Commercial Refrigeration Equipment Market Size, Share, Growth, Trends to 2022
Post on 19-Jan-2017
Commercial Refrigeration Equipment (Transportation Refrigeration Equipment, Refrigerators and Freezers, Beverage Refrigerators, Other Equipment, Commercial Refrigeration Equipment Parts) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022Published By:
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Commercial refrigeration equipment are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18C to +10C). Commercial refrigerators are largely used for food and beverage storage and merchandising purposes. Commercial refrigeration equipment is expected to witness strong demand globally, especially due to growing frozen and processed food consumption. Commercial refrigeration equipment is commonly used at convenience stores, grocery stores, supermarkets, restaurants specialty food stores, cafeterias, and other food retail stores.This research report provides a detailed analysis of trends in the commercial refrigeration equipment market. It also comprises a broad analysis of the industry drivers, restraints, and opportunities. The report also provides a comprehensive assessment of manufacturers strategies. The market for commercial refrigeration equipment has been segmented into its various applications: food service, food and beverages retail, food and beverages distribution, food and beverages production, and others. Food service is expected to be the largest commercial refrigeration equipment application over the forecast period.
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The commercial refrigeration equipment market is expected to see strong growth during the forecast period as traditional refrigerators are expected to be replaced by new refrigeration equipment in response to energy efficiency regulations. This would also boost the rate of product and technology developments in the commercial refrigeration equipment market. The expanding customer base in emerging regions, their changing food consumption habits, and increasing demand for food and beverage refrigeration systems at hotels and retail stores is boosting the commercial refrigeration equipment market. Currently, Asia Pacific dominates the global commercial refrigeration equipment market in terms of revenue and it is expected to continue witnessing the highest growth over the forecast period.
Major players in the commercial refrigeration equipment market include Daikin Industries, Ltd., Whirlpool Corporation, Danfoss A/S, United Technologies Corporation Carrier, Dover Corporation, Illinois Tool Works, Inc., Hussmann Corporation, Ingersoll Rand Plc., Haier Inc., Metalfrio Solutions SA, Beverage-Air Corporation (Ali S.p.A), and Electrolux AB.
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