26. Africa Commercial Refrigeration Equipment Market

  • 26.1. Africa Commercial Refrigeration Equipment Market Overview
  • 26.2. Africa Commercial Refrigeration Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

27. Commercial Refrigeration Equipment Market Competitive Landscape And Company Profiles

  • 27.1. Commercial Refrigeration Equipment Market Competitive Landscape
  • 27.2. Commercial Refrigeration Equipment Market Company Profiles
    • 27.2.1. Dover Corporation
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Daikin Industries Ltd.
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Carrier Commercial Refrigeration Inc.
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Johnson Control Inc.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Haier Group Corp
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Commercial Refrigeration Equipment Market

29. Commercial Refrigeration Equipment Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Research Inquiries
  • 30.4. The Business Research Company
  • 30.5. Copyright And Disclaimer