Global commercial refrigerator Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around 6.2% during a forecast period.
Global Commercial refrigerator Market
Expansion of organized retail and rising demand for ready-to-eat food and beverages are the key factors driving the market growth.Commercial refrigerator is primarily used for food retail industry and in the food service industry to store, display and merchandize perishable food products. Some of the different types of commercial refrigerator units include reach-in refrigerators and freezers, walk-in refrigerators and freezers, undercounted refrigerators, refrigerated merchandisers, and bar refrigerator etc.
Global Commercial refrigerator Market by key trends
The emerging trends driving the global commercial refrigerator market are growing mergers and acquisitions (M&A), growth of e-commerce in emerging markets, technological advances, and environmental mandates. The refrigerant used in refrigerator contribute to global warming which is the major issue suffered. To overcome this issue manufacturers have introduced green direct expansion technology, which manages the maintenance of these refrigerator systems, increasing cost-effectiveness, and reducing the impact on the environment.
Global Commercial refrigerator Market by drivers and restraints
Factors such as growing usage of advanced technologies such as magnetic refrigeration and growing demand for packaged food and beverages are fueling the market growth. However, high installation costs associated with commercial refrigerators are hampering the market. In addition, rapid growth in the organized retail sector, such as increase in number of hypermarkets and supermarkets provides huge opportunities for the players in the market. A new era of traditional refrigerator drifted from refrigerators with top-mount freezers to sleek bottom-freezer units, hybrid French door models, and professional side-by-sides. It is owing to the manufacturer’s attentiveness in designing today’s energy-efficient refrigeration appliances, which in return offers energy savings.
Global Commercial refrigerator Market by regional analysis
Asia Pacific is expected to witness fastest growth among other regions. Growth in the Asia Pacific region would be led by China followed by India. Emerging middle class and growing GDP in a number of developing economies in the Asia pacific have contributed to the growth of consumption of frozen and processed foods in the region. Moreover, the rising prosperity in Asia Pacific i.e. increase in disposable income has also contributed to increase in consumption of imported foods. Increase in the consumption of frozen and processed foods in the region and also increase consumption of imported foods have led to the rise in demand of commercial refrigeration in order to store, preserve and transport these food items. Moreover, the growing sea food industry in the region would also helped in augmenting the market growth.
The objective of the report is to present comprehensive analysis of global Commercial refrigerator market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding global Commercial refrigerator market dynamics, structure by analyzing the market segments, and project the global Commercial refrigerator market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the global Commercial refrigerator market make the report investor’s guide.
Scope of the Global Commercial Refrigerator Market
Global Commercial refrigerator Market by Type
• Walk-in Coolers
o Packaged Unit
o Remote Condensing Unit
o Remote Plant
• Display Cases
o Plug in Cases
o Remote Cases
• Beverage Refrigerator
o Beverage Cooling & Dispensing Units
o Drinking Fountains
o Beer Dispensing Units
o Soda Fountain Equipment
• Ice Making Machineries
• Transportation Refrigerator Equipment
• Other Equipment
Global Commercial Refrigerator Market by Application
• Food Service
• Food and Beverage Retail
• Food and Beverage Distribution
Global Commercial Refrigerator Market by End User
• Hotels/Restaurants and Catering Businesses
• Convenience Stores
Global Commercial refrigerator Market by Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Key players operating on the Global Commercial Refrigerator Market
• United Technologies Corporation,
• Johnson Controls International PLC,
• Daikin Industries Ltd.,
• Dover Corporation,
• AB Electrolux,
• Illinois Tool Works Inc.,
• Hussmann Corporation,
• Frigoglass S.A.I.C.,
• AHT Cooling Systems GmbH,
• Ali Group S.p.A.
• Emerson Electric Company
• Carrier Corporation
• GEA Group
• Heatcraft Worldwide Refrigeration
• Johnson Controls
• Baltimore Aircoil Company
• Carnot Refrigeration
• SCM Frigo
• Green & Cool
• Henry Technologies
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